When news about JPMorgan’s trading loss first hit the news it was downplayed as being not significant and just a small bump in the road to financial freedom and success for all. CEO Jamie Dimon’s recent visit before a congressional committee, which basked in the glory by asking nice, thoughtful questions (how’s the weather, how are the wife and kids, etc.) about the financial status of the western civilization didn’t offer much in the way of truthfulness or transparency, but, hey, Dimon’s presidential cufflinks were looking pretty good! 
Bix Weir and other financial analysts all over the planet warned from the beginning that the initial $2 Billion estimate was too low and the losses could easily reach into the $10B – $20B range. I wonder how long it will take to get this latest news onto mainstream media? –Dennis
EVERYTHING I WATCH IS FIRING ON ALL CYLINDERS…
But the one thing that can destroy the entire paper and electronic financial system is the one that really matters.
And it continues to tilt towards OBLIVION!
JPMorgan Trading Loss May Reach $9 Billion
http://dealbook.nytimes.com/2012/06/28/jpmorgan-trading-loss-may-reach-9-billion/?hp
“Losses on JPMorgan Chase’s bungled trade could total as much as $9 billion, far exceeding earlier public estimates, according to people who have been briefed on the situation.”
“When Jamie Dimon, the bank’s chief executive, announced in May that the bank had lost $2 billion in a bet on credit derivatives, he estimated that losses could double within the next few quarters. But the red ink has been mounting in recent weeks, as the bank has been unwinding its positions, according to interviews with current and former traders and executives at the bank who asked not to be named because of investigations into the bank.”
Taking down JP Morgan is the key as they have over $70T in derivatives that WILL destroy the global financial system and with that the destruction of the Bad Guy’s power. With the Bad Guy’s “virtual wealth” gone their “virtual power” is gone as well!. JP Morgan also heads the Silver price suppression book as I discuss in this article:
JP Morgan: Operation Silver Slam
http://www.roadtoroota.com/public/592.cfm
The WORLD is about to get a great big KICK IN THE PANTS!
Here’s an article that may help everyone:
A FINAL CHECKLIST FOR EVERYONE
http://www.roadtoroota.com/public/422.cfm
In this week’s Friday Road Trip I will discuss Drake’s “Green Light”, Clif’s “Release Language” and The Road to Roota “Timeline”.
THIS IS AMAZING STUFF AND KNOW THIS: WE ARE THERE!
May the Road you choose be the Right Road.
Bix Weir
www.RoadtoRoota.com
*For Private Road Members here’s your “Private Road Map”!
SPECIAL REPORT: Confirmation from “The Insider”
http://www.roadtoroota.com/members/406.cfm
Related posts:
- Bix Weir: JPM ~ We Now Have Someone To Blame
- Bix Weir – June 21, 2012: “…and the Collapse Continues”
- Bix Weir – Road to Roota April 30, 2012: The “Bad Guy” Takedown Continues At Top Speed
- Bix Weir June 26, 2012: SILVER PRICE – It’s Time to Face Reality!
- Bix Weir: Silver Market Manipulation and “Too big to fail”
