Speaking at the Conservative Political Action Conference (CPAC) in Maryland, Bukele was welcomed with rabid applause by those in attendance. However, he did not withhold his opinion on the potential fate of the greenback.
Eventually, Bukele said that the United States economy is built on a “farce” through its consistent money printing. Moreover, he referred to this as the “bubble that will inevitably burst,” and will devalue the currency that has become the backbone of global economics.
Throughout the last year, the BRICS alliance has not been shy about its stance against the US Dollar.
Indeed, the bloc has consistently sought greater global abandonment of the greenback. Specifically, in turn for the promotion of local currencies in international trade settlements, watcher. guru reported.
Now, the BRICS perspective has been echoed by El Salvador President Nayib Bukele, who said the the American greenback will definitely collapse.
“The real problem is that you pay high taxes only to uphold the illusion that you are funding the government, which you are not,” he stated. “The government is funded by money printing, paper backed by paper. A bubble that will inevitably burst," the report added.