Wall Street Analyst Linda Jones Shares Insights Ripples Potential as the New Federal Reserve

Wall Street Analyst Linda Jones has suggested that Ripple could play a role similar to that of the Federal Reserve in the emerging financial system, according to a recent episode of the Good Morning Podcast. The discussion centered around the BRICS coalition’s efforts to move away from the dominance of the US dollar and the potential impact on the US economy.
Jones made it clear that the BRICS coalition is not against the US itself, but rather against central banks and the single currency dominance that currently governs the world. She emphasized the coalition’s opposition to the Federal Reserve’s control over the global economy through the US dollar.
Jones speculated that a new US currency could emerge, potentially backed by gold or other assets. She stressed the importance of a financial system supported by tangible assets, highlighting the need to move away from the current fiat banking system that relies on the dollar.
The analyst strongly advocates for a transition from a trust-based system managed by central banks to a truth-based system characterized by transparency.
Jones also clarified that this shift will not lead to the downfall of America. She pointed out that Ripple, an American company, is at the forefront of this new system with its XRPL Ledger blockchain.
Furthermore, she emphasized that a new currency must have accountability, contrasting Ripple with Bitcoin, whose founders remain anonymous and lack a central point of contact in case of issues.
According to Jones, it is crucial to have a known, transparent, audited, and accountable entity behind such a system, which Ripple fulfills. She jokingly mentioned that Ripple could be considered the new Federal Reserve. However, she also noted that unlike the current Federal Reserve, Ripple is privately owned and will eventually be publicly traded.
The host of the Good Morning Podcast recently shared some of Jones’s statements on X.
Jones stated that Ripple’s position would allow America to maintain its leadership role and expressed confidence that the US dollar would not completely lose its value before the transition takes place, as such a collapse would pose a national security concern. Ultimately, the analyst envisions a parallel system where various financial systems operate on the XRP Ledger.