JPMorgan CEO Jamie Dimon warns Europe is falling dangerously behind America economically… and blames anti-business, anti-investment, and anti-innovation policies. 🇺🇸🇪🇺
“If you don’t believe me, go to Europe, folks. Europe used to have a GDP per person of 90% of America’s. It’s now 65%. It’s on its way to 50%.
That will jeopardize the health of Europe itself over time.
And it’s all anti-business, anti-investment, anti-innovation. They kind of know it.
If they don’t fix it—and we should help them fix it, because Europe matters—it’s really bad for the Western world, too.
We should do it wisely.”
Europe shift over the past three decades has proven decimating for their economy. Aging population forces mass immigration in order to maintain adequate growth. Crazy regulation and bureaucracy slows innovation and investment… forcing the economy further down. At the same time, the United States has pulled ahead exponentially and will continue to do so. Europe is struggling.
Jamie Dimon to a country that pulled its gold out of New York: you have three armies within 400 miles, while gold in America is protected by two oceans and the US military
“If we have the strongest military in the world and the strongest economy in the world, we will be the preeminent reserve currency. It is those two things.”
“I was in a country somewhere in the Middle East, and also in Europe, and the people said, we took our gold out of the vaults in New York City and moved it to our country. You know what I said to him? I said, you have three armies within 400 miles who can come take your gold.”
“That’s the real world. You’re not thinking clearly about safety. That gold is protected by the Atlantic, the Pacific, the United States military, the rule of law.”
“But if we are not the preeminent military and economy, you will see our reserve status come down.”
@JoeLange Remember the “Red Wave” that never came to furition 4 years ago?
They are voting against Socialism. not for Paxton…..Paxton is a weak candidate.
@BarackObama@KeishaForGA@ossoff The more a government is involved in an industry, the more un affordable it is… ie. Healthcare, education, energy, housing …. Can go on and on.
@Re2pectsport Watch the entire route and you’ll see the receiver was literally pushing the DB throughout the entire route… Zero seperation & created zero space plus was holding the DB’s wrist…. easy no call.