Dollar Failure

Jamie Dimon Says Mounting US Debt Will Eventually Spark a ‘Rebellion’ in Global Markets

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That’s because $7.6 trillion of US government debt is held by foreign entities in countries like Japan and China. Mounting US debt will eventually spark a “rebellion” in markets around the world, JPMorgan CEO said. “It is a cliff. We see the cliff. It’s about 10 years out. We’re going 60 miles an hour,” Dimon […]

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De-Dollarization Will Be a Vicious Cycle as Hyperinflation Leads to Higher Rates That Will Further Erode the Greenback’s Power, Think Tank Says

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De-dollarization could lead to a vicious cycle of economic destruction, according to an Australian economic think tank. That’s because waning use of the dollar could bring on hyperinflation, researcher Michael Roach said. Hyperinflation could lead to higher interest rates, which will weigh on asset prices, according to Roach. This outlook is furthered by speculation that

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Fitch Cuts US Credit Rating a Notch From AAA to AA+

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Ratings agency Fitch on Tuesday downgraded the U.S. government’s top credit rating to AA+ from AAA, citing an expected fiscal deterioration over the next three years as well as a high and growing general government debt burden. “In Fitch’s view, there has been a steady deterioration in standards of governance over the last 20 years,

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The Dollar Failure: Challenges of a Shifting Global Reserve Currency

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The BRICS bloc of countries are working on the creation of a new gold-backed currency that could potentially shift the global economic landscape.  They seek to establish a currency partially backed by gold, challenging the US dollar’s dominance. How long this takes remains uncertain, the implications for savers and retirees in the US could be

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Federal Reserve’s ‘FedNow’ Launch Triggers Fresh Speculation Over Digital Dollar

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But experts say the new system could lay the groundwork for the infrastructure needed for a potential central bank digital currency (CBDC) in the U.S. “This is a payment system, not a digital token or a CBDC, but it is something that can be used to facilitate the creation of a CBDC,” said Jim Bianco,

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