JP Morgan CEO warns of ‘powerful forces’ threatening U.S. economy into a recession

fortune vs msn ^ | 4/14/2022 | Tristan Bove

[RomanSoldier19]

amie Dimon is changing his tune on the chances of a recession hitting, as even America’s biggest banks seem powerless to stop the forces at play.

One year ago, almost to the day, the JP Morgan CEO issued a bubbly, confident forecast for the global economy going into 2022 and 2023. In his annual letter to shareholders, Dimon called the confluence of readily available vaccines, high consumer savings, and a likely big increase in public spending a “goldilocks moment” for the U.S. economy.

“It’s a lot of money, and it’s bound to cause a booming economy,” Dimon said last April in an interview with the Wall Street Journal.

But even for Dimon, that goldilocks moment is now beginning to look less and less like a fairytale.

Speaking to reporters on Wednesday, Dimon said that the ongoing war in Ukraine, high inflation, and the Federal Reserve’s hawkish stance on monetary policy, could combine to significantly increase the chances of a recession.

[RomanSoldier19]

[MercyFlush]

“Powerful” forces? How about “stupid Marxist” forces?

[Vision]

Powerful forces like the government not artificially propping it up anymore/less?

[Roman_War_Criminal]

Powerful corrupt gov’t forces

[Rural_Michigan]

Yes and I’m sure he’s part of it

[NWFree]

He doesn’t know anything about President Retard wrecking our economy from the get go 🤪

[RomanSoldier19]

[Paladin2]

I think JPM might be one of those forces.

[joma89]

Thanks for that chart. We are scouring Tennessee next week.

[ProtectOurFreedom]

Unnamed "Powerful forces." Can't name names of the evil upon the land for fear of reprisal. Inflation didn't happen without these architects.

[know.your.why]

“Powerful” forces? How about “stupid Marxist” forces?

You said it better than I what I was going to say: Powerfully stupid selected president and administration.

[Flavious_Maximus]

Stolen elections have catastrophic consequences.

[AnthonySoprano]

.
They don’t go a week without sending Billions to Ukraine

Why hasn’t a single Network or Organization told us how much Joe Biden has spent per day of his Presidency?

Per day

They are protecting him.

This level of spending has never been seen before in mankind.

.

[Seruzawa]

Really. Does he have a mirror?

[Bratch]

Fed Governor Christopher Waller Predicts We Have Reached Peak Inflation, Here Is What they Will Not Say

April 13, 2022 | Sundance | 150 Comments

Fed Governor Christopher Waller appeared on CNBC to announce we have reached peak inflation, and things will moderate from here.  All of these fed moves are political moves, not monetary policy-based moves. Here’s the thing they will never admit to the non-institutional investor.

The fed has been painfully slow to raise interest rates on purpose.  They did not make a mistake.  The reason for their delay is they needed to wait for the beginning of the first 2021 inflation wave to cycle through before they raised interest rates.  It’s a game of mirrors that almost no one sees.  WATCH:

We might be at the peak of inflation, says Fed Governor Christopher Waller

The rate of inflation will drop once the statistical year-over-year comparisons reach the same moment in the prior year.  The fed will raise interest rates in May and then use the June inflation rate decline as a false talking point to highlight how their policy is working.  They wait for May, because they need to wait for the calendar, nothing else.  Inflation is measured as the percentage of change from the prior year.  By waiting until the inflation is measured against the first wave of rising prices, it will give the illusion of a decline in inflation.

So that’s why they waited.  But here’s the worse part….

All of these U.S. Fed monetary policymakers are in full ideological alignment with the global and central bankers.  They are all following the same Build Back Better agenda and policy instructions.

All of bankers know the shift from ‘dirty energy’, coal, oil, natural gas, will create inflation.  All of the bankers know there is no economic bridge within the plan to shift from oil to their unicorn dust.  All of the bankers know that shutting down oil exploration as a matter of western unified policy will, as a factual matter, destroy the economic systems that rely on energy….. which is to say everything.

All of these bankers know the severity of the inflation crisis this energy shift creates.   None of them do not know.

Everything they are doing is coordinated to assist the climate change agenda.

That’s what this is all about.

Everything is politically motivated.

[C210N]

This level of spending has never been seen before in mankind.

80% of all US dollars in existence were printed in the last 22 months (from $4 trillion in January 2020 to $20 trillion in October 2021)

[ProtectOurFreedom]

Yet those billions are trivial compared to the TRILLIONS they showered onto all of us after shutting down the economy for so long. That was the stupidest thing possible. It takes politicians to make such monumentally stupid decisions.

We got a few bucks, but now we have $5,000 to $10,000 higher annual expenses for YEARS.

Damn all of them.

[AnthonySoprano]

.
And you are like .0001 of the US population that is aware and cognizant of this force that will dominate the US for generations to come.

[Paladin2]

I see that arc of the Global Economy v. time in that graphic they all stand in front of.

[C210N]

The FED is going down, the fiat dollar is going down. Regardless of how many people do or do not know it’s happening (it’s in progress - already started).

Everybody will know... only question is how they find out. Either NOW by research, digging, going down the rabbit hole, taking the red pill, etc. Or, for most, instead of the red pill, getting the red suppository, later.

I recently read a quantification of how many americans own real money, as in how they will transition with the current wealth in terms now with fiat. It’s like 2% of Americans.