• When People Tell You Who They Are - Believe Them - JP Morgan CEO Jamie Dimon Says He Would Shut Down Crypto

    December 6, 2023

    The real reason is Bitcoin threatens his power over the masses

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    I met Jamie Dimon (believe me, he doesn't remember me) in the mid 1990s while working for an investment bank that Sandy Weill of Travelers fame was looking to buy.

    Weill came through the office and Dimon was right behind him as his protege.

    After some years, the two parted ways and Dimon eventually joined JP Morgan, the commercial banking side of the original House of Morgan.

    At the time of our meeting, Weill was looking to bring down the Glass-Steagall Act, which separated commercial and investment banks, a product of the Great Depression. The original goal was to prevent investment banks from risking consumer deposits with speculative ventures.

    I remember thinking at the time -- this will not end well.

    It didn't and we found out how bad it would be in the 2008 financial crisis.

    Today, in a Congressional hearing, Jamie Dimon declared he would 'end crypto if he were the government'.

    That is a very tyrannical statement.

    Why might one say such a thing?

    Of course, he couched it in 'safety terms' like 'safe and effective' or 'flatten the curve', declaring he was concerned about financial crime.

    However, I don't think that's the real reason Dimon would end Bitcoin.

    He would end Bitcoin because it is the one thing that threatens the financial fiat matrix.

    It threatens the banking cabal that rules main street, the people who charge $40 if you bounce a check, or cut off your credit card while you're traveling without telling you, and embarrass you at dinner with a client.

    It's a huge racket, and a business that is in dire need of re-engineering, like the residential real estate broker racket.

    These mega banks, too big to fail, privatize the profits, and socialize the losses.

    We saw that loud and clear in 2008, and no bankers went to jail for the obvious fraud (let's take 100 garbage loans who are rated CCC and put them together in a package and presto - it's a AAA security!).

    What could go wrong?

    Dimon doesn't want to lose the ability to control what you do with your money, or lose the ability to use your deposits for whatever he wants. Or, lose the fiat system where money can be printed out of thin air to bail out, well, the big banks.

    Bitcoin allows none of that.

    With Bitcoin, it's your money, you can't print more of it, the government can't control it, or know what you are doing with it.

    That's really bad for the matrix.

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    L Todd Wood

    L Todd Wood, a graduate of the U.S. Air Force Academy, flew special operations helicopters supporting SEAL Team 6, Delta Force and others. After leaving the military, he pursued his other passion, finance, spending 18 years on Wall Street trading emerging market debt, and later, writing. The first of his many thrillers is "Currency." Todd has been a national security columnist for The Washington Times and contributed to One American News, Fox Business, Newsmax TV, Moscow Times, Novaya Vremya (Ukraine), the New York Post, National Review, the Jerusalem Post, Zero Hedge and others. He is also founder/publisher of CDM. For more information about L. Todd Wood, visit LToddWood.com.
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    jo doe

    Is Bitcoin a threat to Global Bankers??
    It is a threat because it Reveals how it is a Finite amount.
    This finite amount is a problem for Bankers that want to control their own Digital Coin...
    The Cankers need to Control the Supply as well as Interest Rate and the Rules of Enrollment/Usage... for Ultimate Enslavement from a Fiat Currency System. Method of employment requires Brain Washing, Muscle, MIC, Jails and Laws of Enforcement for their Crimes to proceed.

    jo doe

    It is an outstanding article.
    Since it limited my response I will post the rest of my thoughts...

    Bitcoins existence, let's the Masses, see the chicanery of their Ponzi Scheme.
    If you don't understand this... reread it until you do.
    Note: Bankers are Cankers.

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