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Jamie Dimon On The US Debt Endgame
Yes, it's ironic to defer to Jamie Dimon, who lately has far more pressing concerns in justifying the non-criminal nature of his enterprise, on anything - especially which does not involve market manipulation - but for once, Jamie actually had it right when it comes to framing the parody of governance in the US and the real debt problem.
Q. How worried are you that one morning the bond market has moved against the United States?
A. It’s virtually assured, the question is when and how. I don't know if it will be two years of five years but it will happen. It is a matter of time, the United States can’t borrow indefinitely. Over hundred years bankruptcies of country after country who thought they could get away with it because they had the reserve currency and the military power of the world. We are going to have fiscal discipline. It’s imposed upon us or we do the right thing and do it to ourselves the right way.... America knows the way, it doesn't have the will.
Of course it doesn't have the will because the Fed takes away any impetus to act when the "monetary" branch of government will merely push the S&P that much higher and everyone will forget just how broken the economy truly is. And speaking of monetizing, there will no "turn" before the Fed stops monetizing all of it (ref: see what happened when the Fed merely mentioned tapering), and in the process boosting JPM's excess deposits over loans also known as prop-trading "dry powder" to record all time highs.
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So, he can speak the truth... nasty bugger
He's done so is JPM lest anyone thinks otherwise this is image rehabilitation on his part to try to avoid the guilotine. They usually speak the truth at the end before everything goes south.
The only good thing is the assholes that refuse to listen to people like us because of confirmation bias will listen to him and agree without once giving any of us our due or acknowledging that we might have been right. Frustrating but that is just how it is.
I agree. This sounds like the words of someone who knows what is coming and who wants to be able to say "I told you so."
P.S. Fuck you Dimon you fucking criminal piece of shit assbag.
No matter how low he is, he isn't the problem nor the one to blame. The voters in this nation are to blame. The people they elected are to blame. The banks, they just took advantage of the opportunities we gave them. It's just like kids and parents. Kids will take whatever slack the parents allow and they will push their boundries. We the people did not act like grownups and now we are throwing tantrums about the kids who have misbehaved.
It's time to grow up and stop blaming other people for our problems. We brought this on ourselves. Even if you are one of the enlightened and awake ones, what did you do to stop all of this and when did you do it?
Begin downvoting now and prove my point.
Its not my fucking fault. I'm only only old enough to vote in the last presidential election. This shit has been going on years before I was even born.
Just a tad hypocritical - No?
Ummmm that hurts. I mean I agree with him and that's got me seriously wondering if my head's still screwed on right or he's diverting my attention elsewhere, or his hand is in my pocket....
maybe hiding under the covers is a good thing
voting? its an illusion. you choose between two flavors of shit, who after elected, do what the bankers want them to do anyway. Don't blame the victim. The american people have been raped. Hang the criminals, all of them.
@TheReplacement, millions of voters watched the fraud from the last election. Voters don't matter when they control the counting machines. We saw there is no difference between them, this is all theater. Get out of your poll booth and run for office for your local election
Is JD feeling alright? Whats the motive behind this truth?
the thing that used to worry the continuityofgov was that after default, it would go seize the cash from its people
and the people would have no cash
it would seize their pensions
but they would have no pensions
it would seize their metals
but they would have no metals
it would seize their real estate
but they would have no real estate
so instead it would move against whoever happened to hold the cash and pensions and metals and real estate
but they were all overseas
fortunately, there are bunkers full of hookers and blow and DVDs
and sump pumps
so it will be ok
--sump pumps
LOLz
Dr Ray Stantz: Fire and brimstone coming down from the skies! Rivers and seas boiling!
Dr. Egon Spengler: Forty years of darkness! Earthquakes, volcanoes...
Winston Zeddemore: The dead rising from the grave!
Dr. Peter Venkman: Human sacrifice, dogs and cats living together... mass hysteria!
Mayor: All right, all right! I get the point!
http://www.imdb.com/title/tt0087332/quotes
Oh, gee.. I forgot.. he gets the heads-up straight from the Fed..
That is why he is richer than you.
Manthong- and opening his yap like this to speak a momentary bit of truth is also why he gets sued and fined more than us. He should just shut up. Nobody wants to hear someone in his position speak truth. It's ten times more infuriating than the lies.
He is probably stacking even as he helps manipulate the price down.
Umm, we at JPM and half a dozen other bullion banks rigged the price of gold by leasing physical gold into the market from central banks and smashing it in the paper market (you know both the LBMA and Comex are both levered 100:1 to physical with paper nothing metal contracts).
By doing this, we rigged interest rates for a couple of decades. I really do recommend you read the Summers and Barsky paper on Gibson's Paradox from the late 1980s where they note that interest rates have historically risen with the price level of gold.
So by rigging gold (and silver) we were able to hide inflationary monetary policy and keep interest rates low leading to a worldwide credit/debt bubble and market bubbles, but what a party!
In the meantime, we've stuffed hundreds of billions of profits into our jeans.
So, it's been great. And that's why I'm richer than you.
So the question is really when and how the US debt markets collapse and we get chaos. Yawn.
(see pg. 123 and 124 of the book Gold Wars by Ferdinand Lips: http://www.fame.org/pdf/Gold%20Wars%200-9710380-0-7%20%20-%2001.21.02.pdf - it's also available on Amazon.com)
Jamie Dimon, goldbug prepper conspiracy theorist.
Could he be short(ing) bonds in the derivatives mkt and afraid of a "deal"?
Forget the fucktard speaking, look at the LOCATION!
So, Capital Controls (UN/IMF style Bail-Ins) AND blow-jobs at the CFR....Dimon's deep throating the NWO!!!!!
http://twoshortplanksunplugged.blogspot.com.au/2013/05/gold-nwo-elitesthe-gamethe-ambush.html
The Custodial Framework
Bank for International Settlements - Global Banking Computer Network for the movement and transfer of Global Currencies (the Back Bone)
London Bullion Market Association - Physical distribution and controlling agency of Gold (real wealth)
Central banking Network - Physical distribution and controlling agency of Global Currencies (medium of exchange for services, goods and labour)
Organization of the Petroleum Exporting Countries – Global distributor and controlling agency of Global Oil (consumable real wealth)
United Nations - Global Police
World Bank - Global Lender
International Monetary Fund - Global Debt Collector
Intelligence - Custodial Eyes & Ears (Mi6, Mi5, CIA, MSS, Mossad, FSB {KGB}, SIS, CSIS, ASIS, DCRI, BND etc)
Power & Control Centres - US Council on Foreign Relations, European Council on Foreign Relations, Club of Rome, Bilderberg Group, Royal Institute for International Affairs, Trilateral Commission etc.
Main Stream Media - Global Propaganda
Hollywood - Global Propaganda and epicentre for Alternative/Pagan/Kabbalic/Ancient Mystery Religious interests.
Scarlett,
Naw. It would look more like market manipulation planner than conspiracy theorist.
But would JPM step over the line and manipulate markets to make some dough? That's a tough one.
We'd first have to look to precedent to see if they ever would step over that line.
BOOM!!! http://twoshortplanksunplugged.blogspot.com.au/2013/10/gold-backed-global-sdr-hegelian.html
-
We are victims of our own ignorance, apathy and irresponsibility.
TheReplacement is right. Once we truly mature there will be no problem to abolish Fed and sue the criminals.
That would be rather difficult since they control every branch of the government. The polls mean nothing. They are in control, hold all the cards and would rather die than relinquish control. But the real question is, who is "they".
No. Its not.
It totally is. Jaime finds God now? Each unit of pure fiat currency issued to circulation requires ever-growing debt by the laws of physics. Jamie Dimon doesn't understand this, as a capo di tutti capi? Nigga PUHLEEZ
The victims have Stockholm Syndrome, so of course we are pissed at them, and want to shake them. But that still doesn't make it the victims fault.
I agree Dimon is just pulling a "Thats why I'm richer than you", after the collapse he doesn't want ZHers to get the credit for calling it.
WTF!!!!
Jamie Dimon= Ron Paul???!!?
Not many if us have been here since 1913.
Welcome to the born screwed club. Population...you and me.
Yeah, but you and I haven't really done anything major to change things, so in that sense, we do share some of the blame. So do our parents and our grandparents. The apathy has been strong for several generations. We let the bankers and the government gain more and more power while life was good with the attitude of "It could never happen here." Well, now it's happening here right before our eyes.
Yep, fuck you two.
You can waste your time blaming the Gen Xers, Baby Boomers, the Greatest Generation, etc... but it will do you no good. We failed to cut the cancer out of this country in the past, but now some of us may just be willing to stand up and help do exactly that. I have no idea how, or when, but many of us have realized just how fucked up the world we grew up in is, and we don't like it any more than you do. So, sorry for not stopping you from getting fucked, but playing the blame game at this point is counterproductive. We're getting fucked too.
There is plenty you can do. You are just too apathetic STILL to do anything.
There is plenty you can do.
No, it's time to walk away.
Trying to reform this beast is like trying to reform Rome in 450 AD. Good people tried, but to no effect.
To every thing there is a season, and the season for reform is past.
Decentralization is the answer you are looking for.
What do you really know about me?
I do not have a bank account and will not get one.
I am 100% debt free and will not take on any debt.
I am learning to produce my own food so that I can minimize my participation in a system that I consider completly broken and unethical.
I have sued a bank, and I now have two separate court systems pissed off at said bank.
I don't support red team/blue team.
I have suffered directly and personally because of bankers, but you wouldn't know that. I have actually beaten them at their own game, but you wouldn't know that either. Have you done anything, other than be angry? If not, I have already done more than you. Simply lashing out in anger will get you nowhere. Don't mistake a refusal to act rashly as apathy.
Assuming its all true and now I know more about you, thank God for people like you.
-btw, I'm on the same path as you, except I want to stick it to them in what little ways I can.
Which is why I say that playing the generational blame game is an exercise in futility. Those being born today are going to wonder why your generation did nothing, assuming that your generation does nothing. You never know if somebody is awake, or can be woken up to see the corruption that is in our faces. Most are sheep and will not accept that their delusional reality is just that until it comes crashing down on their heads, but there are enough people out there who still have a spark of independence left in them to make a difference. They may be old or young, but you have to remember that the old grew up during a time when things were good and the system called to them like a siren. The 90s were great. Oil was cheap (you'd get pissed off because gas was $1.10,) the economy was booming (er, bubbling,) there was still some tolken restraint on the police via the 4th amendment, the corruption wasn't nearly as in your face, just about anybody could get a job, etc... If you were an average person, you saw no signs that something underneath it all was terribly wrong, so you didn't go looking for it. Hell, even the first half of the 2000s were pretty good if you weren't a soldier, but by that point, there were signs starting to show that not all was well. But, times were good enough that people ignored them anyway. Now, all is laid bare for those who wish to know what is going on. The question is, what are we going to do about it? I do know that convincing as many people as possible that the corruption is real and it extracts wealth from them is essential, but I do not know how to do that.
Agreed somewhat. However, what percentage of your wealth was built on my back, and the back of future generations? If you think its any more than zero...
And how many of you older generations are willing to take a 10%-20% cut off your wealth to relieve the burden of the future.
Unfortunately, the older generations never want investment taxes raised, never want estate taxes raised, never want anything raised to help pay down the debt that is built for the future generations to handle.
Its bullshit.
I am far from wealthy. I paid $2k for my vehicle, I do all of the maintenence myself, and I really don't drive that much for example. And those haircuts are going to come to all of us, whether we like it or not. The thing about all of that debt is that it cannot be paid back. It was accrued under the implicit assumption of eternal exponential growth. Growth in productivity, growth in population and growth in resource extraction. We've already extracted most of the cheap oil, and that is the driver behind most of the other two. The exponential growth is now being replaced by exponential fraud because people want to keep the status quo. It has been growing for quite a while, just we were too blind to see it. Because of that, I wouldn't worry too much about paying back all of the debt in the system, because since it cannot be paid back, it won't be. The growth isn't there to support things, and paying it back would crash the fraud. Once that realization hits the average person, there will be plenty of pain to go around, and that is what I would worry about.
In short, we are systemically broken. We are unable to properly adapt to change, yet change is upon us. I'm Gen X, so barring an unnatural death or disease on your part, you'll probably be around longer than I, but I still have a vested interest in seeing things fixed. We have to accept that our way of life is going to change, and I might have to accept that my $2000 vehicle will will become quite unaffordable to drive in the future. When you see people on this site talking about local economies and getting their tribes in order, they are looking at how things are going to change, and I agree. Expensive energy will place limits on mobility (among other things,) thus local economies, and a failure to start planning for the changes that will be crammed down our throats will cause a systemic shock, and that systemic shock will catch people by surprise, hence the getting your tribe in order. I'll bet some of your tribe consists of old farts.
Don't be angry at the older generations, but don't be them either. There was no malice involved with most of them, and there is the added benefit that you can learn from their mistakes. There was, however, malice involved with the bankers and politicians. Don't let divide and conquer work.
I try and tell everyone I know about it. They usually call me crazy, so sad....although I am a 28 year old unemployed male...Look out!
There you go. Unless there are real fucking consequences, nothing will change. The longer justice goes undone for the previous crimes, the worse it will become. The idiot above must be a banker. It is typical of these "enlightened" kleptocrats to say "it's all our faults" and don't try to serve justice for these past crimes, let's focus on the future. Of course they would say that, they stole from you in the past and want to make sure that there is no way you can get that wealth back.
One simple rule now applies to everyone; Fraud is now the status quo, so possession is the law. Get a dependable tribe in order, if you haven't already.
Pull some of my old posts if needed. But I always said that in the end the blame will be put on the population at large.
Financial crisis = soveriegn crisis = political crisis = public crisis.
You can see who started it (ultimate blame on the bankers). The shift right now is onto the politicians. They are beginning to chomp at each other as the heat gets turned up. What comes next is the set up to blame J6P which will be really easy. So easy a caveman could do it.
Legs Dimon hasn't told the truth his entire life. Now he suddenly "gets it"?
"We are going to have fiscal discipline." -- Jamie
"We"? What, Jamie cancels order for 2nd yacht?
This true? Chase Bank Limits Cash Withdrawals, Bans International Wire..
http://www.infowars.com/chase-bank-limits-cash-withdrawals-bans-internat...
@ bnb,
We're all born into Debt Bondage & Enslavemnt. Complete Total Full Spectrum Dominence over human kind is The Global Criminal Oligarch Cabal Bankster Intelligence's, The Elites endgame is.
I've learned I just need to play the game myself. I'm going to build massive amounts of credit availability, buy a bunch of shit for myself, family and friends, then disappear.
Do you realize to build enough credit to do what you propose takes years of paying back accumulated debts? There is a reason Capital One's introductory card has a $1,000 balance at 28%.
Better to stay out of the system your entire life than try that, imo.
Currently I have $80k in available credit, pay off balances in full every month, rollover older small debts to new cards after about six months, credit score near 800. I know what I am doing.
You should publish your system and sell it on an infomercial.
That would be joining the system.
Wow, $80k. You'd be rich if you pulled off that caper... In Indonesia, around 1950.
What a dipshit hillbilly you must be. You'll blow that 80k in a few weeks, LOL.
$80k in 5 years. I'd say for a kid just barely out of tech school I'm doing ok considering I didnt have a silver spoon shoved in my ass from the time I was 12.
"I have $80k in available credit"
You fool. Don't you realize that "credit" is part of the problem? You fund banks by using their cards for _ANY_ transactions because they take an overhead fee on ALL transactions. The retailer ends up paying it. Why the hell would you brag that you live on credit here on ZH? We don't care about your credit card or your credit score. You are part of the problem when you play the banker's game.
I don't give a shit if walmart, amazon, home depot, and best buy end up paying fees to the banks. They can all trade money amongst themselves. I don't live on credit. I use their credit to build my credit so I can stick up their asses when I get sick or some shit or if I never get sick go on a shopping spree just for the hell of it.
You're pathetic
double deleted
I have voted in several and trust me, it was fucked up back then.
100 years of fucked up shit man.
Wouldnt it be more accurate to call it the debt bottomless pit. Ceiling is completely innacurate.
and who'd you vote for?
OF COURSE its our faults........after all it was the fault of the people who invested with Madoff......just because he's a criminal doesn't mean it wasn't their faults......SO
WHAT if a criminal cabal owns your pols......its YOUR FAULT.......hehehehehehe go ahead and swallow the gizz bud......you apparently like it
"It's time to grow up and stop blaming other people for our problems. We brought this on ourselves."
So the people who bribe the politicians and set them on a course to enrich themselves at the expense of the American public are not to blame because they are just doing what bribing criminals do? I'm with you that the American public is completely mesmerized by the tee vee that tells them which candidates (appointed by Jamie and friends) they get to vote for on their respective Teams, but to overlook the corrupt dirt bags who are behind the curtain is a bit mucy, don't you think?
If some guy comes through your window and murders your loved one before the alarm people show up, do you say "well, murderers will do what murderers will do. Damn alarm company really dropped the ball. Their fault."
+1. Doing God's work ya know.
"well, murderers will do what murderers will do." -- LTER
He's just channeling Rumsfeld. After Sadam fell and people were rioting and looting in Bahgdad, Rummy says "That's what free people do."
Gee, Rummy, here in the good ol' USA the National Guard shoots those 'free people'.
No matter how low he is, he isn't the problem nor the one to blame. The voters in this nation are to blame. The people they elected are to blame. The banks, they just took advantage of the opportunities we gave them. It's just like kids and parents. Kids will take whatever slack the parents allow and they will push their boundries. We the people did not act like grownups and now we are throwing tantrums about the kids who have misbehaved.
It's time to grow up and stop blaming other people for our problems. We brought this on ourselves. Even if you are one of the enlightened and awake ones, what did you do to stop all of this and when did you do it?
Begin downvoting now and prove my point.
completely agree.
food and circus.
you think VOTING would have made a difference? Voting for WHO?? The only thing that would have made a difference would be HANGING THESE FUCKERS!! Voting is a fucking scam. You want to blame the people who voted for these scumbags because they didn't vote for the other scumbags who all robbed and lied to us, fine. But NOW there is someone to blame and BLAME them we WILL. ALL THESE FUCKERS ARE TO BLAME. HANG THEM FOR TREASON EVERY FUCKING ONE OF THEM!!!!
NO! See if we vote for the worst candidate and the worst policies all at once it will crash the system. It's already headed that way we are just speeding up the process. So get out their and vote!
you forgot one thing
the voters are irrelevant and you are right they are stupid
nobody gave the opportunity to banks they took it
You mean the ballot vote which gave bankers the ability to create Trillion's of dollars in Derivatives out of thin air and game the markets? What Mr. Dimon should be saying is we really need Glass-Steagall enacted immediately and break up the banks. Either you're a bank or a investment house but you can't be both!
We the people "do not act like grownups" because we weren't raised to be grownups. Instead, we — ourselves, our parents, and their parents before them — have been towered over by "…an immense and tutelary power, which…would be like the authority of a parent if, like that authority, its object was to prepare men for manhood; but it seeks, on the contrary, to keep them in a perpetual state of childhood." — Alexis de Tocqueville, Democracy in America, 1830
So don't blame the children; blame the tutelary power — the state — the sole aim of which is to abuse each generation of grown children for its own perverted pleasure.
And then, after you've learned who to blame, do not ever, ever, ever enable it further by returning to the voting booth and choosing yet again among its perverts.
Lastly, pass it on.
Not the voters.
It's the people that've been counting the votes.
You're welcome.
In a con game, is the criminal the con man or the victim?
In rape, is the criminal the rapist or the victim?
The criminal Federal Reserve ENABLES the criminal primary dealers to STEAL weatlh from the population.
The THIEVES are the Criminals, not the victims.
Criminals should be Punished...in a way that discourages future crime
This is bullshit. Every election in the US, Canada and England since 1972 has included a cut spending, balance the budget issue. Every time the winning party promises to cut spending and balance the budget. Every time they lie. Go back and look at the record. Look at what Obama said about raising the debt ceiling in 2006, it has been reprinted here often enough.
Don't blame the voters, their hands are clean.
That politicians do not have a legal obligation to fulfill CAMPAIGN PROMISES is baffling, but in perfect accordance with what one would expect from a hijacked/corrupt political system.
Hang that criminal....with his presidential cufflinks on....
"full clip" my ass
How about emptying a full clip on his ass?
Yes a clip, not a magazine.
How can the bond market move against the U.S when the fed owns all the bonds, or will soon enough?
I thought we all had this realization already?
I guess you haven't been watching the interest rates on the short term bonds related to the debt ceiling. They can't always contain interest rates depending upon the environment is the lesson to take out of all this. Confidence is not something can they monetize and control in the bond market when the government is openly dysfunctional. All the monetization does is reinforce the dysfunction and just push next episode and interest rates higher which is the exact opposite of what both need right now. There are limits to what the almighty FED can do with monetary policy. There is that random variable called human pyschology that they can't model accurately.
The move up in those short term yields was completely fabricated. As fabricated as the rest of the rest of this theater.
Here is the real takeaway. The U.S was not downgraded. China did not dump one bond. Russia sat there and kept their mouth shut. The fed was given cover to keep/increase their bond purchases so as to make sure Jamie's vision never happens.
Martin Armstrong makes a pretty good case that the trend can be screwed with, but it can't be changed. My take away is that the Fed can delay the inevitable longer than we think is natural, but the cycle will eventually catch up and reinforce the overall trend.
I figure the gears are in motion behind the scenes elsewhere (China, Russia, etc.). The more they are quiet now, the more nervous I get that something will happen more suddenly.
Martin has been wrong more than he's been right. He writes good articles but that's about it. I quit reading his stuff over a year ago after his gold calls were completely off track. His articles are free and as the saying goes, You Get What You Pay For.
Not downgraded yet. The deal hasn't been finalized yet. You may ultimately be right on that point but the theater is still ongoing. Russia ain't going to do shit, why because they don't have to, when your 'enemy' is doing itself in you don't intervene, you wait it out until you satisified it is weak enough to go in for the kill. You can't monetize infinitely in a finite system when the basis for the system is credit/debt because at some point there is a hard limit where the money becomes worth 0. There is an absolute hard mathematical limit but the confidence part will force it sooner than the equations predict. China well I'll reserve judgement on them once this plays out and an auction or 2 happens afterwards to see what they do.
The other issue on downgrading is that are agencies scared of retaliation from the DOJ that they won't or not. We know one agency that definitely won't since their leader is on the take and another that was shut out of this shit show because they did the last time around sitting on the sidelines.
The drama maybe fabricated as you say but the move up interest rates wasn't the FED's doing and they sure as hell didn't or couldn't keep those rates from moving upwards due to the drama. What happens when the next crisis comes that isn't 'fabricated' are confident the FED can contain interest rates based on this?
Dewey the thing is that 85 bil is not making it into circulation. it's sitting on banks balance sheets while they use it when and where they want. the rest of us are slowly becoming starved for dollars as wages drop and costs rise.
the top 5% is getting wealthier by the day. the next 5% are hangin in. The next 90% are sliding down the mountain.
Yup. Tell tale too. More of the same until something bigger breaks.
But it i, you see it in food prices and quantities where the price is being held in check. Wage stagnation or reduction while prices rise even if the price increases are being hidden by packaging quantity gimmicks is still inflation. Inflation is purchasing power of money there is 2 sides to the equation here prices are only one side, wages are on the other. Decrease in purchasing power by wage reduction without a rise in prices is inflation. They can only hide it on the price end using gimmicks which as you should know is well documented by Mike Krieger on his blog the Tyler(s) repost here on a fairly regularly basis.
Yep, packaging size remains the same, but contents are changed, or amount of product in said packaging is decreased.
Sugar water is sold in packs of 20 instead of 24 (for the same price). Chip bags go from 12 oz to 10z to 8 oz to 6 oz. New sizes are invented altogether. When the size of the chocolate bar shrinks 20%, they sell you 2 at the same time, for twice the old price!
Yep, got to love packages which now have unique sizes like 13.6 oz. Two years ago the same package was 20 oz and cost the same. But hey, no inflation here! Keep moving along.
fonz, the fed doesnt own all. nowhere close.
and will never make it to owning all durations. you saw the 10yr almost hitting 3% and the bernank freaked.
its building fonz, and its coming soon.
the fed owns over 30%. within a few years it will be over 50%.
Perhaps it won't be something that starts in the bond market, but a reflection of Fed monetization of the debt. International capital flows most likely.
Hey Jamie, its not America that "doesn't have the will", its the fucking politicians who talk the big game and fail to do anything but protect their own careers. So get it straight, fuck-face.
It's the bankers like Soros, Buffett, and Dimon without the will. They know the How is afoot and the when will occur after they've picked the carcass clean.
Politicians don't get to DC on their own. The scum is elected by fellow scum.
So Jamie's right, America doesn't have the will. The parasites have overrun the host.
Regards,
Fellow Conservative
Dimon, you speak well. You're gonna do well in prison.
JPMorgan pays $100M, admits fault in London trades
http://finance.yahoo.com/news/jpmorgan-pays-100m-admits-fault-london-tra...
Big deal..100 million is a bad day of trading for these criminals..
DIMON just wants to separate the WS Bankster bailout and the troubles with the deficit. THEY ARE THE SAME THING YOU ASSHAT DIMON
Imposter!!!
Blasphemer!!!!
Given that his risk management team "just handle the risk" of their retail customers having access to international bank wires, it might not be that far off-
On this date,Oct. 16,1793 Marie Antoinette met her fate w/the guillotine.
Mr. Guillotin, a rich Dr. and politician, barely escaped his namesake as he was, well, a politician.
He was not the inventor. He just proposed using it on people as punishment.
https://www.google.com/search?q=Mr.+Guillotin&ie=utf-8&oe=utf-8&aq=t&rls...
Here is info on Marie Antoinette.
https://www.google.com/search?q=what+date+did+marie+Antoinett+die&ie=utf...
And Marie never said "let them eat cake". I suppose it's semantics but what she said was "Let them eat butter bread", a daily staple then.
Only when speaking to fellow oligarchs at the CFR
Q. How worried are you that one morning you wiill wake up in the bowels of hell with a ptichfork up your smug ass?
A. I try not to think about the future too much.
I was listening to Bloomberg Surveillance on the radio this morning and the other guy (not Tom Keene) said that "Warren" from "Omaha" tweeted that the U.S. Dollar will continue to be the world's reserve currency 'for a very long time'.
In other news.... up is down, 2+2=5, and behind every horizon is all rainbows and unicorns.
It already happened...Who is buying all the treasuries & Bonds....THE FED
Don't know who but we have:
US Dollar weakening
Slower Economy
Possible Downgrade TONIGHT or Friday after close.
It won't matter. People stopped paying attention to the ratings agencies years ago. They rate based on how much they're paid. Once an issuer goes broke and can't pay any more, they slash the ratings.
Bought and paid for like everything else.
One dollar one vote.
Something is about to go down.
And it sure ain't our healthcare premiums........
Some congressperson from NY was on CNBS Asia last night rambling on somewhat unintelligibly about the non-events realized so far to solve the events of the moment and the talking head asked him about ObieCare to which he stated, straight faced, that in his state/area/district premiums were falling, across the board.
Aaaaarraghhhh............
Around here it's timely access to a doctor that is falling across the board........
No need to lie. Ever. Even if you are in a corner, tell the truth because this is the very last thing people would dare
to believe...
Hmmm- advice from a criminal? Fuck You Jamie
Fuck everyone of you over the age of 50 who enabled this fucker to have so much power.
JHC on a C,
Define who enabled.
Snot nosed, green gourd, wet behind the ears wah, wha, wha, gotta blame someone.
Stow it, Edith.
Enabler: someone who watched stupid shit happen, and stuck their thumb in their asses.
Yeah it was white male Boomers over 50 who elected Obama
HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA
The bankers have been getting more and more powerful over the last 30 years. It has nothing to do with Obama.
Cry baby: bnbdnb
We need to stand together against the banksters. They want us to fight each other instead.
Why shouldn't he speak the truth under a civilized controlled environment, where no one can hammer him on all his true criminal activities, the reason he is so filthy wealthy.
No, it's just like a town hall meeting. Bag those hecklers in the back just like OWC. Run for president Dimon. Like a true crook!
Hmmm, got gold, Jamie?
It's amazing to me how the banking community can act as if they have no idea we are in a debt based money system! Sure, we can have moments of fiscal "sanity" which is nothing other than deflationary but it can not go on forever. The printing must go on. It's all there is. It's all they have. It's all the system will lend. Literally.
I've just seen the future.
In a blinding flash I saw Jamie as the POTUS.
hahahahaha
Is this the same Jamie Dimon that gets free money and bailouts from the U.S. taxpayer/treasury?
I thought so, roll the motherfucking guillotine and separate this fucker's head from his torso stat!
Nothing changes otherwise.
Not going to happen. Obama sings Dimon's praises and refers to him as "the banker's banker". Dimon and his money would out of this country so fast if there was any sign at all that the people wanted their country back.
Think he already thought of that. I read on another board about 6 months ago that Mr. D was in the process of closing on a substantial villa in St. Kitts. I believe he has a home in Switzerland, too, though I don't recall where I heard that one.
His plan seems obvious, given the persistent rumours over the past year that he's either thinking of 'retiring' or that the JPM board want to fire his ass...
1) Go all in on the "Yeah, we've made some mistakes!" line he's recently been peddling.
2) Admit that the US is probably fucked in the near future. And it's because of the politicians, lack of will, market forces, etc. Change emphasis to suit current audience.
3) Quit JPM, probably disguised as being given the boot by the board for 'whistleblowing' and 'not being a team player, when the chips were down'.
4) Slope quietly off to an overseas location until the fireworks are starting to fade. Drink martinis on the beach, while being blown by transsexual midget hookers, redheaded underage girls, or whatever specific perversion it is he enjoys (sociopaths almost invariably have some gross sexual peccadillo or other).
5) Acquire reputation as 'one of the good guys, who tried to warn us!'
6) Return to the US as CEO of some newly formed 'ethical' bank, as a Special Adviser to the Treasury, or whichever other slimy position will give him the most advantage in separating the great unwashed from their money in the next cycle of the great Ponzi.
After all, he's only in his 50s. Got to have a good 20-30 years of evil scumbaggery left in him, yet!
Paulson is trying it.
Mozillo is trying it.
Killinger is trying it.
Geithner is trying it.
Greenspan is trying it......
put that fucker in stocks in Times Square first. Then set up urinals above him and charge people a dime a piss. Then draw and quarter him when the "dime a piss" has recouped every penny that motherfucker stole from us. Take every fucking penny he has and throw his maggot family out in the street like he did to MILLIONS. Take all his money and put it right in front of him so he can look at it as he's being showered in piss. FUCK HIM. Give him some Hell on earth before we send him to Satan.
Would you consider a nickle pp until the monies are recouped?
LOL
"put that fucker in stocks in Times Square first. Then set up urinals above him and charge people a dime a piss."
There will be quite a few poor bastarda that don't have a dime because of Jamie, I suggest waiving the fee for them.
Its okay -- his bank just suspended cash transactions above $50k and forbid international wire transfers starting Nov. 17 of next month:
http://www.infowars.com/chase-bank-limits-cash-withdrawals-bans-internat...
If you want to be taken seriously, you must stop quoting or making reference to anything that comes from Alex Jones. It is either completely false or vastly exaggerated (at best). He is a clueless alarmist that makes his living pimping products for the cluelessly paranoid.
And many times I agree with you, as his stories are constantly about the impending end of the world --- for years now.
That being said -- I CALLED JPM and asked if this was an actual policy change. They confirmed it is.
So unless Alex Jones has hijacked JPM's call center, as well as forged multiple documents that could inflict material financial harm upon JPM and make him as well as his company personally liable -- this report is 110% spot on. It should scare the shit out of you.
It just also happens to be the Sunday (11/17) after the EBT system is expected to shut down/adjusted (11/15), we roll over $440 Billion in long-term 10 & 30 year debt (11/15), as well as when the fed announces the new stress tests for large banks (11/15).
So before you start critiscizing the source, do a bit of research. There are plenty of people out there that say ZH is the financial equivlant of InfoWars.
I've been searching for a few minutes now and the only place I have found with that news is infowars. It just seem profoundly unlikely that such news would not make it to other sites. Not the least of which being ZH.
That's a very big deal since $50K is not an earth shattering amount of money. It's not the kind of news that can be kept secret.
Is it not possible that they have "broken" said news?
Is it not possible that at times, even here, ZH has "broken" news only later to be picked up, mainstream.
To validate it or dispense with it, why not likewise follow Haus' example and call JPMChase and ask the question?
As opposed to checking other news sources.
I read the doc from Chase. My response is posted above.
Agreed, Haus
While whole bunches of Alex is hyped (everybody needs an audience) he has dwelt upon a number of themes that even a buncha folks here on the Hedge have said they'd wished they listened to, long ago.
Likewise, many folks here claim Before Its News to be a sketchy site, and again, they have lots of crazy stuff thereon.
But to simply collapse, umbrella demarcate some troop of folks as all bad may mean missing some very important stuff.
Guess Alex had it first, was vetted as real...
One has to make ones very own mind up as to the validity of news and news sources these days.
Regardless of the source.
For example... if one really wants to know what TPTB want you to believe (propaganda) you've got to spend some time finding that out too, by observation.
FFS
Hell, the folks at RationalWiki says Tyler Durden is 'batshit crazy'.
What I love about ZH is the community, though. If something were to happen, and a new fight club (a version 2.0 if you will) has to be formed...
As I said, this story is profoundly exaggerated and is topped off with an alarmist headline...but when you look under the hood...This ONLY applies to TWO specific types of SMALL BUSINESS CHECKING ACCOUNTS.
The types of businesses that open these kinds of accounts are not the kinds of business that tend to pull (or have) 50k in cash or make international wire transfers with any kind of regularity (if at all).
Typical Alex Jones alarmist bullshit.
House! I'm surprised of you! +1!
LOL "There are plenty of people out there that say ZH is the financial equivalent of InfoWars"
Well, for the Spaniards it's "financial terrorism". But it really depends on the *subject*, imho
But he is willing to profit at the expense of his principles. That's why he's richer than you.
He wants discpline....after he retires from being a BANKSTER!
Obviously had a 5 martini lunch which is impairing his ability to lie.
stateside
HANG THIS MAGGOT!!!!!
You ain't gonna do shit.
And yo are fuckass?
Yes, I am stupid. You stupid chihuahua.
I agree with you, you are stupid, douchbag
Hahaha, forgot a comma. Hahaha. <- Stupid is right.
How convenient. A banker points the finger at its puppet politicians.
America is not a nation; it is not a country; it's not even a business.
It's a racket.
And when it's run dry, the racketeers will move on. Jamie knows this. I'm just amazed he said it in front of a camera.