Jamie Dimon Bets Trump Will Last Only One Term As President

Tyler Durden's picture

In an October 2017 interview, Jamie Dimon famously lambasted Bitcoin as a “fraud” and the people who bought it as “stupid” which, temporarily, halted the ascent in the Bitcoin price. It also led to much heated debate in the mainstream media and much anger across the crypto community. In a just as incendiary follow up, Dimon sat down for another interview, this time as “The Economic Club of Chicago”.

We wondered whether he would confirm recent reports that JPMorgan Chase would buy and sell Bitcoin futures for clients after the upcoming launch on the CME. Sadly, he wasn’t pressed on this question. Instead, he had some striking comments about the longevity of Trump’s Presidency, as Reuters reports.

Jamie Dimon, chief executive officer of JPMorgan Chase & Co, on Wednesday said he expects to see a new U.S. president in 2021 and advised the Democratic party to come up with a “pro-free enterprise” agenda for jobs and economic growth instead. Asked at a luncheon hosted by The Economic Club of Chicago how many years Republican President Donald Trump will be in office, Dimon said, “If I had to bet, I’d bet three and half. But the Democrats have to come up with a reasonable candidate ... or Trump will win again.”

 

Dimon, who in the past has described himself as “barely” a Democrat, has been going to Washington more often since the 2016 elections to lobby lawmakers on issues including changes in corporate taxes, immigration policies and mortgage finance.

 

In December, Dimon became chairman of the Business Roundtable, an association of CEOs who take their views to government policymakers.

As Bloomberg adds, Dimon had “several digs” at Trump during the hour-long discussion which covered issues from the current tax reform, lessons from the financial crisis and gender equality in the workplace.

Regarding the nation to the south, Dimon said that “we should never be rude to a neighbor like Mexico." Dimon conceded that sometimes the president is "partially right,” like on his stance with China, which has unfair advantages in terms of trade. And the CEO offered his opinion that Detroit Mayor Mike Duggan should be president, based on the job he’s done with that city.

 

Dimon, who is chairman of the Business Roundtable in addition to running the largest U.S. bank, also proposed what he’d like to see in the tax overhaul that Trump aims to make the signature achievement of his first year in office. The U.S. needs to cut corporate rates to keep businesses from moving abroad, even if that means raising rates for wealthy individuals and removing the carried interest tax break for investment managers, Dimon said.

Pushing negative tax rates for low income individuals and limiting state and local tax deduction, because it benefits the wealthy, Dimon was on fine form in terms of showing his “caring” side. From Bloomberg.

“I don’t think the private equity guys should argue for carried interest, I don’t think the hedge fund guys should be arguing for deferrals, I don’t think I should argue for reducing my rate,” he said. “If you want to raise my rate, so be it.”

Moving on to gender, race and how he loves his job, Bloomberg reports.

Dimon spoke for several minutes about discrimination over gender and race which he said is not acknowledged enough in the United States. “If you’re white, paint yourself black and walk down the street one day, and you’ll probably have a little more empathy for how some of these folks get treated,” Dimon said. “We need to make a special effort because this is a special problem.”

 

Dimon gave his own bank a mixed review on diversity. His direct reports include people who identify as lesbian, gay, bisexual or transgender (LGBT), and half are women as are 30 percent of the top 200 JPMorgan executives, he said.

 

Now in his 12th year as JPMorgan’s CEO, Dimon also reflected a bit on his own role. “I basically love my job,” Dimon said. “I mean, it’s tiring; it’s exhausting. I have to go down to Washington all the time and it’s a big pain in the ass, but I basically love my job.”

Bloomberg also reports that Dimon is going to write a book about the financial crisis. We presume he means the last one, not the one that’s coming, although if he waits a little longer, he should be able to do both. If it’s the last one, we look forward to hearing why JPM, as Lehman’s main “clearing” bank, deprived Lehman of billions of dollars of collateral just prior to the latter going bankrupt. JPM was subsequently fined $1.42 billion.

As for Jamie Dimon, he is worth over a billion dollars. He is also, infamously, "richer than you."

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Grandad Grumps's picture

And he knows because he is richer than you. And Trump will be relaplaced by Lisa Simpson.

i-dog's picture

Trump won't need to serve 2 terms to drain the swamp.

He's already making major inroads into the creeps.

Croesus's picture

I'll only be satisfied if I see 'swamp creatures' losing everything.

IntercoursetheEU's picture

Financial swamp crearure, top of the food chain.

ParkAveFlasher's picture

If this statement is anything like his BTC Gartmanism, Jaime will turnaround to full-fledged MAGA endorsement within a matter of days.

Scar Bro's picture

Is Dimon jewish? 

This is the problem our society has. There is literally no way to tell. His wife is jewish, all his friends are jewish... but apparently he is not....but Harrison Ford is. 48% of billionaires are Jewish whilst accounting for just 2% of the population. It's because they are more intelligent? Yeah, well the stats don't support that. It's not what you know, it's who you fucking know and if I want to be rich, ive got to make rich people want to do business with me. If 48% of all rich people are jews.... then I gotta start doing shit jews like... MAybe I should support aid payments to Israel? Maybe I should support ANY WAR Israel wants? Maybe I should cancel christmas, Maybe I should put references to jewish culture in EVERY FUCKING PROGRAM ON TV cause hey, it's relevant to 2% of the population - fuck mexicans Maybe I should be a traitor to my country? Maybe I should be plotting against the leader of my nation. Trump needs to do to this guy what Putin did to Khodorkovsky (who is incidentally, a billionaire... and also a jew with connections to the Rothschilds)

Handful of Dust's picture

He and the other bankers are mad because they pissed off millions supporting crooked Hillary and she lost by a landslide.

The DNC has to come up with some reasonable candidate like who?

Maxine/Conyers, 2020?

Joe 'pedo' Biden/Tim Kaine, 2020?

The wookie/Dona Brazille, 2020?

The Dem leadership already said "it don't wont no white folks in da DNC" so Biden and Kaine will have a rough time of it.

Trump is not prfect but remember he is fighting on all sides -Swamp Creatures, MSM, Hollywood, Demorats, Repugnicans and all the soros funded terror groups.

He's still 100% better then Hillary!

Philo Beddoe's picture

Oprah and a white guy (does not matter who). That is my guess. 

Escrava Isaura's picture

Trump is one term President because his policies will be a disaster for the swing voters.

And, if the democrats come up with a new face, faces the likes of Oprah Winfrey or Mark Wahlberg they will crash Trump, because these people won’t be political correct, meaning sounding like a lawyer.

 

Jack McGriff's picture

There was a 93% chance of Hillary winning the election, but how'd that turn out?  Jamie Dimon don't know shit from shinola and is so out of touch with WHITE America it isn't even funny.

HowdyDoody's picture

A view from Israel: Israel's Deputy Foreign Minister slams US Jewry - "They never send their children to fight for their country"

https://www.haaretz.com/israel-news/1.824553

https://www.youtube.com/watch?v=CuEglBAbXSA

Richard Chesler's picture

Dimon you Fucking loser corrupt POS bankster.

sodbuster's picture

POS Jamie is rarely right about anything. The only shit he is usually right about is the stuff he can manipulate. A total low life piece of corrupt dog shit.

malek's picture

>Oprah Winfrey or Mark Wahlberg

Not crazy enough. My pick is Kamala Harris.

Plus you forgot to mention how great Obozo's politics were for the swing voters, and how much better Hitlary would have been for them.

Chupacabra-322's picture

@ Hand,

They’ve “painted” themselves in a corner. No pun intended. They’re can’t run anyone “White” much less a white male. To do so would be “Racist!”

Got The Wrong No's picture

So Black Women it is. Opera or the Tranny. 

Uncle Sugar's picture

The wookie tranny. Not a good visual before dinner

lil dirtball's picture

> just 2% of the population

This is a (((meme))). It's way larger than that, but the deceptive (((fuckers))) that they are, like Dimon, makes it hard to tell who's who. It's probaly better than 50%. For instance, a lot of Scottish-sounding names are Jewish.

"There are 66308 surnames belonging to that nationality that we know of. "

http://www.americanlastnames.us/last-names/Jewish/index.html

http://mileswmathis.com/updates.html

RumpleShitzkin's picture

There will be a street level test to identify the corrupt and degenerate crypto-juice gene with 100% accuracy very soon.

That will be their lucky ticket to their new sealed off Madagascar homeland.
Forever.

shitshitshit's picture

What Dimon is or is not does not really matter.

It's the structure behind him.

If he comes up to say this, it's because their models and assumptions are telling them this.

But this doesn't necessarily mean they're right. Think about what they thought about the outcome of the previous election to begin with, and realize their models have not been so heavily modified to take into account the "populism" (which is nothing more than popular reaction to ruthless oppression).

Therefore chances are they're wrong again. I'd bet on this easily.

All of this because I know the economic/socionomics models used are totally divergent in case of hysteresis in initial conditions. These stupid models work very well as long as we are in a stable situation, which is far from being the case nowadays.

Who would have guessed... 

 

Scar Bro's picture

Hey, I'm glad you don't think it matters that half the rich people in this country are affiliated to a single religious minority.

I'm glad you don't think it's an issue that our government supports, overwhelmingly, against our every interest, a single, artificially created nation which just by chance happens to be of the same religious minority that dominates our country financially.

I'm glad you're not worried about white people in this country being literally beaten over the head on a daily basis by this religious minority, with the accusations of being responsible for evils of every 'ism'.

Hey, I'm Harvey Weinstein, I rape women, and I'm jewish but I'm white.... so guess what? white male's fault

Hey, I'm Aaron Lopez and I own one of the biggest slave trading companies in the world and I pose as a catholic whilst, in secret I practice judaism, but I'm white..... so guess what? white male's fault

I'm glad you're not worried about an Islamic invasion of our lands just so this religious minority nation can expand it's borders amid the chaos.

I'm glad you're so so relaxed about all this. I wish my brain could be so chilled out.... docile even.

shitshitshit's picture

please indulge yourself pal.

if you think I don't think (((it))) because I don't mention (((it))), then you're misleading your poor soul.

However I never take (((this))) as a decisive argument in any case, it's just the cherry on top, the icing on the cake.

(((It))) only serves as a post verification confirmation, never as an initial argument, because we would miss out on the other crooks if we only discriminated according to (((this))) only parameter.

 

Scar Bro's picture

This single parameter seems to feature quite overwhelmingly in negative events in the world, past and present. One would think it's worthy of attention in isolation. One would think that the stigma associated with recognizing and drawing attention to the influence of this parameter itself is a problem worthy of being looked into. Moreover, to combine this parameter with a multitude of other possible parameters serves to understate it's influence and that itself seems deceptive. What do you think?

shitshitshit's picture

If you fight too bitterly and mercilessly your enemy, you will end up like him, therefore having lost your humanity:

https://www.haaretz.com/israel-news/.premium-1.560128

The last thing you want is lose your life pestering and making yourself sick of things whereas your enemy would be defeated by the mere fact of you leading a happy life with real friends and family.

lil dirtball's picture

> it's just the cherry on top, the icing on the cake

(((It))) is the cake. Everything else on top of it is superfluous. The (((cake))) is the entire underlying structure. Whom do you think cobbled this (((nation))) together? Whom do you think runs it - and everything in it? The global scale won't be mentioned in this post.

> the other crooks

The 'other' crooks are either invited or are allowed to exist for some enhancement or benefit to the (((cake))).

You got your stuff all backwards; it's by design.

shitshitshit's picture

looks like your sensibility was hurt.

lil dirtball's picture

Men think; women feel, girlie.

Go ask your superior officer if that isn't true.

shitshitshit's picture

armchair freedom fighters are nowhere to be seen when it comes to actions.

 

Hikikomori's picture

Maybe you should stop whining, and blaming your lack of success on everyone except the real person to blame - yourself.

Alessandro1987Rossi's picture

WOW you are so pathetic!!

 

You probably some redneck man kid around 25-35 not married and no kids.(I’m not surprised)

Everything that happen in this world you blame the Jewish people(for no reason in my opinion) I feel sorry for you, you suffer from severe brain wash and it’s seems like you just need a hug.

 

Instead of heating people that you don’t know in person. And the only thing that you actually know about the Jewish people are from Anti-Jewish propaganda, open your eyes, open you ears and open your mind and who knows you might be surprised to learn new things.

 

Before you go on the offensive and start to reply “Hasbara” or “Jewish lover” I’m not. Just a guy who opened his eyes to hear the flip side of the story.

Try it.

 

BTW – all the things that you wrote about the Israeli wars are bullshit. It is not even close to the truth. Check your sources my friend.

shovelhead's picture

Germans had no problem heating Jews...

They warmed them right up.

Alessandro1987Rossi's picture

Nice asnwer man, really nice.

you prove your point 

Mr Pink's picture

"Anti-Jewish propaganda".....that's funny. Those poor Joos....always the victims of propaganda

Alessandro1987Rossi's picture

 yeah right...................LOL  and you guys are sooooooo Realistic about the Jewish story………

 

 

Racism at its best.

rent slave's picture

The Jews are solely responsible for not allowing NJ to take bets.$heldon and $teve used Goodell as their pimp in the courts.And who the hell ever heard of individuals in another state blocking what another state-not remotely close-chooses to do?They recently killed 58 goyim in Vegas to threaten 9 in Washington.

Alessandro1987Rossi's picture

Oh, this is new to me.. I didnt knew that the Jewish pepole are the one to blame in the Vegas Massacre.

 

However, to tell you the truth I’m not surprised at all that you think like that.

as Humans we always need someone to blame and it is the easiest to blame someone else, Even easier if everybody already hates him.

 

I bet you don’t know why you hate the Jewish people, probably your father raise you like that and his father and his father father and so on and so on.

Why? Just because this is the consensus.

Haven’t you notice how all the Anti-Jewish comments start with “The Jews think they are the victims….” . no matter what happens on this planet it's because of the Jewish people, right? You know what? A real Lion does not give a shit what the street cats have to say….   

 

I wish you all the best “Neshama”. 

BabaLooey's picture

Someone please bitch slap the fuck out of this cunt.

This prick is a scourge on society as a whole. The planet. 

The SS missed his ancestral family - dammit

dark pools of soros's picture

If your a jew, paint yourself Christian and try to run for office to really see how the shitbags that ruin this country slander you

charlewar's picture

Without a bailout of his bank, Dimon would be selling pencils with erasers on a street corner. What a buffoon.

house biscuit's picture

Prime example of the weak correlation between intelligence & success at the executive and governance levels

MoreFreedom's picture

I'll bet Dimon is out of his job before Trump is, even though Dimon is 10 years his junior.  I think he doesn't like Trump, because he can't count on Trump to bail him out.

Everybodys All American's picture

Just a reminder to all who may not be keeping up with the politics. Jamie Dimon was the marxist con man president Barack Obama’s chosen banker. That is all you need to know about why this story was produced by the globalist cabal.

Cash2Riches's picture

Awesome, so essentially what he is saying is that Trump will server two terms. As everyone now knows, you do the opposite of what this clown says. Perhaps he should reflect on the massive fraud within his system, that he is complacent in.

Arnold's picture

Nominate Bill Bradley.
Mo Udall?
Jack Kemp.

FoggyWorld's picture

He is part of the Clinton Slime making machine.  Liked the Clintons, you will love McAuliffe.

rent slave's picture

Dick McAuliffe has a much better chance-and he died last year.