working with j.p. morgan then they they would want to see j.p. rgan stock go the way enron down to zero and of course the comparison to enter. it is a good one because enron of course said eighty billion parked off their balance sheet when it was revealed the stock went to zero j.p. morgan's got by some estimates over a trillion dollars in liabilities off the balance sheet once that's put back on the balance sheet then the stock is insolvent the stock goes to zero which is something people should be rooting for if they want to maintain sovereignty in america if they want to be debt slaves of course then just give j.p. morgan free reign to write laws and commit securities fraud all day long and it can be a debt slave too so going forward actually next i think this is more about the cover the g.p. morgan has executed in the last year and i think the american mean street investor let's say if the government the u.s. government ever wants to restore the permian street investors to go back and invest in equities and invest in wall street companies they

j.p. morgan's balance and do you see anybody now starting to short j.p. rgan stock ahead of the revelations of these scandals and the proof that the company is basically insolvent yes so the actual damages i just i just checked on this between three mana line insurers suing j.p. morgan is one a little over one point seven billion so in this. their pride claims which equals punitive damages in trust me they want to go to trial city not want to settle so the community could continue billion dollar hit to g.p. morgan spam which you know absolutely nuts on top of the liability associated with their on head silver naked short position that's probably no forty or fifty billion you're talking one point six one point seven billion hair plus period damages so what about the heads trying to relate to the hedge funds so i have got to mean it's it's primarily. equity shops. who are students they send out. documentation in court cases to reporters and they're you know they have big short positions on anyone who's going to get hit with these mortgage backed securities f

j.p. morganaid you have to have a lawyer because you work for us and there was a severance accent or etc he went into those depositions and he changed his testimony he said what he told me in the documentary filmmaker that he made. that all the illegal activity he was whistle blowing on wasn't true what happened i know he was not. i mean we double checked his information we had multiple sources we saw e-mails we know he's lying so we're trying to figure out right now is is this a case that the bears outside counsel al said lawyers you know paid him off down to change her testimony did time around oh in his traders pamela so what the lawyers for these mana lines that that law firm is. based here in new york the lead attorney's name is eric haas what he was able to do is get a texas court order map and then lives to subpoena his e-mails and we saw in there that he like. that what he originally said was true we saw a e-mails about covering up before he was going to go in to testify and so it's where

government according to the rating agencies that give j.p. morgan its its rating but nobody works as hard at fraud. jamie diamond but as you point out all they do over there j.p. morgan is they take the risks on their. books and they stick it on the federal government's books that work beautifully for years as long as america had to play repeating but now that america has a double a plus rating and interest rates are going to by definition creep higher that is going to be huge wall of arbitrage agency arbitrage cock the nightmare bamboozlement that will no longer serve j.p. morgan in their quest to hide losses and that starts going down like a pile of bricks short j.p. morgan is one of pax sell it short make it in fact a better naked short at this at this time would have been bankrupt america if you follow this next head imax bank of america getting smashed as a i.g. johnson to the lawsuit fray in a big way so sure it american international group is expected to sue bank of america what might be the largest mortgage security related action filed by a

is planning to file similar lawsuits against goldman sachs j.p. morgan and deutsche bank and of course after that will come the rating agencies because j.p. morgan goldman sachs and deutsche bank were selling products that were aaa rated by s. and p. but with all these things falling apart everybody losing their aaa america falling apart into a pocket of fraud and nothingness i want. bring up one final have to think of another option another reality that we could be facing today what if barack obama had been a leader the bull case for gold and gold is rising because the world monetary system is being debased and there's no sign of stopping well what if barack obama instead of engaging in this elaborate stupid awful theater with john boehner what if he had just come out and said you know what forget all these negotiations we're just going to go back to a gold standard and we're going to value it at twenty five thousand dollars an ounce by and just left and that would have you got all of their debt and they would be on the road to starting over again that'

tony and also include banks such as j.p. morgan so it's as if you go chavez watches our show realize that the crash j.p. morgan buy silver campaign could be applied to gold is demanding physical delivery of his gold because you know that j.p. morgan and these other banks don't actually have the physical gold they have to go into the market to buy that gold but they're bankrupt to begin with that means they have to incur more debt which means that they're going he's trying to collapse j.p. morgan just like we're trying to collapse j.p. morgan so you go chavez welcome to the gold liberation army yeah but the point is whether or not he'll ever get this gold back because he's put in a request but is this going to trigger other people demanding their gold back other nations demanding their sovereign gold back there are thousands of tons held by germany in at the new york fed all countries around the world story in the u.s. will the u.s. give that back that's the big question what do you think. well i think no i think america is correct

just like we're trying to collapse j.p. morgan so to go chavez welcome to the gold liberation army yeah but the point is whether or not he'll ever get this gold back because he's put in a request but is this going to trigger other people demanding their gold back other nations commanding their sovereign gold that there are thousands of tons held by germany in at the new york fed all countries around the world story in the u.s. will the u.s. give that back that's the big question what do you think. well i think no i think the record is correct i would think i would agree with both you engine records that these countries that he's made a big story out of this he believes that america should commandeer the world's gold which would give them something like fourteen thousand tons in toto and make them on the glide path toward having a post keynesian post currency economy based on having the most gold but you're right this is a huge set up for a global conflict so you're going to have a says this max quote we've held ninety nine tons of

j.p. morgan chase inks a deal with uncle sam. it's paying $88 million to avoid charges of supporting terrorism and violating multiple sanction programs. treasury says the bank violated sanctions when it processed nearly $180 million in wire transfers to cuba, as well as other transactions to iran, sudan and liberia. j.p. morgan chase says the violations were unintentional and rare. >> tom: meanwhile, charles schwab is suing 11 major banks, including j.p. morgan, bank of america and citi, claiming they conspired to manipulate a borrowing benchmark used to set interest rates. in two separate lawsuits, schwab says the banks deprived investors of hundreds of millions, if not billions, of dollars, by keeping libor rates low. j.p. morgan and b-of-a declined to comment. citi says the suit is without merit. >> susie: big yellow school busses and backpacks brimming with supplies-- the nation's kids are heading back to school. for the next several thursdays, our "kids and cash" series mines the back-to sch

population is on food stamps and food stamps of course supplied by j.p. morgan who are feeding both sides of this nightmare their tunnel like the food company that sells junk food and diarrhea medicine they've got both ends covered so the j.p. morgan they create the inflation with the food stamps and then they create this of fees selling collateralized bonds tied to the inflation adjusted food stamps nightmare and there was nothing but a parasite i agree with vladimir putin who says that the entire us banking system is a parasite on the world oh i grew so let's look on to another case of hypocrisy that happens on a global scale high frequency firms triple trades in route the stock markets fast this electronic firms boosted trading three fold during the route that erased two point two trillion dollars from u.s. equity values stepping up strategy. that profit from volatility so over this past week while all these markets have been in turmoil seventy five percent of american equity volume in august was due to high frequency trading i predicted this i said that of c