politics

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.

He knows because he’s the one responsible for it. Fuck this mother fucker.

who the hell is jamie dimon