Expert predicts dollar collapse amid banking sector unrest

Alexander Nazarov, an economist, looked at the current state of the global economy, especially in light of the crisis affecting banks in the US and Europe and the attempts to lower inflation.

An expert named Nazarov wrote on his Telegram channel about the things that, based on current economic conditions, will cause the US dollar to collapse in the next few years. He named things like hyperinflation, large-scale sanctions or war with China, and civil war in the USA.

“I think political unrest could lead to a US civil war in 2024 or 2025,” he said. “We can already see this happening around Trump.” It will be impossible to buy things with dollars if there is a civil war in the United States. Also, a lot of sanctions or a war with China will make it much harder for Chinese goods to reach the world market and the dollar trade space.

He also said, “I believe this will happen between 2025 and 2027. It will cause world hyperinflation and destroy the dollar.” Not yet, because tens of trillions of dollars are being loaned out without any security.

The expert also talked about how digital currencies could hurt the US dollar in international trade. They said, “This could happen in 2024 and cause hyperinflation.” There will be a digital ruble in Russia in a few months, and a digital yuan in China as well. This trend is growing. This year, a lot of trade will be done in digital currencies instead of dollars.

“The dollar zone will get smaller in a year or two, especially if Saudi Arabia changes its oil payments to yuan,” he said. “The amount of unprotected dollars will cause hyperinflation.”

The expert also talked about the US government debt as another sign of the risks that come with the US dollar. He said, “This year or any next year, the United States may fail on its debt.” It will destroy the dollar and send a huge shock through the world economy.

“By 2027, the dollar will definitely not cease to exist,” the expert wrote in his paper. “But it will cease to be a world currency, and most likely, there will be hyperinflation in the dollar zone.”

The expert said that his comment pointed to things that might cause the US dollar to fall, but that not all of them would have to happen for the crash to happen.