JP Morgan CEO Jaime Dimon acknowledged that the stock market is rising only because the Fed is using taxpayer dollars to save large companies. He said, “The Fed’s liquidity, bringing out the bazooka, is propping up stock prices (as well as all other asset classes).” That may sound like a good idea, but these bailouts are rewarding bad behavior by banks and their favored businesses, and it is creating massive debt that will destroy the nation.
JPMorgan CEO Jamie Dimon told the Deutsche Bank Global Financial Services Conference attendees (virtually) that he sees a “good chance” of a fairly rapid economic recovery and is hoping things pick up in 3Q after what will be weak GDP this quarter.
“I give it some pretty good odds,” Dimon said. “The government has been very responsive, the Federal Reserve has been very responsive. Large companies have a huge wherewithal, hopefully we’ll keep the small ones alive long enough that most of them get back into business.”
While the all-seeing CEO warned that JPMorgan is “prepared for a scenario where recovery is slower,” Dimon implicitly pointed out that for now there’s nothing to fear but fear itself because “The Fed’s liquidity, bringing out the bazooka, is propping up stock prices (as well as all other asset classes).”
People will accept any insult to their liberties in order to survive, which is the reason why one crisis after another is scientifically engineered. Confusion and fear is the secret weapon of tyrants. This will continue until a significant segment of the population (perhaps 15%) understands the scam and pushes back.
West railed against a COVID-19 vaccine saying he believes it is the mark of the beast, a symbol of opposition to God noted in the Book of Revelation. He condemned Planned Parenthood and believes it is the tool of white supremacists to do the “Devil’s work.”
No one has done a proper study for a novel, never-seen-before virus, and it will never be attempted because it would destroy the theory that one virus is causing a pandemic. A few people at the top know the truth, but the cult operates on blind faith.
The decision could call into question thousands of state prosecutions for serious crimes. Under federal law, major crimes committed by individuals on Native American land must be tried by the federal government. Hundreds of state prosecutions could become undone, even for heinous crimes.
Oregon politician Jonathan Lopez admitted to police that he sent an “anonymous” hate-filled racist letter to himself in a bid to advance his political career. He lost the primary race and placed fourth when he was a candidate for county commissioner in May 2020.
It is already a crime to file a false police report and this bill could have a chilling effect on calling the police in a real emergency – especially if the crime or threat of crime is committed by someone of a protected minority.
Trump’s broad rollback of Obamacare rules that required employers to provide free birth control to women. But employers are no longer forced to participate in providing cost-free contraceptives to employees. Congressman Jerry Nadler said the regulations upheld by the Court can be reversed by a new President.
Samantha Shader is accused of hurling a Molotov cocktail at an NYPD van full of police during a George Floyd protest, and she claimed a trio of “black” strangers made her do it. Prosecutors say the bottle failed to ignite because she used toilet paper instead of a rag as the fuse. The facts do not support her story.
The State’s Medical Practice Board accused Dr. Jensen of ‘providing reckless advice’ on a news program by comparing COVID-19 to the ordinary flu. [Dr. Jensen is correct, of course, and If this goes to court, there is a good chance he will prove his case. Our guess, therefore, is that it will never go to court.]
The new classification of ‘probable cases’ includes 15 possible ways to be counted as a COVID-19 patient without ever taking a lab test. Anyone who had contact with a COVID-19 patient and has two symptoms can be considered a probable COVID-19 case and could be quarantined for 14 days.
Forest City Police Department officials said that Shaquille Marshon Francis allegedly murdered the girl just three hours after he had been released from jail. Earlier in the day, he was arrested and booked for allegedly pointing a gun at someone, and he was released hours later, enabling him to kill the little girl.
The driver was attempting to make a U-turn near the near the burned-down Wendy’s where Rayshard Brooks was killed when a group of armed individuals who were blocking the entrance confronted her and opened fire on the car. The police are seeking three suspects.
House Bill 2502 that would give the director of the State Department of Health the power to declare a health emergency if authorized by the governor. The governor already has the power to declare a health emergency, and critics of this bill say that it gives too much power to a state official who is not elected.
Rockland County officials issued subpoenas to eight people allegedly infected by the coronavirus to compel them to speak with contact tracers about contracting the COVID-19 disease at a party last month. Patricia Rupert, the county’s health commissioner, said, “Failure to comply will be costly: $2,000 per day.”
The country’s uninformed population may be exploited as the French researcher Jean-Paul Mira proposed, “Shouldn’t we be doing this study in Africa where there are no masks, no treatment, no intensive care, a little bit like we did in certain AIDS studies or with prostitutes?”
Places of worship must therefore discontinue singing and chanting activities and limit indoor attendance to 25% of building capacity or a maximum of 100 attendees, whichever is lower. A choir practice without masks was blamed for an acute outbreak of coronavirus in Washington State in March.
Video shows a driver hitting two female BLM protesters standing on the I-5 freeway at 1:30 in the morning. Summer Taylor died at the hospital. The Washington State Patrol says it will not allow protesters to enter I-5 and will arrest pedestrians on the freeway. The driver, Dawit Kelete, was arrested.
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In principle, everything being done now has been done before but on a smaller scale. The limitless scope of the new program is new, but the Fed remains in complete control at every step – including control over Congress and the White House. As usual, this latest maneuver is of the banks, by the banks, and for the banks.
Banking is an amazing business.It collects interest by loaning money created out of nothing, when it hits hard times it is bailed out with tax dollars, and when it is riding high, it enjoys incredible tax breaks. It loans money to governments, but it’s the taxpayers who guarantee repayment and pay the interest.