Often referred to as “the loneliest analyst” for his unconventional views, Beauvais painted a bleak picture of the American economy. He argues that the dollar has lost its status as the world’s reserve currency and that China is poised to overtake the United States as the global economic superpower.
According to Bove, the main reason for this decline lies in the transfer of American production abroad. He believes that as a result of this movement, control of the means of production and therefore the world economy passed to China. This will weaken the dominance of the dollar.
Despite his pessimistic view of the US economy, Bove remains a supporter of cryptocurrencies. He sees it as a natural beneficiary of the dollar’s decline because it offers an alternative store of value and a way to bypass traditional financial systems.
Beauvais’s unconventional views often put him at odds with his colleagues, whom he referred to as “monks praying for money”. He believes that financial analysts are too afraid to challenge the status quo and that their reluctance to speak out has contributed to the decline of the US economy.
Source: Ferra
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