John Paulson, the billionaire investor who has correctly pinpointed major investing trends, has made a frightening prediction of U.S. economic collapse if Kamala Harris wins the White House in November.
Paulson says that the economic stability of the country will be so bad that if she wins, he will immediately take all his money out of the U.S. stock market because there will be a total market collapse if she becomes president.
Per the Daily Mail:
John Paulson, known for his lucrative bet against subprime mortgages in 2007, said on Tuesday that he would pull all his assets out of the stock market if the Democrat nominee wins.
‘I think if Harris were elected, I would pull my money from the market,’ he said on Fox Business’ The Claman Countdown.
‘I’d go into cash and I’d go into gold because I think the uncertainty regarding the plans they outlined would create a lot of uncertainty in the markets and likely lower markets.’
The founder of Paulson & Co. whose estimated net worth is $3.8 billion went on to describe how he thinks Harris’ tax policies would scare investors, resulting in a ‘pretty quick recession.’
This time you don’t need to be an investing genius or market guru to know that Paulson is 100% right.
If Kamala Harris wins a four-year term in the White House, this country will collapse.
And we may never get it back.
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