Dimon outlined two crucial conditions that must be met to safeguard the US dollar’s position:
Effective Financial Management: The US government must demonstrate effective management of its finances. This includes addressing national debt levels and ensuring the sustainability of social safety nets such as pensions.
The deficit hawking is nothing, but it’s interesting to see he’s noticed that its a problem when your workers can’t reasonably expect to retire.
Geopolitical Stability: The US must maintain its preeminence in global military and economic affairs. Dimon warned that failure in these areas could lead to diminished confidence in the dollar, pushing countries to consider alternative currencies for reserves.
Keep chasing that high, baby! What could possibly go wrong? Docha’ wanna be on top? Doncha wanna be
Preeminant?One of his reasoning is wrong though. The issue isn’t fiscal sustainability or whatever. Their fake concern about fiscal sustainability is only to promote austerity and push people into more private debt. Their only issue with the big beautiful bill is that the spending cuts wasn’t large enough.
But Trump’s tariff shocks, U.S. freezing reserves of other countries, sanctions, threats of voluntary default, threats of capital controls are the main threats to the Dollar.
At least for now, countries still want to export to the US and accumulate USD financial assets.
who the hell is jamie dimon
Seriously - He’s part of the investor elite club. Head of JP Morgan Chase.
He’s had a hand in Citigroup, major DNC briber, and holder of
finances.woah so no deep money ties whatsoever very valid insider information that he does not have an vested interest in people buying
I think he is the guy joe rogan has look up all his videos and internet bullshit on his podcast
ohhhhhhh
He knows because he’s the one responsible for it. Fuck this mother fucker.
