Nassim Taleb expressed concerns over the implications of U.S. sanctions on Russia, highlighting that it threatens global investments in the U.S. dollar.
Taleb criticized the freezing of Russian assets as a 'confiscation', labeling it one of the biggest financial mistakes of the century that discourages investment.
He noted a significant decline in the dollar's dominance as a reserve currency, dropping from 71% in 2000 to 58% today, further exacerbated by global de-dollarization.
Taleb fears that ongoing U.S. debt and growing concerns about dollar-denominated assets may significantly harm the U.S. economy in the future.
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