Bukele Warns US Dollar Bubble Could Burst, Bringing Down Western Civilization
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El Salvador President Nayib Bukele said at a US conference that the US dollar will collapse due to excessive money printing and lack of backing. He warned this could lead to Western civilization falling.
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Bukele stated the US government is largely funded by money printing not taxes, calling it an illusion and unsustainable bubble.
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His comments echo the BRICS alliance's efforts to abandon the US dollar for local currencies in international trade.
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Bukele warned if the next US President does not make major financial reforms, the monetary bubble will inevitably burst.
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US leaders and banks have also warned of dangers from the ballooning over $34 trillion national debt and current fiscal path.