Billionaire investor issues dire warning of the coming global crash
by: J. D. Heyes
NaturalNews.com
Friday, October 09, 2015
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.”
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