The U.S. Digital Dollar, and the Fall of the U.S. Reserve Global Currency

Hard Asset Management CEO Christian Briggs speaks about the transformation of the how we pay for things in the United States. Christian speaks about the downward spiral of the U.S. dollar. A number of countries are getting rid of their dependency of the U.S. dollar and relying instead on the Chinese yuan or their own country’s monetary system. The Chinese government is leading the BRICS (Brazil, Russia, India, China, South Africa) coalition. These are fast-growing economies that will collectively dominate the global economy by 2050. Former assistant secretary of the U.S. Department of the Treasury, Monica Crowley recently said “It’s really hard to overstate exactly how catastrophic the abandonment of the U.S. dollar would be as the world’s global reserve currency. If that were to end, that would mean the end of the U.S. dollar.”