Next News Network

According to one Billionaire, we’re not far away from an economic collapse that will destroy America as we know and love it. This billionaire has seen it all, and in this video he’s warning us that Biden’s economy is on the verge of total destruction.

This could be the end of America as we know it. A warning from a billionaire investor says that Biden’s economy is on the verge of complete collapse, and there’s not much anyone can do to stop it. If he’s right, then this could be the beginning of a long, hard descent into poverty for millions of Americans. So what can we do to protect ourselves? Re-elect Donald Trump at all costs.

The Daily Caller writes. According to billionaire investor Barry Sternlicht, the U.S. economy will enter a major recession if the Federal Reserve continues raising interest rates to combat inflation.
Sternlicht told the outlet that the economy is “braking hard.” he added “If the Fed keeps this up, they are going to have a serious recession and people will lose their jobs.”

Sternlicht warned that more historic Fed rate hikes will cause unnecessary “cracks everywhere” in the economy, including the fragile U.S. housing market, during the fourth quarter of 2022.

In addition to CEO’s and billionaires warning Americans that prices will continue to rise Janet Yelen has recently come out and stated the same.

Next News Network reported. The Federal Reserve Chair Jerome Powell and Treasury Secretary Janet Yellen once argued that rising prices were the result of demand increases following widespread government lockdowns. However, Yellen admitted earlier this year that she had been incorrect about transitory inflation.

Sternlicht is not the only one who has been ringing alarm bells about an impending housing market crash. A number of experts have warned that the current state of the market is unsustainable and a recession could be right around the corner. If you’re worried about your financial future, it might be time to start preparing yourself for tough times ahead. Make sure you have an emergency fund saved up in case things go south – and if you can, consider investing in assets like gold or silver that are likely to hold their value during a recession. Most importantly, stay informed and keep track of what’s happening in the economy so you can make the best possible decisions for your own financial security.