Europe Has To Reduce The Reliance On US Dollar, French President Says

The French President said that Europe should focus on lowering its dependence on the US dollar. Check out the latest reports about this below.

In a new interview with Politico, President Macron says European leaders should soften ties to America and focus on staying out of a potential conflict between China and the US over Taiwan.

The comments follow Macron’s three-day trip to China and a high-profile meeting with Chinese President Xi Jinping.

When it comes to global dependence on the dollar, Macron specifically says Europe should lower its need to rely on the “extraterritoriality of the US dollar.”

“If the tensions between the two superpowers heat up… we won’t have the time nor the resources to finance our strategic autonomy and we will become vassals.”

A popular crypto strategist says a massive Bitcoin (BTC) rally to a fresh all-time high is already underway.

Pseudonymous analyst Credible said recently that he believes Bitcoin is in the early stages of a big bull run following a long bottoming out period last year.

According to Credible, Bitcoin’s price action between June to December 2022 is the longest consolidation period for BTC in the last four years.

Other than this, JP Morgan CEO Jamie Dimon says the US government may need to seize private property in order to fuel one of its most high-profile initiatives.

In a new annual letter to shareholders, Dimon made sure to explain the fact that the government agencies could evoke eminent domain and forcibly obtain private property to propel the push for clean energy.

“Massive global investment in clean energy technologies must be done and must continue to grow year-over-year.”

Dimon said that the recently passed legislation, including the Inflation Reduction Act have the potential to create more than $1 trillion in clean technology development.