US Dollar Danger And Massive Collapse: Losing Reserve Status Due to Currency Weaponization

It’s been revealed that the US dollar is still in great danger, according to the latest reports. Check out the new data below.

Not too long ago, we revealed the fact that the future doesn’t look too bright for the Americans, according to the latest reports. Check out the new statements made by Robert Kiyosaki below.

According to Kiyosaki, BRICS – which is made up of Brazil, Russia, India, China, and South Africa – poses a major threat to the stability of American society. This is reportedly happening as the alliance of nations could trigger hyperinflation by sending their massive dollar reserves back to the United States.

BRICS is reportedly in the early stages of developing a precious metal-pegged currency that does not utilize US dollars.

Now, it’s been reported that the US dollar’s global supremacy is reportedly eroding at an exponential rate, with countries backing away after witnessing how America used USD to impose sanctions against Russia.

In a recent Bloomberg report, Stephen Jen and Joana Freire of asset management firm Eurizon SLJ Capital reveal that in 2022, the US dollar’s market share in global reserves has dropped 10 times its average speed of the past 20 years.

If we take some time and consider the fluctuations in exchange rates, the dollar lost about 11% of its market share since 2016 and twice that amount since 2008.

Jen and Freire say in an investor note that countries located in Asia, Latin America, Africa, the Carribean and the Pacific Islands are shedding their dollar reserves as they look for an alternative to avoid sharing Russia’s fate, according to the online publication the Daily Hodl. 

“The dollar suffered a stunning collapse in 2022 in its market share as a reserve currency, presumably due to its muscular use of sanctions. Exceptional actions taken by the US and its allies against Russia have startled large reserve-holding countries.”