j. p. morgan, according to j. p. morgan. this week's rally has been driven by institutional investors hedging against inflation with big coin. now that's important, institutional investors are following on the high net worth individuals who have already been buying bitcoin for j. p. morgan and other big banks, offered bitcoin to their high net worth individuals last year and the year before that they've been buying bitcoin cheaper. right. then the institutions come, they follow the exec of, of these institutions were already buying bitcoin a few years ago than the institutions come. then you have the masses, who watch cnn are sitting there watching c, n n. looking at the stock price go up because all the bite and bucks and all of the, you know, j pal, pumping up the stock price. and they think that's what they should be looking at. that's that distraction from the institutions the wealthy that you know, jumping into the life boat out there while you're sitting there dancing on the, you know, the dance floor of the titanic. t

j. p. morgan chase, he said on monday at a conference that crypto currencies will be regulated by governments. and that he personally things that big coin is worthless. here's the thing, my jamie diamond, you know that's crazy. i he, he's always talking about it. he hates crypt job and he likes crypto. he hates big point. now he likes bitcoin. is a timeframe just to go away and stay out of the conversation. why is anyone even talking to him about this? i think you're right, he's part of the old guard and he's being completely hypocritical here. he called it a fraud saying that it's completely worthless. while at the same time, j. p. morgan giving their wealth management clients access to crypto phone. so if your own bank is pushing what you've deemed fraudulent investment product, then that's not really fulfilling your like fiduciary duty at the feel of bank. so i think that the kind of like the pot calling the kettle black at the point. and on the other hand, it also shows how irrelevant he is be

j. p. morgan said some institutional investors are turning to bitcoin over gold and billionaire investor, paul, tutor, joe says crypto is winning the race against gold right now. what's your thought on that? i mean, it really is. i agree with him in the market, apparently also agrees. gold is as an investment that hedged against inflation would generally rise along with the rapid growth and consumer prices. but instead, goal actually last 8 percent over the past 12 months compared with big points, 437 percent one year again. so in this later know, by j. p. morgan institutions are not allocating more towards big point than gold, with investors like having o'leary saying that his crypto holy long. how did it as a hedge against inflation. and that topic is now more relevant than ever as enormous stimulus packages have kind of increased the global money supply. so again, unlike the dollar, bitcoin and other criptos cannot be valued by a government or any central bank distributing too much of that. and

j. p. morgan perhaps has a little bit of a conflict of interest there. even they what's known about their position as a bully and back. but yeah. why don't bowl i it's, it's been a heck of a year in the pressures now. that's for sure. and then everything we thought with dr. christ hires instead during price lower and i suspect that will change once we get into 2022. but man, yeah. why not only will be my answer to that. the answer to that is that there's no price discovery in gold. this not allowed to trade freely. it's monopolized by the central banks and big banks and 1000000000 banks, and they have for every ounce of goal to 50000 ounces of paper gold. they don't want the price to go higher, because it's in a free market. that's why the institutions want they want and inflation hedge that's sensitive to the market. they don't want to inflation hedge that only peter shift, thanks works. peter shift notwithstanding. i'll still hold my flag, know that that market in correction price is not going to last. i mean it's loud k minus last 45 years since 975 w

j. p. morgan says some institutional investors are turning to bitcoin over gold and billionaire investor, paul, tutor jones says crypto is winning the race against cold right now. what's your thought on that? i mean, it really is. i agree with him in the market, apparently also agrees. gold is as an investment, that hedged against inflation would generally rise along with the rapid growth and consumer prices. but instead of goal actually last 8 percent over the past 12 months, compared with big point, 437 percent one year game. so in this latest no, by j. p. morgan, institutional, or not allocating more towards big point than gold, with investors like kevin o'leary saying that his crypto holidays now outweigh the allocation of gold in his own portfolio. so it's really nice to see the institutional finally starting to appreciate that point as a store of value. bitcoin bowls, how long? how did it as a hedge against inflation? and that topic is now more relevant than ever as enormous stimulus package

j. p. morgan says their institutional clients for, for a big going to goal, not just their high net worth client, but actual institutions want bitcoin instead of gold as a hedge against inflation. your thoughts, i don't understand what i mean if that's what you're trying to accomplish. and i would just say j. p. morgan perhaps has a little bit of a conflict of interest there. you know, they what's known about their position as a boy and back. but yeah. why don't bowl i it's, it's been a heck of a year in the precious metals that's for sure and that everything that we thought with dr. price hires instead during price lower and i suspect that will change once we get into 2022. but man, yeah, why not own will be my answer to that? the answer to that is that there's no price discovery in gold that's not allowed to trade freely. it's monopolized by the central banks and big banks and 1000000000 banks, and they have for every ounce of gold to 50000 ounces of paper gold. they don't want the price to go h

j. p. morgan and jamie diamond, probably the poster child for big coin idiocy recently reported that their institutional investors are buying big coin rather than gold as a hedge against inflation. so neck, this is a growing talk and talking point is that, you know, people are now actually beginning to recognize that big coin and not only kind of competes with gold, but it does actually, it's actually vastly superior perrier to gold. and what's your thoughts? yes, now lots of them back here. first, it's another remarkable capitulation opinion. and g, p. morgan in these banks, they live off of the easy money system and you know that that's, that's how they get their wealth is through that whole system. so for them, they've gone through another dramatic in opinion after years and years and years of disparage and big, quite mocking bit points, promoting false narratives, this block chain, not bitcoin nonsense. now they're taking this point of view that it's a wow, it's competing goal. that's a, that'

j. p. morgan and from city bank both saying that they expect bitcoin to overtake gold. and so it's looking like that's probably gonna happen, right? that would apply a $10000.00 market cap or over $500000.00 for pick coin. what about a big coin e t f? does this matter to this trend toward hyper big quantization? well, 1st i'm not a big fan of the t f. i would prefer if it didn't happen. and the reason why is because basics, supply and demand, what we want is people buying be a coin, and that brings the supply down the demand up, and then the price will continue going up when they have an e t f. and they can start buying paper, bitcoin like the gold market, about $500.00 paper ounces to one physical ounce. it starts to mess with the gold price, which is may be part of what we're seeing today. and so i think it would be better without the ctf, however, the, the wall street financial ization wants to have it happen. but i think at this point, i don't know if it's going to be that big of a deal because we already have e t s. in other countries, so this to show clients that

j. p. morgan and from city bank both saying that they expect bitcoin to overtake gold. and so it's looking like that is probably gonna happen, right? that would apply a 10 trillion dollar market cap or over $500000.00 per pet coin. what about a big coin e t f? does this matter to this trend toward hyper big quantization? well, 1st i'm not a big fan of the t f. i would prefer if it didn't happen. and the reason why is because basically supply and demand, what we want is people buying be a coin and that brings the supply down the demand up, and then the price will continue going up when they have an e t f. and they can start buying paper, bitcoin like the gold market, about $500.00 paper ounces to one physical ounce. it starts to mess with the gold price, which is maybe part of what we're seeing today. and so i think it would be better without the ctf. however, the, the wall street financial ization wants to have it happen. but i think at this point, i don't know if it's going to be that big of a deal because we already have e t s and other countries. so this to show clie

j. p. morgan says that their institutional clients are dumping gold and buying bitcoin. oh my gosh, is this the end for gold bark? well, you know, i yeah. in 2008. i got hit really hard. i was, i was heavy in real estate in california, and that wasn't a good place to be. as i started to learn about this financial system, i did become a gold bug and i thought gold was a good solution. what i realize now as i was just a sound money advocate, it's a little bit disappointed to see what's going on with gold personally. i mean, i've basically switched over to begin as well. but you would think, i mean, if there was ever a time in history or gold was needed in gold was going to work. it would be right now. it be over this last year with, with uncertainty at all times volatility of, i mean, trillions of dollars been printed left and right. you would think golden respond and it hasn't. and so because of that, unfortunately, it's like if it doesn't work now all, i don't know if it ever will. and apparently the institutional clients are seeing the exact same thing. we've even seen

city of the system accelerates apple. facebook, google, berkshire hathaway, microsoft, oracle, j, p, morgan, bank of america, city, and charter are all the ones that bought back the most. but we'll fix your says even today as crazy as this sounds, the 5.5 trillion that the s and p 500 companies incinerated on buying back their own shares is a lot of money. they could have been invested in expansive projects in the u. s. and in labor, in the u. s. rather than in cheap labor overseas and in training or, god forbid the companies could have tried to somewhat less aggressively dodge u. s. income taxes and pay a little bit more given that the u. s. government deficit has been horrendous. for years and has become more horrendous with a corporate tax get of 2017 and has become a lot more horrendous, starting a march 2020 with a pandemic. but as he points out, they've been borrowing heavily and stead further destabilizing the system further enabling the fed to justify their money printing. and lo and behold, the cycle continues like dicey ideology to, to justify the money printing. let's be clear. t

j. p. morgan chase, of course you and i have covered him for years here, even before bitcoin, about the shenanigans going on at. if you can call it that shenanigans will say a politely, you know, at cheap you morgan. but he was dissing bitcoin in 2013. 201420. 15. 20. 16. 20. 17. 2018. 20. 19. 20. 20. and now in 2021, as you predicted, he capitulated and he's saying a big one is going to set x in the next 5 years. yep. yeah, yeah. jamie diamond was critical, a big claim. and starting when it was a $200.00 a coin, it's now around $45000.00 coin. it's adding as he points out 10 x from here. so he's looking for up 245-250-0008 coin. and i've been telling you for years i had this recurring dream about jamie diamond. he would be coming toward me on a deserted mansion in the hamptons, and for years he just got closer and closer. and then finally, this week he was in view, he was there on the floor weeping and sobbing, and begging forgiveness. and like a good big corner i forgive jamie. and now he's one

j. p. morgan revealing that some institutional investors are turning to bitcoin over gold and billionaire investor, paul, tutor jones, is that crypto is winning the race against gold right now? now what do you make of those who are looking to a crypto currency like bitcoin as an inflation heads that could eventually rival gold 1st, g, b morgan a few years back also said that bic, when did that, that would be cautious of meaning that gp morgan says and continue g p. morgan rather narrative follow and falling price. right. and by the way, just real quick on the good point. i think they put some survey about see if they could list ship, you know, the ship we ship, you know, joke of a jo, coin on dish, which i have a lot of fun with on, on twitter. again, it's going from me to me more from fat to fantasy, macau fiber business model. never lined up on this point about became members of gold group to courses for school. i don't understand why it's one the other or the other, and i don't quite understand

j. p. morgan, the bank that he runs, they keep $0.90 of every dollar they steal. they know that they have to pay $0.10 of every dollar they steal as a fine and that's the cost of doing business. and jamie's happy to do that. he became a billionaire with this model. he is the j. gould of 2041. well, he certainly is what one could call a robber baron, a modern day robber, baron, robber barons. 2 point oh and i 12, then cut to this next headline about proving essentially that we are in a robber baron to plano. a, you know, j. gould, when he died in 1895 died with the equivalent the, you know, adjusted for some inflation. it of about 2 and a half $1000000000.00. so that was i consider pretty wealthy back then hut. now that's a, you know, in a, not that much cuz you don't get on the forbes brawner last a last year and it needed at least 11000000000. i believe, right, so he wouldn't have been on there. nevertheless. this is from wolf street dot com, who does an excellent, you know, series he's always looking at a rent prices house prices bubble markets. and he also does

j. p. morgan, there are, are there concerns valid about a possible debt default even if it is pushed back into december? but it was always a level of hyperbole, but basically their jobs, both diamond and jane fraser that biden's spoke to them about is to put pressure on the republicans to not wait to the last minute so that nobody, including the market is going to be particularly nervous about a default, and whether or not they're going to be successful on that is remains to be seen. but what's interesting here is that the republicans want to avoid a filibuster by the democrats, and what they want is what they call a budget reconciliation. which basically means that the democrats are want that issued settled now, and the republicans want to wait. so as they go into next year, they have a good talking point for the mid term elections. so it's really kind of up here. we are united states, it's people and the markets and the economy sort of caught in the middle. and we'll see whether or not these ceo

j. p. morgan or goldman sachs, the head of these banks, no less would normally rec, haneke on whatever name that they're talking about with stock. fidel, commodity investment. but now they point really doesn't care. the market doesn't care about these comments. it's just rally no matter what. because the before you go ahead by the minute left, i want to ask you real quick about some of these kind of, you know, the call mean stocks, but that will, how does the social criptos like ship, right? which right now, if you're on tick tock, you're on instagram and you're, you're flipping through there, you're seen ship an awful lot right now. and there's a big push right now to get it pumped up. the thing that makes me nervous about those criptos always is that there are a few whales that control so much of that space. and they can literally buy and sell you into nothing in a very short amount of time. what are you expecting for that new thing ship is about to take off, or is it gonna end up being like tho