of j.p. morgan chase served on the new york fed's board of directors at the same time that is bankruptcy of almost four hundred billion dollars in financial assistance from the thread william dudley now the new york fed president granted a way for to keep his investments in a i.g.n. jet and general electric at the same time that they've given a bailout funds and the reason that the fed gave for not making this guy sell its holdings is because they did not want to create the appearance of a conflict if and i mean so it's ok to have a conflict of interest you just don't want to create an appearance that the fed outsourced all almost all of its operations for these emergency lending programs to private contractors j.p. morgan chase morgan stanley wells fargo the usual suspects these guys all got trillions of dollars in federal loans at near zero interest rates and two thirds of these contracts were no bid contracts morgan stanley got a one hundred billion dollars to help manage the fed bailout of a.i.g

j.p. morgan and then the fed the investigation also revealed that the fed outsourced most of its emergency lending programs to private contractors many of it which also were recipients of extremely low interest and then secret loans jamie gonna drop on his head as a kid or what i mean here's a guy who's given billions of dollars total exemption from accountability and then he loses that became a few more billion dollars he makes a few bucks ok that's true but compared to like a real player out there somebody like an oligarch and one of these other countries he's a pusher. the guy must be like to live you know what you're buying his presentation this is a member it's theater max and the theater he's claiming to only make a few billion a year and he's just a poor schmuck who doesn't know what he's doing he's trying his hardest but in fact these guys own everything they've taken control of everything he could have he could be worth five trillion who knows because it's a black hole of not accountabil

by silver by silver crash j.p. morgan j.p. morgan is the single most powerful element of the u.s. federal reserve system it is the new york fed and jim rogers has pointed this out several times indirectly over the last few weeks he is asked over and over are you shorting french banks are you shorting german banks are you shorting banks. he says no there is one bank alone one major bank i am shorting while pilot buying silver by the way i'm shorting one bank and the reason he's shorting out bank is it alone of all of the major banks in the world is still at its all time high that tells you where the power is who still standing well j.p. morgan they just reported their quarterly mon burgers they came in with their earnings i think they were add or a little above expectations were way above expectation because all of their liabilities sit on the balance sheet of the federal reserve bank in washington j.p. morgan doesn't any of its own liabilities it runs up liabilities and then it gives them to the people of america the citizens t

j.p. morgan. it's "nightly business report" for thursday, july 14. this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: this program is made possible by contributions to your pbs station from viewers like you. captioning sponsored by wpbt >> tom: good evening and thanks for joining us. almost $7 billion in sales equals another blockbuster quarter for google, a blowout beginning to earnings for technology companies. susie, internet search and search advertising continue driving the big profits at the web giant. >> susie: tom, google's earnings surged almost 40% and google stock soared as well, up over $60 or 12% after the closing bell. google earned $8.74 a share in the second quarter, about $1 more than analyst estimates. google continued its hiring blitz, adding 2,400 employees during the quarter. paid clicks, or the number of times internet users clicked on the company's ads, rose 18%, in line with estimates. >> tom: morningstar's ri

was behind that but before crash j.p. morgan was questioned p. morgan i was telling people i was begging people to buy a silver at prices below fifteen an ounce i gave silver a target of twenty eight in two thousand and nine in mid two thousand and nine i raised my target to fifty to eighty an ounce but were i'm different i don't know the difference the word my belief is this you want to buys deliver when it's unclear dips and you want to sell some as it moves higher to eventually take some or that worthless buy back in and i have never advocated selling all your silver i in fact hope people have more silver and more of that worthless to buy more silver so any time i've ever sold it's been i need to be clear five to ten percent of what i held hoping to buy more and dips and it's fun to be as a people that actually follow me they've known this and yet right and at least this attack it really came out of the blue is a weird petty personal like they're trying to start on i don't know but don thanks for thanks for being with us tonight well and we've

they get away with all sorts of stuff because people worship them so when if j.p. morgan can start creating some lindsay lohan type bankers who people will just forgive all how about lloyd blankfein the male unicorn with is probing antler elf eason's well you know the i.m.f. never has just one prong to tax the unicorn they go multi-pronged i.m.f. urges us to raise is growing limit or risk defaulting on debt but warns that u.s. debt burden is unsustainable in long term so i guess i think you know the u.s. needs to raise this debt ceiling or else it technically defaults and the i.m.f. is saying that you have to raise the debt ceiling but your debt is unsustainable. because the i.m.f. international monetary fund world bank the united nations they're running the show no barack obama is just basically dancing to the i.m.f. tuning well as we see all governments have to remember puppet radio in in greece he was elected on a very specific platform of tossing these guys out within days he was you know swapping the credit default swaps that were worth tens of billions of dollars he