JPM has been the "Shadow" banking arm(read power fist) for the Treasury/Fed Reserve since 1913. What's new, they manipulate the gold futures and anything else on the Gubimints agenda and always will. Sheeeesh
U.S. Economy: Golden Dreams, Fallacies and Nightmares [View article]
"Just like in 1933-1934 gold will be outlawed so only bankers can hold it. We must hope for something in between."
I don't think this time around that is even remotely possible, as any enforcing agency will receive a pretty likely higher dose of lead than Gold at the front door.
Why Bank Nationalization Will Never Happen [View article]
This author makes valid points, however the aggregate losses already by share/bond holders in AIG & FRE & FNM easily have already eclipsed those of C & BAC in future terms. So, no big deal if C & BAC go the same route.
As gold continues to rise, the real collapse will be in the derivatives tied to Gold, this will be the cut, that infects the entire system. As usual the patient will be administered antibiotic too little, too late.
The Danger in Financial Stocks in 2009 [View article]
I'm very negative the financial arena. But, unless they fail in big groups of 2-3 or more, I think the Fed can maintain perceived stability with their blatant propping program.(BPP)
As an aside, guys like Buffet, throw a lot of dart's, they all don't hit paydirt. Ask him how wise he was on the 950 Million Netjets purchase a few years back, still bleeding cash......
Citigroup's Derivatives Reduce Bailout to a Non-Event [View article]
Okay gents, lets just say that 3% of netted derivatives implode over the next 24 months globally. Considering the outside box probabilities of some currency implosions here and there and then impute some government risks/mandates to come out of nowhere.
3% of 643 Trillion is a boat load of Cash, I don't care who's cash it is, 19+ Trillion cannot be printed nor fixed. Implosion will be the result IMHO.
JPMorgan Chase: Poisoned by Bear's 5,000 Counterparties [View article]
I often ponder when/if the true liabilities of JPM or GS will ever come to be open and factual ? Can it be that the status/exclusivity of these two monsters will ever be exposed.
Weekly thinking makes me think no, unless the the whole card system implodes, at which point in time it just probably won't matter.
JP Morgan: Worth Banking On - Barron's [View article]
Personally I think the only reason JPM is still halfway solvent is because of their acquisition of Bear Stearns. It allowed them to close out/wash counterparty claims in the derivative dept that would have started the massive dominoe effect.
JPM's present derivative exposure is still grand enough to bring down our entire system and no one apparently gives a hoot.
JPMorgan Consistently Fares Better Than Its Peers [View article]
To myself JPM is the single serious barometer of whether we as a nation could really fall into a 1929 style depression. Their derivative exposure exceeds any investment house in the US by a large margin, in the Trillions. Guess the central banks/fed reserve have given the media instructions on what "not" to say about JPM.
The Next Goldman Acquisition [View article]
Meredith Whitney Ratings [View article]
Why Isn't JPM 'Too Big to Fail?' [View article]
Banning M2M: The Worst Mistake in History [View article]
U.S. Economy: Golden Dreams, Fallacies and Nightmares [View article]
I don't think this time around that is even remotely possible, as any enforcing agency will receive a pretty likely higher dose of lead than Gold at the front door.
JPMorgan's Dividend Cut Is a Clever Move [View article]
JPM is the hired paintbrush for the US Government and have a financial attitude like they are above the law.
Why Bank Nationalization Will Never Happen [View article]
As gold continues to rise, the real collapse will be in the derivatives tied to Gold, this will be the cut, that infects the entire system. As usual the patient will be administered antibiotic too little, too late.
Is JPMorgan Immune from Investigation into Spring-Loading of Options Grants? [View article]
The Danger in Financial Stocks in 2009 [View article]
As an aside, guys like Buffet, throw a lot of dart's, they all don't hit paydirt. Ask him how wise he was on the 950 Million Netjets purchase a few years back, still bleeding cash......
Citigroup's Derivatives Reduce Bailout to a Non-Event [View article]
3% of 643 Trillion is a boat load of Cash, I don't care who's cash it is, 19+ Trillion cannot be printed nor fixed. Implosion will be the result IMHO.
JPMorgan Chase: Poisoned by Bear's 5,000 Counterparties [View article]
Weekly thinking makes me think no, unless the the whole card system implodes, at which point in time it just probably won't matter.
JP Morgan: Worth Banking On - Barron's [View article]
JPM's present derivative exposure is still grand enough to bring down our entire system and no one apparently gives a hoot.
JPMorgan Consistently Fares Better Than Its Peers [View article]