World Reserve Currency Shift: Nassim Taleb, Black Swan Author, Declares This Asset Has Ousted the US Dollar
Unfiltered Finances ▶️ June 22, 2025 ⏰🔔 Industry Rewind
In a candid conversation with Bloomberg, renowned author and economist Nassim Taleb claims that the US dollar has been dethroned as the world's go-to reserve currency. The man behind the best-seller "The Black Swan" argues that the once dependable safe-haven asset is no longer trusted due to its continuous devaluation.
Taleb suggests that rather than hoarding the dollar, people today opt for investing in the stock market. He also contends that America's sanctions against Russia for the latter's invasion of Ukraine heralded the end of the dollar's reign as the world's reserve currency. Gold, Taleb argues, has taken the spotlight, as the US dollar's credibility has dwindled after America and its allies used the USD as a weapon[1][2][3].
"That would end up being reflected in stocks, the slow decline of the dollar, and effectively, there's a second risk. The first one is the deficit, the second one is effectively that the dollar is losing its status as a reserve currency...
You can see the accumulation of gold in the reserves and the behavior of gold over the past 12 months. And it didn't start with Trump's policies. Of course, it started with Biden when he froze the accounts of people connected to Putin, but people not connected to Putin decided to stay away from the euro and the dollar.
And gold is effectively now the reserve currency. Transactions take place in dollars and euros, usually dollars, and at the same rate, it gets converted back into gold. And we can see that from the accumulation of reserves."
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