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Monica Crowley

Former Treasury Official Issues Dire Warning, Bill Ackman Fears Economic ‘Train Wreck,’ US Gov. Remains Top BTC Holder, and More — Week in Review

Former Treasury Official Issues Dire Warning, Bill Ackman Fears Economic ‘Train Wreck,’ US Gov. Remains Top BTC Holder, and More — Week in ReviewWarnings continue to pervade market and financial news this week, with Monica Crowley, former assistant secretary for public affairs for the U.S. Department of the Treasury, indicating “catastrophic” consequences if the U.S. dollar loses its status as the world’s reserve currency. In related news, billionaire Bill Ackman warned that the U.S. economy is “heading for […]

JPMorgan Chase Pays $40,000,000,000 in Fines and Settlements As US Bank Battles Hundreds of Ongoing Legal Challenges: Report

Former Treasury Official Warns of Complete Economic Implosion if US Dollar Loses Global Reserve Currency Status

Former Treasury Official Warns of Complete Economic Implosion if US Dollar Loses Global Reserve Currency StatusFormer Assistant Secretary for Public Affairs for the U.S. Department of the Treasury Monica Crowley has warned of “catastrophic” consequences if the U.S. dollar loses its status as the world’s reserve currency. “That would mean the end of the U.S. dollar,” she said, predicting that “there would be a complete implosion of the global economic […]

JPMorgan Chase Pays $40,000,000,000 in Fines and Settlements As US Bank Battles Hundreds of Ongoing Legal Challenges: Report