Banks Preparing for 2022 Recession (DEBT CRISIS INEVITABLE) Stock Market Crash 2022

Banks Preparing for 2022 Recession (DEBT CRISIS INEVITABLE) Stock Market Crash 2022 -
Many top investors and experts are predicting, this could become a full blown depression lasting years. Elon Musk, Michael Burry, Jamie Dimon, and others all saying the same. Even mighty bitcoin is crashing. Millionaires and billionaires are losing millions and billions. Jeff Bezos has lost BILLIONS! Brace yourselves for real pain, food shortages, exploding wars, increasing gas and living prices, exploding credit card record bankruptcies and global economic chaos.
Jamie Dimon, the CEO of JP Morgan, just stated that an economic hurricane is coming to the US Economy and that Recession could hit by the end of 2022. Other Wall Street banks like Wells Fargo and Morgan Stanley have said similar things.

These banks could be foreshadowing a big Recession and Debt Crisis in 2022. The reason being - as these banks pull back on lending in the face of higher interest rates, the colossal $43 Trillion Debt Bubble in America's Economy faces risk of Crashing.

Right now the US Debt Bubble is 200% higher than Personal Income. That's an all-time high and means that debt has sustained the US Economy, Housing Market, and Stock Market over the last 30 Years. Now with the Federal Reserve and Jerome Powell in Tightening Monetary Policy via Interest Rate Hikes and Quantitative Tightening, the level of debt in America is likely to decline. And trigger a Recession as a result.

We're already seeing this take place in the US Housing Market, where a big surge in Mortgage Rates has crushed homebuyer demand and will likely lead to a decline in prices. It's also likely to happen with Credit Cards, as higher short-term interest rates increase the cost of borrowing and make it more difficult for the American Consumer to spend money.

Speaking of the American Consumer - their confidence/sentiment level is near the lowest level on record according to the University of Michigan Consumer Sentiment Survey. The last two times Consumer Sentiment was this low was in 1980, before a brutal double-dip recession, and 2008, before the biggest Recession / Financial Crash since the Great Depression.