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BA Deere
Honored Advisor

Jim Rickards on JP Morgan

http://www.youtube.com/watch?v=SnSDjZVA4yU   At about 7 min Rickards explains how JPM lost the $2 Billion, they had between $70 and $100 Billion in on the hedge/bet.  Rickards predicts that no one will leave the Euro, Germany controlling the show. At 24 min. the "farmland bubble" is touched on, they weren`t exactly too worried that farmland will go down anytime soon.  In Australia banks are hiring the Hells Angels outlaws to collect debts.  Stay current Gough Smiley Happy 

2 Replies

Re: Jim Rickards on JP Morgan

Capital account is a good show.
BA Deere
Honored Advisor

Re: Jim Rickards on JP Morgan

Yes, it`s a crying shame that more mainstream shows don`t flesh out these issues.  david Gregory interviewed Jamie Dimon and was so intimidated/impressed with him that he didn`t rake him over the coals as he needed. http://video.msnbc.msn.com/nightly-news/47394065#47394065