Based on findings from the International Monetary Fund, fiat currencies are expected to spread further and the US dollar is projected to lose its status as a global reserve currency in the coming year. This prediction was made by Dmitry Medvedev, the former president of Russia. On New Year’s eve, he made a few predictions in a series of tweets and this was his “humble contribution”.
Medvedev’s Bold Prognostications Include the Collapse of the World Bank, Elon Musk in the White House and More
The Bretton Woods monetary system is expected to crash next year, leading to a collapse of the International Monetary Fund and World Bank, all according to the former leader of Russia who served between Vladimir Putin’s two terms as president.
“The euro and the dollar will stop circulating as global reserve currencies. Instead, digital fiat currencies will be actively used,” Medvedev posted on social media. He continued that “all the largest stock markets and financial activity will leave the US and Europe and move to Asia.”
The ex-Russian president went on to say that oil prices will reach $150 per barrel, natural gas prices will rise to $5,000 and the EU will collapse if the UK joins. He also predicted that parts of western Canada will be occupied, France and Germany will face off against each other and Hungary and Poland will become divided.
Medvedev also suggested that Elon Musk will win the presidential elections in several states that will be ceded to the Republican Party at the end of a new civil war. Furthermore, Russia is expected to “nationalize” foreign assets due to sanctions.
The country has been working on improving the legal framework for digital assets and regulating cryptocurrencies, especially when it comes to cross-border transactions. Russia is also developing its own digital ruble, although a ban on all crypto transactions has been proposed.
Medvedev is generally considered a more liberal politician and he has been very vocal on social media since the attack on Ukraine in late February. Days after the war, he wrote that Russia may nationalize foreign assets in response to the sanctions.
Do you believe any of Dmitry Medvedev’s predictions for 2023? Leave a comment in the section below.
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