/ world today news/ After the US presidential elections, the dollar will inevitably fall. This is what the Academician of the Russian Academy of Sciences and Minister of Integration and Macroeconomics of the Eurasian Economic Commission Sergei Glazev said in Sevastopol.
The US elections, judging by the sentiments of the opposing parties, will be accompanied by major upheavals. The parties are already expressing mutual distrust of each other. Obviously, there will be additional socio-political turmoil, so in this geopolitical situation the dollar should weaken, not the ruble. Confidence in the dollar is falling, the world is abandoning it. If ten years ago the share of the dollar in world payments was 80%, today it is only 40%.
We see that China is successfully building its economic defense and has already sharply reduced its dependence on the US, the same applies to the Eurasian Economic Union.
Therefore, I believe that any turmoil in America should not negatively affect the ruble. They will have a negative effect on the dollar, because now the US budget deficit is more than 30%, which was not even during the World War.
The US financial system is collapsing, and experts disagree only on the time when the US dollar system will burst and the latent inflation that manifests itself in financial bubbles will turn into open inflation that is already seeping into the consumer market. Let’s point out that the price of meat has already doubled in America. So the transition to galloping inflation and a collapsing dollar is a matter of months.
Translation: V. Sergeev
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