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JPMorgan CEO Warning: The USD May Lose Its Crown!
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Jamie Dimon, CEO of JPMorgan, has issued a shocking warning: The USD may lose its global dominance if two events occur:
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Domestic Instability in the U.S.: National debt surpassing 35 trillion USD, increasing political division, shaking trust in the USD.
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U.S.-China Tensions: The de-dollarization trend from BRICS promotes transactions in CNY, such as the China-Saudi Arabia oil deal.
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Signs of Weakness:
The USD in foreign exchange reserves has decreased from 73% (2001) to 58% (2022).
The mBridge payment system removes the USD from international transactions.
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But is the USD still strong? A deep capital market and transparent legal framework help the USD maintain its throne... at least for now!
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What do you think? Will the USD hold strong or step aside? Join the discussion!
