Jamie Dimon UNLOADS on Trump’s Economy, US Debt, and Green Energy Grift

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Jamie Dimon dropping some truth bombs. Yeah, the old gap band. He dropped the bomb on me. No, Jamie Dimon dropping bombs. Sounding like he wanted to run for president, quite frankly, in this interview that was conducted on Friday. First and foremost here, he delivered a dire warning for the markets predicting a crisis.

unless the United States steps up to address our spiraling national debt. He is not wrong. And I quote, you’re going to see a crack in the bond market. This it was actually was that the Reagan National Economic Forum. It is going to happen again. Bond markets have been wobbly as of late.

Again, we’re talking about our big beautiful bill. See, if the big beautiful bill was really a beautiful bill, then the bond markets would actually be cheering it. You’re gonna make it. well, yeah, bond market will kick your ass up and down the highway 10 times over. Okay, that’s the reality. That’s our borrowing costs. And we’re borrowing the type of money we have. Bond markets don’t like it. Our interest rates go up. They can throw the entire big beautiful bill into the…

freaking sewer for crying out loud as far as your borrowing costs are concerned. Meaning what? Meaning they’re going to have to print tons of money, which means inflation is going to go through the roof and you’re going to be paying more for stuff and you’re going to be poorer. Again, I’ve talked about this at great length, but unfortunately a major swath of the country, whether it be the far left or the MAGA types out there, yeah, they have no problem being a part of the conspiracy to keep people poor and stupid.

They don’t like using their head. Bond market’s getting jittery. Last time you saw it happen to sovereign nations, you want to go back to the European debt crisis. And you want to see what certain countries had to do to deal with that, the type of austerity that they had to take on, the type of cuts that people had to take to their government checks and their pensions. Massive. Anyway. Some of the other things that that diamond

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talked about and he again talked about he doesn’t, well, in regards to the debt bomb, doesn’t know if the crisis is gonna be in six months or six years, but it’s out there. It’s going, it will happen. Again, it’s like watching a slow motion train record, knowing what the future holds, being able to actually do something about it and not.

Not doing a damn thing. I’ve written about this before. I have columns in regards to Social Security, Medicare, Medicaid, or national debt. call that an accelerating detonator. You know, it’s like those MacGyver movies where they’re messing around with a bomb and they tinker with it. All of a sudden, the clock goes even faster. That is our debt problem at this point in time. He also talked about the United States and being the world reserve.

currency. And here’s the quote, if we are not the preeminent military and the preeminent economy in 40 years, we will not be the reserve currency. He said, people tell me we are enormously resilient. So I agree with that. I think this time is different. This time we have to get our act together and do it very quickly. Again, he talked about China as a potential adversary. But he said what really worries him

is it’s not China. say again, echoing the very same sentiments that we’ve been talking about here on the program, it’s our own act. Can we get our act together, our own values, our own capabilities, our own management? I don’t know.

I don’t know. got a lot of boogeyman out there that we’re blaming for America’s problems. Trump does this well. I don’t blame this one. And this country’s been taking advantage of us. And China’s been taking advantage us. And this one, we were getting screwed over by this one that one.

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You know, certain countries may screw us over at certain trade deals and certain things need to be dealt with, but we’ve got our own problems to deal with. Maybe we stop worrying about who’s screwing us over and why don’t we just do a better job here in this country. We talked last week about student loan debt, the state of education here in the country, the fact that we left our borders wide open. We can go on and on and on down the list. Things that we need to do, getting rid of burdensome

regulations getting animal spirits back into the economy. Go out and compete. Go out and compete and stop whining.

Stop whining. I’ll take you back to when I coach. I remember, know, having, being at tournaments, you lose a close game, lose a close game. Again, you know, we’d go down to play in Maryland and again, it’s rivals, Long Island versus Maryland. And to be quite honest with you, we didn’t get many calls down there. And the referees would, you know, take us off. I’d warn the kids ahead of time. I said, you’re Maryland, guys. You’re not going to get many calls.

And if we lost a close game, it was our rival down there, Maryland’s Baltimore Crabs. It’s ref’s fault. I’m like, no, it’s not the ref’s fault. It’s our fault. Okay, you come down here knowing that you’re not gonna get the calls. Guess what? Okay, you’re gonna have to play better. You’re gonna have to overcome that. That’s just the reality. Sometimes things aren’t fair. It is what it is. Move on.

Again, we’re not doing that. We’re looking for boogeymen, we’re looking for people to point the finger at when we have our own problems. Diamond also mentioned in his interview that, again, I agree with this, the US should absolutely be taxing carried interest. We shouldn’t be allowing for state and local tax deductions. Again, here’s a guy that benefits from it, right? He lives in New York, but again, it doesn’t make any sense.

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went off on immigration. What the hell were we doing? They talked about wages here in this country. The bottom 20 % of our population’s wages haven’t gone up in 20 years. Yeah, why? Inflation. it. Inflation, valued money. Your wages are not going up. You’re on a treadmill. You’re running to stand still. And he also went off on all the green crap that was pushed by the Biden administration that he knew wouldn’t work.

He said, we knew all that green stuff wasn’t gonna work. As I said, you didn’t think that, I try to explain this. I try to explain this again and again and again, but the people on the left, you’re morons when it comes to this stuff. If your idea is so great, if your green company is so fantastic, you don’t think guys like Jamie Dimon at JP Morgan or the folks over at Goldman Sachs,

or Morgan Stanley, you don’t think their investment bankers would be all over that idea. They wouldn’t need a subsidy. They wouldn’t need a handout. They’d be like, we’ll do it. They’re always looking for good deals. That’s what they do. Okay. That’s what they do. But again, all of these companies were crap. Okay. And they needed government support. They weren’t going to work. Well, they didn’t work anyway. That’s again, unsustainable. They talked about, you know, how all these stupid companies that

The government subsidizes. Meanwhile, at the same time, our schools are horrible. Diamond dropping truth bombs here, there, and everywhere. Question is, is anybody going to listen? Watchdog on wallstreet.com.