Home
Subscribe (free)
About NaturalNews
Contact Us
Write for NaturalNews
Media Info
Advertising Info

Billionaire investor issues dire warning of the coming global crash


Economic collapse

Most Viewed Articles
https://www.naturalnews.com/051492_economic_collapse_Carl_Icahn_Donald_Trump.html
Delicious
diaspora
Print
Email
Share

(NaturalNews) Another billionaire investor who knows the markets cold is warning that there is "danger ahead" for the U.S. economy, even as he advocates for another billionaire, Donald Trump, to become U.S. president.

Carl Icahn, head of the $8.5 billion Icahn Enterprises, is used to the spotlight. However, he rarely makes such bold predictions, especially in public. He issued his warning in a new 15-minute video that outlines the kind of dangers he sees on the horizon.

In the video, Icahn calls for taxes to be lowered for corporations but raised on hedge fund managers. He repeated previous warnings that interest rates hovering close to zero are producing investment bubbles in real estate, art, corporate earnings and high-yield bonds, USA Today reported.

"The middle-class investor has nowhere to go with their money but into the (stock) market, or even more concerning, high-yield bonds, which are very risky," Icahn said in the video, which is posted at his web site, CarlIcahn.com.

In an interview with the paper, Icahn said he produced the video to highlight the "dysfunction" in corporate America and in the nation's capital.

"I want to see this dysfunction obliterated and we get stuff done in Congress," said Icahn, who is also known for pushing his agenda at large, publicly traded companies including Yahoo, Apple and Motorola.

He says that Trump, with whom he briefly sparred in 2010 over a casino, is the best of the current crop of candidates to repair that dysfunction.

"I don't think the other guys understand the major problems we face," Icahn said of the other presidential contenders. "I grew up on the streets in Queens (N.Y.). I never could have been this successful in any other country in the world. I hate to see it go down the tubes and that's what's sort of happening. We're losing our hegemony. I really believe it."

Earlier this summer, Trump said he would "love to bring my friend Carl Icahn" on as his Treasury secretary. He also said that Icahn would be recruited to negotiate with China. However, Icahn says he can't sign on for that gig as he currently has "a day job." However, he told USA Today that he would consider helping Trump in other ways.

"I'd be happy to help him in any way I could," Icahn said. "I'm thought of as a good negotiator."

In particular, these are the reasons that Icahn sees economic storm clouds gathering on the horizon:

  • Like Trump, Icahn believes that hedge fund managers are not paying enough in taxes. Trump, in his tax reform proposal, would raise rates on hedge fund managers by eliminating some current loopholes.
  • Icahn believes that interest rates are too low and are being held down for reasons that are harming the remainder of the U.S. economy. He says he agrees with critics who tied the 2008 financial meltdown in the real estate and financial markets with the low rates that preceded the crash.
  • Financial bubbles involving the rise in junk bonds and other sectors of finance and the general economy are going to burst soon. Included in this phenomenon is a sort of "merger boom" as companies use funds raised from overrated junk bonds to purchase companies they really can't afford.
  • Corporate taxes are simply too high. If they are not lowered, the country will continue to be deprived of revenue and jobs, the latter of which creates more tax revenue. Icahn would love for Congress to find a way to lower corporate rates so that American companies relocate back to the United States from cheaper tax havens on foreign soil. That would give them incentives to repatriate some $2.2 trillion in cash.

Sources include:


CNBC.com

Collapse.news

USAToday.com

Join the Health Ranger's FREE email newsletter
Get breaking news alerts on GMOs, fluoride, superfoods, natural cures and more...
Your privacy is protected. Unsubscribe at any time. | Learn more...

comments powered by Disqus


Support NaturalNews Sponsors:

Support NaturalNews Sponsors:

Get alerted on heavy metals and pesticide test results for foods and supplements

Natural News is about to begin releasing lab test results for off-the-shelf food, supplement and pet food products, covering heavy metals, nutritive minerals, pesticides and herbicides. These details will be released exclusively to Natural News email newsletter subscribers (FREE) and will NOT be publicly posted on the website. To be alerted, join our free email newsletter now, and watch for lab test results in the weeks ahead.

Enter your email address below to subscribe to our email announcement list (but don't use gmail). Your privacy is protected and you can unsubscribe at any time. If you don't join our email list, you may never see our valuable content again via Facebook, Google or YouTube. CENSORSHIP has now reached EXTREME levels across the 'net. The truth is being suffocated. Subscribe now if you want to escape the delusional bubble of false reality being pushed by Google and Facebook.

Once you click subscribe, we will send you an email asking you to confirm your free subscription.