Posted on 01/23/2011 11:24:22 AM PST by Frantzie
If you are trying to figure out why the Fed keeps interest rates so low and what is going on in precious metals. Watch this video. Warning there is some salty languange and innuendo.
The woman in the video is Blythe Masters of JP Morgan. Head of commodities trading.
(Excerpt) Read more at xtranormal.com ...
It’s still a toon. Is any of it actually what she has said?
You are picking on zero’s favorite banker you know :)
JPMorgan CEO Jamie Dimon Donates Serious Cash to Democrats
http://www.opensecrets.org/news/2009/07/jpmorgan-ceo-jamie-dimon-donat.html
JP Morgan gives ACORN Millions
President Obama’s Favorite Banker
http://www.economicpolicyjournal.com/2009/07/president-obamas-favorite-banker.html
Tell me where it is wrong? JP Morgan is being sued in a calss action for manipulating the silver market. It is all about keep interest rates low to pay for the defecit (i.e. Obama and his cronies looting America).
If you look around on the web - she has said things probably even worse in memos.
Sadly the masses are more intersted in ball games and other idiocy because the manipulation and fraud is fairly complex. This video is about as simple as it gets.
I watched, it’s coherent, I wonder whether she agree it’s her own thinking?
Oh - it’s even worse than that. JP Morgan runs the food stamp credit card program in the majority of states. I almost fell off my chair when I learned that.
Old man Morgan and Brit and French bankers squeezing Germany led to the rise of Hitler.
Also the Chase in JP Morgan Chase is the Rockefeller family.
JP Morgan was portrayed as the savior when the markets were melting down. It was really a front for the Fed “bailing” thing out.
Everybody in precious metals knows about Blythe Masters.
I am not following you. She is just another puppet. The idea of supressing precious metals prices to keep interest rates low to keep the debt repayment low would probably sound great to most Americans.
Most Americans getting 1% at their bank on a CD or moeny mkt while paying 26 to 29% on their credit cards!
This will fall apart as inflation takes off. The USA is just being looted before the fall just like the USSR.
The same #%$# Blythe Masters of JPM was the architect of Credit Derivative’s and one of the inventors of the Carbon Trading Scam and JPM also illegally foreclosed on our troops.
I must say, I love this blog.
I actually saw the conservation at ZeroHedge where people were begging him to write a blog.
I check it everyday.
Of course, he has an odd handle, the TF stands for Turd Ferguson.
Obama's tapping Chicago Bill Daley for WH COS was part of Ohaha's "No-Chicago-Sleazeballs-Left Behind initiative" (to paraphrase Malkin). The first Obama admin----Jarrett, Axelrod, Gibbs, Rahm Emanuel---was top-heavy with people having a personal history with Obama, direct access, and a strong, political bent.
Bill "Let's Count the Ballots Again in this Locked Room" Daley is the new Ohaha COS ......... Daley headed the Chicago Branch of The Daley Family Vote Mfg Division. The Daley family motto is "When We Fix Elections, They Stay Fixed."
NOTE During the 2008 Democratic presidential primaries, Daley was a prominent supporter of Barack Obama. On November 5, 2008, Daley was named to the advisory board of the Obama-Biden Transition Project.
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MORE DALEY TIDBITS: Bill Daley (brother of Chi/Mayor Richard Daley), is former Commerce Secy under Clinton and long-time executive at Wall Street’s JP Morgan Chase.
REFERENCE Lehman's Bankruptcy Estate Sues J.P. Morgan
WSJ | 5/26/2010 | BY MIKE SPECTOR And SUSANNE CRAIG
FR Posted May 26, 2010 by markomalley
Lehman's Bankruptcy Estate Sues JP Morgan Chase & Co., alleging that JP Morgan illegally siphoned billions of dollars from Lehman in the days before the investment bank filed the largest bankruptcy in US history.
The lawsuit, filed Wednesday in US Bankruptcy Court, New York, alleges that JP Morgan Chief Executive James Dimon and other top executives used inside knowledge to take advantage of Lehman as its financial state worsened.
JP Morgan coerced Lehman to turn over $8.6 billion in collateral in Sept 2008, triggering a liquidity squeeze that contributed to Lehman's collapse, the suit said. The estate is hoping to recoup billions in collateral the bank demanded, and other damages. (Excerpt) Read more at online.wsj.com ...
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Daley became associated with Amalgamated Bank of Chicago, where he was first vice chairman (1989–1990) and then president and chief operating officer (1990-1993). Daley returned to the practice of law, as a partner with the firm Mayer Brown (then Mayer, Brown & Platt) from 1993 to 1997, where he served on the board of Fannie Mae.
In December 2001, he was appointed President of SBC Communications Inc. to help reform the company's image.
In May 2004, Daley was made Midwest Chairman of J.P. Morgan Chase and Bank One Corp. to oversee post-merger operations from Chicago. (See JB Morgan billion dollar looting reference above--circa 2008.)
Daley currently serves on the Boards of Directors of Boeing, Merck & Co., Boston Properties, Inc., and Loyola University Chicago. He is also a trustee of Northwestern University and sits on the Council on Foreign Relations.
In 1993, he served as special counsel to the President on issues relating to the passage of the North American Free Trade Agreement (NAFTA). In 1997, Daley became Secretary of Commerce in the second administration of President Bill Clinton, and he remained at that post until July 2000, when he resigned to campaign for the Vice President.
After he resigned as Commerce Secretary he became chairman of Vice President Al Gore's presidential campaign. He was portrayed in the HBO film Recount, about the Florida election recount of the 2000 presidential election, by actor Mitch Pileggi.
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NOTO BENE Daley currently serves on the Boards of Directors of Boeing. Boeing's Corporate HQ moved to Chi-town in Sept of 2001. Boeing was "offered multi-million dollar tax breaks" b/c other cities were wooing Boeing.
So guess what Chicago Mayor facilitated the Boeing FREEBIES - which shifted a huge tax burden to Homeowners for decades to come?
Yup----it was Richard M. Daley, Bill's brother. And then Bill Daley gets picked to be on Boeing's Board of Directors. Watta coincidence.
JPMorgan Chase overcharged roughly 4,000 troops on their mortgage and improperly foreclosed on 14 of the families, a spokesperson for the bank said Mon.
Under the Servicemembers Civil Relief Act amended 2003, lenders can be required to lower mortgage rates for active-duty military personnel to 6% and cannot pursue a foreclosure, but according to the report, Chase was slow to make the change for many of the families, charging Marine Capt.
Jonathan Rowles as much as 10% and hounding him with debt collection calls for as much as $15,000 in arrears, according to NBC news. The Rowles case against Chase is still pending, but the bank said it had made the mistakes and is trying to correct the problem.
In a statement sent to HousingWire, Chase said it will be sending roughly $2 million in refunds to families that have been overcharged and will give back the homes that were improperly foreclosed.
Major servicers are under investigation from regulators and the 50 state AGs for other problems in the foreclosure process. Iowa AG Tom Miller said in a statement sent to HousingWire that Chase disclosed the overcharges to him "very recently." "I m concerned and troubled over JP Morgan Chase's disclosure," Miller said. "Our deployed men and women should focus on their deployment.
Neither they, nor their families, should have to endure this kind of financial distraction back home."In Dec, he did say a settlement compensating homeowners was one of many options on the table. "We made mistakes here and we are fixing them," a Chase spokeswoman Kristin Lemkau said. The bank said it is reviewing how it services loans to military personnel, and it has implemented a team that works only for these borrowers.
"He possesses a deep understanding of how jobs are created and how to grow our economy." That's what Barack Obama said as he announced the appointment of his new chief of staff, William Daley, before a crowd of admiring White House staffers.
It's not hard to understand Obama's reasons for choosing Daley. Businesses are sitting on $1 trillion in cash and refusing to make job-creating investments. They are spooked by the Obama Democrats' vast expansion of the size and scope of government and the prospects of ever more intrusive and expensive regulations being churned out by various federal agencies every day.
Obama hopes that the fact that Daley has held high-level jobs in the private sector will assure them that their fears are unfounded. But when you take a look at Daley's resume, what you see are positions not in job-creating departments but at the intersection between private firms and governments. He headed a union-owned bank. He was on the board of Fannie Mae. He was a high honcho at the telecom SBC. Most recently, he has headed Chicago affairs for JPMorgan Chase, whose CEO, Jamie Dimon, is the most politically shrewd of the big finance chief executives.
In the financial turmoil of 2008, Dimon obtained Bear Stearns for a song and Washington Mutual at a favorable price. His bank unloaded mortgage-backed securities while Citigroup loaded up on them and, unlike Bank of America, didn't get saddled with the losses of Merrill Lynch.
Daley's public-sector jobs have also been located at the intersection of government and business. In his first term, Bill Clinton hired Daley lead the lobbying for the North American Free Trade Agreement, and in his second Clinton appointed him secretary of commerce, where he also pressed for free-trade measures.
You can understand why he has been appointed to the boards of directors of Boeing based in Chicago (heavily dependent on exports and pro-free trade) and Abbott Laboratories (heavily dependent on intellectual property rights and government regulation). And why left-wing bloggers have been denouncing his appointment.
Actually, Daley's views and his background are not so very different from those of the first Obama chief of staff, Rahm Emanuel, who seems likely to be elected to succeed Richard M. Daley as mayor of Chicago in a few weeks. Emanuel famously recommended an incremental approach on health care; Obama decided to follow Nancy Pelosi's advice, with policy and electoral results that are well known.
The major difference between Emanuel and Daley is one of temperament. Emanuel is fiery, profane, intense; Daley is calm, gruff, matter-of-fact. In this, Daley -- whose appointment was announced Thursday -- resembles the man who was installed as speaker of the House, John Boehner.--SNIP--
the banks don’t want you to owm precious Metals, I wonder why that is???
bookmark to read
Because they're in a bubble, duh. They're just looking out for YOUR best interests, as they always do.
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