Famed Analyst Richard Bove Says US Dollar Is Finished as World’s Reserve Currency — Expects China to Overtake US Economy
Renowned financial analyst with over 54 years of experience, Richard Bove, has warned that the U.S. dollar is finished as the world’s reserve currency, cautioning that China will overtake the U.S. economy. He warned that the offshoring of American manufacturing poses a significant threat to the financial sector and the U.S. dollar. Richard Bove’s Economic Warning Renowned financial analyst Richard Bove shared his dire outlook for the U.S. economy in an interview with the New York Times on Saturday. The 83-year-old worked as a financial analyst for 54 years at 17 brokerage firms; he officially announced his retirement last week. Voicing concerns about the future of the U.S. dollar, he said: The dollar is finished as the world’s reserve currency. In addition, Bove predicted that China will overtake the U.S. economy. He emphasized that no other analysts will make a similar statement because they are “monks praying to money,” choosing not to critique the mainstream financial system