/ world today news/ The days when the US dollar was considered a stable currency have sunk into oblivion. Economists give disappointing predictions about the impending collapse of the national currency. This time, they note the seriousness of the situation, recommending that citizens start preparing for difficult times right now.
The situation was commented by the economist, researcher from “Yale” Stephen Roach. The theory that the end of the American national currency will come is considered quite real. And it’s hard to disagree with the expert.
According to Roach, the US economic system, like the dollar, will face drama in the very near future. The US net savings rate is the total amount of debit accounts of companies, governments, and individuals. Today he looks very sad. The country may see a colossal drop in savings and a return to the negative zone in the second quarter of this year.
The expert noted that this is the first time since the global financial crisis.
Roach notes that next year will be crucial for the US national currency. At the end of 2021, we should see something really interesting, he emphasized.
It is important to note that just a few months ago, the expert took a different view and made more rosy predictions. However, the American economy has not been able to cope with the events of recent months.
“Without savings, we continue to accumulate new debt, which always pushes the exchange rate down.” The US dollar is not immune to this time-tested correction,” added Roach.
In other words, the dollar is not only related to the American economy. You should also remember the pandemic caused by the spread of the coronavirus infection and the recession in the global economy. And these are not all negative factors affecting the dollar.
Translation: V. Sergeev
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