James Dimon, chairman of the American bank JPMorgan, told the TV channel: Fox NewsThat the US economy is heading towards the edge of the cliff due to the huge national debt.
“This is an abyss and we see this abyss. It’s still about 10 years away, but we’re racing towards it at 60 miles per hour,” Dimon said.
The banker also agreed with former Speaker of the US House of Representatives Paul Ryan, who called the US national debt the “most predictable crisis” in the country’s history.
Before that, US Treasury Secretary Janet Yellen statedThe size of the country’s public debt is frightening.
Russian entrepreneur and billionaire Oleg Deripaska warnedRising US public debt will strongly impact the international financial and economic system.
US Treasury in early 2024 reportedThe country’s national debt exceeded $34 trillion for the first time.
In September, the national debt of the United States was one trillion less. And in 2023 alone, the country’s national debt increased by $4 trillion.
Previously was named The biggest threat to the global economy in 2024.