[Wall Street analysts call Ripple the new Federal Reserve in the emerging financial system]

In a recent episode of the Good Morning Podcast, analyst Jones discussed the BRICS alliance’s (BRICS) attempt to move away from the U.S. dollar standard and explored the potential impact on the U.S. economy. Jones believes that the BRICS alliance is not against the United States but against the dominance of central banks and the single currency that controls the global economy. She pointed out that this alliance opposes the Federal Reserve's control of the global economy through the dollar.

Jones speculated that a new U.S. currency backed by gold or other assets could emerge in the future. She stressed the need for a financial system backed by real assets, noting that the world must move away from its current fiat banking system that relies on the U.S. dollar. She advocates moving away from the trust-based system currently governed by central banks to a truth-based system characterized by transparency.

Jones clarified that this systemic change does not spell doom for America. She highlighted that the American company Ripple is at the forefront of this new system, with the XRP Ledger (XRPL) blockchain. She explained that a new monetary system cannot operate without accountability, contrasting Ripple, whose founders are pseudonyms, and Bitcoin, which lacks a point of contact if things go wrong. Jones emphasized that such a system needs to be backed by a known, transparent, audited and accountable entity. According to her, Ripple meets these criteria.

In this context, Wall Street analysts humorously suggested that Ripple could be considered the new Federal Reserve System. But unlike the existing Federal Reserve, Ripple is privately owned and will be publicly traded in the future. Abdullah “Abs” Nassif, host of the Good Morning Podcast, recently shared Jones’s words on the X platform.

Additionally, Jones noted that Ripple’s status will allow the United States to maintain its leadership role. She is also confident that the dollar will not completely lose value before the transition occurs. She stressed that such a collapse would be a national security issue. Ultimately, analysts see the emergence of a parallel system in which various financial systems run on the XRP ledger.

#鴉快訊 $XRP @Ripple Network