Biden Causes Economic Hurricane
We need new leadership.
It has now been revealed that J.P. Morgan Chase chief Jamie Dimon now strongly believes that the United States is about to face an economic hurricane that will tear through the middle class.
According to Axios, Dimon warned, “I said there were storm clouds, big storm clouds. It’s a hurricane. Right now it’s kind of sunny, things are doing fine, everyone thinks the Fed can handle it. That hurricane is right out there down the road coming our way. We don’t know if it’s a minor one or Superstorm Sandy. You better brace yourself.”
Dimon believes that the Fed’s plan to shrink its balance sheet which is often called quantitative tightening (QT) will bring shocking new economic risks.
Dimon explained, “We’ve never had QT like this, so you’re looking at something you could be writing history books on for 50 years.”
Joe Biden’s presidency has been a nightmare, to think that his mere 4 years could bring decades of economic pain on the United States is truly worrisome.
