Jimmy Damon, CEO of JPMorgan Chase, warns the US dollar as a reserve currency if these two things happen

The CEO of Financial Services Titan Jpmorgan Chase issues a warning to the US dollar, saying that he may fail as a reserve currency under certain circumstances.

In new interview With CNBC at the National Economic Forum Reagan, CEO of JPMorgan Jimmy Damon says that the United States government is facing internal problems in managing its financial affairs.

Damon says that unless the government is activating together, the country risks the loss of its position as a military and economic superpower.

“The amount of mismanagement is unusual. By the state, by the city, for pensions – that things will kill us. I always ask this question:“ Will we be the backup? ”

no. If we have not been the prominent army and the prominent economy for 40 years, we will not be the backup. This is a fact, just read history. “

Damon calls on the United States government to act with a sense of urgency and reform its internal problems if the country will remain the largest economy in the world.

“Now, I think we will be [on top]. Warren Buffett will tell you that we are usually flexible, and I agree with that, [but] I think this time is different. This time, we have to collect our work together; We have to do it very quickly. “

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