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Jamie Dimon Speaks Out Against “Money From Thin Air” - Rory Hall

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Published : September 27th, 2017
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Category : Gold and Silver

If ever there was person that knows and understands fraud, money for nothing and crimes against humanity it would be Jamie Dimon, President, JPMorgan Chase. Under Dimon’s watchful eye, the banksters organization has paid fines – which is to say been found guilty of crimes – for rigging the LIBOR market (fraud), drug money laundering (crimes against humanity) and rigging the FOREX currency market (both crime against humanity and fraud). Now Dimon wants to share his wisdom about bitcoin and cryptocurrencies.

Dimon’s daughter, who made profits from trading bitcoin, must be idiot as Dimon himself described. Dimon, who knows about money for nothing – money from thin-air – as one of the receiptients of the MASSIVE fund outflows from the Federal Reserve during the 2008 hostage negations. Remember, the Federal Reserve and U.S. Treasury held the American people hostage and threatened them with “tanks in the streets” and complete global meltdown of the banking system if the American people didn’t pay the ransom being demanded. JPMorgan Chase received $12 billion in TARP funds – more fraud and everyday, garden variety theft.

So, if anyone knows a good fraud, high crime or everyday theft, it would certainly be Jamie Dimon.

Jamie Dimon: Governments will close down bitcoin, cryptocurrencies

Jamie Dimon is certainly becoming the No. 1 target of bitcoiners everywhere. In recent weeks, he has called it a fraud, warned that it will crash and said it’s in a bubble (SEE: Jamie Dimon: ‘Fraud’ bitcoin could surge to $100k before it collapses).

Now he thinks governments will close down bitcoin and other cryptocurrencies if they get too big.

Speaking in an interview with CNBC-TV18 in New Delhi, India on Friday, the JPMorgan CEO explained that law enforcement will begin to crack down on peer-to-peer digital currencies by controlling it and threaten buyers and sellers with imprisonment. This would, he notes, create a black market.

“Right now these crypto things are kind of a novelty. People think they’re kind of neat. But the bigger they get, the more governments are going to close them down,” he said.

“It’s creating something out of nothing that to me is worth nothing. It will end badly.”

Whether the state does clamp down on bitcoin or not, he became quite the statist by slamming the cryptocurrency for not having government backing.

“With central banks, (the money) says legal tender: you have to take this as payment. It’s very cheap to do, it’s very easy to move back and forth. JPMorgan moves $6 trillion around the world every day very efficiently, very quietly, very effectively and very cost efficient,” he said.

“Creating money out of thin air without government backing is very different from money with government backing.”

Dimon’s comments have a great effect on the bitcoin market. Soon after he described bitcoin as a fraud earlier this month, the price plunged from about $4,340 to just under $3,000 in one day. But not everyone is pleased with his analysis, causing some to file a lawsuit against Dimon and JPMorgan for spreading false information.

Jamie Dimon calling anything a crime, and especially a fraud, is a joke. But you would think he is just a simple bank president running a great company if you only listened to the mainstream media. The MSM would never bring up these high crimes, felonies and fraud that have occurred while Mr. Dimon has been at the helm of JPMorgan Chase. The man should’t even be allowed to breathe free air, much be commenting on the markets.

Rory Hall, Editor-in-Chief of The Daily Coin, has written over 700 articles and produced more than 200 videos about the precious metals market, economic and monetary policies as well as geopolitical events since 1987. His articles have been published by Zerohedge, SHTFPlan, Sprott Money, GoldSilver and Silver Doctors, SGTReport, just to name a few. Rory has contributed daily to SGTReport since 2012. He has interviewed experts such as Dr. Paul Craig Roberts, Dr. Marc Faber, Eric Sprott, Gerald Celente and Peter Schiff, to name but a few. Visit The Daily Coin website and The Daily Coin YouTube channels to enjoy original and some of the best economic, precious metals, geopolitical and preparedness news from around the world.

The author is not affiliated with, endorsed or sponsored by Sprott Money Ltd. The views and opinions expressed in this material are those of the author or guest speaker, are subject to change and may not necessarily reflect the opinions of Sprott Money Ltd. Sprott Money does not guarantee the accuracy, completeness, timeliness and reliability of the information or any results from its use.

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Although I personally believe that crypto currencies are just tulip madness, I do agree 100% that if Jamie Dimon is against something, it is likely because he will lose money. He has overseen the banking industry from his ivory perch for long enough. He has permitted massive fraud and corruption on Wall Street, yet is still the Golden Boy that all in finance, the media, and politics bow down low to. When the USD topples, let us pray he falls as fast and as hard.
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Although I personally believe that crypto currencies are just tulip madness, I do agree 100% that if Jamie Dimon is against something, it is likely because he will lose money. He has overseen the banking industry from his ivory perch for long enough. He  Read more
The Recusant - 9/28/2017 at 9:00 PM GMT
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