JPMorgan Chase CEO Jamie Dimon has just given a big warning for the state of the American economy.
During an event organized by the Ronald Reagan Presidential Foundation, Dimon told Regulators who have been printed the full effect of all the money that has been printed since 2020 can still be seen.
“You are going to see a crack in the bond market. It will happen. And I will tell my regulators, some of you in this room, I tell you that it will happen and you will panic.
I’m not going to panic. It will be fine. We will probably earn more money, and then some of my friends will tell me: “We love crises because it is good for JPMorgan Chase.” Not really. ” ‘
Dimon says that bond -citizen guards are back and sell bonds to protest against untenable tax policy and the ballooning debt of America.
In the long term, Dimon says that he is not too worried about China as a potential opponent, and instead believes that the US should improve and erase the ‘enemy inside’.
“If we are not the leading army and the leading economy in 40 years, we will not be the reserve currency. That’s a fact. Just read the history …
We have to get our act together and we have to do it very quickly. “
Dimon says that joint effort is needed to streamline regulations, immigration, tax, health care and schools.
He also repeated his dissatisfaction with the rise of Bitcoin as a strategic reserve.
“We don’t have to save Bitcoin. We have to save weapons, bullets, tanks, planes, drones, rare earths. We know what to do.”
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