China’s export controls on rare earth minerals signal the end of the US dollar’s dominance. Analyst Luke Gromen discusses the impact on the global monetary order, as China holds over 90% of the world’s rare earth mineral production. This shift could lead to a rise in hard money assets like Bitcoin and gold.

The US dollar is facing its worst year since 1973, with a 10% decline year-to-date and a 40% loss in purchasing power since 2000. Investment analysts at The Kobeissi Letter predict ongoing debasement of the currency, leading to rising asset prices as investors seek to protect their purchasing power.

Read more at Cointelegraph: The US Dollar and the 1971 Global Monetary Order Are Collapsing: Analyst