the dollar has passed the “point of no return.” There is a search for its replacement

The expert believes that the US economy has reached a maximum of public debt
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Economic crisis 2020-2022

The “point of no return” for the dollar has passed, the search for its replacement is already underway. This was announced by economist Yegor Klopenko.

“Everyone is frightened by the fact that the US economy has reached historic highs on public debt and it continues to grow and there is an understanding that it is unrealistic to repay such a debt. Especially for an economy that is going into recession, “Klopenko said.

He believes that the consequences of the blockade of Russian assets in the West in the amount of $ 300 billion should not be underestimated. According to the expert, “2022 will be a year of mass withdrawal of countries from savings in US securities and currency.” Yegor Klopenko reminded that in recent weeks several countries, including China, India, Turkey and Brazil, have announced their transition to national currencies in mutual settlements.

Russian President Vladimir Putin announced the start of a special operation in Ukraine on the morning of February 24. In response, the United States and Western countries imposed severe restrictions on Russia. Thus, the European Union has banned any operations related to the management of assets and reserves of the Central Bank of the Russian Federation. He also agreed with the United States, Britain and Canada to freeze all his assets. US Secretary of State Anthony Blinken said that in this way the West was trying to influence Moscow’s behavior.

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The “point of no return” for the dollar has passed, the search for its replacement is already underway. This was announced by economist Yegor Klopenko. “Everyone is frightened by the fact that the US economy has reached historic highs on public debt and it continues to grow and there is an understanding that it is unrealistic to repay such a debt. Especially for an economy that is going into recession, “Klopenko said. He believes that the consequences of the blockade of Russian assets in the West in the amount of $ 300 billion should not be underestimated. According to the expert, “2022 will be a year of mass withdrawal of countries from savings in US securities and currency.” Yegor Klopenko reminded that in recent weeks several countries, including China, India, Turkey and Brazil, have announced their transition to national currencies in mutual settlements. Russian President Vladimir Putin announced the start of a special operation in Ukraine on the morning of February 24. In response, the United States and Western countries imposed severe restrictions on Russia. Thus, the European Union has banned any operations related to the management of assets and reserves of the Central Bank of the Russian Federation. He also agreed with the United States, Britain and Canada to freeze all his assets. US Secretary of State Anthony Blinken said that in this way the West was trying to influence Moscow’s behavior.

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