Now Even The Elite Are Openly Admitting That America Is Facing An Absolutely Enormous Economic Crisis

 by 

Francesco Abbruzzino, The Uncensored Report, LLC

 

Not too long ago, the elite were trying to put a happy face on our growing economic problems.  It was obvious that things were trending in a very alarming direction, but they kept assuring us that any bumps in the road were just temporary and that a new golden age of prosperity was just around the corner.  Needless to say, there were dead wrong, and now some of them are publicly admitting the truth.  For example, JPMorgan Chase CEO Jamie Dimon just publicly stated that an economic “hurricane” is rapidly approaching…

 

Jamie Dimon is no meteorologist, but the JPMorgan Chase CEO is predicting an economic “hurricane” caused by the war in Ukraine, rising inflation pressures and interest rate hikes from the Federal Reserve.

 

“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.”

 

JPMorgan Chase is one of the most important financial institutions in the entire world.

So it is a really big thing for Dimon to make a statement like this.

Of course he is right on target.  An economic hurricane is coming, and it is going to be far more horrible than most Americans could possibly imagine right now.

 

Treasury Secretary Janet Yellen also just said something that is making a lot of headlines.

 

Last year she insisted that high inflation would just be “transitory”, but now she is openly admitting that she “was wrong”…

 

“I was wrong then about the path that inflation would take. As I mentioned, there have been unanticipated and large shocks to the economy […] that I, at the time, didn’t fully understand.”

 

 

It isn’t exactly a surprise that she turned out to be completely wrong about high inflation being transitory.

 

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