Back in the summer we wrote about an IMF report that flagged Deutsche Bank as the “most important net contributor to systemic risks” (see “‘Deutsche Bank Poses The Greatest Risk To The Global Financial System’: IMF“). Those who read our site frequently were likely not terribly surprised by the IMF’s conclusion.
Among the G-SIBs, Deutsche Bank appears to be the most important net contributor to systemic risks, followed by HSBC and Credit Suisse. In turn, Commerzbank, while an important player in Germany, does not appear to be a contributor to systemic risks globally. In general, Commerzbank tends to be the recipient of inward spillover from U.S. and European G-SIBs. The relative importance of Deutsche Bank underscores the importance of risk management, intense supervision of G-SIBs and the close monitoring of their cross-border exposures, as well as rapidly completing capacity to implement the new resolution regime.
That said, we suspect the latest ranking of global systemically important banks (G-SIBs) by the Financial Stability Board may be a bit more surprising to our readers, among others, as it features two of America’s largest banks right at the very top. Continue reading »
– EXCLUSIVE: The Hidden Billionaires behind Trump (June 27, 2016):
Trump desperately needs to get his tiny hands on some cash to fund his presidential campaign. On TV, Trump may play the role of a gazillionaire, but the reality of his reality TV persona is that it’s all paid for with other people’s money. His self-funding pledge is going the way of all Trump’s promises — down the gilded crapper. This week on The Best Democracy Money Can Buy: Election Crimes Bulletin, we focus on where and how Trump is going to get his campaign funds — and the deal he’s made with Wall Street’s devils in order to get it.
TRANSCRIPT (Originally broadcast on June 22, 2016)
Dennis J. Bernstein: All the news is about how Hillary has raised zillions and Donald has a mere one or two million dollars… I thought Donald Trump was a billionaire — he could pay for anything!
Greg Palast: Yeah, that’s the TV show, isn’t it? As he says, he loves debt. So, yes, he has a lot of money, OPM, other people’s money. He’s an OPM addict, and other peoples’ money addict. But as far as using it for himself, there’s very good reason, he doesn’t have close to what he’s talking about. So just like bank robbers, he’s going where the money is.
DB:He’s got some cagey friends? Continue reading »
Having already been under selling pressure today, a tweet from Fox’s Maria Bartiromo suggesting CEO Jamie Dimon is about to be offered the job of Treasury Secretary, pushed JPMorgan shares notably lower.
— Maria Bartiromo (@MariaBartiromo) November 16, 2016
— Maria Bartiromo (@MariaBartiromo) November 16, 2016
Shareholders are not happy… Continue reading »
‘Anti-establishment’ President Trump considers Illuminati bank JPMorgan’s Jamie Dimon for Treasury Secretary …
Trump and Clinton are both Rothschild puppets.
One week ago, when the prospect of a Trump presidency was “calculated” as being anywhere between 0% and 20% by so-called experts, we reported that Trump’s campaign finance chair, Goldman Sachs partner and Soros Fund management alum, Steven Mnuchin, was being positioned for something much larger as Donald Trump reportedly told his aides today that he wants Mnuchin to serve as his Treasury Secretary.
Now, according to CNBC, Trump has decided to expand beyond just Goldman alumni, and is allegedly considering JPMorgan CEO Jamie Dimon as the next US Treasury Secretary.
— CNBC (@CNBC) November 10, 2016
Needless to say, we can only hope that this is an attempt to scare clicks by CNBC instead of the actual truth, because if Trump hopes that he can “drain a swamp” by hiring the swamp puppet master, he – and millions of his supporters – will be very disappointed. Continue reading »
- Annie Korkki, 37, who works for JP Morgan Chase in Denver, and Robin Korkki, 42, a trader from Chicago, were found dead last Thursday
- They were found unconscious in their villa at the Maia Luxury Resort and Spa in the Seychelles off the coast of Africa a week into their vacation
- Preliminary examination indicated there were no signs of violence or aggression on the women’s bodies
- Police said the women had been drinking alcohol throughout the day and were helped to their room by staff that night
- It was the last time there were seen before they were found dead the next morning
- Their heartbroken family is currently pressing officials for answers into what led to their sudden deaths
Two sisters from Minnesota were found dead inside their luxury resort villa a week into their vacation in the Seychelles.
Annie Korkki, 37, and Robin Korkki, 42, were discovered in their villa at the Maia Luxury Resort and Spa last Thursday around noon, authorities in the Seychelles said. Continue reading »
Many of you have already read this past Sunday’s excellent and deeply disturbing article published by the New York Times regarding the shady and inappropriate activities regularly conducted by U.S. “think tanks.” If you haven’t read it yet, I highly suggest you take the time to do so.
It’s important to acknowledge that the U.S. economy has morphed into one gigantic lawless crime scene. An environment in which crony insiders who add zero value to society parasitically feast on the country’s treasure. In the case of so-called “think tanks,” we have organizations receiving copious taxpayer subsidies for the privilege of screwing over the American public.
To understand the topic further, I present you with some excerpts from the article titled, Researchers or Corporate Allies? Think Tanks Blur the Line:
Think tanks, which position themselves as “universities without students,” have power in government policy debates because they are seen as researchers independent of moneyed interests. But in the chase for funds, think tanks are pushing agendas important to corporate donors, at times blurring the line between researchers and lobbyists. And they are doing so while reaping the benefits of their tax-exempt status, sometimes without disclosing their connections to corporate interests. Continue reading »
I’ve said many times that if you want to protect your financial assets physical gold and silver are (in my opinion) the place to be (and especially silver, which is still my favorite “investment”).
Only physical gold and silver are real, everything else will (in my opinion) turn out to be an illusion.
Of course you’ll need to prepare (for the greatest financial collapse in world history) on all levels: Water, food, survival gear, etc.
Just buying gold and silver will not nearly be enough, but it’s a good start.
The days of JP Morgan controlling the silver market may be numbered as a new player in the silver market has arrived. For the past several years, JP Morgan held the most silver on a public exchange in the world. While the LBMA may hold (or did hold) more silver, their stockpiles are not made public.
Regardless, JP Morgan held the most silver at nearly 74 million oz (Moz) in its warehouse, up until recently. Over the past two months, JP Morgan’s silver inventories have fallen nearly 7 Moz to 67.1 Moz today:
As I mentioned in my previous article, Why Are The Chinese Stockpiling Silver? Big Move Coming?, JP Morgan increased their silver inventories from 4 Moz in April 2011 to 69.4 Moz April 19, 2016. However, the Shanghai Futures Exchange silver inventories surged from 7.5 Moz in August 2015 to 54.7 Moz on April 19, 2016:
Basically, JP Morgan added an average 16.3 Moz of silver each year for the past years, whereas the Shanghai Futures Exchange added nearly 7 Moz per month. Furthermore, the majority of gains came since the beginning of 2016. Again, here is my previous Shanghai Futures Exchange silver stock chart from the article linked above: Continue reading »
Yesterday the Federal Reserve released a 19-page letter that it and the FDIC had issued to Jamie Dimon, the Chairman and CEO of JPMorgan Chase, on April 12 as a result of its failure to present a credible plan for winding itself down if the bank failed. The letter carried frightening passages and large blocks of redacted material in critical areas, instilling in any careful reader a sense of panic about the U.S. financial system. Continue reading »
Last month All News Pipeline warned that major banks were preparing to tighten the screws on American account holders starting April 1st.
It appears that the lock-down of cash has begun.
On February 12, Jamie Dimon made headlines when he bought 500,000 shares, or some $26 million worth of JPM stock which coming one day after the market hit its lowest point in the recent selloff, has become known as the “Dimon Bottom.” Was it just good timing or was there something more to the purchase some wondered. As it turns out the purchase may have been nothing more than Jamie frontrunning his own company’s multi-billion buyback, because as JPM announced moments ago, the company of which he is a CEO, just authorized the repurchase of an additional $1.9 billion in stock over the next three months, thereby assuring CEO Jamie of an even great profits on his recent acquisition.
JPMorgan, Goldman Said to Discuss Buying Deutsche Bank Swaps
~Lender looking to complete sale of $1.1 trillion swaps book
~Deutsche Bank has sold about two-thirds of book since 2015
Deutsche Bank AG, the lender exiting some trading operations, is in talks with JPMorgan Chase & Co., Goldman Sachs Group Inc. and Citigroup Inc. to sell the last batches of about 1 trillion euros ($1.1 trillion) in complex financial instruments, people with knowledge of the matter said. Continue reading »
Now, another Croatian JPMorganite, equity strategist Mislav Matejka, will be the recipient of permabull ire with his latest call which, while a rehash of his most recent call that “equities are not attractively priced any more“, will likely sour today’s market sentiment and attempts by algos to ignite upward momentum and forget, if only for a moment, the perfect storm brewing in China.
From JPM’s Mislav Matejka: Continue reading »
Did you know that there are 5 “too big to fail” banks in the United States that each have exposure to derivatives contracts that is in excess of 30 trillion dollars? Overall, the biggest U.S. banks collectively have more than 247 trillion dollars of exposure to derivatives contracts. That is an amount of money that is more than 13 times the size of the U.S. national debt, and it is a ticking time bomb that could set off financial Armageddon at any moment. Globally, the notional value of all outstanding derivatives contracts is a staggering 552.9 trillion dollars according to the Bank for International Settlements. The bankers assure us that these financial instruments are far less risky than they sound, and that they have spread the risk around enough so that there is no way they could bring the entire system down. But that is the thing about risk – you can try to spread it around as many ways as you can, but you can never eliminate it. And when this derivatives bubble finally implodes, there won’t be enough money on the entire planet to fix it. Continue reading »
In the wake of 2008, it’s probably safe to say there isn’t a person alive who completely trusts a banker.
If, however, you happen to be dead, it’s more difficult to scrutinize the activities of those conducting your finances, a fact underscored by the alleged theft of hundreds of thousands of dollars from at least eight accounts belonging to deceased clients of JP Morgan. Continue reading »
Three people have been charged this week in connection to “the largest theft of customer data from a U.S. financial institution in history.”
Those are the words of Preet Bharara, the U.S. Attorney involved in the case involving a major cyber hack on JP Morgan in July 2014, among many others.
The trio have been charged on 23 counts relating to the computer hacking of multiple financial institutions and financial news publishers; including the Wall Street Journal and stealing the personal data of 83 million JP Morgan customers. Continue reading »
NEW YORK (JTA) — Three Jewish men, two of them Israeli citizens, are among those charged with hacking the website of JPMorgan Chase & Co. and stealing hundreds of millions of dollars.
The indictments of Gery Shalon, Joshua Samuel Aaron and Ziv Orenstein in U.S. District Court, Southern District of New York were unsealed Tuesday. The 23-count indictment encompasses the Chase hack along with numerous alleged crimes targeting 12 other companies, including nine financial service companies and The Wall Street Journal, Reuters reported. Continue reading »
This will surely end well.
As of today, the gold “coverage” ratio, or the amount of paper claims for every ounce of physical, has just hit a new all time high of 293 ounces of paper per ounce of registered physical.
Curiously, the last time we observed a comparable surge in the Comex dilution ratio took place just two months ago when a comparable “adjustment” reduced JPM’s “Registered” inventory by 122,124 ounces. Back then many said the adjustment would be promptly reversed. Continue reading »
Having watched the credit markets grow more and more weary of the major US financials, it should not be total surprise that ratings agency S&P just put all the majors on watch for a rating downgrade:
*JPMORGAN, CITIGROUP, GOLDMAN SACHS, STATE STREET CORP, MORGAN STANLEY MAY BE CUT BY S&P
Despite all the talking heads proclamations on higher rates and net interest margins and ‘strongest balance sheets’ ever, S&P obviously sees something more worrisome looming. This comes just hours after Moody’s put Bank of Nova Scotia on review also (blaming the move on concerns over increased risk appetite).
Vinyl rip from my personal collection. Best audio on the net.
This 3x LP record set documents the activities of a secret society known as The Illuminati, and their New World Order.
Mr. Fagan describes with documentary evidence how the ILLUMINATI became the instrument of the House of Rothschild to achieve a “One World Government”.
Tags: Adam Weishaupt, Adolf Hitler, Banking, CFR, Council on Foreign Relations, Dictatorship, Economy, Freemasonry, French Revolution, Global News, Goldman Sachs, Government, Illuminati, Jacob Schiff, JPMorgan, Myron Fagan, Napoleon, New World Order, Politics, Rothschild, Russia, Russian Revolution, Society, Stock Market, U.K., U.S.
– JPMorgan Helps Comex Avoid Gold Depletion, Boosts Registered Gold By 78% Overnight (ZeroHedge, Aug 6, 2015):
We were less than surprised to see that just 2 days after our report, the Comex once again succeeded in sweeping default fears under the rug by boosting its eligible gold by a whopping 78% overnight, from 362K ounces to 643K, thereby pushing deliverable gold from its all time lows. However, this was not achieved with an infusion of actual new gold into the Comex, but thanks to JPM reclassifying 276K ounces of gold from the Eligible into the Registered category, even as actual eligible gold continues being withdrawn from the Comex.
– JP Morgan to Pay Another Slap on the Wrist Fine for Engaging in Systemic Consumer Credit Card Debt Fraud (Liberty Blitzkrieg, July 8, 2015):
Just yesterday, I published a post titled: Florida Man Sentenced to 2.5 Years in Jail for Having Sex on the Beach. The purpose of that post wasn’t to justify his actions, but rather to highlight the difference between how average citizens are treated under the U.S. “justice” system, and how thieving, remorseless financial oligarchs are treated.
While, Mr. Caballero may have ruined the day of a few beach goers by crudely having sex on a public beach in broad daylight, he didn’t run the U.S. economy into the ground and cause destitution to tens of millions of Americans. Nor did he received trillions in taxpayer backstops and bailouts, only to turn around and pay himself a record bonus and then carry on with extremely profitable, illegal financial schemes. No, it was the bank executives who did (and continue to do) all of that. Guess who ends up in prison? Continue reading »
– The “Nightmare Of The Euro-Architects” Is Coming True: JPM Now Sees Grexit, Eurogroup “Split In Coming Days” (ZeroHedge, July 5, 2015):
Perhaps the best summary – or epitaph, some would say – of the shocking events that took place in Greece this afternoon, and the resultant falling dominoes that are about to be unleashed, was given by Slovakia’s finance minister Peter Kazimir, who summarized events as follows:
The nightmare of the ‘euro-architects’ that a country could leave the club seems like a realistic scenario after #Greece voted No today
— Peter Kažimír (@KazimirPeter) July 5, 2015
He followed it up with a Dylan Thomas quote:
We will not go gently into this good night. We stand united and we need to respond to this situation as soon as possible
— Peter Kažimír (@KazimirPeter) July 5, 2015
We assume the next lines goes as follows:
“Rage, rage against the dying of the “irreversible” currency” Continue reading »
– JPMorgan Just Cornered The Commodity Derivative Market, And This Time There Is Proof (ZeroHedge, June 29, 2015):
For years there had been speculation, rumor and hearsay that JPM had cornered the US commodities market. Now, finally, we have documented proof.
– How Jamie Dimon Became A Billionaire (ZeroHedge, June 3, 2015):
Two years ago, bank analyst Mike Mayo asked JPM chief Jamie Dimon a simple question: why should affluent customers not pick UBS over JPM due to a mismatch in capital ratios, to which Dimon’s response was even simpler: “that’s why I’m richer than you.” To which we then added: “No logic, no rationale: all about the bottom line, which to Jamie at least is all that matters.”
H/t reader M.G.:
“Looks like the greedy guts are adding to unemployment.
Remember, for every job lost, seven more are put at risk.”
– JPMorgan Chase & Co. (JPM) To Cut More Than 5,000 Workers By End Of 2016: Report (International business Times, May 28, 2015):
JPMorgan Chase & Co. (NYSE:JPM) is starting to lay off more than 5,000 employees in a $1.4 billion cost-cutting measure to be completed by the end of 2016, the Wall Street Journal reported Thursday, citing people familiar with the matter. A spokeswoman for JPMorgan Chase would not comment on the report, but said the layoffs are part of cost-cutting efforts outlined in a presentation released earlier this year.
JP Morgan, the largest U.S. bank, is overhauling its nearly 5,600 branches. Chairman and CEO James Dimon said Wednesday the average Chase bank branch will lose one employee over the next two years. The bank has already cut 1,000 jobs. Continue reading »
– Why Is JP Morgan Accumulating The Biggest Stockpile Of Physical Silver In History? (Economic Collapse, April 24, 2015):
Why in the world has JP Morgan accumulated more than 55 million ounces of physical silver? Since early 2012, JP Morgan’s stockpile has grown from less than 5 million ounces of physical silver to more than 55 million ounces of physical silver. Clearly, someone over at JP Morgan is convinced that physical silver is a great investment. But in recent times, the price of silver has actually fallen quite a bit. As I write this, it is sitting at the ridiculously low price of $15.66 an ounce. So up to this point, JP Morgan’s investment in silver has definitely not paid off. But it will pay off in a big way if we will soon be entering a time of great financial turmoil. Continue reading »
– “Another Crisis Is Coming”: Jamie Dimon Warns Of The Next Market Crash (ZeroHedge, April 9, 2015):
The Treasury flash crash and similar recent events in currency markets are “shots across the bow,” Jamie Dimon says in his latest letter to shareholders. The JPM chief goes on to warn, as we have for years, that declining liquidity in credit markets is likely to exacerbate future crises: “The likely explanation for the lower depth in almost all bond markets is that inventories of market-makers’ positions are dramatically lower than in the past. For instance, the total inventory of Treasuries readily available to market-makers today is $1.7 trillion, down from $2.7 trillion at its peak in 2007. The trend in dealer positions of corporate bonds is similar.”