DOUCHBAG CROOK ALERT JP Morgan’s Jamie Dimon says you don’t need to know how banking works
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DOUCHBAG CROOK ALERT JP Morgan’s Jamie Dimon says you don’t need to know how banking works



Jamie Dimon in Davos Switzerland today explaining why people don’t need to know what’s going on ...

Jamie Dimon in Davos Switzerland today explaining why people don’t need to know what’s going on
in the banking world. It’s too “complex.” Just know that their fee comes from managing this ball of
financial confusion. And that’s all you need to know.



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    DOUCHBAG CROOK ALERT JP Morgan’s Jamie Dimon says you don’t need to know how banking works DOUCHBAG CROOK ALERT JP Morgan’s Jamie Dimon says you don’t need to know how banking works Document Transcript

    • DOUCHBAG CROOK ALERT JP Morgan’sJamie Dimon says you don’t need to know howbanking worksagainstcronycapitalism.orgJanuary 23, 2013Jamie Dimon in Davos Switzerland today explaining why people don’t need to know what’s going onin the banking world. It’s too “complex.” Just know that their fee comes from managing this ball offinancial confusion. And that’s all you need to know.There, don’t you feel better? I mean it’s not like the world bailed out the whole banking system oranything. We should have faith.Jamie Dimon says you don’t need to know how banking works VIDEO BELOW THIS CROOK DOESNT WANT YOU KNOW HOW BANKS WORK HERES AQUICK VIDEO THAT TELLS YOU HOWThe Federal Reserve Fractional Reserve Banking Explained VIDEO BELOW Bundesbank To Repatriate Gold FromNew York FedPaul Joseph WatsonInfowars.comJanuary 15, 2013“Trust in central banks by other central banks isending”Despite previously characterizing the idea that it was
    • planning on moving gold out of the New York Fed as an “irrational fear,” the German Bundesbank is set to announce a huge repatriation of its bullion this week, with France also being emptied of German gold in a sign that trust between central banks has hit rock bottom. “In what could be a watershed moment for the price, provenance, and future of physical gold, not to mention the “stability” of the entire monetary regime based on rock solid, undisputed “faith and credit” in paper money, German Handelsblatt reports in anexclusive that the long suffering German gold, all official 3,396 tons of it, is about to be moved.Specifically, it is about to be partially moved out of the New York Fed, where the majority, or 45% of itis currently stored, as well as the entirety of the 11% of German gold held with the Banque de France,and repatriated back home to Buba in Frankfurt,” reports Zero Hedge.The decision, which is set to be announced tomorrow, comes despite repeated assurances byBundesbank officials that German gold would not be moved.Back in November, Andreas Dobret, member of the Executive Board of the German Bundesbank,dismissed suggestions that the gold would be repatriated as “a discussion which is driven by irrationalfears,” adding that, “The Bundesbank will remain the Fed’s trusted partner in future, and we willcontinue to take advantage of the Fed’s services by storing some of our currency reserves as gold inNew York.”Apparently, since a significant proportion of that gold is now being moved out of the New York Fed,are we to assume that this “trust” no longer exists?A month prior to that statement, which was made directly to the NY Fed’s Bill Dudley, the Bundesbankstated that it would “continue to keep gold at international gold trading centres” because that gold couldbe “pledged with the Federal Reserve Bank as collateral against US dollar-denominated liquidity.”When Venezuelan President Hugo Chavez ordered the repatriation of 85% of the country’s bullionreserves from European Banks, most of which was held with the Bank of England, the move wasdismissed as “unnecessary and expensive,” with others accusing Chavez of acting out of paranoia.The reaction to Germany’s decision to do almost precisely the same thing is likely to be more muted soas not to start a stampede of other countries seekingto mimic the Bundesbank’s actions. Germany is thesecond largest gold holder in the world.Gold reacted to the news by jumping over 13 dollarsper ounce at time of press.“This is a momentous development, one which maysignify that the regime of mutual assured and verymuch telegraphed – because if the central banksdon’t have faith in one another, why should anyoneelse? – trust in central banks by other central banksis ending,” summarizes Zero Hedge.
    • Get Gold Now: “I Remember 1980… TheyWere Lined Up Around the Block”Mac SlavoSHTFPlan.comJan 14, 2013Mainstream financial analysts want us to believe that gold’s unprecedented rise throughout the lastdecade is almost over – that it is just another bubble soon to pop. Central banks, state-sponsoredeconomists and many well respected high dollar investors have all tried to convince us that there is nomore upside for precious metals, often arguing that the 5,000 year-old relics are but worthless metals –not money.The interesting thing is they’ve been saying that repeatedly, since before the financial crisis was everrecognized. Yet, gold has continued to rise unabated.In the following Future Money Trends interview, well respected investment analyst Jay Taylorof discusses this powerful trend in gold, the government manipulation of thefinancial and economic system, the importance of diversifying your wealth, why precious metals are agood investment, some ideas for investors, and the signs you’ll see when gold does finally become a“bubble.”
    • A lot of the establishment would have us believe gold is already in a bubble.But if you look at the supply of gold above ground relative to the amount of money that’s beencreated, it’s money and it’s the bond market that’s in a bubble.Yes, I suppose that one day that could happen. I remember 1980, when gold went from $35 a few years earlier to $850.I remember that time there was panic buying of gold by people in the streets of New YorkCity. They were lined up around the block… to buy gold and Krugerrands at that time. I don’t see anything like that now. If I walk down the streets of New York and ask people, “do you think you should have five or ten percent of your portfolio in gold,” most people would say, “No, no way. That’s ridiculous. It doesn’t pay you any interest. Why would you own the stupid stuff?”So, I think we’re a long way away from that bubble. I think people in the rest of the world and don’t trust their politicians to the extent that Americans do, are buying gold. Certainly the Chinese are I suppose that we could see a bubble at some time.I suppose that, as we saw in 1980, there will be huge amounts of people that finally loseconfidence and throw in the towel on the policy makers. And, then there will be a rush togold like we’ve never seen before.And when people start to insist on delivery of their gold… for the huge amounts of paper that’sout there in the futures markets… And if those people on the buy side want to take delivery… theprice is going to go to the moon. I really believe that.Via: FutureMoneyTrends.comJay Taylor Talks Gold Manipulation, Investing, and The Ideal Gold Junior VIDEOBELOW an asset of last resort, precious metals like gold and silver have always beenworthsomething. With the fiscal and monetary policies currently under implementationaround the world, along with literally trillions of dollars in unserviceable debt, it wouldn’ttake much to set off a panic buying spree in gold.In the last 30 days, since the Newtown school shootings, panic buying has left gun stores across thecountry with nothing on their shelves and back-orders of six months or more. Tens of thousands ofAmericans have been lining up outside of firearms shops and gun shows, grabbing up anything theycan get their hands on.That’s what it looks like when the entire consciousness of a nation suddenly shifts.That’s what it looks like when hundreds of millions of dollars of capital are rapidly reallocated.
    • One day in the not too distant future, the people of this country and around the world are going to cometo the realization that our governments, central banks and state-sponsored financial institutions havebeen playing a shell game – that it’s all been one grand manipulation.Confidence in our government’s ability to manage this crisis will be lost. When that happens, as JayTaylor notes, “there will be a rush to gold like we’ve never seen before.” Precious metals dealers andcoin shops all over the globe will sell out of inventory. As we’ve seen with popular assault rifles,ammunition and accessories recently, this shift of capital will lead to almost immediate price increases,and subsequently more public interest and panic buying.There will be a bubble in gold – perhaps one of the biggest asset bubbles we’ve ever seen. But we’renot there yet. When you see lines of anxious shoppers waiting around the block to get in to your localbullion exchange and when stocks in exploration and mining companies jump hundreds of percentagepoints in just a few weeks time, then you’ll know we’ve reached bubble levels. If you haven’t acquiredsome gold and silver assets by then, it’ll be too late. Get gold now.United States Gold Bullion DepositoryFrom Wikipedia, the free encyclopediaThe United States Bullion Depository, oftenknown as Fort Knox, is a fortified vault buildinglocated adjacent to Fort Knox, Kentucky, used tostore a large portion of United States official goldreserves and occasionally other precious itemsbelonging or entrusted to the federal government.The United States Bullion Depository holds 4,578metric tons (5,046.3 short tons) of gold bullion(147.2 million oz. troy). This is roughly 3 percentof all the gold ever refined throughout humanhistory. Even so, the depository is second in theUnited States to the Federal Reserve Bank of NewYorks underground vault in Manhattan, which
    • holds 7,000 metric tons (7,716 tons) of gold bullion (225.1 million oz. troy), some of it in trust forforeign nations, central banks and official international organizations. History Seal of the U.S. Mint In 1933, U.S. President Franklin D. Roosevelt issued Executive Order 6102, which outlawed the private ownership of gold coins, gold bullion, and gold certificates by American citizens, forcing them to sell these to the Federal Reserve. As a result, the value of the gold held by the Federal Reserve increased from $4 billion to $12 billion between 1933 and 1937.[2] This left the federal government with a large gold reserve and no place to store it. In 1936,the U.S. Treasury Department began construction of the United States Bullion Depository at Fort Knox,Kentucky, on land transferred from the military. The Gold Vault was completed in December 1936 forUS $560,000, or $8.5 million in 2009 dollars. The site is located on what is now Bullion Boulevard atthe intersection of Gold Vault Road. The building was listed on the National Register of Historic Placesin 1988, in recognition of its significance in the economic history of the United States and its status as awell-known landmark.[3]The first gold shipments were made from January to July 1937. The majority of the United States goldreserves were gradually shipped to the site, including old bullion and newly made bars made frommelted gold coins. Some intact coins were stored. The transfer used 500 rail cars and was sent byregistered mail, protected by the U.S. Postal Inspection Service, and the U.S. Treasury Departmentagents.[citation needed]During World War II, the depository held the original U.S. Declaration of Independence and U.S.Constitution. It held the reserves of European countries and key documents from Western history; forexample, it held the Crown of St. Stephen, part of the Hungarian crown jewels, given to Americansoldiers to prevent them from falling into Soviet hands. The repository held one of four copies(exemplifications) of the Magna Carta, which had been sent for display at the 1939 New York WorldsFair, and which, when war broke out, was kept in America for the duration.During World War II and into the Cold War, until the invention of synthetic painkillers, a supply ofprocessed morphine and opium was kept in the Depository as a hedge against the United States beingcut off from the sources of supply of raw opium.[4]Construction and securityBelow the fortress-like structure lies the goldvault lined with granite walls and protected by ablast-proof door weighing 22 tons. Members ofthe Depository staff must dial separatecombinations known only to them. Beyond themain vault door, smaller compartments providefurther protection.[5] According to a MoslerSafe Company brochure: "The most famous, if not the largest, vault door order came from the Federal government in 1935 for the newly-
    • constructed gold depository at Fort Knox, Kentucky. Both the vault door and emergency door were 21- inches thick and made of the latest torch- and drill- resistant material. The main vault door weighed 20 tons and the vaultcasing was 25-inches thick." [6]The facility is ringed with fences and is guarded by the UnitedStates Mint Police. The Depository premises are within the site of Fort Knox, a United StatesArmy post, allowing the Army to provide additional protection. The Depository is protected bylayers of physical security, alarms, video cameras, mine fields, barbed razor wire, electric fences,heavily armed guards, and the Army units based at Fort Knox, including unmarked Apachehelicopter gunships of 8/229 Aviation based at Godman Army Airfield, the 16th CavalryRegiment, the 19th Engineer Battalion, formerly training battalions of the United States ArmyArmor School, and the 3rd Brigade Combat Team of the 1st Infantry Division, totaling 30,000soldiers, with associated tanks, armored personnel carriers, attack helicopters, and artillery.There is an escape tunnel from the lower level of the vault to be used by someone accidentally lockedin.[7]For security reasons, no visitors are allowed inside the depository grounds. This policy has beenenforced ever since the vault opened and the only exception was an inspection by members of theUnited States Congress and the news media on September 23, 1974 led by then Director of the UnitedStates Mint Mary Brooks.[7]GoldGold holdings peaked during World War IIat 20,205 metric tons (649.6 million oz.troy). Today, holdings are 4,578 metric tons(147.2 million oz. troy) in 368,000standard, 400 oz. troy (12.4 kg or 27.4 lbavoirdupois) gold bars. At the June 17,2012 rate of $1,618.82 an ounce [8] it isworth $238.290 billion, while the WorldWar II total of 649.6 million oz. troy wouldbe worth $1.051 trillion. The depository also holds monetary gold coins. The 1933 Double Eagle wasalso a temporary resident after transfer from 7 World Trade Center in July 2001, until its sale in July2002 for $7.59 million. Sometime in 2004, 10 additional allegedly stolen 1933 Double Eagles weretransported to Fort Knox for safekeeping.
    • Not all the gold bars held in the depository are of exactly the same composition. The mint gold bars arenearly pure gold. Bars made from melted gold coins, however, called "coin bars", are the samecomposition as the original coins, which is only 90% gold. Unlike many .999 fine gold bullion coinsminted in modern times for holding-purposes today, the coin alloy for pre-1933 U.S. coins, which wereintended for circulation, was a much tougher and wear-resistant .900 fine alloy (balance copper) usedfor all U.S. gold coins since 1837. (See crown gold for further gold coin alloy history.)All of the gold in the depository, if pure, could form a cube 20.3 feet (6.19 m) on a side—a volume of237 m³. In comparison, all the gold ever refined in history (an estimated 165,000 tonnes) is about 40times greater, so the facility alone holds about 2.5% of all gold ever refined.[9]The United States holds more gold bullion than any other country, with about 2.39 times that of thenext leading country, Germany.QUESTION IS THEIR EVEN GOLDIN THIS THAT PLACE I DONTTHINK SO THE FEDERALRESERVE BANKSTERS STOLE ITFREAKING LONE SHARKINGCROOKS THATS WHY ITS SOHIGHLY FORTIFIED ANDPROTECTED BECAUSE THEIRSNOTHING IN THEIR BUT THEYWANT YOU TO THINK THEIR ISFake Gold Bars in Bank of England and Fort Knox CHECK ARTICLE BELOW Gold Confiscation of April 5, 1933 CHECK ARTICLE BELOW Emperor Has No Gold CHECK ARTICLE BELOW Reserve Admits "We Have NO Gold" VIDEO BELOW Paul - Audit The Fed ( No Gold In Fort Knox ) VIDEO BELOW Gold Pool CHECK ARTICLE BELOW