19/5000 Shīqù quánqiú chúxù huòbì dìwèi měiyuán jiāng biǎnzhí 30% Losing the status of global savings currency, the dollar will depreciate by 30%

Rei Dario, founder of Bridgewater Associates, the world's largest hedge fund, said in an interview with Bloomberg Television that if the dollar loses its global savings currency status, it will depreciate by 30%. This will be the "worst nightmare" in the United States.

The billionaire believes that the dollar's exchange rate collapse may be due to the US's "triple deficit" - the budget deficit, the trade deficit and the current account deficit have further increased. The US's triple fiscal deficit is likely to scare foreign buyers of government bonds, which will also lead to explosive growth in Treasury yields and a 30% drop in the US dollar. Under such circumstances, the status of the US dollar as a global reserve asset will be replaced by other currencies.