Economic Collapse? Fed Issues an Ominous Warning to JPMorgan Chase and Leaders Flock to Secret Meetings
Do you hear that? It’s the clock on the time bomb, and it appears to be ticking relentlessly toward our economic collapse.
It seems like every day, there is a new threat to the financial well-being of the disappearing middle class in America. Of course, less affected are the members of Congress and their buddies on Wall Street. You know, the ones that put the politicians in office to get favorable decisions made on their behalf in Washington.
But if you happen to have been ignoring the folks Obama calls “peddlers of fiction” who have been warning us all of an impending economic crisis along the lines of the last financial collapse, you might want to pay attention now, because a disturbing series of events is in motion.
First of all, the Fed just issued a terrifying warning to the biggest bank in the country.
Finally, the Fed has admitted that we just can’t take another hit without incurring an epic disaster.
And by “admitted” I mean they’ve issued a chilling warning to JP Morgan Chase, the biggest bank in America.
The letter is addressed to Teflon-coated Jamie Dimon, the leader of the bank (who seems to have made a deal with the Devil to become completely immune to prosecution, no matter what he does.)
It is 19 pages and heavily redacted, but here are some excerpts that should send a chill down your spine. The emphasis is mine.
The Agencies also identified a deficiency in the 2015 Plan regarding the criteria for a rational and less-complex legal entity structure. In order to substantially mitigate the risk that JPMC ‘s material financial distress and failure would have systemic effects, JPMC should ensure that its legal entity structure promotes resolvability under the preferred resolution strategy across a range of failure scenarios.
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