Apparently the US dollar is about to face tough times, at least according to the expert on financial and geopolitical cycles Charles Nenner. One who, so to speak, has a roster unsettling.
Some leading banks turn to him for advice on buying physical gold to protect their assets in the face of an imminent economic catastrophe. This latest "warning" concerns the future of the US dollar.
BRICS: the challengers who threaten the hegemony of the dollar
The so-called BRICS states (that is, Brazil, Russia, India, China and South Africa) work to reduce their dependence on the US dollar: according to Nenner, they can make a lot of noise, setting off a disastrous chain reaction.
For two reasons. First: among the plans on the table of the BRICS there would even be the creation of a new currency. According to: the possible and imminent entry of Saudi Arabia among the countries of this pact. If more and more countries abandon the US currency, its value could fall dangerously, and the dollar would eventually lose its status as the world's reserve currency. Or maybe, says the expert, it would be better to say "he'll end up losing it".
The Great Recession
Nenner believes that the United States is losing its position as a world leader and its influence is weakening. This inexorable decline, coupled with the possible collapse of the dollar, will lead to a severe recession in the US economy, deeply affecting Western society.
The collapse of the dollar, Nenner says, could prompt investors around the world to sell their securities, causing further economic turmoil. If China and Russia decide to sell their US public debt, the consequences for the global economy could be disastrous.
Obviously, the US is not standing idly by. This is why it is increasingly important, says Nenner, to also analyze the risks associated with his predictions on war cycles. In his opinion, up to 30% of the world's population could die in the next macro conflict. Almost 2 and a half billion dead.
Perhaps it would not be a new "World War" fought across the board: but simultaneous wars between Ukraine, Taiwan, Central Africa, South Korea and the Middle East could put the USA in difficulty in maintaining its same position on the world stage.
Cupio dissolve
In summary, the scenarios painted by Charles Nenner are rather dark: too many converging trends, even in the real estate market, to ignore the risk of a collapse.
In the face of mounting geopolitical tensions and economic indicators signaling a potential crisis, analyzes like this remind us how fragile our global economic system is.
Will Nenner's predictions come true? They could, but other factors could also be involved. Analysts are not omniscient wizards. In any case, they make us understand how necessary it is, out of love and humanity, for the path of cooperation to replace the crazy and greedy one of opposition.
