- IN-DEPTH: Dangerous Global Shift From Dollar Driven by CCP and US Policy, Experts Say
by Alex Newman, https://www.theepochtimes.com/
Experts warn that the CCP and US policymakers are undermining the US dollar’s global reserve status, with potentially catastrophic implications for Americans
The trend away from the U.S. dollar in global trade and finance is accelerating rapidly as inflation persists, government debt levels explode, and the Chinese Communist Party (CCP) roams the planet negotiating deals in other currencies.
The economic and political implications of the dollar’s possible loss of its prized status as global reserve currency are hard to overstate, according to experts. In fact, such a development—if and when it occurs—could prove catastrophic to U.S. consumers as their spending power evaporates, economists are warning amid debt-ceiling negotiations that have sent tremors around the world.