The U.S. economy is currently in the midst of a full-blown meltdown according to one of the greatest investors ever, Carl Icahn – and he says President Joe Biden is to blame!
The billionaire investor is sounding the alarm over the very dangerous path he sees our economy heading down. “The system is breaking down, and we absolutely have a major problem in our economy today,” Icahn said to CNBC, while labeling the United States as “one of the worst countries in the world as far as corporate governance.”
According to Icahn, the current leadership in the White House could bring about the END of the American Empire – meaning we have a leader so HORRENDOUS that he could almost singlehandedly bring down the country.
Icahn warned that inflation, fueled by careless Democrat spending, is CRUSHING us. “Inflation is the worst thing an economy can have, and I think people underrate that,” he said, adding that, historically, “every hegemony has been destroyed by inflation.”
But there’s much more wrong with the economy than just inflation. Icahn says that one of the “major problems” is that “you do feel that in Washington nobody knows what’s really going on.”
The billionaire investor is admitting that the senile old man in the White House is DESTROYING the American economy!
In a separate interview, Icahn said that money printing has led to major problems, and even said that it contributed to the collapse of Silicon Valley Bank.
“I think the banking crisis is something that you might expect in Silicon Valley Bank. There’s so much money floating around in the system,” he said.
“There’s just too much cash. By definition, if you keep printing out money … If we have too much money floating around in the system, you’re going to have inflation by definition,” he said.
The collapse of SVB marked the second-biggest bank failure in U.S. history served as an indicator of how bad things truly are when you enact Democrats’ policies.
But the White House is still playing dumb, arguing they have nothing to do with the economic fallout that’s before us!
White House National Economic Council Deputy Director Bharat Ramamurti appeared on MSNBC to deny that Biden should be blamed at all for the collapse of SVB.
He said that if Joe were to blame, “you would see many, many banks facing this kind of situation.”
But that’s exactly what we’re seeing! The entire system is on the brink of collapse and if not for the FDIC backstopping the deposits, Banks would be failing left and right.
Ramamurti of course, tried to somehow blame former President Donald Trump for the failure of the Woke bank – claiming that Trump’s administration was on their side.
“I just want to emphasize that the CEO of Silicon Valley Bank…during the Trump administration, personally lobbied for looser rules on banks like his, and the Trump administration listened. And that played a role in why we’re here today.”
The White House is FULL OF IT! They’re lying through their teeth even as the economy crumbles before our eyes.
4 thoughts on “Billionaire Investor Carl Icahn Warns America’s Economy is in the Midst of a Collapse – Blames Joe Biden”
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