Janet Yellen thinks the U.S. is to blame for the death of dollar
Share link:In this post: Janet Yellen believes that America’s frequent use of sanctions is causing de-dollarization, weakening its global dominance. Iran and Russia have started carrying out all transactions completely without the dollar, driven by efforts to counteract sanctions. Goldman Sachs predicts that the BRICS will be the world’s largest economy by 2075, pushing America to third place.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investment
Janet Yellen, the U.S. Secretary of the Treasury, has pointed fingers at the U.S. itself for the potential downfall of the U.S. dollar. She made her views known while speaking to the House of Financial Services Committee on Tuesday.
Janet explained that America’s frequent use of sanctions as a tool of foreign policy is hurting the dollar’s status around the world. Countries are moving away from the dollar, trying to protect themselves from these sanctions.
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