‘I don’t like saying it, but something will replace the US dollar’: Investor Jim Rogers says century of USD reign is ending

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The dollar is on the brink of losing its status as the world’s main reserve currency, following reports of China’s plans to drop a huge chunk of its American debt holdings.

With a national debt of over $26.5 trillion, “the US is now the largest debtor nation in the history of the world, and it’s getting higher and higher every day,” Rogers said, adding that it’s going to take a toll on the country’s currency.

“Traditionally, the US dollar has been the soundest currency in the world. But tradition changes,” he pointed out, referencing the fate of the British pound and Dutch guilder, which, in previous centuries, were considered the most reliable currencies.

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