• Russia’s former head of state, Dmitry Medvedev, predicts that digital fiat currencies will spread in the new year and the U.S. Dollar will lose its status of global reserve currency.
• Medvedev foresees the Bretton Woods monetary system collapsing, the IMF and World Bank crashing, and oil prices and natural gas prices increasing.
• He also expects the EU to collapse, the euro to fall out of use, and France and Germany to clash while Hungary and Poland occupy parts of Western Ukraine.
As the world awaits the New Year, one former head of state is making predictions about what the future holds. Dmitry Medvedev, who served as the President of Russia from 2008-2012, has taken to social media to share his thoughts on what he believes will happen in 2023. In a series of tweets, the politician gave his two cents on the wildest predictions for the year ahead.
Medvedev believes that the U.S. dollar will be losing its status as the global reserve currency, with digital fiat currencies taking over. He foresees the Bretton Woods monetary system collapsing, which would cause the International Monetary Fund (IMF) and World Bank to crash. In addition, Medvedev predicts that oil prices will reach $150 per barrel, and natural gas prices will increase to over $5,000 per barrel.
The former head of state also expects the European Union (EU) to collapse after the United Kingdom rejoins the bloc. He believes that the euro will fall out of use, and France and Germany will clash while Hungary and Poland occupy parts of Western Ukraine.
Although these predictions may seem far-fetched, Medvedev is not the only one to make such predictions. Other world leaders, economists, and financial analysts have expressed similar beliefs about what the future holds for the global economy.
At the end of the day, only time will tell if Medvedev’s predictions will come true. However, his “humble contribution” to the “wildest predictions” ahead of the New Year has certainly sparked conversation about the future of the global economy.