China News Daily Official TheBitTimes.com

The US economy is currently feeling intense pressure, weighed down by ballooning metrics and indexes indicating its rapid decline. For instance, the US debt metrics have hit $37 trillion recently, derailing the US economy and its planned trajectory. In addition to this, the rising rapid inflation coupled with the US dollar’s constant erosion is also adding more pressure to the US economy. In its wake, a new development has taken control of the market where the federal workforce seems to have been shrinking, alarming the US economy of a potential economic change. Should you be worried? Let’s find out. Also Read: US Economy: Graduate Job Crisis 2025 — How Bad Is It and What’s Next? Staggering Stats Indicate US Federal Workforce Is Shrinking Source: Unsplash Per the latest post uploaded by the Kobeissi Letter, the US federal workforce is encountering a serious toll, as its workforce seems to be shrinking with each passing day. The portal stated how government jobs are falling at a ra...

President Donald Trump has changed the course of the markets by levying heavy tariffs on nations, which is now compelling the nations to de-dollarize. By de-dollarizing or exploring de-dollarization, nations like China have already issued commands to reduce US purchases, ushering in reduced dollar dependency narratives. This instance is not new, as the world is now increasingly pivoting to a new financial order where local currencies lead the way, all while trying to jeopardize the dollar’s reserve asset stance. As the US dollar continues to weaken, here’s what BitMEX’s Arthur Hayes has to say about the US dollar and its future. Also Read: Trade War Begins: 3 Things Investors & Entrepreneurs Need To Know Arthur Hayes Speaks About The US Dollar Source: Medium Former BitMEX CEO Arthur Hayes has shared his new statement about the changing narratives concerning the US dollar. In a recent X post, Hayes states how he believes it’s the end of US treasuries and US stocks...

America’s largest bank JP Morgan has issued a major warning about the prospects of the US economy and the dollar. The global leading bank took note of the $34 trillion debt that’s plaguing the US economy and threatening the markets. The bank warned that the US economy is now like a “boiling frog” waiting for a catastrophe to happen. JP Morgan ’s negative outlook about the US economy and the dollar comes at a time when BRICS is looking to topple its global supremacy. Also Read: 30 New Countries Ready To Join BRICS in 2024, Confirms Russia For the uninitiated, the term boiling frog is a metaphor used to describe the failure to act against a problematic situation. The syndrome eventually increases in severity until reaching catastrophic proportions and the US economy is headed in the same direction. Read here to know how many sectors in the US economy will be affected if BRICS stops using the dollar. Also Read: BRICS: Morgan Stanley Downgrades The...