In a recent speech filled with warnings about the future of the United States, former President Donald Trump addressed a topic that has been gaining increasing attention: the potential loss of the dollar’s status as the global reserve currency. Trump, known for his blunt and blunt style, minced no words when he said: “If we lose the dollar’s global reserve currency status, we will become a third world country.”
This grim prediction, according to Trump, is closer to reality than many imagine. The former president highlighted that the de-dollarization movement, led by emerging economies and driven by recent geopolitical events, such as Russia's invasion of Ukraine in 2022, has put the power of the dollar under threat. The formation of the BRICS economic bloc, composed of Brazil, Russia, India, China and South Africa, and its growing prominence in the global arena, are clear indicators that the economic dominance of the United States is being challenged.
Trump compared the loss of the dollar's status to defeat in a war, stressing that the US cannot allow this to happen. He harshly criticized the sanctions imposed by the US government on other countries, arguing that such actions, rather than strengthening the US position, have weakened its hegemony. According to Trump, sanctions have forced other nations to seek alternatives to the dollar, thus accelerating the process of de-dollarization.
"If we lose the dollar's global reserve currency status, we will become a third world country," Trump reiterated, underscoring the imminent danger that he said many politicians and analysts prefer to ignore. For Trump, recognizing this threat is the first step to avoiding a collapse that could relegate the United States to the status of an underdeveloped nation.
The former president ended his speech with a call to action, urging Americans to resist these trends and take action to preserve the U.S. economic position on the global stage. For Trump, the country’s future depends on its ability to maintain the dollar as the world’s benchmark currency, and any failure to do so would be catastrophic.
This warning from Trump serves as a reminder to policymakers and citizens that US economic supremacy, something many take for granted, may not be as eternal as imagined.
