Deripaska predicted the United States "the hour of reckoning for the sanctions rage"

The FT reported that the US Federal Reserve may once again raise the rate due to record unemployment data and rising Treasury yields. Deripaska noted that "the hour of reckoning for the sanctions rage is getting closer" Oleg Deripaska

 Billionaire Oleg Deripaska (worth $ 2.5 billion according to FORBES ) predicted the United States "an hour of reckoning for the sanctions rage" within three or three and a half years. He stated this in his TELEGRAM channel.

In particular, the businessman inserted a link to an article by The Financial Times (FT), which refers to a massive outflow of investors from US stocks amid rising bond yields due to data on record employment in the US. Thus, the yield on two-year Treasury bonds rose to its highest level since 2007, breaking the threshold of 5%. Benchmark 10-year bond yields rose to their highest level since March, breaking the 4% threshold.

According to the FT, rising bond yields could be a signal for rising inflation and another Fed rate hike this month.

“The hour of reckoning for the sanctions rage is getting closer. There are three, three and a half years left, ”Deripaska wrote.

Following the results of the two-day meeting on June 13-14, the US Federal Reserve kept the rate at the level of 5-5.25% per annum. Thus, the regulator has paused in the most aggressive campaign to tighten monetary policy since the 1980s.

According to a report by industry organization ADP, growth in the number of jobs in the US private sector in June was a record for almost a year - by 497 thousand after an increase of 267 thousand in May.

For the past six months, many politicians and businessmen have been talking about the risk of a recession in the United States, who associate it, among other things, with a series of bank failures: four large banks went bankrupt in the United States in a few months. First Republic Bank (14th in terms of assets) came under external management by the US Federal Deposit Insurance Corporation (FDIC) in early May. Before that, Silvergate Capital Corp., Silicon Valley Bank (16th in terms of assets) and Signature Bank went bankrupt.

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The HEAD of JPMorgan, Jamie Dimon, said in early April that the failure of large banks increased the chances of a recession in the United States, and "thunderclouds hung over the country's economy." American President Joe Biden assured that nothing threatens the country's banking system. Despite this, Moody's changed the forecast for it from "stable" to "negative". And according to economists polled by The Wall Street Journal in mid-June, the likelihood of a recession in the US has reached a record 44% since 2008 over the next 12 months.

Deripaska said back in May that about 250 US banks would not survive the crisis , "and the first heel has already died." According to him, "the drama has already begun" and is associated with "debt obligations of the Treasury, the rate on which has skyrocketed." The businessman also called one of the "preludes" "the torment of raising the ceiling of the American national debt in Congress."

Prior to this, the billionaire predicted a "world without a hegemon" in five years. According to him, due to US sanctions, the dominance of the US currency is ending at a rapid pace.