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US loses status reserve currency

Former Treasury Official Warns of Complete Economic Implosion if US Dollar Loses Global Reserve Currency Status

Former Treasury Official Warns of Complete Economic Implosion if US Dollar Loses Global Reserve Currency StatusFormer Assistant Secretary for Public Affairs for the U.S. Department of the Treasury Monica Crowley has warned of “catastrophic” consequences if the U.S. dollar loses its status as the world’s reserve currency. “That would mean the end of the U.S. dollar,” she said, predicting that “there would be a complete implosion of the global economic […]

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