Glenn Beck has been sounding the economic alarm for months, trying to warn Americans of an impending financial crisis. Now, it looks like JP Morgan Chase & Co. CEO Jamie Dimon is doing the same, and in no uncertain terms.
Dimon said on Wednesday that an economic "hurricane" is coming our way, and warned investors "you better brace yourself.”
"I said there were storm clouds. But I'm going to change it. It’s a hurricane," Dimon said during a financial conference sponsored by AllianceBernstein. "Right now it’s kind of sunny, things are doing fine, everyone thinks the Fed can handle it. That hurricane is right out there down the road coming our way. We don’t know if it’s a minor one or Superstorm Sandy. You better brace yourself."
"So, I've been telling you what's coming," Glenn Beck said on the radio program Thursday. "Jamie Dimon from JPMorgan Chase said ... in his quarterly reports that 'storm clouds are gathering.' He changed that yesterday. He said these aren't storm clouds. This is a hurricane. And you had better batten down the hatches. A hurricane, a financial hurricane is coming."
Glenn also warned that the looming financial crisis goes far beyond high prices. The far left is creating an "emergency" in nearly every sector of our society —an energy crisis, a food crisis, a climate crisis, a money crisis, a housing crisis, a crime crisis, and more — and it’s all part of its plan.
As we all should have learned from the COVID-19 pandemic, "national emergencies" mean massive government power grabs, and the Biden administration isn't exactly working to make sure it never happens again.
"America, you should know, crisis is just around the corner. Do you trust the administration? Because it could be anything," Glenn said. "Just remember, when you have 'national emergencies' — as I thought we all learned with COVID, but ... no states are taking that up and saying, 'never again.' So, what do you think they're going to do next time? Nobody has risen up and said, 'Stop it. Right now.' The gap between a republic or a democracy, and a dictatorship, it's really not as wide as we thought."
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