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FROM Daily Mail: JPMorgan Chase CEO Jamie Dimon has sounded the alarm about the ‘enemy within’ America, which he warned is a bigger threat than China.
Dimon claims that the United States is suffering from a worrying government ‘mismanagement’ issue which has the potential to ‘kill us’.
‘China is a potential adversary. They’re doing a lot of things well, they have a lot of problems,’ he said at the Reagan National Economic Forum on Friday. ‘ But what I really worry about is us. Can we get our own act together – our own values, our own capability, our own management?’
According to Dimon, there is general “mismanagement” occuring at all levels of government, and it’s detrimental to the nation’s future.
“The amount of mismanagement is extraordinary – by state, by city, for pensions, and that stuff is going to kill us,” he said at the forum.
Dimon said a “crack” is appearing in the bond market due to national debt.
“You are going to see a crack in the bond market. It is going to happen,” Dimon warned. “I’m telling you it’s going to happen, and you’re going to panic. I’m not going to panic. We’ll be fine. We’ll probably make more money.”
“A ‘crack’ in the bond market occurs when investors lose confidence in the government’s ability to service its debt,” Daily Mail explains. “Bonds are sold, yields go higher and the cost of borrowing increases for all Americans, including the government itself.”
America’s top banker Jamie Dimon issues chilling warning about the country’s ‘enemy within’ | Daily Mail Online https://t.co/Cz1vmKG5oq
— KellyAnneCheek (@kellyannecheek3) May 30, 2025
READ MORE at DailyMail.
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