Jim Rogers’s 5 Latest Predictions and Investments

2. De-Dollarization Fears Are Real

Prediction: April 2023

US Dollar dominance as the global reserve currency is slowly ending. The 80-year-old market veteran believes the greenback has been on top for a long time, and now there is every reason to start looking for a competitor.

“No world currency has been on top for more than 100, 150 years at a time – they all change,” Rogers said.

Therefore, traders and investors should be extremely worried as many countries start to look for alternatives to the US dollar. The situation is being fueled by the horrendous debt problem in the US and aggressive monetary policy.

The warnings have further been reaffirmed by China and Russia joining forces to work on another currency that will act as an alternative to the dollar. The two have already joined forces with Brazil, India, and South Africa as they seek to launch a currency backed by Gold.