Investment manager Larry Lepard has warned that the U.S. dollar could lose most of its value within 5 years. $USD
Following the onset of the Russia-Ukraine war, “the U.S. did something which I perceived to be very stupid, which is it seized $600 billion of Russian currency reserves, and that sent the message to every other country in the world that ‘Hey if the U.S. doesn’t like what you’re doing, they can grab your money,'” the executive described.Larry Lepard, investment manager and founder of Equity Management Associates , shared his prediction about the demise of the U.S.
The executive then explained how he came up with his prediction: “I base that on looking at history and other currency events in other countries and kind of watching the patterns of how long it takes.” That kind of started us on what I view as the next round of currency debasement … and we’re now seeing the everything bubble slowly but surely deflate.
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