“The United States is the biggest debtor country in history,” said the expert, adding that this is why people are starting to abandon the use of the dollar.
Rogers recalled that the international currency must have an absolutely neutral status. But Washington is changing the game and “if they get mad at you, they can turn you off.”
Today, even countries friendly to the United States do not rule out the possibility of falling under such restrictions, so many of the friends of the United States are looking for something that can compete with the dollar, the expert said. He added that this process is speeding up, as the Washington partners fear that something could happen to them.
The world has yet to find an equivalent replacement or at least a competitor to the US dollar, Rogers added. At the same time, he expressed his confidence that this will happen, “and the time of the United States will come to an end.”