Jamie Dimon Bets Trump Will Last Only One Term As President

In an October 2017 interview, Jamie Dimon famously lambasted Bitcoin as a ‘fraud’ and the people who bought it as ‘stupid’ which, temporarily, halted the ascent in the Bitcoin price. It also led to much heated debate in the mainstream media and much anger across the crypto community. In a just as incendiary follow up, Dimon sat down for another interview, this time as ‘The Economic Club of Chicago’.
We wondered whether he would confirm recent reports that JPMorgan Chase would buy and sell Bitcoin futures for clients after the upcoming launch on the CME. Sadly, he wasn’t pressed on this question. Instead, he had some striking comments about the longevity of Trump’s Presidency, as Reuters reports.
Jamie Dimon, chief executive officer of JPMorgan Chase & Co, on Wednesday said he expects to see a new U. S. president in 2021 and advised the Democratic party to come up with a ‘pro-free enterprise’ agenda for jobs and economic growth instead. Asked at a luncheon hosted by The Economic Club of Chicago how many years Republican President Donald Trump will be in office, Dimon said, ‘If I had to bet, I’d bet three and half. But the Democrats have to come up with a reasonable candidate … or Trump will win again.’
Dimon, who in the past has described himself as ‘barely’ a Democrat, has been going to Washington more often since the 2016 elections to lobby lawmakers on issues including changes in corporate taxes, immigration policies and mortgage finance.

This post was published at Zero Hedge on Nov 23, 2017.

TURKEY: Reverse Regime Change, Replacing Secularism with Sultanism

Since 2002, the Republic of Turkey has been ruled by the Justice and Development Party (or AKP), founded Recep Tayyip Erdoan and other prominent figures hailing from Necmettin Erbakan’s Welfare Party (or Refah Partisi, better known under the acronym RP) that had made Islamist politics mainstream in 1990′s Turkey.
At first, Erdoan and his henchmen appeared to respect the rule of law and the political traditions established by Mustafa Kemal Atatrk (1881-1938) and his followers (colloquially known as Kemalists, adhering to the ideology of Kemalism). The economic boom of the early AKP years and the concomitant political clout have allowed AKP-led Turkey to go down a post-Kemalist path into distinctly Muslim waters where authoritarianism and Ottoman nostalgia have managed to seduce the bulk of the Turkish population.
In reality, the economic boom overseen by the AKP was nothing but a mirage, after all, largely financed by borrowed money and extreme privatization – ‘a flood of near zero-interest foreign capital.’ At present, the Turkish economy appears to be in the doldrums, with unemployment currently at 11.8%, the highest level reached since March 2010 according to the Turkish Statistical Institute (or TK in acronymized Turkish).
The well-respected Turkish economist Taner Berksoy, for example, opines that the Turkish economy will experience a major downturn this year, in spite of the government’s encouragement packages, citing internal political instability as well as geopolitical risks, including Syria’s not-so civil war next door, and a general slowing down of the global economy.

This post was published at 21st Century Wire on MARCH 5, 2017.

JUST WEEKS AFTER OBAMA’S EXECUTIVE ORDER ON CATASTROPHIC SPACE WEATHER EVENTS, A CORONAL MASS EJECTION IS SET TO HIT ON ELECTION DAY

This has already been the craziest election in the history of the country, with the most overt corruption and fraud the American people have likely ever seen.
Now, on top of everything else that’s scheduled to go down tomorrow, it is being projected that a powerful coronal mass ejection (CME) is set to hit Earth tomorrow, and not just hit earth but a direct hit is in our forecast.
According to Space Weather Live, ‘A coronal mass ejection (or CME) is a giant cloud of solar plasma drenched with magnetic field lines that are blown away from the Sun during strong, long-duration solar flares and filament eruptions.’
What this means is the very real potential for strong geomagnetic storms here on Earth. Potential storms from CMEs like this have been known to cause everything from lost satellite control to radio and television interference to power grid disruption and failure.


This post was published at The Daily Sheeple on NOVEMBER 7, 2016.

Flash crash arrest lays bare regulatory lapses at all levels — starting with CME Group

CME Group Inc. concluded within four days of the 2010 flash crash that algorithmic trading on futures exchanges didn't exacerbate losses in the market.
When Washington regulators did a five-month autopsy in 2010 of the plunge that briefly erased almost $1 trillion from U.S. stock prices, they didn't even consider whether it was caused by individuals manipulating the market with fake orders.
Their analysis was upended Tuesday with the arrest of Navinder Singh Sarao — a U.K.-based trader accused by U.S. authorities of abusive algorithmic trading dating back to 2009. Even that action was spurred not by regulators' own analysis but by that of a whistle-blower who studied the crash, according to Shayne Stevenson, a Seattle lawyer representing the person who reported the conduct.
Regulators were aware of Sarao's trading behavior as early as 2009, when officials at CME — which runs the exchange where Sarao allegedly placed his problematic trades — spotted him placing and then canceling large numbers of orders, and warned him against placing deceitful trades, according to an FBI affidavit. Sarao continued to manipulate markets through March 2014, the FBI said.
"How this continued for six years when the CME appeared to know about, it kind of boggles my mind," Dave Lauer, president of Kor Group, a lobbying and research firm, said by phone. "This is about as simple and easy as you can get, and it took them this long to do anything about it."

This post was published at bloomberg