JP Morgan is many times larger than Lehman Brothers was, and in fact bought Lehman Brothers. JP Morgan process over 1 Trillion dollars per day in transactions and is truly a global institution. Should it become insolvent, the entire global economy would collapse very fast. Even worse, JP Morgan isn't the only bank the FED has concerns about. It is concerned about 3 of the other of America's largest 6 banks.
This has the makings of a true economic nightmare. Many, many times worse than 2008.
There is usually a 6-12 month lag from warning to event, so I do not expect this to occur until late 2016 to mid 2017. The reason for this is because the government does not actually want us prepared, they warn us far in advance, knowing most will forget by the time it actually occurs. This fulfills their code(yes they have a code)of warning their enemy before attacking, yet does not truly prepare him, due to the time lag.
When real events happen, they do so without warning, out of the blue. This is to maximize the damage and effectiveness of the attack. All events are attacks, whether market crashes or terrorist attacks. This story is no different and will come to pass without warning.
There is always a lender of last resort ... Maybe its not the U.S. Fed, yet it will be someone???
ReplyDeleteThat's where the problem lies, bc all this corrupt banking, and swindling has literally put all countries on the cusp of collapse. So there's no where for such a lender to emerge from, unless of course said lender comes baring worthless fiat currency.
Delete