Comments by "BrickTop" (@bricktop7803) on "JP Morgan Warning About Debt Collapse" video.

Dimon was saying in May that mortgage rate could be as much as 10% by the end of the year. We thought is was a wild exaggeration! Now it seems a definite possibility. The Israeli/Palestinian conflict is a lot worse than imagined as well. Already Qatar are considering halting oil and gas exports to Western countries, which is a problem, they produce 75% of global LNG products. This is like a Gulf of Tonkin engineered conflict. It happened as Winter approaches in the Northern Hemisphere and will reduce the Western Developed countries economies to dust. This is NOT good. Dimon was playing the geopolitical tensions down this time. The next 6 months are going to be hell for the US and Europe.
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It always was impossible. Unfortunately, when the economy suffers like it is NOW, its not going to be good at all. Shortly, there will be a lot of hungry people out there with no jobs and lots of guns. Hunger does not produce good hosts...
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