Wall Street Analyst: Ripple is the new Federal Reserve in the emerging financial system

Wall Street analyst Linda Jones has suggested that Ripple could play a role similar to that of the Federal Reserve in the anticipated new financial system. Jones expressed this sentiment on a recent episode of the Good Morning podcast. Discussions focused on the BRICS alliance’s attempt to move away from the dollar standard and its potential impact on the U.S. economy.

She argues that the BRICS alliance is not against the United States but against central banks and a single currency that dominates the world. She claimed that the alliance opposed the Federal Reserve System's control of the global economy through the dollar.

Jones speculated that a new U.S. currency could emerge, perhaps backed by gold or another asset. She stressed the need for a financial system backed by real assets, noting that the world must move away from the current fiat banking system that relies on the U.S. dollar.

In essence, the analyst advocates a shift from a trust-based system managed by central banks to a fact-based system characterized by transparency.

Ripple is like the new Federal Reserve System

At the same time, Jones clarified that this systemic change does not mean the end of America. First, she stressed that the American company Ripple is at the forefront of this new system and that it utilizes the XRP Ledger (XRPL) blockchain.

She explained that a new monetary system without accountability cannot work, and contrasted Ripple with Bitcoin, noting that Bitcoin’s founder is a pseudonym and lacks a central point of contact in case of problems.

Jones stressed that such a system requires a known, transparent, audited and accountable entity. According to her, Ripple meets these criteria.

In this context, the Wall Street analyst humorously suggested that Ripple could be considered the new Federal Reserve System. But unlike the current Federal Reserve System, Ripple is private and will be publicly traded in the future.

Abdullah “Abs” Nassif, host of the Good Morning podcast, recently shared a clip of Jones’ remarks on X.

Furthermore, the analyst noted that Ripple’s position will allow the United States to maintain its leadership. Jones also said she was confident the U.S. dollar would not completely lose value during the transition. She stressed that such a collapse would be a national security issue.

Ultimately, the analyst believes that a parallel system will emerge where various financial systems run on the XRP Ledger.

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