Larry Lepard, an investment manager, said that the U.S. dollar might not be worth as much in 5-10 years from now. This is because when Russia and Ukraine were at war, the U.S. took $600 billion away from Russia as punishment for what it was doing – which sent a message to all other countries that if the US doesn’t like something, then it can take money from them too!
Larry Lepard’s Dire Prediction for the U
Larry Lepard, who works in investments, shared his prediction that the US dollar may not be worth much money within five to ten years. He believes it could happen sooner rather than later – within five years.
The executive then explained why he made such a prediction: “I used history and other currency events in other countries to figure it out, by looking at how long similar things take.”
When the Russia-Ukraine war started, the US made a bad decision. They took away $600 billion of Russia’s money and sent a message to other countries that if the US doesn’t like something they can just take away your money. This started what we call “the everything bubble” which is slowly deflating now.
The investment manager mentioned inflation and said it’s getting worse. He suggested that gold and Bitcoin are good investments because they keep their value over time.
Lepard said that a lot of people in the United States have been told to invest their money in stocks and bonds, but not to worry too much about what happens with the currency. But Lepard thinks this is a really bad idea because if you don’t save some gold or Bitcoin, then in the next 10 or 15 years it will be hard for your money to keep its real value – it might even get wiped out from being invested in bonds!
Lepard believes that the people in charge of the US dollar (like politicians) can’t be trusted because they often change rules to help themselves. Examples include when they gave money to failing Silicon Valley Bank and Signature Bank. He added that each time these powerful people change things, more people are learning about other currency options as an alternative.
What’s your opinion about Larry Lepard’s warnings and predictions? Tell us in the comment section!
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