JP Morgan Warns of US Debt Crisis As BRICS Nations Challenge Dollar Dominance
- JP Morgan issued a major warning about prospects of the US economy and dollar
- They noted the $34 trillion debt plaguing the US economy and threatening markets
- They said the US economy is now like a "boiling frog", heading towards catastrophe
- Warning comes as BRICS looks to topple US dollar's global dominance
- JP Morgan warning coincides with BRICS' de-dollarization efforts, posing another risk