Celebrated financial blogger Max Keiser is fond of saying that the nine scariest words in the English language are “I’m from JP Morgan, and I’m here to help you.” He’s probably right, but did you know they are the main partner bank for the UK Post Office? No, I didn’t either.
The reality is that JP Morgan (Europe) handles all the welfare payment transmissions for the Post Office. (They’re into this welfare shtick in a big way in the States as well). So JPM has all the details of how much money HMG pays out in welfare benefits, and all the people on the recipients’ database. Continue reading →
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In this episode, Max Keiser and co-host, Stacy Herbert, discuss ‘wash trades,’ debt crises and the speculation on JP Morgan’s growing debt problem in London. In the second half of the show Max talks to Pierre Jovanovic of Jovanovic.com about JP Morgan ‘firing’ the Vatican, whether or not Jamie Dimon will last the year and what the future holds for French bonds.
(Lucas: This is a view of Lindsey Williams in his fear for the financial world collapse. I just ask to discern this message as it is just about the financial system failing is bad but the good to this collapse is not talked about.)
Lindsey suggests: Get out of paper assets, close your bank account, buy tangible assets; gold & silver, farmland, food. Banks runs now happening all over Europe, the sign to look for is the crack that will happen in the derivatives market which started with JP Morgan’s $2 (now $5) billion dollars loss, the Dollar will be dead by the end of this year no matter how good things look like right now. Derivatives Market Collapse Coming Soon!