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UPDATE: Jamie Dimon Says He Does NOT Expect a “Soft Landing” In The Economy

There are a handful of people in our Country who are so deeply tied into the financial system that you HAVE TO listen whenever they speak about the economy.

Warren Buffett.

Jamie Dimon.

The classic “too big to fails”.

And Jamie Dimon just shocked the financial world by saying he does not expect a “soft landing” for the economy.

Ok, so what does that mean and why should you care?

You should care a LOT.  Because if he’s right things are about to get very ugly.

NOTE: But make sure you read to the very end of this article because I’m going to tell you a couple things you can do to safeguard things for your family and yourself.

So think about it like this….you’ve got an airplane up in the air and the pilot has to land it soon.  But he’s facing all sorts of “headwinds”….

Things like very high inflation (which simply means have you noticed how shopping at the grocery store seems to cost almost double these days what it did just 4 years ago?)…

Things like very high interest rates (plan to buy a new home?  You can buy about HALF the size and quality of home now as you could 4 years ago thanks to high interest rates)….

Things like a bad job market (job numbers are up but that’s only because people are taking 2 and 3 jobs to just stay afloat)….

So you have all of these headwinds pushing your plane around and the likelihood of having a soft and smooth landing becomes increasingly more difficult and increasingly more unlikely.

But it’s not just some abstract thinking exercise….if the plane does not have a soft landing, your world could be in for some big pain.  Your personal world.  Your job, your finances, your bank accounts.  If you think things have been bad under Biden, just realize the plane hasn’t fully landed yet.

In other words, buckle up!

This is especially troubling because usually Jamie Dimon is the biggest cheerleader for the USA and the economy, almost always expecting a rosy future.

So this is a real departure and raises a lot of eyebrows.

Take a look here:

Watch this short 2-minute summary:

Fox News had more details:

JPMorgan Chase CEO Jamie Dimon on Thursday cautioned that markets are too optimistic about the odds of a soft landing as the U.S. economy continues to battle still-high inflation and interest rates.

“The odds of a soft landing, the market kind of prices in 70%. I think it’s half of that,” Dimon said during an interview with The Wall Street Journal. “It looks a little bit more like the ’70s to me, and I point out to a lot of people, things looked pretty rosy in 1972 – they were not rosy in 1973.”

At that time, unemployment and inflation were both high but economic growth was weak, a phenomenon now known as “stagflation.” Dimon has reiterated concerns that the economy risks headed toward a repeat of 1970s-style stagflation, a warning that has grown louder in recent months amid signs that progress on inflation has flatlined.

“Don’t get lulled into a false sense of security that because today looks okay, tomorrow is going to be okay,” he said.

Dimon’s comments come as Federal Reserve policymakers weigh when to start cutting interest rates amid concerns that progress on inflation has stalled. While inflation has fallen considerably from a peak of 9.1%, progress has largely slowed since the summer.

Investors have steadily dialed back their expectations as central bank officials signal they are in no rush to cut, and that incoming economic data will guide their decision.

Hiking interest rates creates higher rates on consumer and business loans, which then slows the economy by forcing employers to cut back on spending. Higher rates have helped push the average rate on a 30-year mortgage above 8% for the first time in decades. Borrowing costs for everything from home equity lines of credit, auto loans and credit cards have also spiked.

But it’s not just these comments.

You might recall back in the Fall I brought you a report that Jamie Dimon planned to sell a large amount of his shares in JP Morgan Chase Bank.

Big deal, right?

Actually it is.

Because since he first became CEO in 2006, he has NEVER sold a single share.

Remember how I told you he’s typically always been optimistic about a rosy future?

He always has.

Until now.

For over 18 years, he never sold a single share of stock in the Bank, but now he’s selling a bunch.

And the sales just recently concluded.

Wonder why he wants out now?

Is it because he knows what is coming?

Here is the report I brought you back in the Fall — we are ALWAYS ahead of things and our reporting is once again proving to be spot on (this was actually part of a 4-part series about Insider’s Selling all at the same time):

Insider’s Selling (Part 3): Jamie Dimon Sells MILLIONS Of Stock — First Time Ever In Over 18 Years

This is Part 3 of a 3-part series about Stock Market Insiders selling massive amounts of stock in their companies.

Parts 1 and 2 are listed below in case you missed them:

Insider’s Selling (Part 1): Jeff Bezos Sells $8.5 BILLION of Amazon Stock

Insider’s Selling (Part 2): Walton Family Cashes Out of Wal-Mart!

And now part 3, featuring JP Morgan Chase CEO Jamie Dimon.

This is a fascinating one to me because since Dimon became CEO of the bank in 2006, he has NEVER sold a single share --- until now:

That's 18+ years and not a single sale.

So why now?

Why $150 MILLION now?

Is Dimon selling perfectly at the top?

That remains to be seen, but what we know for sure is he perfectly bought at the bottom:

In other words, I'm following this guy!

Here are more details, from the NY Post:

JPMorgan Chase chief Jamie Dimon cashed in about $150 million of his stock in the bank — the first time the head of the largest US lender has sold shares since taking charge in 2005.

Dimon, one of the longest-serving chief executives on Wall Street, unloaded 821,778 shares of JPMorgan, according to an SEC filing Thursday.

The selloff is part of a larger plan the bank revealed in an SEC filing in October to sell 1 million of the 8.6 million shares Dimon and his family own.

A spokesperson for JPMorgan confirmed to The Post that “this was the planned sale of less than 10% of his holdings that we announced last October.”

Jamie Dimon in a suit gesturing as he speaks during a Senate hearing on Wall Street firms.

At that time, a regulatory filing attributed Dimon’s trimming of his personal stake in JPMorgan to financial diversification and tax-planning purposes.

U.S. stocks smashed a new record high last week, but the rally may not last for long thanks to heightened risks that the economy returns to a 1970s-style stagflation scenario.
US heading to 1970s-style stagflation, JPMorgan Chase strategists warn

Chase sued over ‘unconscionable and predatory’ junk fees for depositing checks that bounce
JPMorgan shares were up over 1%, to $183.07, in early trading Friday and the firm has a market capitalization of $527.3 billion — the largest of any US bank.

Year-to-date, JPMorgan has already seen its share price rise more than 6%.

Year-to-date, JPMorgan has already seen its share price rise more than 6%. Under Dimon’s nearly two-decade reign, JPMorgan’s shares have increased some 250%.

Year-to-date, JPMorgan has already seen its share price rise more than 6%. Under Dimon’s nearly two-decade reign, JPMorgan’s shares have increased some 250%.
Even after the selloff, Dimon and his family still own about 7.6 million shares in JPMorgan, which has more than $2.5 trillion under management, per the bank’s website.

Dimon “continues to believe the company’s prospects are very strong and his stake in the company will remain very significant,” JPMorgan told The Post in October after announcing his planned stock sale.

Dimon’s transactions involving JPMorgan shares are subject to the terms of Rule 10b5-1 of the Securities and Exchange Act of 1934, the bank told The Post, which requires insiders to sell company stock by setting up a predetermined plan that specifies a transaction date and the amount of stock to be sold.

So....what should you do?  What CAN you do?

I will repeat what I've said in all 3 parts of this series....I am NOT a financial advisor -- hear me clearly on that -- but if you'd like to get out of stocks and into something SAFER for your retirement, may I suggest that Gold has ALWAYS been God's money?

Gold has never failed, it was money in the Bible and it's still money today.

And a store of value.

So how do you protect yourself?

And your family?

How do you stay safe?'s a nice can you do it with no money out of pocket?  (Yes, really!)

Simple: you need to get some #Gold or #Silver in your own possession.

It's called "physical" gold and silver.

Not paper traded garbage on the stock exchanges that isn't backed by anything.

Don't touch that stuff.

I have two special hook-ups for you.

Both involve PHYSICAL gold and silver.

Because if you do NOTHING else, make sure you own "physical" gold and silver, not paper contracts.

The paper contracts (like stock ticker SLV and GLD) could very well go POOF one day and disappear or go to zero, because they're not actually backed by the gold and silver they claim to represent.

It's a massive game of musical chairs out there and when the music stops (and I think it will stop soon...) people who only own paper might find themselves owning something not worth the paper it's literally written on.

And I know you'll never forget it if I give you this GIF so....Let's Get Physical:

Now...WHERE do you get physical gold and silver and how do you know it's real and safe?

And that you're getting the best price?

Oh, and how about personal one-on-one real customer service?

You know, like you were some Big Wig millionaire at Goldman Sachs who could just call their personal banker and get help?

That's what I'm about to tell you.  

I have two killer connections for you...

The first is for purchasing gold and silver bullion.

That means bulk bars.

That's the cheapest and most economical way to do it, to stretch your dollar into as much gold and silver as possible.

The website is called WLT Precious Metals and when you see my logo in the top left-hand corner, you'll know you're in the right place.

You'll get a personal phone call with Ira Bershatsky (or someone on his team) and they will work with you free of charge for as long as needed to answer any questions you have and get you taken care of.

How about that!

You don't see that much anymore, but Ira and his team pride themselves on good old-fashioned real customers service:

No sales pitch, just real, actual help.

And the best prices you will find.

Here's the only disclaimer I will give you: because they do pride themselves on dedicated service, it might take a few days before you get a phone call back.  Just be patient.

Good things come to those who wait!

You can contact Ira and WLT Precious Metals here.

Ok, that was #1.

Now I want to tell you about option #2.

An equally great company, I am so happy to be working with these guys.

This next company is called Genesis Gold and this is for people who want to purchase real physical gold or silver in their IRAs (Investment Retirement Accounts).

You know what the beauty of that is?

TAX FREE baby!

I'm not a tax advisor, but that's a general oversimplification.

Never pay more taxes than you are legally required to pay.

And that's why I love getting gold and silver in my IRA (and why I hold a large chunk in an IRA myself!).

There's so much to love about Genesis Gold, starting with the fact they are proudly and un-ashamedly Christina!

They call it "Faith-Driven Stewardship" and they put it right on the homepage of their website along with a quote from Ezekiel:

Wealth Preservation With Gold & Silver –
The Genesis Gold IRA

By your wisdom and your understanding you have made wealth for yourself, and have gathered Gold and Silver into your treasuries – EZEKIEL 28:4

Genesis Gold Group believes the Bible gives clues on how man-made currencies (paper money) represent instability, and a lack of virtue and encourages living wastefully in excess.

Conflicts have beleaguered us since the dawn of civilization, and they can all be encapsulated into one battle. The battle is between currency, man-made paper, and gold and silver — the two precious metals found in our Earth’s crust, sent to us by our Lord to use as money. Man-made currency always leads nations down the path to increased war, greed, and ultimate collapse. History has shown that abandoning gold and silver has always been a bad idea. Gold and Silver enforce discipline, nurture self-constraint, self-reliance, and balance, and lead to confidence, a restrained government, and a more stable foreign policy.

Genesis Gold Group believes in empowering faith-driven stewardship with Gold & Silver are an integral part of a balanced portfolio. Protecting your finances with precious metals has never been more crucial during these trying times.

With a combined 50-plus years in the precious metals industry, let your Genesis gold and silver experts guide you through the simplicity of asset protection and growth with our Genesis Gold IRA.


Genesis Gold Group

Empowering Faith-Driven Stewardship

Oh....and they're VERY good at what they do.

You also get physical gold and silver with Genesis, believe it or not!  The gold and silver is purchased for you (in whatever combination of coins and bars you prefer, a picture taken and sent to you, and then stored safely in a vault for you!

I love what these guys are doing.

Here's more on why gold and silver in your IRA are so powerful:

You can contact Genesis Gold here.

They are also very backed up with record demand, so you may have to wait a bit, but someone WILL get in touch with you for personal customer service and assistance!

Tell 'em Noah sent ya!

Oh, and did you know Genesis is recommended by SUPERMAN himself?

It's true.

Superman himself, Clark Kent -- Dean Cain -- came on my show a few weeks ago and we broke it all down:

Watch here:

Stay safe!

Make sure you can weather the storm when it hits!

Because the storm always hits eventually, doesn't it?

As for me and my house, we will be ready. 💪


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