On Fiscal Cliffs, Three month Breaks From Washington’s Wars, and the Derivatives Bubble

By Dr. Paul Graig Roberts The “fiscal cliff” is another hoax designed to shift the attention of policymakers, the media, and the attentive public, if any, from huge problems to small ones. The fiscal cliff is automatic spending cuts and tax increases in order to reduce the deficit by an insignificant amount over ten years […]

What Was Not Said During JP Morgan’s Jamie “tape worm” Dimon’s Media PR Campaign

  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 […]

$ 500 trillion to $1.5 Quadrillion in Derivatives or why $2 billion is just the beginning of the end

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 […]