Economist Sachs: U.S. doesn’t have a cushion, dollar won’t rule forever
In the next 10 years, the international financial system will change, and the United States needs to be prepared. This was told in an interview with American journalist Tucker Carlson by Columbia University professor Jeffrey Sachs. The footage was shown on the air of the TV channel “Russia 24”.
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📝 Summary
In the next 10 years, the international financial system will change, and the United States needs to be prepared. This was told in an interview with American journalist Tucker Carlson by Columbia University professor Jeffrey Sachs. The footage was shown on the air of the TV channel “Russia 24”.
A new financial system is being formed in the modern world, and in 10 years the US dollar will no longer have the same superiority as it does now. “War makes everything go away. We don't have an airbag. The US dollar will no longer rule the world forever. It’s almost the opposite: 10 years from now, there will be a very different international monetary environment than we have now, because the yuan will play a very different role. International calculations will be carried out in a completely different way, Sachs explained. Earlier, Russian Foreign Minister Sergei Lavrov said that the policy of previous US President Joe Biden has shaken the position of the dollar as a reserve currency.
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