US Dollar Accumulation Drops Amidst Government Threats Of Seizing Private Property

Accoridng to the latest reports, people freaked out when JPMorgan CEO Jamie Dimon said 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.” Check out our previous article in order to learn more details about this.

Billionaire Ray Dalio says countries are now less eager to buy US dollars as America faces fresh competition against China in the realm of international trade.

As noted by the online publication the Daily Hodl, it’s been revealed the fact that in a new interview on The Julia La Roche show, the investing legend says that central banks around the world are now shying away from accumulating more US dollars as they believe their portfolios are already bloated with USD.

Here’s what Dalio had to say about the matter:

“Dollars are debt. In other words, when one holds a dollar, a central bank, they hold a debt asset, and generally speaking the world is holding a lot of US dollar denominated debt, so the holders of that would say, ‘I’m already overexposed to US dollar denominated debt.’ And so there’s less of an eagerness to buy the debt.”

According to Dalio, other countries see two main risks in accumulating more USD.

Dalio said that “That eagerness to buy the debt is also reduced by two main things. One is the United States’ share of world trade has gone down and China’s has gone up, and so you save [USD] really for spending internationally for that reason.”