Archive for January 2024
China’s Stock Market Is in Free Fall 1/18/24
After a challenging couple of years for the Chinese economy, the country’s stock market appears to be in free fall, with officials urging institutional investors not to sell assets in an effort to keep share prices stable as foreigners withdraw. Chinese equities slumped on Monday as the central bank decided to hold its medium-term policy…
Citigroup Will Shed 20,000 Positions by 2026 Following a $1.8 Billion a Shortfall 1/17/24
2026 job cuts by Citigroup following a $1.8 billion lossOver the next two years, Citigroup anticipates cutting 20,000 positions, or roughly 10% of its staff, the bank, with its headquarters in New York, stated on Friday. The third-largest bank in the country made the announcement after a “very disappointing” fourth quarter, according to CEO Jane…
Jamie Dimon Hires Dodd-Frank Hatchet Man to Weigh Suing the Fed Over Proposed Capital Rules 1/16/24
y Pam Martens and Russ Martens: January 16, 2024 ~ Gibson Dunn Law Partner, Eugene Scalia Jamie Dimon is the Chairman and CEO of the largest federally-insured, taxpayer-backstopped bank in the United States, JPMorgan Chase. Through much of Dimon’s tenure, JPMorgan Chase has also been designated as the riskiest bank in the United States by its regulators.…
Bitcoin Vs Marx: Two Competing Geopolitical Domino-Theories
by Tyler Durden Authored by Robert Malka via BitcoinMagazine.com, Marxism and Bitcoin have one thing in common, the idea that a radical change in the structure of society will happen in a bottom up decentralized fashion. Which of them, if either, will succeed in that goal? Marx tells us the revolution will be decentralized. The…
Three Branches of U.S. Government Have Kept the Secrets of Jeffrey Epstein’s Money Man, Leslie Wexner, Locked Up Tight, Now the House of Cards Fall!
By Pam Martens and Russ Martens: January 12, 2024 ~ Leslie Wexner (left); Jack Kessler (right). Both men were involved in the New Albany Company with Jeffrey Epstein. Official photo from the New Albany Company Website. The U.S. Senate Finance Committee, part of the legislative branch of the U.S. government, is investigating why Wall Street billionaire Leon…
“It’s the Old DNA Basically Bashing the New DNA,Slow-Walking Of Spot Bitcoin ETF Approval,Trouble is Here
by Tyler Durden AMs the dust settles on the SEC’s begrudging approval of spot bitcoin ETFs – and trading begins – the shitshow behind the scenes is becoming clearer as GBTC wins… While Chair Gensler voted to approve the ETFs, he offered a personal statement worthy of the best cover-your-ass comment, warning that his decision…
New York State Has Turned Over a Vast Amount of Its Financial Affairs to 5-Count Felon JPMorgan Chase
By Pam Martens and Russ Martens New York State Comptroller, Thomas DiNapoli There’s only one thing more dangerous than the largest bank in the United States, JPMorgan Chase, being charged with (and admitting to) five criminal felony counts by the U.S. Department of Justice since 2014 and a host of other fraud charges by federal regulators. What…
Bitcoin & Big-Tech Burst Higher Amid Bloodbath In Boeing & Black Gold
by Tyler Durden A quiet macro day (though we did see NYFRB inflation expectations plunge!), but some ‘good’ news from Washington reduced the risk of govt shutdown in 11 days modestly. However, there was plenty of new narrative creation from FedSpeak. Logan and Bostic double-whammy’d with ‘not as dovish as the market thinks’ comments on…
JPMorgan and Jeffrey Epstein Explained: Twisted Banking Taps into Sex Fiend’s Network
By Pam Martens and Russ Martens: Jamie Dimon, Chairman and CEO of JPMorgan Chase According to the complaint filed by lawyers for Jeffrey Epstein’s victims against the biggest bank in America, JPMorgan Chase, Epstein was running a “sex-themed cult.” According to a deposition of a JPMorgan banker, the only money-generating business that Epstein had was tending to…
Satan Soldiers Will Stop at Nothing: Inside Wall Street’s Plan to Start Trading America’s Natural Resources
By making money off of the right to own both public and private land in the United States, Wall Street has discovered a new approach to combat climate change while simultaneously making a profit. A Natural Asset Company (NAC) would be established by the New York Stock Exchange (NYSE) and an organization known as the…