Wall Street banker predicts dollar’s demise ...News

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Wall Street banker predicts dollar’s demise
The greenback’s dominance will gradually wane, Lawrence McDonald says The US dollar, which is enjoying its peak years at the moment, could lose its status of world reserve currency, former Lehman Brothers executive Lawrence McDonald told Sputnik news agency. In an interview published on Thursday, he said, “It’s definitely going to happen. It’s not a near term problem, maybe 20 to 30 years because the US has so much wealth, we’ve got a lot of military power, but there’s no question. The peak dollar best years are right about here.” According to McDonald, who served as the vice president of distress debt and convert

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