Dimon Warns America's Debt Addiction Threatens Economic Crisis
• America has a dangerous addiction to debt that has created a "sugar high" for the economy, says JPMorgan CEO Jamie Dimon
• Enormous surge of new debt taken on during the pandemic propped up economy, but was like "heroin" for consumers
• Debt-fueled stimulus led to inflation, causing Fed to hike rates, now threatening withdrawal pains
• Total US debt pile hit record $33 trillion this year and edging towards $34 trillion
• Dimon warns of more inflation, higher rates, and potential economic crisis due to unsustainable debt levels