“The U.S. dollar is likely to go down 25 to 50% over the next five years,” says Marko Papic, Chief Strategist at BCA Research. He tells Daniela Cambone that the driving force behind this decline is less about the loss of reserve currency status and more about fading U.S. economic outperformance. Papic also points out that Trump’s tax cuts bill “does not add to growth in any way, shape, or form” and warns, “Expectations of U.S. growth are overstated, and that means the dollar is way too expensive.”

He further argues that rate cuts are becoming ineffective, as the long end of the yield curve remains unresponsive. “Everyone borrows at the long end of the curve — not the short end. So if the long end doesn’t fall, rate cuts don’t matter.” What matters now, he stresses, is fiscal and trade policy — not monetary policy.

Papic’s advice to investors: “Diversify out of the dollar — diversify out of the U.S.” Watch the full video to learn more.

The U.S. Dollar’s Dominance Is Slipping—Here’s What Comes Next
Featuring Marko Papic on The Daniela Cambone Show – Presented by ITM Trading

Is the world ready to move on from the U.S. dollar?

According to Marko Papic, Chief Strategist at BCA Research, that transition is already underway—not through a dramatic collapse, but through a steady erosion of dollar dominance driven by shifting global trade, geopolitical realignment, and misguided domestic policy.

In an insightful interview with Daniela Cambone on The Daniela Cambone Show, Papic lays out why the U.S. dollar could lose up to 50% of its value over the next five years—and what financially conservative Americans must do now to protect their purchasing power.

At ITM Trading, we’ve long helped our clients hedge against currency risk, inflation, and economic instability through physical gold and silver. This conversation reinforces the urgency of those strategies.

De-Dollarization: Real, Gradual, and Already Happening

The global share of U.S. dollar reserves has dropped from over 70% in 2000 to under 58% today. While some experts dismiss this as noise, Papic says it reflects a deeper shift:

“The dollar is still strong, but its share of global currency reserves is falling,” Papic explained. “The real risk isn’t about the dollar collapsing overnight. It’s about fading U.S. economic outperformance.”

The cause? Fiscal policies like Trump’s 2017 tax cuts and massive post-COVID spending programs that overstimulated the U.S. economy—but left no lasting growth.

The Reserve Currency Status Isn’t Ending—But It’s Weakening

When asked whether the dollar’s status as the world’s reserve currency is truly at risk, Papic clarified:

“We’ve gone from a 2.5% chance of a major dollar loss to maybe 10%,” he said. “It’s not my base case—but the risk is real and rising.”

Most importantly, the dollar’s role in pricing global assets—like oil and commodities—will persist. That’s due to “network effects” and global inertia. But the reserve status as a store of value in central banks? That’s where the erosion is occurring fastest.

For ITM Trading’s clients, that means one thing: don’t wait for an official announcement to diversify away from the dollar.

The “One Big, Beautiful Bill” Isn’t Adding Growth

Papic was blunt in his assessment of the latest fiscal legislation—nicknamed the “one big, beautiful bill”:

“This is not a pro-growth bill. It’s about keeping taxes the same. It doesn’t stimulate. It just maintains the status quo.”

The result? A 6.5% deficit with no recession—unsustainable in the long term. And that structural stagnation undermines faith in U.S. growth, which in turn weakens the dollar.

The Fed’s Cuts Won’t Save You—But QE Will Devalue the Dollar Further

While markets hope for interest rate cuts, Papic cautioned that monetary policy is no longer effective in controlling long-term rates.

“The Fed cut rates last year, but the 10-year yield went up. That hasn’t happened in 50 years.”

Why? Because borrowing happens at the long end of the curve, which the Fed doesn’t control. Only fiscal policy—or quantitative easing (QE)—can suppress those yields.

And if QE returns?

“Expect the dollar to decline,” Papic said. “Whether policymakers are prudent or reckless, the dollar is going down 25% to 50% over the next five years.”

What Should Investors Do?

Papic didn’t mince words:

• Book that European vacation now while the dollar is still strong.

• Sell U.S.-centric equities and rebalance into foreign markets.

• Diversify out of the dollar using real assets like gold.

“Everyone is 90% overweight U.S. assets,” he warned. “Now’s the time to go shopping outside the U.S.—in equities, in bonds, in currencies.”

This advice directly echoes the long-held views of David Morgan, who consistently emphasizes the role of gold & silver prices as a reflection of currency debasement and systemic fragility.

Gold: Still a Smart Bet—But Not the Only One

When asked about gold specifically, Papic remained bullish—but nuanced:

“Gold has upside, but the momentum may slow compared to the last few years.”

His advice: Use gold and Bitcoin to diversify your currency exposure, but also rebalance your portfolio into international equities and bonds, because gold yields nothing.

At ITM Trading, we agree that gold isn’t meant to replace your entire portfolio—it’s meant to protect its foundation.

A New World Order—and a New Global Balance

Papic also offered unique insight into foreign policy, calling President Trump’s 2024 Riyadh speech “the most profound foreign policy statement since George H.W. Bush’s ‘New World Order’ address in 1990.”

The key shift?

“America is no longer trying to impose its worldview on others. It’s starting to negotiate spheres of influence.”

This realignment could reduce global conflict—but also accelerate de-dollarization as nations feel more emboldened to explore non-dollar trade mechanisms.

Final Thoughts and Call to Action

Marko Papic’s central message is clear: the dollar isn’t dead—but it is overvalued and overexposed in most Americans’ portfolios.

If the dollar loses 25–50% of its value, what happens to your savings? Your retirement? Your ability to weather a market shock?

At ITM Trading, we help you:

• Acquire and store physical gold and silver—outside the vulnerable digital system

• Rebalance into real assets that preserve purchasing power

• Protect your family’s financial privacy and independence

👉 Download your free gold and silver strategy kit now at DannyReport.com
And be sure to subscribe to The Daniela Cambone Show for exclusive interviews with experts like David Morgan, Marko Papic, and more.

The dollar may still be king—but its crown is slipping. Make sure your portfolio is ready.

THINKING ABOUT PURCHASING GOLD & SILVER? Get expert guidance from our team of analysts with 28+ years of experience. Schedule a free Q&A 👉 SCHEDULE YOUR CALL HERE or call 866-351-4219.

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