Crash JP Morgan Buy Silver America says Max Keiser
Uploader Comments (sscam2001)
Top Comments
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You must buy PYHISICAL the ETFS are worthless !!!!
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wow i just bought 40 oz!
All Comments (108)
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@AirelonTrading I don't recall you ever saying that which why I asked you for your thoughts. Many people seem to be patting Jamie D on the back for doing better than expected. I'm sure he will get a nice bonus.
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@Burleytommy I never ... ever ... ever confuse political or emotional "will", with the mark on assets.
I treat the markets like a Vulcan. :^D
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@Burleytommy When did I say that JP Morgan showing profits is a good thing for the country?
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@Burleytommy (cont) at the same time ... TOTALSL had absolutely bottomed out. It had to rebound. Heck, Matt Busigin had been talking about that about a month ago over at macrofuge. JP Morgan knew it too, and simply leveraged that position, while protecting their opposite side.
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@Burleytommy (cont) Looking over FRED data that's open and public to all ... The consumer is still de-leveraging and treating their savings in a little more responsible manner, while at the same time, using credit cards MUCH more responsibly. PSAVERT is continuing to advance (Personal savings rate), backlogs on US manufacturing continue, and at the same time, (cont)
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@AirelonTrading I'd like to add that JP Morgan is the largest service r of food-stamps in the U.S., offering benefit cards in 26 states, they get paid by customer. How much of their profit was generated from the fact that so many people are on food stamps? I'm not picking you, I'm just not sure that the fact that JP Morgan showing profits is actually a good thing for the country as a whole based on the areas of growth on their balance sheet. What are your throughts?
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@Burleytommy Well ... folks have to remember that with the advent of leverage spreading ... institutions can place a position, and if it doesn't work out, no big deal. If it does work out even a little, they've made a fortune. Anyone ... really can do this. It's not as if JPM is the only one who is allowed to do this in the capital markets.
As to "Americans are putting bills on credit than paying their mortgage" ? I'd personally have to say no. (cont)
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@AirelonTrading On my lunch break I listened to your "merchants of fear" video. It's made me step back a little and think about things. Moving forward, I was simply asking a question. "Could JP Morgans growth be caused by the fact that more Americans are putting bills on credit, than paying their Mortgage?
JP morgan will get bail out by the FED LOL it wont crash
jezza1789 10 months ago
@jezza1789 Well if that happens then it would mean the creation of more dollars which is bullish for precious metals, which will put JP morgan in an even worse position, which will mean more money will need to be created, which will further drive up the price of silver, again bad for the share price of JP Morgan, the evil vampire squid of a bank fails, or we all get increased value for the silver we are holding.
sscam2001 10 months ago
My fishmonger says mackerel are dying out . Buy now (at inflated prices) before the bull market in mackerel stocks.
My tailor says buy his suits before the bull run in suits.
My widget supplier says buy widgets before the massive run in widgets.
My whatever holder of whatever says buy whatever because they want the price to rise and they make a profit.
Buy silver, gold whatever. All they want is to inflate the price so they personally profit.
All they are doing is talking up their asset.!
skemmite 1 year ago
@skemmite if this is how you feel by all means DON'T buy silver and gold. Stay in paper which the government has announced they will be printing much more of via QE2 and they are already planning QE3 before the ink in dry on the bills they printed for QE2. So yeah ignore the gold and gold bugs saying that there is still time to buy because you have not seen nothing yet based on their believe that gold will hit $10,000 and silver $500
sscam2001 1 year ago 2