US economists say the decline of the dollar cannot be stopped
Jeffrey Sachs, an economics professor at Columbia University in the United States, recently said in an interview that as time goes on, the United States' share in the world economy is declining, and the dollar will no longer be the main currency in the world, which is unstoppable. The weaponization of the dollar forces other countries to abandon dollar settlements. Sachs said that the United States will weaponize the dollar, often using the dollar's dominant position to threaten other countries, disrupt trade, and force other countries to gradually abandon the dollar settlement in international trade and use other currencies instead. Sachs also predicted that in 10 years, the role played by the dollar will be completely incomparable to the present. (CCTV International News)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Morgan Stanley crypto chief leaves, plans to create DeFi fund in Switzerland
Trump's "bargaining tool": Nvidia will sell 18,000 of the latest AI chips to Saudi Arabia
E-commerce company Upexi entrusts BitGo to custody over $100 million in Solana assets
Regulated crypto derivatives platform GFO-X officially launched in the UK
Trending news
MoreCrypto prices
More








