Storm Clouds Over The U.S. Economy Is About To Become A Hurricane

We have all seen the direction that the U.S. economy is going in and we all know it is not good and may become something that cannot be recovered from, and remarks made by big players in the financial game, are now becoming dire warnings – it is about to be far worse than previously thought.

Jamie Dimon, J.P Morgan and Chase chief said that there were storm clouds looming a few weeks ago, hanging over the U.S. economy, he has now said that those storm clouds have become a hurricane.

“I said there were storm clouds, big storm clouds. It’s a hurricane,” Dimon said at a conference Wednesday. “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 made his comment to Bloomberg News and warned that the Federal reserves’ plan to initiate quantitative tightening or QT – a way to shrink its balance sheets – introduces new risks.

“We’ve never had QT like this, so you’re looking at something you could be writing history books on for 50 years,” Dimon added, according to CNBC.

Breitbart reported:

The Fed has said it will begin to shrink its balance sheet this month by letting maturing bonds roll off at an initial pace of $47.5 billion per month. That is scheduled to double to $95 billion a month in September.

The real reason that the economy is in such a crisis, is simply because it has been allowed to happen.

Everyone knew that shutting down businesses for the better part of two years, would have a damaging effect on the economy.

Everyone knew that handing out stimulus checks to every citizen was going to result in a huge amount of debt added to an already bloated tab.

This is not a mystery, everything that has happened since the beginning of the covid pandemic was done on purpose to undo the excellent work done by the Trump administration.

Not only that, bringing down the U.S. economy would make it far more vulnerable to its enemies, like China.

The globalists are those sitting at the top, pulling the strings – they are the Fed.

Since the Biden administration moved into the White House, things have deteriorated dramatically.

However, what appears to be incompetence – is actually a strategic, well thought out plan to bring down the greatest and most free country in the entire world – The United States – by destroying its wealth.

Make no mistake, Dimon was right, there will be a hurricane and it will be bad, and it may be every hard to ever come back.