Jamie Dimon is a threat to the Fed and global banking system. SOURCE: Coming losses to be reported are 18 (not 2) billion. It’s clear now that JPM’s stock will go the way of Enron and Lehman as we predicted more than a year ago.

33 comments on “Jamie Dimon is a threat to the Fed and global banking system. SOURCE: Coming losses to be reported are 18 (not 2) billion. It’s clear now that JPM’s stock will go the way of Enron and Lehman as we predicted more than a year ago.
  1. Tritone says:

    Dudes!
    the fatal flaw is that JP Morgue has to report to shareholders.
    These banks just digitally create money
    They will just buy all bank shares back with the ” printed money”
    and tell everyone to take a flying “FU#!” and keep doing it in private
    Just like the FED because that is what they are!

  2. Robert Mockan says:

    One can only wonder what they are hiding now. Their “admission” happened because they were going to get caught about something bigger, and this misdirects attention. Now they will have a song and dance ab out correcting the problem (more regulations?), and of course they will be suggesting the corrective action.

    Whatever this is really about it is not 2 billion, or 18 billion. Probably the losses are in the trillions, and the perps responsible were about to be found out.

  3. MirrorMirror says:

    .

    PUNCH & JUDY SHOW …. 350th. Anniversary

    Great comment at the beginning !!!

    http://www.youtube.com/watch?v=JbK17RgcWQg

  4. My old YouTube buddie “Somewhereone” made this video for Dr. Alan Sabrosky, Editor of Veterans Today, and former Director of Strategic Studies at the US War College, to illustrate his point that Washington is a “Lost Cause” because it has so long been “Enemy Held Territory”… Marcus Tullius Cicero warned us over two thousand years ago of the same “Dark Forces” that infiltrate and conquer great nations by stealth. Cicero was alarmed at the debasement of Roman Curency! http://www.youtube.com/watch?v=IHMwf6I4Yz8

  5. Rorschach's journal says:

    Golds fell through 1600 which I predicted when you Max were predicting 2000. Yeah Yeah there pushing it lower on the back of bad news in JP Morgan … or are they?

  6. pm says:

    I’ll believe it when i see it. Otherwise, plan on another massive bailout.

  7. SilverPorno says:

    Interesting things unfolding here, but 18 billion is nothing to JPM surely?

    Hmmm, perhaps this is a polite ‘nudge’ to some investors and the real figure which will be revealed is a lot, LOT higher…?

  8. JonnyJames says:

    Too big to fail, too connected to go to jail. When JPM is allowed to go under, so will the US Empire and the dollar system. Like article says, expect more bailouts and Fed “easing”.

  9. Alex says:

    When does the news about the $18B come out. I just put in an order with my physical dealer for 2 monster boxes.

  10. Jim says:

    Is this THE black swan???

  11. flicks says:

    Hope mainmedia will interview Bill Black now. He has to be put back in charge of regulation and round up all the rampant loonacy.

  12. @M&S,

    just like Max always says, NEVER believe the initial number these tapeworms report in losses. it’s always “ooops! we found more debt and losses than we thought” at a later date.

    something tells me they lost ALL $200 billion (not that it would matter since these zombie banks are all bankrupt 1,000 x over)

  13. davem says:

    Do you think they’ll try to pin this as usual on a rogue trader?

    How they get away with the rogue trader nonsense? Anyone working in an investment bank knows this isn’t possible with all the technical safety triggers, and tracking.

  14. Bonn says:

    http://www.youtube.com/watch?v=DiCxqbT2Ru8&feature=related
    Robin Williams – Weapons Of Self Destruction

  15. Eric says:

    @pm
    I’ll believe it when i see it. Otherwise, plan on another massive bailout.

    Aye, the are only two constant when dealing with kleptocrats – they are stealing and they are lying.

    The use of collective WE instead of collective YOU is at the top of their list of lies.
    This matches their view of wealth, what is YOU (yours) belongs to WE (us = me).

    Klepto-speak: WE lost $2B.
    Vernacular english: YOU lost $2B*
    * plus interest, fees, and anything else we can think of when dealing with BANKS, GOVERNMENTS, or similar pseudo-personhood INSTITUTIONS.

  16. Teri Buhl says:

    We need a little more on that quality of that source Max. Are they familar with jpm cio team, are they from jpm prime broker, are they a hedge fund who is a countryparty on the trade, have they seen the actual size of the trade?

    Davem – Jamie has already admited it was a risk management fault so no there will not be a rouge trader spin coming from the fallen CEO.

  17. Harry says:

    What/where is the source for the 18B $ figure?

  18. kdt says:

    @max please look in to what the squamish nation is doing , they have there own bank and look to be atempting to bootstrap an internal econimy from the botom up along with trying to evict the government of canada from B.C.
    http://www.youtube.com/watch?v=a0lwSkWMEao&feature=related

  19. Ray in Vancouver says:

    But, but, but, but JP Morgan is the Fed. ;-)))))

  20. Harry says:

    @Ray in Vancouver: indeed, so they cannot go bankrupt. Expect another bailout. Who else can do the PM suppression duties?

  21. dana2 says:

    Really – we can’t have too much reality seeping in during market hours – but after they close things might get interesting.

  22. kdt says:

    @Everybody the info on this vidio is the basis of the matrix we live in. once you understand it the exit is eazy to see and all you need to do is open the door and walk out a freeperson(warning there will no longer be a ‘master’ there to take care of you.)
    @fbeard toward the end she refers to her self as “the creditor” and the states “leagel fiction” (her SS#) as the “debtor” this consept is at the core of your missunderstanding of where “curency” gets its value and why it is a MORTAL SIN for ANYONE to inflate by ‘simply’ printing piles of cash , that scrip represents pure LIFE FORCE and as such it is holy! to pretend to create life force is to spit in the face of god! it is that bad , there is no greater crime possable short of direct murder, and even that is an open question !
    http://www.youtube.com/watch?v=_feEaLk7vO0&feature=related

  23. Eric says:

    Is it me, or is all the news starting to look as real as a Kenyan’s US birth certificate.

    http://www.wnd.com/2012/05/sheriff-joe-demands-obama-draft-registration/

    White rats abandon sinking ship:

    ttp://www.bloomberg.com/news/2012-05-11/facebook-co-founder-saverin-gives-up-u-s-citizenship-before-ipo.html

    What’s next? Black Swan poop sightings . com opens new internet site.

  24. kdt says:

    @max this needs looked at what the freeman movement is pointing to is the basis of the debt system it’s self http://www.youtube.com/watch?v=qCE4gkCUT78
    it is your name in all caps your “legal”identity STOLEN from us all at birth and used as colatral on all this debt. (wich is how they can asign an exact amount per capita btw) . but it is all based on that original THEFT of your legal identity making every official interaction sence then leagaly void wich is why all payments are volintary untill you go in to court and EXECEPT responsabillity for your “leagle” identity by PLEADING to there “rules” insted of asserting COMON LAW rights. wich is one aspect when your on the defencive , but what about offence? what if we all sued them for copyright infringment , theft of intelectual property, and unlawful use? force them to justafy there contracts across the entire population im thinking the system could not even deal with a small % of the population doing somthing like that

  25. trish says:

    Teri Buhl | May 11, 2012 at 7:01 pm |
    We need a little more on that quality of that source Max. Are they familar with jpm cio team, are they from jpm prime broker, are they a hedge fund who is a countryparty on the trade, have they seen the actual size of the trade?

    Davem – Jamie has already admited it was a risk management fault so no there will not be a rouge trader spin coming from the fallen CEO.

    Very Good Points

  26. Mary Genoud says:

    No way can JPM go belly-up before I sue them for human right violence and theft!!!

  27. badsey says:

    http://www.bloomberg.com/video/92465009 (JPMorgue situation/tip of the iceberg)

  28. Neville Bartos says:

    Where are you getting the $18 billion figure from?

  29. User2323 says:

    Well my question is if it’s a $100 trillion industry, why would tens of billions mean anything at all?

    At any rate I’m guessing this is the new way of doing business in America — bailout capitalism. Maybe these billions in bets were the fulcrum of something larger and potentially more disastrous, and since this is an election year they’re blackmailing Obama to get him to replace these synthetic bets with actual $.

    Heck, Obama’s gay donors got him to jump pretty high the other day. I bet JP Morgan (and who knows who else is out there) wants to pile into this gravy train in a big way.

  30. User2323 says:

    Sorry, I shouldn’t describe them as “gay donors.” They are just ordinary citizens with a cause :) Just like JPM will be when they threaten Obama with financial apocalypse if they don’t get their way :)

  31. laurie says:

    Natural progression DUMB, DUMBER, DIMON

  32. V says:

    If the morgue goes belly up, who will they pass the silver manipulation rigging operation to?

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