JP Morgan CEO: 'Brace Yourself For Hurricane' Economically - Energy And Food Crisis Stem From Globalists Policies

JP Morgan CEO Says A ‘Hurricane’ Is Coming For The U.S. Economy: ‘Brace Yourself’ (VIDEO)

Mike LaChance 

While speaking to investors and analysts, JP Morgan CEO Jamie Dimon recently said that a hurricane is coming to the U.S. economy.

Words like these are not encouraging for the millions of Americans who are already struggling financially, but this is the reality we are facing.

Jamie Dimon says ‘brace yourself’ for an economic hurricane caused by the Fed and Ukraine war

JPMorgan Chase CEO Jamie Dimon says he is preparing the biggest U.S. bank for an economic hurricane on the horizon and advised investors to do the same.

“You know, I said there’s storm clouds but I’m going to change it … it’s a hurricane,” Dimon said Wednesday at a financial conference in New York. While conditions seem “fine” at the moment, nobody knows if the hurricane is “a minor one or Superstorm Sandy,” he added.

“You’d better brace yourself,” Dimon told the roomful of analysts and investors. “JPMorgan is bracing ourselves and we’re going to be very conservative with our balance sheet.”

Beginning late last year with high-flying tech names, stocks have been hammered as investors prepare for the end of the Federal Reserve’s cheap money era. Inflation at multidecade highs, exacerbated by supply chain disruptions and the coronavirus pandemic, has sown fear that the Fed will inadvertently tip the economy into recession as it combats price increases…

“Right now, it’s kind of sunny, things are doing fine, everyone thinks the Fed can handle this,” Dimon said. “That hurricane is right out there, down the road, coming our way.”

It’s a little scary to hear a leader in the financial world say things like this.

How bad are things going to get?

Food, Fuel, & Inflation Crises All Stem From Globalist Policies

Patricia Adams and Lawrence Solomon

The global elites left Davos last week after grappling with solutions to the profound crises facing the world. They left as they arrived, unaware that the crises are entirely of their own making.

Take energy, where shortages have led to the highest gasoline prices in the U.S. and UK history and to fuel poverty affecting millions of people. If not for the specter of climate change—for decades one of the globalists’ central preoccupations—the world’s energy situation would be radically different.

Canada’s tar sands wouldn’t have been demonized and the country would have built the Keystone XL Pipeline and other pipelines to transport ever greater quantities of energy across the continent and beyond.

Liquefied natural gas facilities on the Atlantic and Pacific coasts of Asia, the Americas, and Europe would have been built to ship and receive plentiful natural gas.

“Net Zero” policies wouldn’t be crippling the financing of new fossil fuel facilities. Carbon taxes wouldn’t be making energy ever more expensive.

In the same way that the United States quickly became the world’s largest oil and gas exporter once the Trump administration scaled back crippling climate-related regulation, Europe would have been awash in energy had bans on fracking and offshore fossil-fuel development been lifted to allow development of its immense oil and gas reserves. Instead of fuel poverty, Europe would be experiencing fuel plenty.

The globalists pushing climate change policies tell us there is no choice if the planet is to be saved from catastrophe many decades if not centuries from now. What they don’t tell us is that their prophecies of doom are based on computer climate models, all of which have proven false to date.

Not a single claim—whether that the Arctic ice caps would melt or polar bear populations would decline or tornadoes would increase—have materialized. Reasonable people can dispute whether the prophecies of doom will materialize in the future. Reasonable people cannot dispute that the globalists’ past decisions to override the free market have created today’s energy crisis.

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