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06/09 10:36

JPMorgan Chase CEO Jamie Dimon Warns US Dollar May

JPMorgan Chase CEO Jamie Dimon Warns US Dollar May Fail As the Reserve Currency if These Two Things Happen

The chief executive of financial services titan JPMorgan Chase is issuing a warning about the US dollar, saying that it may fail as a reserve currency under certain conditions. In a new interview with CNBC at the Reagan National Economic Forum, JPMorgan CEO Jamie Dimon says the US government is having internal problems with the management of its finances. Dimon says that unless the government gets its act together, the country risks losing its status as a military and economic superpower. “The amount of mismanagement is extraordinary. By state, by city, for pensions – that stuff is going to kill us. I always get asked this question: ‘Are we going to be the reserve currency?’ No. If we are not the preeminent military and the preeminent economy in 40 years, we will not be the reserve currency

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