The US dollar's dominance is dwindling, and experts warn of an impending economic collapse. The Federal Reserve's 50-basis point rate cut hasn't halted the rise in long-term bond yields, indicating inflation expectations are spiraling out of control. This erosion of purchasing power, coupled with record debt levels, signals a larger recession looming.
*Key Indicators of Economic Distress*
- Home sales plummeting to Great Recession levels
- Negative household net savings for six consecutive quarters
- Consumption exceeding production, mirroring 2008 and 2020 economic collapses
- Office spaces and retail sectors struggling
The American empire's economic decline parallels Rome's downfall. Confidence in the system is waning, and nations seek alternatives to the dollar. BRICS countries (Brazil, Russia, India, China, South Africa) are exploring dollar-free transactions, while Europe considers an independent payment system ¹.
*Global Shift Away from Dollar Dominance*
- Dollar's share in global reserves declining over two decades
- Non-traditional currencies gaining traction (Australian dollar, Canadian dollar, Chinese renminbi)
- Central banks diversifying reserves, seeking safer alternatives ²
As nations lose faith in the dollar, Bitcoin and other cryptocurrencies gain attention. The world may break free from dollar dominance, sparking a global economic shift.
#Bitcoin 🪙
