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.
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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.
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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
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reflect the opinions of Sprott Money Ltd. Sprott Money does not guarantee the
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