Someone Higher up the Chain than Jamie Dimon Is Causing Market Chaos.
@2:09, “the liquidity shortage is getting worse (as in the following article title): Feds Repo Oversubscribed as Funding Demand Soars 50% Overnight”.
@2:19, the DOJ “is blaming Bear Sterns as a criminal enterprise because it introduced ‘spooking’ to their peers.” As a result, JP Morgan people are now being arrested. Lynnette Zang says that there is a demand for monetary products that don’t exist.
What happens when people can’t get rid of their stocks? We are at that point now. There is no liquidity. We are $58 billion in debt (and have been since ’97 under the Fed. Chair Alan Greenspan, during: Reagan’s, HW’s, WJC’s, W’s, O’s, and DJT’s times on the throne, meaning that both parties were involved in kicking this can down the road, with the help of Greenspan). Why has no one rolled their sleeves up and actually fixed this huge debt for the last 22 years? Who benefits? Our country is one that is built on accruing debt in our monetary system, to create even more money (debt). The traders, buyers/ sellers all know this.
Right now DJT is rolling up his sleeves to get us off of the artificial current petro-oil dollar system set up in 1971 under Nixon, and getting us back to the gold standard, so that all of the wrinkles can be smoothed out and all world trading will get back on the gold-backed monetary system. Current Fed. Chair Jerome Powell seems to lag behind DJT in doing much of anything (other than to add a band-aid) to fix this problem. Do I see another turn-over in DJT’s administration for a new Fed. Chair?
There are now sealed indictments for people who allowed this can-kicking debt to happen, and these people go up much higher than Jamie Dimon. Who are they? Is Greenspan one of them?
Watch the vid to see this and other information.
(post is archived)