Update: On Friday April 26, JPM customers (US government??) added a whopping 558 contracts (55,800 troy oz.) to the totals reflected in this article. The CME group daily report can be found here, but note, these daily reports go into Never-neverland when the new one comes out (so save it if you want it for […]
Originally posted on Washington’s blog Preface: Not all banks are criminal enterprises. The wrongdoing of a particular bank cannot be attributed to other banks without proof. But – as documented below – many of the biggest banks have engaged in unimaginably bad behavior. You Won’t Believe What They’ve Done … Here are just some of […]
Here we are bailing out the big banks and yes, John Key gave billions to the IMF to do just that and Jami Dimon whose bank JPP Morgan has been a recipient of bailout money while they were scamming the system with Derivatives and he has the gall to tell us that we don’t know […]
As more and more of us begin to understand the grand scam that is the banking world here are what is happening to some of the top banksters and it seems they are getting ready to ramp up the scam a notch even though some of them are in jail. First of all there was […]
The nation’s biggest bank by assets, JP morgan, has lost more than $22 billion in shareholder value and $28 billion in market value since the London Whale was made public in April 2012 according to Bloomberg. Much reported and demonstrative of just how well the TBTF CEO’s up-on-high have it, Dimon originally called the reports of a […]
Over the past couple of days rumours are circulating that a big banks is on the verger of collapse and many of them associate that banks with JP Morgan. This just crossed my desk and if true we are looking at apocalypse! Here is a iconograph showing the exposure of the five to big too […]
Not that you’d read it in the mainstream media but there is no recovery from the collapsing financial world any time soon. What could be up to 1.5 Quadrillion in derivatives is going to disappear and includes the ones our government has invested in! Bankia the Spanish bank which totally collapsed in the last two […]
For those of you who bought into the hype around Facebook going public I have only to say one word: Bubble! That is what banks do and that is what they have done again and after the dotcom bubble collapse the housing bubble you should have known better.
As the global financial collapse spins out of control our Prime Minister, John Key wants to bring the same banks up to their necks in fraudulent activity to New Zealand. His Financial minister invested $112 billion of borrowed money in the products now collapsing our global economy while the 1.2 quadrillion bubble built buy these criminals is being exposed for what it is: a digital phantom “worth” more than 20 times the Global GDP. Do bankers really lie whenever they open their mouths?
Today it emerged that the Greek drew another billion Euro’s out of their banks and yesterday the Spanish took a billion out of the partly Nationalised Bank. This is the scariest development yet but it will only spiral out of control from here on. Look for bank runs in Ireland and Italy and possibly in […]
Warren Buffet once famously called Derivatives a financial weapon of mass destruction but that hasn’t stopped the out of control banking sector to build a bubble worth $500 trillion to 1.5 Quadrillion and since the profits were privatised while the losses were socialised there has been no risk for the banksters. So if you have […]
Today’s Meet The Press PR damage control campaign orchestrated on behalf of Jamie Dimon by the fawning press was just another attempt at redirection, in which a faux contrite Jamie Dimon promises that as a result of being ’100% wrong’ about his prior “Tempest in a Teapot” description of the Bruno Iksil debacle, he […]
If you think a $2 billion loss at JP Morgan is big just wait until we get to the collapse of the estimated $500 trillion to 1.5 Quadrillion derivatives bubble collapses. When news broke of a 2 billion dollar trading loss by JP Morgan, much of the financial world was absolutely stunned. But the truth […]
As I reported yesterday JP Morgan’s CIO group lost $ 2 billion. Jamie Dimon JP Morgan was quick to blame himself which considering he is a committed psychopath begs a few questions. For one psychopaths don’t usually take responsibility for their failures unless it solves other problems such as what will happen to the […]
Out of nowhere, JPM announced 40 minutes ago that it would hold an unscheduled 5 pm call to coincide with the release of its 10-Q this comes straight after it became public that one of its subsidiaries had gone bankrupt. The subsidiary gone belly up was according to Zero hedge the world’s largest “prop” trading […]