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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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Sorry they won't move on...they are so pathetically greedy they will gladly eat all the seed corn and starve. Did you learn nothing from the financial crisis? Then bad things happy....Germany 1932!
This coming from a MAGGOT who has 30 BILLION set aside for lawyer to litigate all the crime and fraud perpetrated by HIM!!!!
FUCK Jamie Dimon and fuck his daughter fuck his wife fuck his mother fuck his father fuck his grandmother fuck his grandfather fuck his future grandchildren fuck the sperm the created him and the hole he got pushed out of.
he should be publicly executed, not quoted. fuck him.
He speaks like someone who is long gold.
I see Mr. Dimon is trying to convince the mob to put a few less knots in his noose. In reality he should be asking for as many as can be fit on the rope (quicker that way).
Why in god's name would you want it to be quick?
If I had a bankster in the basement, the last thing I would give him is a quick death.
I'm thinking more along the lines of tying him to a pole and putting his feet in a hungry dog's cage. Each day moving the cage closer to the pole.
Better yet: put him into a vat of sulphuric acid, just concentrated enough to slowly dissolve flesh --- and enjoy his screams and pleas for mercy as he descends into the acid over the course of hours or days.
Ya sure but what do you produce with that besides more hate carnage and death? Break the cycle bro
Warnings. You produce Warnings.
.
Wanna break the cycle? Neuter all of his descendents.
I was implying that Dimon should want it quick. I should vote to ignite him on a stake in the middle of Time's Square.
The drunk boss is at the office party blurting out the truth. He must have been told he was turned down for membership in the big club.
When Soros, Blankfien, Buffet, Bernanke, Dimon, and the rest of that generation of bankster scum finally pass on after they've had their fill of transplanted 19 year old organs and 12 year old asians, then the US can have its debt endgame.
They aren't going to let this thing fall in the greediest generation's lap. It's party time until death, and then the debt load of a thousand worlds will fall on their children.
Dreamer. There are always more coming up. As long as the law does not stop them there will be others willing to do anything to take his place. They will have less inhibitions growing up in a more corrupt environment, less shame, less fear of the law. They will invent ever more creative and cruel ways to enrich themselves until they are stopped.
This is one time i have to agree with him...hwwever he is still a man without principal as the company he leads is perhaps the largest infuence in our future demise. Go fuck yourself Jamie you hypocrite.
We should just default, reduce government, reduce military spending, abolish income tax, abolish the FED, abolish most alphabet agencies, invest in schools, invest in the poor, reduce governments role in our daily lives, invest and increase incentives for manufacturing and small business to thrive and come back to America...oh wait none of that will ever happen.
Typo man, abolish schools and the poor for god`s sake!
No more forced government schooling, no more victims being intentionally produced for the benefit of socialist government mafia affiliates.
I see your point but I like everyone being able to read and such. I think what you mean is schools need a revolution. Schools primary goal today is to assess and evaluate. This is incorrect, a school should be a place to explore and learn. A schools main focus should be not testing but understanding yourself and the world around you. The poor? That is how you abolish the poor....by investing in them. Invest in their neighboorhoods, their schools, their infastructures...You cannot simply Abolish the poor..you need to help them. If we started investing heavily into poor neighborhoods. Renovating their schools, public transportation, and their communities it changes everything...So like I said, reduce government and military spending and do that with the money.
This can go on for a very long time. Look at Japan as an example.
Japan's stock market didn't jump back above its previous all time highs in six years.
No Class!
Says the classic limousine liberal that stumps (and donates by the truckload) for the Clintons and Obamas while also saying we must find the "will" for fiscal discipline.
Let them have cake!
and to add insult to the injury of having to listen to Jamie Dimon on ZH....judging by the logo behind him, he's speaking at the CFR. Just...fucking...perfect.
Thanks Tyler! What you gonna do for an encore? Post some pics of Hilary naked and spread eagle so we can all make our pukefest complete?
Wow, what a fucking prophet. It's not like the $500B US Taxpayers pay in annual interest due to these bonds was any indicator of this.
/sarc
This piece of filthy shit masquerading around as a human being, now lecturing folk after the massive fraud, theft, fines and bribes hes paid, overseen, approved, and more importantly knew of, now has the brass balls to stand up and give advice?
You filthy, low down piece of shit. Your day is coming son, enjoy the ones left you duplicitous thieving fucking criminal. You desrve being burned alive for the damage you've caused son, not just you, but you are without doubt the vilest human skin walking this planet. I can only hope you never know one more minutes peace in your truly disgraceful life.
Fucking traitorous scum.
And this waste of carbon looted the coffers out of the goodness of his heart.
Did a double take to make sure it was the Jamie "I'm bitchier than you" Dimon talking about the end game. The cunt's not wrong (for once) so we must be near the end.
......but the Republicans, Tea Parties and Boenher who are trying to restrict spending are bad. W inning T he F uture. :)
He knows what is going on..he is no clown, he is the master thief taking advantage of a system that permits him to and runs circles around the politicians. He knows the end game without any question...And you better believe that these guys are going to make a fortune riding this market down when the time arrives. No chance they are going to allow the President to take the credit of the SP meteoric rise...as much as they love these policies that the President permits because it allows him to pretend their is a recovery by his hand in the end he knows that when the tide turns the populist President will throw them under the bus much swifter than say a GOP establishment...and so the game of ping pong goes...good cop vs bad gop.
At least now we know that he is well aware of what is in store for us with certainty...AND I KNOW..Bernanke has the same thoughts running through his head but he will never admit to them..which is why it is YELLEN TIME...smartest move he made is doing all this damage and stepping out in the nick of time to allow her to continue these policies so they can toss the blame at her.
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.
____________________________
No kidding. The reserve currency status is hundred years old.
Yeah, 'americans' perform that kind of stuff clean of any drugs. They do not need that kind of boost to sink into fantasy.
Citizenism returns!
Made my US 'american' day!
You may now return to your regularly scheduled monolizing of the retardation means.
.
Holy cow! Are you speaking about Chinese citizenism citizens? Because you've just depicted the behavior of your typical Chinese citizenism citizens...
Rather stupid. In trade, there is something like trade routes and controlling trade routes is a huge advantage. Sad to have to remind this kind of facts where they were obvious to the common bronze age warlord. But hey, that is what people call progress in the Chinese citizenism driven world, debatting the obvious.
Ah, the seeking of symmetry in the mattering things, the inability to self-indict, and the offuscational diversions of the Chinese Citizenism citizen knows no boundings. They are blobbing-up to infinity and beyond.
Neverthelessismore, crusty is the truth of the roadside drawer-dropping eternal nature of the shitizen of glorious Middle Kingdom fabled past and present. Giving birth to brown baby Maos of both metaphorical and literal characterisms is their skill, the best at it. Have to dung hand them that.
Welcome to the Chinese 'asian' Shitizenism world. It's a corn-laden and slippery place, you'll see.
For Chinese citizenism citizens seeking coconutistically algebraic symetry, inability of self-indiction is somehow symetried on affinity to self-promotings. This Chinese citizenism propagandist was unable to resist promotings again today of his Just Killed Cat chain of Chinese citizenism fastfood franchises.
http://www.zerohedge.com/news/2013-10-15/meanwhile-real-world-americans-...
There is no equilibrium, only the pursue of imbalance. This guy once again touts the possibility of infinite dog wokking/roadside excretion and all. It is so stupid.
Your eloquescent utilization of the speaching means is certainly a thing.
The crustified mattering nature of it ups the conversation with double vigor.
lol++
The daddylonglegs spider is treated as harmless by all and sundry. A little known fact however is that this spider has some of the most deadly venom known to man. It is only that its mouth parts are too small to penetrate human skin, but try to imagine either being small enough to be this spider's prey or for the spider to be so large that you would become its prey that way. The stuff of nightmares.
Dimon I suggest you get a room over at Corzines pad. You're lighpost has already been picked out you fucking cockroach!
scumbag
After buying off most of the CONgresscritters for years to do JPM's bidding, I find it a bit ironic that Jamie has rolled on his fellow co-conspiritors...is he implying that this group of douche bags have served their purpose and are to be offered up as a "sacrifice" for the sins of the banksters?
Fuck you Jamie...for one hangs, all hang...
It's all part of the script. They filmed two endings in order to keep us guessing. Stay tuned for the next episode.
A total piece of shit!
the FUCKING AUDACITY of this PIECE OF SHIT lecturing us as to the financial condition of this country when HE'S the one who put us here due to his lying and thieving. JUST SHOOT THAT FUCKER. Who the fuck does this maggot think he's fooling? Maybe Maria Bartiboner.
What are you some kind of chihuahua?
what are you some kind of retrobate?
Even JESUS would tell us to just HANG THIS MOTHERFUCKER!!!
We must NEVER cut the socialism going to the job creators. THINK OF THE CHILDREN.
HEY DIMON.........STFU!!!!!!!!!!!!!!!
"I don't know if it will be two years of five years but it will happen."
If Jamie Dimon says it will be between two and five years, then doesn't this mean that it will be either less than 2 years or longer than five years, but definitely not between two and five years?
Jamie is taking in comfort that he owns 10% of Twitter
http://blogs.wsj.com/moneybeat/2013/10/15/twitter-lifts-veil-on-top-outs...
so every time Tyler Tweets ...
What if, with all his new found freedom and extra time, JD decides to become a Tyler and secretly submits an article as a guest contributor.
Will his article expose the naked underbelly and leave us wondering who is that masked man with the paper bag avatar?
Dimon was quick to assure shareholders that JPM was well positioned and that the firm would emerge from this crisis even stronger and more resilient, atop a world of fuming composted fiat. He added, "Wave THAT flag, bitchez"
Line all these fuckers up against the wall.
AK-47 full auto... high cap mag... chop them all in half.
too easy, hang them one at a time.
... by their scrotum.
Zero does what even Bill Clinton could never bring himself to do (he never had 9/11 as a backstop) and that is to threaten indefinite detention to any bond market maker who make waves because having a phoney market is a matter of national security.
Duplicate
If the game is non-national networks of wealth then mere national curriencies are pointless. The networks are indifferent to wealth preservation of other's wealth. The US is a hired gun, not a nation.
Neat way to put it, I'm the only one that like your post I guess lots did not get it.
In case it hasn't been seen yet here:
Chase Bank has moved to limit cash withdrawals while banning business customers from sending international wire transfers from November 17 onwards, prompting speculation that the bank is preparing for a looming financial crisis in the United States.
http://www.infowars.com/chase-bank-limits-cash-withdrawals-bans-internat...
And he and his ass hole buddies have been more than happy to pad their balance sheets by sucking money out of each and every issuance of debt for the last hundered years. I don't see him volunteering to give any of it back. So then he is just doing some monumental ass covering for his and the rest of the TBTF's responsibilty for creating the disaster in the first place.
It will tank right around the time the 2016 POTUS (s)election campaigns begin. That way the MSM, FSA, and partisan sheep can play the blame game distracting the popluace from the tyranny in this cuntry. Of course that would also be a good time for martial law and the suspension of an (s)election...unless of course Hilrod and Jeb run.
Who slipped Jamie sodium pentathal at lunch?
I'm not surprised by the reactions here to his pov though I think that people here and at large are misunderstanding what he is saying.
For me the high point of this short paragraph is that there are only two choices:
either tougher fiscal policies will be enforced by the "outside".
either American do it them-selves.
The way I read is like the other non sovereign coutries in EU, there won't be a real default, and like Greece "we" (I'm French but my fate is not different) are to be squeezed till the last drop...
He doesn't speak of doom day, subjacent to his pov is that the international banking system is going nowhere, it will enforce its will and rules even to the once (all)mighty America.
Imo the people here thinking he is lecturing Americans are completely wrong, he is a cynical bastard, like his friends, so he is not lecturing you (Americans) just spelling out how you are going to get eaten...
"...so he is not lecturing you (Americans) just spelling out how you are going to get eaten..."
He is not lecturing the average ZH reader, American or otherwise. This we know already. There is a thing called Newton's third law. Nothing is exempt from it just a question of where elsewhere it exerts itself. It may not show up in the obvious places and sometimes can be contained outside area the action is being exerted but you can't remove the reaction out of the overall system. Outside is not outside the overall system due to the construct and global interconnected nature of things.
I agree with you though I'm not sure you are right about a bunch of "zeroers", violence solves nothing, cutting one head of a hydra neither. Though I don't want to start a debate on weapons.
The thing is that I was pointing is the system is not a system or network of soverign nations as it seems you know, it is a network of people. They are interconnected indeed like the nobility throughout Europe was, nothing changed here.
People have always been powerless in Europe, my "foreigner" pov on "American exceptionalism" is that in some place ( I would say the further you go for the coasts) in US, something unexpected happened, a non "oligarchic" system tried to exist (it no lasted for long). It got defeated by oligarchs. My pessimistic view is that democracy (real) was defeated for a good reason, people are not worthy of being citizens. They don't care enough and worse there are some "scale" issue.
I watched the other day a conference by Joseph Tainter, a bulb went on as I did. Whatever the nature of a system, and say a system that at least try to be virtous, (if the circumstances are right) at some point it will grow too "complex" (going by the precise definition J.Tainter uses), complexity as a tool to solve problem faces dimishing returns if not ineffeciency.
Human I think search effeciency, when inefficiency is reached, there will always be groups, tinier, somehow less complex, and thus more efficient that are to take over, or at least short cuts. Like other tings it has a cumulative effect (they can either take over at last, or create too much troubles within the society). Ultimately my point is that any population that identifies it -self to an "entity/identiy/ I lack proper words..." that is "too big" is to ultimately lose to more efficient, lesser groups of people.
There are vivious thraits to that matter of facts, tiny groups are both to be overcome by bigger groups at first, but tiny group can really prosper within a well establish big group so to speak.
What I say is that we are doomed somehow and the system is set to remain an oligarchy till unforeseen future (as stated by Michel Cota a member of the tri lateral comission). A system as the United States (not UNITED STATES) is to loss against foreign power within which tiny groups have taken over (and leverage the power of) a big group of people (aka the nobility, and the bourgeoisy to financial parasites/plutocrates). You can't set a democracy, with lot of local power in the world as it is now, even if people were worthy to be citizens. For that to happen you would need something like "American exceptionalism" to happen at same time pretty globally which I thikn we will agree is unlikely.
From there, I've truned into a pessimistic and to some extend one cannot really escape "his birth" as a primary factor to define one's condition :(
Hey Jamie Dimon,
You're the load your mother should have swallowed.
Fuck you asshole.
We didn't even need to see this video or even read his comments. A picture of Jamie Dimon with the words "Council on Foreign Relations" on the backdrop was more than enough.
Dimon is like a looter blaming poor discipline, inadequate security, and lack of law enforcement for the chaos in a riot.
So "America knows the way, it doesn't have the will"
This jam didn't start in America and it has very little to do with America.
So essentially Dimon is admitting it is a Ponzi. But America has not the will to end it? For sure the banskters don't want to end it.
I think it would be best if we just end this sooner. I volunteer to take the butter knife to Mr. Dimons balls. Anyone want to clean up the mess?
So this is weird. I'm less self-delusional about what's fiscally/mathmatically possible than the highly educated and exalted ceo of jpmorgan chase. But I'm a nobody and a junior college drop out.
Disaster will be the end game, not congress suddenly acting responsibly, and he should know that but apparently he went to college too long.
Dimon may have another motivation in saying what he says.
He could well be telling those that are pursuing him to lay off or he will start telling more truths until the market panics.
Ok..how about a 12guage, Remington 1100 with the simple clip that adds several loads to his head. Any takers. I am sure Mr. Obama would call it a terrorist act however, most libertarians would laud it as "MERCY KILLING". Mercy on all those Americans whose lives have been destroyed since the Bankers all paid themselves and jacked up the stock market and put "us" our "kids" and every generation that follows under the forever debt scheme. It does not matter if you THINK you are debt free, they will come up with tax after tax that will enslave you forever. We might as well fight the battle now. Unlike faggot Boehner and the rest of the Pinko RHINOs and the Demo slaves, I am up for the fight now. Just got a nice M1 with many clips. We need to end this NOW.
Either stop paying taxes or start the war. Whatever..
s
Ahh ,Jamie Dimon sees the light -just before the entire shithouse goes up in flames. He couldn't see it while pigging out at the TARP trough from 2008 on. But alas mere seconds before the music stops - he has a "Road to Damascus" conversion. The timing is so well planned one might think its really all staged.
Jamie Dimon you are a sociopathic piece of shit. I pity your soul!
This guy should be in prison. Just 'cuz he tells the truth now, doesn't let him off, as far as I'm concerned. To the guillotine!