this post was submitted on 03 Jun 2025
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[–] Wheaties@hexbear.net 9 points 2 months ago

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?