JPMorgan Chase CEO Jamie Dimon is predicting an economic “hurricane” caused by rising inflation pressures, interest rate hikes from the Federal Reserve, and of course, the Russian/Ukrainian conflict. Dimon says to brace yourself because the worst is yet to come.
“Right now it’s kind of sunny, things are doing fine. Everyone thinks the Fed can handle this,” Dimon said at a Bernstein conference. “That hurricane is right out there down the road coming our way. We just don’t know if it’s a minor one or Superstorm Sandy. You better brace yourself,” Dimon said, adding that JPMorgan Chase is preparing for a “non-benign environment” and “bad outcomes.”
According to a report by CNN Business, Dimon says the central bank and the thugs that run it controlling the world through fiat currency, are out of options. Dimon said that the economy is “distorted” by inflation caused by the ruling class, which includes the central banks. He’s also worried that the Fed is starting to unwind its bond portfolio, a process known as quantitative tightening, and at the same time, it is raising interest rates. That’s something that the market is not prepared for, Dimon said, adding that people will be “writing about [this] in history books for 50 years.”
And he’s probably correct considering the end game is complete totalitarian control and permanent slavery of the entire human race by central banksters and the ruling classes of the world.
Jamie Dimon is one of these rulers, and so his warnings should be taken with a grain of salt. He may be attempting to panic the public into compliance and get them to accept the digital currency out of fear.
If it was a hurricane, I would tell you that,” Dimon said at the analyst meeting, adding that current conditions also aren’t like the “tsunami” that banks faced in 2007 and 2008 when the mortgage market was melting down and several large financial institutions collapsed.