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Comment: Seems no limit to what JP & the Boyz can lose.
Seems no limit to what JP & the Boyz can lose.
Big Bank Theory: $250 Trillion Tender. JPM BoA GS MS. Bang! Submitted by Mark Twain 09/25/2011
JP alone has wagered over $78 trillion in derivative gambling. The Boyz in the US have wagered $250 trillion. They are hopelessly lost in a sea of debt.
Whether JP admits they lost $2 billion or now $3 billion... or soon $25 billion... pales in comparison to what they wager in worthless so called derivative bets. Further, $78 trillion pales in comparison to their privilege to create "legal tender" out-of-then-air when some unsuspecting victim sighs a loan document.
JP: A Fed founding member. Losing mind over matter.
Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul ☑