JP Morgan loss just the beginning of much bigger things to come this year, says Andrew Gause on this weeks Real World of Money
We start the show and dig in, dollar by dollar, the JP Morgan story devouring the news cycles. The big question is what is this really about?
-How the losses happened and why this is just the beginning of big losses throughout the banking industry
-You will understand the ramifications of ending Glass-Stegal, Dod-Frank and The Volker rule
-JP Morgan carries about 40 Trillion in derivatives positions
-Remember our shows in the Spring of 2008 when Andrew predicted a fall tsunami? It is déjà vu all over again says Andrew
-When you deposit money in your bank they give you a counterfeit receipt in return
-Huge money laundering/foreclosure suit coming and we have the lead attorney scheduled for the show
-The “Gold is backed by nothing” crown will be coming out of the woodwork
-Andy gives an update on the EU, Euro “crisis” arguing all is in place for a more secure political union and Euro Bond by the same people who bring you U.S. Treasury bonds
-Are U.S. banks exposed in Europe? The Fed lent 16 Trillion new dollars out half of which went to European banks
-China’s financial situation update from Mr. Gause
-Will “The Boys” ever attempt to confiscate numismatic coins?
-The British Pound was born in 1694. Still strong after all these years.
-More states are working on gold and silver to be used in commerce and banking
-California is 16 Billion dollars short. Here comes the Fed
-Thinking of buying silver or a home this summer ?
Patrick Timpones One Radio Network archive: http://www.oneradionetwork.com/the-real-world-of-money/
http://www.andygause.com/
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