What was originally reported on this blog as a loss significantly higher than $2 billion more than a month ago (in the article, almost as $31.5 billion was actually lost, but we’ll see), the mainstream media has finally decided to somewhat catch up, as the New York Times now reports the derivatives trading losses by Rockefeller/Rothschild cabal bank slave JP Morgan Chase were as high as $9 billion, more than 4 times the amount claimed by the bank in its official on the record accounts to the bought media.
Dimon said that the losses would be greater than $2 billion, but that would occur as the trade “unwinds” and would be seen in the next few quarters, but it should only be double the $2 billion loss. However, thanks to the magic called reality on planet Earth where the good guys out the criminal bankers, the amount has now reached a projected $9 billion, according to an internal report that the New York Times has now become aware of. This report was generated in early April, which means Jamie Dimon was knowingly lying to the media, public and Congress. How did he get away with it? The public is not paying attention, of course, because we’ve relegated the watchdog roles to two criminally run organizations called the media and Congress.
“Essentially, JPMorgan has been operating a hedge fund with federal insured deposits within a bank,” said Mark Williams, a professor of finance at Boston University, who also served as a Federal Reserve bank examiner.
The rest of the article is background filler, but this is getting interesting, as the New York Times is beginning to report some real news.
Story is HERE.
So now it’s becoming more mainstream – banks aren’t places to store your wealth, they’re actually casinos with just excuses to make you store your money with them so they can make bets, so that a bunch of people live really well. The politicians and media are the PR watchdogs, making sure you never sneak your nose into this business, but things have gotten so dirty, so corrupt and so blatantly evil that the information is getting leaked because segments of those very institutions have had enough.
I expect the losses at JP Morgan Chase to be astronomically high – I don’t think $9 billion is even close to the amount that they’ve actually lost when it comes to bad bets and trades. However, the bouncers at the door to the club, the mainstream media and Congress, remain wary gatekeepers for the criminals.
I’ve noticed a pattern lately: the more time passes, the more leaks emerge. Sure, you have your really “FEAR EVERYTHING” headline popping up and zealously sold by certain news outlets that are more interested in selling you discount water filters and t-shirts than telling you balanced news, but the leaks are coming, and in droves. The leaks are a sign of progress and an emerging culture of whistleblowing coming from decent people that believe in humanity, do not doubt that.
Remember, I don’t sell hopium, I only try to tell the news as best I can while working within a Matrix that constantly deceives and seeks to disinform. Facts are facts – more and more leaks of corruption, more and more backlash from people and protest groups, changing conversation in our politics. We’re winning this fight, but like any fight, it gets messy. Don’t get confused by the mess and get scared, that’s all I’m saying.