At Token 2049, Zoltan Pozsar highlighted a significant shift in the global economy towards decentralization, with emerging 'Western' and 'Eastern' federations. He noted the U.S. is transitioning from a consumption-driven to a production-focused economy, posing challenges to the dollar's dominance. Pozsar also warned of economic risks in Europe, Japan, and Korea due to high interest rates and trade pressures, suggesting these factors could undermine the dollar's long-term status. Amid declining trust in fiat currencies, he recommended gold as the premier safe-haven asset.