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Elon Musk talks about canceling the role of the US dollar as a weapon

American economist and academic Michael Hudson issued a warning about a catastrophic decline in the American standard of living in the near future. This warning is attributed to the unsustainable increase in US public debt and the growing budget deficit, which exacerbates poverty and unemployment.

Regarding the future of the US dollar as a global currency, billionaire Elon Musk pointed out that the current role of the US dollar as a reserve currency may be short-term and could be canceled as an economic weapon, considering that this could happen if the United States becomes more aggressive in using sanctions and imposing tariffs on other countries.

As digital currencies, including Bitcoin, are becoming more widely used, some investors and countries are looking for alternatives to relying on the US dollar as a reserve currency, which could have negative impacts on the US economy in the future.

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