Agreed. I found this following quote from JPM most interesting:
“We don’t have any real exposure to gold.” Perhaps in your investigation you can ask him to define the term “real”.
Without transparency, the fat cats can pull some amazing stuff and leave the rest of us holding the bag.
Knowing JPM what they probably meant was they were both long and short gold.
The “elite” are rearranging the deck chairs for their comfort while j6p has a very uncomfortable time in steerage, but I believe in the end we are all in the dumper unless transparency, honesty and ethics once again are a hallmark of our government and economy.