Druckenmiller: USD Losing Reserve Status

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In an interview this morning on CNBC’s “Squawk Box,” legendary investor Stanley Druckenmiller gave his view on the dollar’s stance as the world reserve currency and the current U.S. fiscal and monetary policy. Druckenmiller did not hold back his views on what the massive amounts of liquidity meant for the bond market, or the U.S. and its position as the incumbent world reserve currency.

“I am comfortable with it [the dollar losing reserve currency status], that is my central case,” he said.

Druckenmiller referred to the Federal Reserve’s continued monetization of the U.S. Treasury market, and the effects that the yield suppression was having on credit markets and the financial system more broadly.


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