Investor Jim Rogers said the US dollar began to depreciate as the US became the world’s largest debtor. It has been reported DEA News.
People are slowly moving away from using the dollar because the United States is the most indebted country in history.
“Many people are starting to wonder if they want to use this currency as they may run into problems in the future,” the investor said.
He noted that the international currency should have a neutral status.
Former Speaker of the House of Representatives Kevin McCarthy (R-California) declarationHe said it is possible to reach an agreement to raise the US debt ceiling to avoid default by the end of this week, but that the parties still have serious disagreements at the moment.
Prior to this, it was learned that US President Joe Biden will not go to Australia for the Quadruple Security Dialogue (QUAD) summit due to the situation in the US public debt.