Financial analyst and former Goldman Sachs executive, Charles Nenner, has expressed concerns over the future of the US dollar and the American hegemony in the financial world. Nenner, who long held the belief that the dollar would remain strong, has now reversed his opinion, stating that the dollar is “really in trouble.”
In an interview with USAWatchdog, Nenner warned that the group of economically-aligned nations known collectively as BRICS (Brazil, Russia, India, China, and South Africa) is a much bigger threat to the US dollar than people realize.
He believes that all these countries will be forming an “anti-dollar” alliance, with Saudi Arabia also coming onboard, which would mean the end of the dollar as the reserve currency.
Nenner predicts that the long-term fate of the dollar is already sealed, and the US economy will suffer as a result. He warns of a potential “great depression-style” crash in the not-too-distant future, which will be caused by a global war cycle, a commercial real estate collapse, and additional systemic issues.
Nenner argues that the American empire is threatened by the same issues that have finished other countries, such as bad education, too many outstanding loans, and people becoming too lazy to do hard work. He believes that these issues will ultimately lead to the downfall of the American empire.
Overall, Nenner’s comments suggest that the US dollar and the American empire are facing significant challenges in the coming years, and that a major economic and geopolitical shift could be on the horizon.
