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Not gonna happen i say. Jamie will just run to his buddies at the fed and ask em to beg joe for a capital infusion...i meant bailout.
$JPM JPMorgan is going to cave fast and hard once it goes.
These scam bank rip offs are about to pay the price, dearly and any short positions are going to be what finishes off the banks.
Margin calls will either have to be covered with gold or banks assets.
Bitcoin, crypto's, and Fiat cash will not be accepted to cover short positions.
Black Rock Overseeing the shift and what will be the crash of the Central banking system.
Not even a month since jpm opened its coin desk and things are already getting screwed up in the crypto market. They couldnt already have started being typical jpm could they?
$JPM - Quantum financial system reset within a week or two.
Everything will change. Each country who's allowed to join will have their currency based on their own GDP.
Many are going down including the worlds largest cocaine and fentanyl smuggler. China central banks crashed with the 3 Gorges dam gone with 2 more dams to the north.
Big changes coming with banking disasters underway. The stock market won't crash because equity is safe in the market but west central banks will be the ones crashing.
National Banks and Credit Unions will be the new norm. Be prepared.
Will never happen. These guys are too well connected in the current corrupt system.
Ultimately, he will be held accountable, by the highest of all authorities!!!
$JPM New JP Morgan notes are JUNK! Based on no assets to back up the junk notes.
When will drug smugglers like Diamond, of JP Morgan be held accountable for their crimes?
This scam bank gets away with to much severe criminal activity.
The people want to see Jamie Diamond rot behind bars for his horrific crimes against humanity.
Why do members of the $coop board think jpm still has to pay tens of billions for wmb assets they already bought from the fdic back in 2008?
Ultimate pain trade is coming. When potato brigade lets these "bankers" buy their own stocks and issue themselves big fat dividends.
Good times. Price discovery has been out the window for decades anyways.
Selling covered calls on JPM is attractive at these high prices.
Bitcoin's Value Is All in the Eye of the 'Bithodler'
February 20 2021 - 08:29AM
Dow Jones News
By Paul Vigna
https://ih.advfn.com/stock-market/NYSE/jp-morgan-chase-JPM/stock-news/84390578/bitcoins-value-is-all-in-the-eye-of-the-bithodler
The total market value of bitcoin crossed $1 trillion on Friday as the price surged above $55,000.
Passionate backers are fond of saying the digital currency is on a trajectory "to the moon." For the less faithful, determining bitcoin's value is much more complicated.
Bitcoin has skyrocketed since the beginning of 2020 when it was trading around $7,000. A steady stream of institutional demand has been credited with driving much of that rally. Billionaire hedge-fund managers disclosed purchases: Paul Tudor Jones called it a " great speculation." A handful of companies, most notably Tesla Inc., recently started buying it for their corporate reserves.
Yet determining a fair value for bitcoin is much harder than valuing stocks, investors say, both because bitcoin isn't a traditional asset and because much about it is misunderstood.
"It's a difficult asset class to value," said J.P. Morgan analyst Nikolaos Panigirtzoglou, who estimates the value of one bitcoin could be as little as $11,000 or as much as $146,000.
The low end of that range is what it currently costs in computing power to create a bitcoin, he said, while the high end marks bitcoin's estimated value if its market capitalization were to match that of gold. Almost any price in between could be justified because of the intense interest from retail buyers, he added.
Bitcoin's backers are a passionate bunch, less concerned with fundamental analysis than a fervent belief that bitcoin is the future. That ethos is summed up in a single word: hodl, a misspelling of "hold" from an impassioned 2013 post on a bitcoin forum by a trader during one of bitcoin's periodic crashes. It means always keep buying, no matter what, and never sell. To these people, bitcoin's value is limitless.
To others, determining bitcoin's value is tricky. Bitcoin has properties that make it appear more like a commodity -- indeed, the Internal Revenue Service classifies it as such -- and properties that make it appear more like a currency, as Japan's Financial Services Agency classifies it.
Yet it really isn't either. Bitcoin is a software program designed to facilitate online exchange, to mimic physical cash, without the need for a bank or other middleman to guarantee the exchange.
One of the most popular arguments for bitcoin? It's a modern version of gold and a store of value. That belief rests mainly upon one specific feature of bitcoin's programming, a limit of 21 million placed on the number of bitcoins that could be created. That, its backers argue, makes bitcoin a scarce commodity and a deflationary rather than inflationary asset, at least compared with government-backed currencies.
Bitcoin, however, does have its own rate of inflation, albeit an entirely predictable one that is designed to decrease in the long run. Currently, 6.25 bitcoins are created roughly every 10 minutes, and nearly 19 million of the intended 21 million bitcoins are already in circulation. That results in a current inflation rate of roughly 2.2%, according to Bitcoin.com.
For comparison's sake, that is higher than both the Federal Reserve's stated goal of 2% and the most recent Consumer Price Index rate of 1.4%.
Bitcoin's inflation rate will drop to zero some time around the year 2140 when the last of the 21 million bitcoins are minted.
The effective inflation rate is likely higher. Nearly 80% of bitcoin's supply is illiquid, analytic firm Glassnode estimates, held by long-term investors who won't sell. Only about 4.2 million bitcoins are in circulation. That small supply is currently far outstripped by demand.
Another way of analyzing these dynamics, and one popular among bitcoiners, is the stock-to-flow model, a framework used to value commodities like gold and silver, made popular on social media by an anonymous trader dubbed Plan B.
Stock to flow measures the ratio of existing stockpiles to production. It is essentially another way of stating bitcoin's inflation rate. By this model, bitcoin should trade more like gold and silver, Plan B argued. To the trader's credit, back in 2019 Plan B predicted that the model implied bitcoin should have a $1 trillion market value and trade at $55,000 some time after May 2020. That prediction was fulfilled Friday.
But if bitcoin is supposed to be a gold alternative, its price is already in line with gold, J.P. Morgan's Mr. Panigirtzoglou argues. Bitcoin's market value is around $1 trillion, and the market value of privately held gold is around $2.7 trillion, he estimates. But in a portfolio that also takes into account volatility, like one managed by a professional money manager or corporate treasurer, bitcoin's much higher volatility means that the two would essentially be evenly weighted, he said.
Because portfolio managers and corporate treasurers need to take that volatility into account, he said he doesn't expect much more institutional money to be invested in bitcoin unless its price tumbles.
"For institutional investors, it is unrealistic here to expect them to ignore the volatility of bitcoin," he said.
To that point, a Gartner survey last week found only 5% of finance executives plan to hold bitcoin as a corporate asset in 2021. Moreover, 84% said they never intend to buy bitcoin.
Meanwhile, the highly publicized flurry of institutional interest in bitcoin may be smaller than it appears. Since September, only about $11 billion of professional money has entered the bitcoin market, Mr. Panigirtzoglou estimates. That isn't enough to drive a $800 billion change in total value and instead suggests that the attention given to institutional investors has drawn in more retail interest, he said.
Therefore, what is driving bitcoin's price isn't some fundamental value proposition, but instead simple retail-driven momentum trading, Mr. Panigirtzoglou said.
There is a simpler way of defining bitcoin's fundamental value, according to Steve Hanke, a professor of applied economics at Johns Hopkins University. Most forms of "money," everything from commercial bank deposits to Treasury bills, pay some amount of interest, no matter how small. Bitcoin doesn't. And while government-issued money doesn't pay interest, it is a universally recognized means of payment, unlike bitcoin.
"Bitcoin's fundamental value is zero," Mr. Hanke said. "It's almost all speculative."
Write to Paul Vigna at paul.vigna@wsj.com
Pant's down no Fiat reset. No Dark Winter!
Manipulation drives this scam and massive cargo ship loads of cocaine and fentanyl trafficked on JP Morgan owned ships.
Scam banks like this pos are what destroyed our inner cities.
$JPM Checks and balances. Flash crash? Stop manipulation or be manipulated. It's that simple. Basic materials, metals and mining go down, the bank goes down.
Obama administration turned a blind eye
JPMorgan Chase Admits to Two New Felony Counts – Brings Total to Five Felony Counts in Six Years – All During Tenure of Jamie Dimon
By Pam Martens and Russ Martens: September 29, 2020 ~
As the attention of Americans is focused on surviving the pandemic and the pivotal presidential debate tonight, William Barr’s Justice Department decided to quietly hand an early Christmas present to a notorious Wall Street bank.
Under the richly compensated leadership of Chairman and CEO Jamie Dimon, JPMorgan Chase, the largest bank in the United States, has admitted to an unprecedented five criminal felony counts since 2014 and put on criminal probation three times. Dimon notched two of those felony counts in his belt today. (That’s five felonies more than the bank pleaded guilty to in its prior 100 years of existence. Translation: this is not normal even on Wall Street.)
The bank has agreed today to pay criminal fines and admit to two felony counts of wire fraud for manipulating (spoofing) trading in the precious metals and U.S. Treasury markets. Why the Justice Department is bringing only two counts when its own charging document indicates that traders engaged in “tens of thousands of instances of unlawful trading in gold, silver, platinum, and palladium…as well as thousands of instances of unlawful trading in U.S. Treasury futures contracts and in U.S. Treasury notes and bonds…” is one more sign that this Justice Department is egregiously failing the American people and making a mockery of the word “justice.”
This Justice Department is not only defining deviancy down; it’s defining outrage down. Where is the U.S. Attorney’s voice announcing his resignation over this sellout of a deal?
The routine of charging the largest bank in the United States with felonies and placing it on a three-year probation is now so yawn-worthy at the U.S. Department of Justice that the prosecutors didn’t even bother to hold the usual press conference today to announce the charges and settlement. The Justice Department simply issued a press release and a Deferred Prosecution Agreement which both sides had already signed.
Sweeping the whole mess up and tying it with a tidy bow meant that the Securities and Exchange Commission and Commodity Futures Trading Commission also had to agree to the settlement, which they obligingly did.
Representing JPMorgan Chase as outside counsel were lawyers from Kirkland & Ellis (the law firm with which Attorney General William Barr was associated before coming to the Justice Department) and lawyers from Sullivan & Cromwell, where SEC Chairman Jay Clayton was a partner before taking the lead at the SEC. (See SEC Nominee Has Represented 8 of the 10 Largest Wall Street Banks in Past Three Years.)
The deal is so sweet for criminal recidivist JPMorgan Chase that it notes that “an independent compliance monitor was unnecessary” despite also revealing that the bank “did not voluntarily and timely disclose to the Fraud Section and the Office the conduct described in the Statement of Facts.” It was required to do that under its prior probation agreement that ended in January of this year.
Monetary fines were also imposed, consisting of the following: a criminal monetary penalty of $436,431,811; a criminal disgorgement amount of $172,034,790; and a victim compensation payment of $311,737,008. That brings to more than $37 billion the total that JPMorgan Chase has paid to settle allegations of fraud and ripping off Americans since the financial crash of 2008.
In a properly functioning Justice Department and bank regulatory system that genuinely wants to ensure the safety and soundness of America’s deposit-taking banks, Dimon would have been forced out when the bank admitted guilt to the first two felony counts in 2014 for its dubious role in handling the business bank account of Ponzi-schemer Bernie Madoff. If not then, perhaps the following year when it pleaded guilty to its role in a bank cartel (actually called “The Cartel”) that rigged the foreign currency market. In the Forex matter, the bank admitted guilt to one felony count and received a deferred prosecution agreement along with other banks involved in the matter.
In the rigging of the foreign currency market case, the Justice Department announced that agreement on May 20, 2015 but the U.S. District Court did not approve the agreement until January 2017. Thus, the clock did not start ticking on the three-year probation period until then. That meant that JPMorgan’s probation period began in January 2017 and ended in January of this year.
To be charged with two more felony counts in the same year your three-year probation ends is the strongest proof that Wall Street has become a fraud monetization system where deferred prosecution agreements and fines are simply the cost of doing business on Wall Street.
The Justice Department brought racketeering charges against three of the precious metals traders at JPMorgan in September of last year. It was the first-time veterans on Wall Street could ever remember a major U.S. bank having its traders charged with racketeering. The Board of Directors of JPMorgan Chase must have taken that as some kind of great branding for the bank: the Board gave Dimon a 1.6 percent raise for the year to a total compensation of $31.5 million.
https://wallstreetonparade.com/2020/09/jpmorgan-chase-admits-to-two-new-felony-counts-brings-total-to-five-felony-counts-in-six-years-all-during-tenure-of-jamie-dimon/
Please check out this video benchmarking JPM against some of its large competitors.
Very interesting numbers from a fundamental perspective.
Banks in trouble:
The market would seem to have spoken clearly on just how “strong” these banks are. Since the first trading day of the year, January 2, to yesterday’s closing price, here’s the factual reality of just how much common equity capital these banks have bled: Citigroup is down a stunning 48 percent, losing almost half of its common equity capital; Bank of America has lost 35 percent; while JPMorgan Chase, the bank that has perpetually bragged about its “fortress balance sheet,” is down 34 percent year-to-date. And the U.S. is only seven months into what could become a prolonged economic downturn
https://wallstreetonparade.com/2020/09/shhh-dont-tell-the-fed-these-wall-street-banks-have-tanked-34-to-48-percent-year-to-date-the-fed-thinks-theyre-a-source-of-strength/
A nice pullback before elections then last 2 weeks of October into elections a big market rally
JPM runs the show....the markets green green into elections
According to JPMorgan Chase & Co.’s latest 13F filing for the period ending June 30, 2020, it owns $518 billion in publicly traded stocks and ETFs (Exchange Traded Funds), more than 29 times what Softbank reported on its last 13F. Among the big tech holdings of JPMorgan Chase & Co. are the following: $15.3 billion in Microsoft; $11.77 billion in Apple; $10.5 billion in Amazon; $8.5 billion in Alphabet; $3.7 billion in Facebook; and $2.3 billion in Netflix. JPMorgan Chase & Co.’s portfolio also includes a number of ETFs that are heavily weighted in the same handful of big tech names. The bank’s portfolio includes $2.9 billion in the iShares Growth ETF, whose largest holdings are Apple, Microsoft, Amazon, Facebook, and Alphabet, making up 38 percent of the ETF as of September 4; $1.58 billion in the iShares Russell 1000 Growth ETF, whose largest holdings are also Apple, Microsoft, Amazon, Facebook and Alphabet – also making up 38 percent of the ETF. JPMorgan Chase & Co.’s portfolio also includes $20.9 billion in the SPDR S&P 500 ETF Trust, whose largest five holdings are – wait for it – Apple, Microsoft, Amazon, Facebook and Alphabet – making up a cool 23.28 percent of the ETF which has a market value of $301.7 billion as of September 3. The $518 billion does not appear to be the full picture of JPMorgan Chase & Co.’s stock portfolio holdings. The bank notes on its 13F filing that Russell Investments Group, Ltd. is also making a separate filing on its behalf. Try as we might, we could not find that filing on the SEC’s website. https://wallstreetonparade.com/2020/09/the-untold-story-of-the-nasdaq-whale-softbanks-a-guppy-jpmorgans-a-whale/
Markets will go green into elections as JPM backs Mitch McConnell. Follow the money trail. JPM runs over $2 trillion in derivatives and one of the biggest holders of Microsoft Apple Etc.’
https://wallstreetonparade.com/2020/09/jamie-dimon-and-jpmorgans-pac-are-financially-supporting-mitch-mcconnells-reelection-bid/
Nearly 3 Trillion money laundering scheme. They're finished.
It will be prison not fines.
JP Morgan days are over.
Now we know why Buffet sold everything and ran.
JPMorgan Chase was involved in moving illicit funds for the fugitive, Jho Low, involving the notorious looting of public funds in Malaysia. Jho Low has been accused by multiple jurisdictions of playing a key role in the embezzlement of more than $4.5 billion from a Malaysian economic development fund, 1MDB. JPMorgan Chase moved $1.2 billion in money for Jho Low from 2013 to 2016, according to the report.
The ICIJ bombshell includes the charge that JPMorgan also “processed more than $50 million in payments over a decade, the records show, for Paul Manafort, the former campaign manager for President Donald Trump. The bank shuttled at least $6.9 million in Manafort transactions in the 14 months after he resigned from the campaign amid a swirl of money laundering and corruption allegations spawning from his work with a pro-Russian political party in Ukraine.”
More troubling activity at JPMorgan Chase includes the following, according to ICIJ investigators:
“JPMorgan also moved money for companies and people tied to corruption scandals in Venezuela that have helped create one of the world’s worst humanitarian crises. One in three Venezuelans is not getting enough to eat, the UN reported this year, and millions have fled the country.
“One of the Venezuelans who got help from JPMorgan was Alejandro ‘Piojo’ Isturiz, a former government official who has been charged by U.S. authorities as a player in an international money laundering scheme. Prosecutors allege that between 2011 and 2013 Isturiz and others solicited bribes to rig government energy contracts. The bank moved more than $63 million for companies linked to Isturiz and the money laundering scheme between 2012 and 2016, the FinCEN Files show…”
Wall Street likes to brag about its “KYC” rule (Know Your Customer). But the ICIJ investigators reveal that JPMorgan Chase paid little attention to that rule. The report found this:
“Take the case of a mysterious shell company called ABSI Enterprises. ABSI sent and received more than $1 billion in transactions through JPMorgan between January 2010 and July 2015, the FinCEN Files show.
“This amount included transactions through a direct bank account with JPMorgan, which ABSI closed in 2013, and through so-called correspondent banking arrangements, in which a bank with significant U.S. operations, such as JPMorgan, allows foreign banks to process U.S. dollar transactions through its own accounts.
“Compliance watchdogs based at the bank’s Columbus, Ohio, operations hub decided to try to figure out ABSI’s actual owner in 2015 after a Russian news site reported that a similarly-named shell company — which JPMorgan’s records indicated was the parent of ABSI — was linked to an underworld figure named Semion Mogilevich.
“Mogilevich has been described as the ‘Boss of Bosses’ of Russia mafia groups. When the FBI put him on its Top Ten Most Wanted list in 2009, it said his criminal network was involved in weapons and drug trafficking, extortion and contract murders. The chain-smoking, beefy Ukrainian’s signature method of neutralizing an enemy, The Guardian once reported, is the car bomb.
“The records show the compliance officers searched in vain through their files on the shell company, unable to determine who was behind the firm or what its true purpose was.
“While those details still remain unclear, JPMorgan had plenty of reasons to examine ABSI years earlier: it operated as a shell company in Cyprus, considered a major money laundering center at the time, and it was directing hundreds of millions of dollars through JPMorgan…
https://wallstreetonparade.com/2020/09/3-count-felon-jpmorgan-chase-caught-laundering-more-dirty-money/
Warren Buffet dumps JP Morgan JPM, Wells Fargo et al.
https://ih.advfn.com/stock-market/NYSE/wells-fargo-WFC/stock-news/83079084/warren-buffetts-berkshire-hathaway-unloads-bank-st
Berkshire Hathaway filed its latest Form 13F on Aug. 14, 2020.
Berkshire has exited airlines, Goldman Sachs, and Occidental Petroleum.
Increased positions include the Store Capital REIT, grocery chain Kroger, and Canadian oil and gas company Suncor Energy.
Reduced Banking and Financial Services Exposure
Comparing 13F filings for Q2 20201? and Q1 20203? reveals that Berkshire cut its holdings of several banking and financial services stocks. Among these were, with the new share holdings and values as of the end of Q2:
Wells Fargo & Co. (WFC): down by 85.6 million shares, or 26%, to 237.6 million shares ($6.1 billion).
JPMorgan Chase & Co. (JPM): down by 35.5 million shares, or 62%, to 22.2 million shares ($2.1 billion).
PNC Financial Services Group (PNC): down by 3.85 million shares, or 42%, to 5.35 million shares ($563 million). In Q1 2020, Berkshire had increased its holdings of PNC.4?
M&T Bank Corp. (MTB): down by 846 thousand shares, or 16%, to 4.54 million shares ($472 million).
Bank of New York Mellon Corp. (BNY): down by 7.4 million shares, or 9%, to 72.4 million shares ($2.8 billion).
US Bancorp (USB): down by 10.5 million shares, or 7%, to 132 million shares ($4.9 billion).
Visa Inc. (V): down by 575 thousand shares, or 5%, to 10 million shares ($1.9 billion).
Mastercard Inc. (MA): down by 370 thousand shares, or 7%, to 4.6 million shares ($1.3 billion).
Goldman Sachs Group Inc. (GS): down by 1.9 million shares, or 100%, after exiting most of this position in Q1 2020.4?
Bullish on Bank of America
Berkshire maintained a 925 million share stake in Bank of America Corp. (BAC).3? 1? Valued at $22.0 billion as of the end of Q2 2020, this remains Berkshire's second-largest equity position behind Apple Inc. (AAPL), at $89.4 billon.1?
Other Notable Moves
After financing the acquisition of Anadarko Petroleum by Occidental Petroleum Corp. (OXY),5? Berkshire eventually received 18.9 million common shares of Occidental, worth $219 million as of the end of Q1 2020.3? This position was sold in Q2 2020.
During Berkshire's annual meeting in May, Buffett announced that they had exited their holdings of four major U.S. airlines, confirmed by the Q2 Form 13F.6? 1?
For the second consecutive quarter, Berkshire trimmed holdings of satellite radio service Sirius XM Holdings Inc. (SIRI). This position is now 50 million shares, down by 62% from 132 million at the end of Q1 2020, and worth $264 million at the end of Q2 2020.3? 1?
Warren Buffett’s new investment strategy!! Big moves ahead!! GPL is positioned well for growth as metals prices soar to new highs!!
————————————————-
Warren Buffett’s group pares back holdings in Wells Fargo, JPMorgan, PNC and Goldman Sachs
Warren Buffett, through Berkshire Hathaway, is one of the single-biggest individual shareholders in US banks © REUTERS
August 14, 2020 10:43 pm by Eric Platt and Robert Armstrong in New York
Warren Buffett’s Berkshire Hathaway significantly cut its stakes in some
of the largest US banks in the second quarter, selling billions of
dollars worth of stock in Wells Fargo, JPMorgan Chase and other
financial institutions.
Berkshire Hathaway disclosed on Friday it had sold 85.6m shares of Wells
Fargo in the quarter, reducing its stake from 7.9 per cent to 5.8 per
cent of the lender, according to a filing with US securities
regulators. Berkshire also sold 35.5m shares of JPMorgan, lowering its
stake to 0.7 per cent from 1.9 per cent, and a substantial minority of
its longtime holding PNC Financial.
Mr Buffett sold the last of his financial crisis-era investment in
Goldman Sachs in the quarter, which was worth just under $300m at the
end of March. He cut Berkshire’s stakes in M & T Bank, Bank of New York
Mellon, US Bancorp, Mastercard and Visa as well. In total, including
both financial and non-financial stocks, Berkshire dumped $12.8bn worth
of shares in the quarter.
Through Berkshire, Mr Buffett is one of the single-biggest shareholders
in US banks and his decision to pare back his exposure will be parsed
by investors globally, especially given the timing.
The Great Panther Turnaround Story - Great silver & gold story -
https://seekingalpha.com/article/4368739-great-panther-turnaround-story?utm_medium=email&utm_source=seeking_alpha&mail_subject=gpl-the-great-panther-turnaround-story&utm_campaign=rta-stock-article&utm_content=link-0
The Return of the Gold Standard (This is WHEN and HOW it comes back!)
31,918 views•Aug 5, 2020
$JPM | $112 Target for #JPMorgan Short-Term
Stock has managed to cross the much hated $105 level pre-market,
lets see if it can stay there and possibly set up a move to the 200ma @ $112.
Yesterdays rally was cut short buy the late day selloff.
PLEASE GIVE US A LIKE IF YOU FIND OUR CONTENT HELPFUL, THANK YOU.
Totally agree, We Will Win that War.
https://www.marketwatch.com/story/u-s-will-have-a-delayed-effect-of-seeing-the-normal-effects-of-recession-says-jpmorgans-dimon-11597160306
Briggs & Stratton went >>>BANKRUPT<<< today. A flood of bankruptcies is expected to hit 2nd half. Banks are about to get hit with some heavy losses.
the bubble grows. JPM barely up green after beating very low expectations should tell you all you need to know.
we go red tomorrow
What a bunch of nonsense. The reported EPS for the same quarter last year was $2.59. Looking forward JPM will suffer massive loan losses, who are these clowns trying to kid?
Hey so are THESE (in essence) what the U.S. (govt.) ie. taxpayer has been buying ?.....
Meanwhile, elsewhere.....
Frankfurt buy Signal
January 2020 - 13,500
Yep, why that 13,500 may have been Resistance - Lemme go grab a chart......
Hmmmmm, why it (almost) looks like THEY (too) knew that a Pandemic was imminent....
US Banks begin reporting....
Shouldn't value go down with junk notes debt-added?
How much more unsecured junk notes debt can this paper moon illusion handle?
Thin ice is all I see. Big crash with no cash.
Even-MORE Unsecured junk notes for sale! Unbelievable SCAM!
At least my covered calls that I sold Monday expired worthless and I got a few hundred.
From 20tons of Cocaine seized, to selling away the entire CME, to now selling worthless Junk notes. What a banner year this manipulating scam bank is having.
Nobody wants unsecured Junk Notes! The fine print says it all. Run for the door.
He may want to join a credit union because central banks are overloaded with debt. When gravy train stimulus ends, so will the central banks as we know it.
Credit unions are backed and supported by members not crumbling paper moon loads of debt like the out going manipulated central banks.
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