It has been just revealed the fact that the billionaire Paul Tudor Jones is saying the fact that the US is now in the toughest financial position since WWII. Check out the latest reports about this below.

US is in the weakest financial position

Hedge fund billionaire Paul Tudor Jones said the fact that the United States is at its most economically precarious point in over 70 years.

In a recent CNBC interview, he said that tough times lie ahead for the United States. This is reportedly happening as the country’s debt burden continues to soar with the world embroiled in geopolitical tensions.

“The United States is probably in its weakest fiscal position since certainly World War II with debt to GDP at 122%. So it’s a really tough time for the moral voice of the world, certainly been the leader since World War II. It’s a really difficult time.”

He continued and said the following:

“I think we’ve become inured to headline risk. If you think about the markets’ reaction to what happened [with Israel and Hamas], it was a linear response. It was risk-off, but it wasn’t anything that possibly recognizes just how dangerous this could be. I think that’s because we’ve gotten exhausted with headline risk.

It doesn’t mean that we can’t have a non-linear reaction in the markets down the road if something bad happens… I think at this point in time, we’re just probably incorrectly exhausted…”

Jones is also predicting the fact that the whole thing could go from bad to worse if war breaks out between Iran and Israel.

“That’s when it really gets bad because then you’ve got the ability to have a First World War cascade when everyone gets involved.”

Other than this, there are all kinds of crypto predictions that seem more than optimistic ahead of the alleged approval of BTC ETF.

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