Why countries are moving away from USD
Jim Rogers warns US dollar's time 'coming to an end' |
Veteran investor Jim Rogers, who co-founded the Quantum Fund with billionaire investor George Soros, says the U.S. dollar's time is coming to an end as more countries are seeking alternatives to the USD.
"Many friends of America are moving, trying to find something to compete with and ultimately replace the U.S. dollar. It will happen. It has always happened," he warned. Read more |
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Treasury Secretary Yellen insists US could default on June 1 U.S. Treasury Secretary Janet Yellen has insisted that the U.S. could default on its debt obligations on June 1.
"I think that's a hard deadline," she stressed. Meanwhile, global investment bank Goldman Sachs has estimated that the "real deadline" for a possible U.S. default is "more like" June 8-9. |
JPMorgan Boss: Be prepared for interest rates 'going higher from here' JPMorgan Chase, the largest bank in the United States, held its investor day event on Monday, where CEO Jamie Dimon answered questions from analysts and journalists.
Despite market expectations of a rate hike pause, Dimon cautioned that people "should be prepared for rates going higher from here." |
Expert predicts fourfold increase in gold demand, price to skyrocket Although gold has been trading below the $2K range since May 16, 2023, Rick Rule, the founder of Rule Investment Media, is confident that the struggling U.S. economy will cause demand for precious metals like gold to skyrocket.
In an interview published on May 18, Rule emphasized that people's anxiety about the purchasing power of conventional savings methods has always been the main factor driving gold prices. |
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