Monday
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JP Morgan is preparing itself for “a non-benign environment” and “bad outcomes” – Jamie Dimon
Jamie Dimon is the CEO of JP Morgan Chase & Co, the largest commercial bank in the U.S. and the principal intermediary between the Fed and the commercial banking sector.
Dimon has access to good data.
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Fear is now justified.
Fear is now sensible.
Fear about rapidly rising food and energy prices.
Fear about shortages.
Fear about the complete non-availability of essentials.
Fear about being locked out of your bank account.
Fear should be a motivating factor, not a paralyzing factor.
As much as possible, pay your bills/debts a.s.a.p. and keep your remaining cash out of the banks and in your own hot little hands.
Exchange surplus paper cash for Gold, silver or storable foods now.
Inaction could see you lose everything.
The era of making money has passed, be concerned about preserving what you have – including, for as long as possible, your job.
We’re in the home run. Anything can happen at any time.
We may have months, we may have weeks, we may have days.
We know where we’re going, we cannot know when.
Assume that it is tomorrow.
Act today.