Telsa and Twitter owner Elon Musk this week sounded the alarm about the primacy of the U.S. dollar as the world’s reserve currency following a deal between the Chinese regime and Brazil to trade in their own currencies.
“The US dollar is losing its reserve currency status,” Genevieve Roch-Decter, a former small-cap money manager, wrote on Twitter this week, adding that the dollar has been “the backbone of the global economy for decades. Several countries even use the US Dollar as an official currency, like El Salvador, Panama, and Ecuador.”
