US Dollar Now Effectively Replaced As World’s Reserve Currency by This Asset, According to Black Swan Author Nassim Taleb

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Economist and best-selling author Nassim Taleb says a single asset has overtaken the US dollar’s position as the world’s de facto reserve currency. In a new interview with Bloomberg, the Black Swan author says that the US dollar has lost its status as a reliable safe-haven asset, noting that people prefer to invest in the stock market rather than hold a currency that declines in value over time. He also says that America’s sweeping sanctions against Russia for its invasion of Ukraine marked the ...