Stacy Summary: I have still seen no UK investigation into Tony Blair’s alleged employment at JP Morgan. What do you think he does for the $2 million he began collecting days after leaving Downing Street? Or is it a matter of what he did while in Downing Street?
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It is cases like this that are baffling in that one would expect JPMC to have its UK bases on Jersey, Guernsey and the Isle of Man — not The City.
London as a finance HQ for non-UK entities is iffy compared to the offshore banking islands — at least from 1980s onwards.
Tony Blair’s remit was to get the former Eastern Bloc countries fast tracked into the EU and then into the debt economy.
@whitemale08
I think it’s a couple of United Sachs of Armageddon GNP’s.
A big vulgar farce.
i would presume tony blair has all the right contacts in propaganda and the military industrial complex from his stint as PM. is he not still the middle east peace envoy? would he not still have insider knowledge on the strategy for the middle east? be it oil? or maybe plans to implement western taxation/banking mechanisms in the middle east? is he not a globalist? is he not interested in furthering global government?
my bet is he is with JP Morgan as part of the oligarchy’s strategy to implement fiat currency, central banking and corporatocratic taxation in the middle east.
The ‘empire’ is finished!
Goldman Sucks and JP Morgan are completely bankrupt!
They have more then 200 million each in worthless derivatives and credit-default swaps on their balance sheets…according to the Federal Reserve’s own website!
Darling can see the ‘hand writing’ on the wall but not even a 50pc super-tax will save Gordon Brown because they should’ve never tried to bail out the City of London in the first place!
English taxpayers cannot wait to get rid of those clowns in Parlaiment!
@fibon…uuurgh….just put me off my life….
@ Stacy sorry,lol I understand.. I wont do it again.!. at least it was on message this time!
@Phil/Germany regarding USD valuation and holdings.
http://www.treas.gov/tic/mfh.txt
This is the URL for the listing of foreign T-Bond holders per month.
Notice that China and Japan own a total of more than 1.5 TRILLION dollars in bonds.
So, what the heck is Hillary Clinton threatening the Japanese with? The only thing that I can see that is a card in the hand is printing more cash and more QE? The US gov’t is on Japanese land. Unless the US is being abusive to the Japanese (and the Okinawans are already in revolt), the demands of Clinton will be unheard.
Perhaps insteead of the US President flying back to Washington DC, he should hop on AF-1 and Fly to Okinawa during his “vacation time” in Hawaii. Then, instead of Clintoon, we could give the Okinawan population the Max Keiser “Obama-pimp” routine. Oh I forgot that the US has been pimping Okinawan girls for the last 50 years.
And, now to something that’s really different…
http://www.istockanalyst.com/article/viewarticle/articleid/3739425
Gee, did QE hit a brick wall?
CNBC is busy reporting that Case-Shiller Index is showing housing prices are up. That’s interesting, because when I look at Case Shiller today, the prices are actually down.
Can we say “PROPAGANDA” again?
@Fibon11235 – ahem, a warning might be in order there . . .
http://www.flickr.com/photos/baalands/617428092/
@ Marc Authier
Going back to Tesla…I think he was largely ignored or forgotten because he wasn’t a business man, he was independent and not part of a corporation. In my opinion, Tesla’s circumstance in the early 1900s is extremely relevant to our current economic situation. This man deserves a hell of a lot more credit than he has been given.
@Mongo
JP Morgan is “TOO BIG TO FAIL”. We know. There is still a problem with this hypothesis. When the net derivative positions is many times larger than the US GDP or the world’s GDP, who insures the risk ? God ? In the case of JP Morgan it’s definitely Satan. And as you know, you can’t trust the devil. In reality you are wrong Mongo,
JP Morgan is “TOO BIG TO SAVE”.
That’s the dirty little secret that I know and that apparently a lot of physical buyers of gold and silver know, JP Morgan is like Tchernobyl in waiting.
Deadthread. go to work, get dollars, buy metal. bye ya’ll.
when i was a kid, there was always that spoiled brat who owned the bat and ball. after going home a few times with the bat sticking out of his ass he finally played outfield.
I repeat: record companies keep lists of royalites owed going back to 1985.
We live in a kleptocracy allright..
“One of the painful things about our time is that those who feel certainty are stupid, and those with any imagination and understanding are filled with doubt and indecision.”
Bertrand Russell
so if jamie dimon can’t play first, he’s taking his bat and ball. let the fucker go. who else want’s him.
@Phil/Germany, just generally. I mean c’mon. It’s almost impressive how big of a failure the whole financial system is. Rigged markets, corrupt politicians (nothing new here though), manipulated prices and suppressed commodity prices… and its global. On top of that we have global issues that are not affected by this crap.. like pollution, overpopulation, poverty, instability and … of course.. the “war on terror”
While there is a court case about 80 billion USD in unpaid royalties owed by record companies.
I repeat: record comanies often do not pay royalties for the records they put out.
They do get the UK government to charge you for precieved losses. Even if you don’t download!
http://tinyurl.com/yckpcpb
@Mongo … epic fail of the world
Anything specific ? .. or just generally !
epic fail of the world
@Mike .. Morning … “only a sharp rise rates will bring them down.”
Short term maybe !
I had a 22% Mortage in the early 70′s .. sold the London flat 2 years later for 2x !
i.e. didn’t really make any money, as the GBP was worth less .
Morning Gang!
Stacy
House prices are being “Held” by Gordon etc….only a sharp rise rates will bring them down.
Mike
Wilbur Ross a big shot investor is saying up to 1,000 US banks could fail in the next 2-3 years. Remember the FDIC is insolvent too. I see a bank holiday coming to the US soon.
JP Morgan will never be allowed to go bust. It might be under threat of doing so but Mr O’Blowama will fill in the gaps in the books.
I don’t own that much silver.. but what little amount I own will do me good after this crap is over!..at least the worst part
JP Morgan as insolvment as Great Brownia.
http://boombustblog.com/20090121766/Re-JP-Morgan-when-I-say-insolvent-I-really-mean-insolvent.html
Brandon Sanks:
I do not think that the BoE will not be exposed to any form of economic transparency for some time. Unlike the US which was constructed on a – albeit meagre – form of democracy, the UK has never enjoyed such privilege. As far as I am aware, all UK wealth is owned by the monarch and leased to her/his subjects. Our first problem is ridding ourselves of this parasitic institution before we can address matters such as economic transparency in the BoE.
In answer to the posted topic: as for JPM/GS. The rights of the individual are shrinking in the UK, so maybe that means the economic opportunities are increasing for JPM/GS and they will stay. Any suggestion of them leaving is either because they are going bust – unlikely – or to strengthen their negotiating influence.
PS@Since ca. 1971, the GBP has lost value by a factor of 30 imo !
BTW, that’s a 97% devaluation in 40 years !
.. makes the US$’s 100 years look pretty good !
@Stacy … on UK house prices
I spoke to my sister in the UK last night, and she seemed to be in a hurry to buy a second house, saying that house prices will rise soon ….. Gulp !
( the same sister than did NOT take my advice to buy gold at 15K/Kg. , instead bought National Savings Bonds )
OK, having your money in a house is better than having it in GBPs or NSBonds IMO.
Repeat : in the early 70′s, house prices did rise 3x after the GBP/Gold debacle. i.e. simply a GBP devaluation of course , not “real” house price rises.
Since ca. 1971, the GBP has lost value by a factor of 30 imo !
Quite a profound move for Fiat paper in ONLY 40 years .
Sort of makes me think we must already be on the steeper part of the exponential fiat curve !!
What’s funny with a firm like JP Morgan, is if you analyse their balance sheet, there is NOTHINGNESS behinf it. JP Morgan is worth more dead than alive. The universe could or God could liquidate this firm, and all these parasites and blood suckers would be out of a job and bonuses. People would even benefit seeing that financial heap of manure of derivatatives clowning as bank liquidated.
Jamie DImon. Sounds a lot like Jamie Daemon.
Yeah I was just being sarcastic. ;p His arguments are easily refuted.
@Wilson, gold will go below $1000 .. but thats not because its in a bubble. Rather a good sign that you should buy!
Bonn, the answer is simple and you know it
http://www.thestar.com/business/article/742619–olive-don-t-believe-hype-over-gold
Someone at the Toronto Star doesn’t like gold. And that’s right gold has been a bubble for 10 years, huh? So all of you who have it better sell!
and what about Hank?
“… it has added President George W. Bush’s former U.S. Treasury Secretary Henry M. (Hank) Paulson, Jr. to its advisory board–a logical fit given his extensive business and political experience in China.”
http://www.greencarreports.com/blog/1022714_electric-car-startup-coda-gets-more-cash-plus-hank-paulson-as-advisor
Off topic
http://en.wikipedia.org/wiki/Svalbard_Global_Seed_Vault
“The prime ministers of Norway, Sweden, Finland, Denmark, and Iceland participated in a ceremonial “laying of the first stone” on 19 June 2006.
The Svalbard Global Seed Vault opened officially on February 26, 2008″
Hic
Now thats real fast Hmmm errrr why did they build it so fast ?
@Stacy
Still the threath of not having the HQ in London sounds more like a convinient way to shift the blame. What would be the use ot the HQ?
What comes first.. dollar collapse or banking debt prolapse!
@Brandon – lol, no; house prices haven’t crashed in UK yet so most people don’t want to ask questions because that might ruin the magic trick
JP Morgan and Goldman Sachs caused Bear Stearns and Lehman Brothers to fail. It is so sick to see the financial media protray Jamie Dimon as some sort of hero. Dimon and JP Morgan are scum!
Is their a movement in the UK to audit the Bank of England like here with the Federal Reserve? There should be the Bank of England is just as corrupt. Only they have been doing it for nearly 300 years longer than the FED.
100% of the profits and the bonuses to the bankster and 100% of the losses to the slave taxpayers. Got a problem with that ? Nice return to the plantation.
Sniff! Sniff ! The british slaves will finish by bowing and crawling to their nazi JP Morgan masters of the universe. Blair is a squnk.
Sniff! Sniff ! The british slaves will finish by bowing and crawling to their nazi JP Morgan masters of the universe.
Japan is waking up.. http://tinyurl.com/yctq4u4
@Danny .. you win, mie was slightly off topic !
Seems funny that the EU ALSO condoned the surprise tax on bankers.
Where does GS & JPM want to relocate to .. Switzerland ?
LOL !
Quite a few smaller London Offices have already relocated to Switzerland. They struck deals with the local “Kantons”.
The same guys said : “Wow, what a difference it makes in Switzerland. We are treated like customers .. with respect, not like tax-slaves as in the UK ”
Those “small” Finance Cos. were moving Billions BTW.
I could NOT imagine any of those big guys moving to Spain, they would have to adhere to EU rulings … whereas Switzerland might be a different matter altogether.
Just talk at the moment IMO !
Troisième!
Let them eat crap!
curse you phil! second…
Goldman Sachs threatens Spanish move
http://www.dailybestarticles.com/goldman-sachs-threatens-spanish-move/
(originally an Independent article but has since been takun down from their webite)
29 – 12/09 Foreigners Send a Message: Your Debt Instruments Suck
02:27 by Administrator. Filed under: Whatever
by John Galt
December 28, 2009
http://johngaltfla.com/blog3/2009/12/29/foreigners-send-a-message-your-debt-instruments-suck/