Dollar & BRICS Both Going To Be Dead. Marc Faber | Crypto
27Dollar & BRICS Both Going To Be Dead. Marc Faber Crypto Bitcoin News Bitcoin Crash Crypto News
In 2023, the U.S. Dollar Index has experienced a significant 2% decline, driven by foreign adversaries' efforts to challenge the dollar's status as the world's reserve currency. Marc Faber, one of the most respected and reknowned financial analyst and money manager, in a recent appearance on the Daniela Cambone show, highlights the potential implications of this de-dollarization trend, which could reshape the global economy as countries increasingly adopt alternative currencies. Faber emphasizes the importance of a diversified currency system, enabling free trade among nations.
Regarding the Federal Reserve's stance on inflation, Marc Faber believes that they are not in a hurry to bring it down to their 2% target rate. He suggests that the central bank's primary concern lies in maintaining financial markets at their peak, avoiding deflation in financial assets. While controlling deflation in real assets, like properties, poses challenges for the Fed, their priority is to sustain the buoyant state of financial markets.
Faber concludes by urging investors to grasp the significance of the de-dollarization trend, as it signals a profound transformation in the global economy. Understanding and navigating this shifting landscape is vital for effectively managing uncertainties in today's market.
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