In a recent interview on Fox Business, Kevin O’Leary, the “Shark Tank” investor slammed so-called “Bidenomics” for leaving small businesses behind. He warned that chaos is about to kick off for the “little guy”, which are the 33.2 million small businesses in America, due to the Federal Reserve’s aggressive rate hikes.
The central bank is hiking rates because of inflation, which is also fully caused by the ruling class working to devalue the United States dollar. Once it crashes, the rulers will attempt to convince the slaves to permanently chain themselves to the central bank digital currency (CBDC) which will be fully controlled by the masters.
“We’ve got the Chips and Science Act — where’s that money going? Behemoth giant companies in the S&P 500,” he said. “The Inflation Reduction Act — another trillion [dollars], not even printed yet — [it’s] all going to the big guys.”
O’Leary pointed out that around 60% of jobs in America come from small businesses. He also believes they’ve been “given nothing” from the Biden-Harris administration in comparison to the giant corporations in the S&P 500.
The federal government has in fact launched a number of initiatives to support small businesses, including a loans and equity investment program, reforming the tax code, and expanding access to federal small business programs. However, O’Leary points out that after the Fed’s 11 interest rate hikes since March 2022, it’s only become exponentially more expensive for businesses and individuals to borrow money. –Moneywise
O’Leary also claims that small businesses with between five and 500 employees have been “cut off” at the regional bank level in the wake of three major bank failures in the spring. He said regional banks are no longer willing to loan money to small businesses because they’re under pressure from regulators to increase their liquidity. “During that period, people are very nervous about putting their money in the bank because if another one fails and you have your cash in there, right now you’re only guaranteed for $250,000,” he said, referring to the Federal Deposit Insurance Corporation (FDIC) guarantee to protect deposits of up to $250,000.
Anything could happen. O’Leary could be right, but he could be wrong too. We’ve been waiting for a recession that hasn’t come and at the same time, know the rulers’ “end game,” and that it has to come eventually. The best thing to do is be ready, especially if you intend to rise up against a CBDC.
Originally Posted at www.shtfplan.com