I think they are letting everyone know they and all the other too-big-to-fail banks are going to be "merging" (buying out) all the medium sized banks after the medium sized banks merge with each other and smaller banks.
The smaller banks are the main competition to the big bank cartel. JP Morgan appears to be flagging that they will use the stress created by contraction of the money supply to "take out the competition". Anti trust anyone?
The fed stating they will sell down their balance sheet (contract the money supply) appears to be at odds with an expansionary interest rate settings of less than 1 percent. Does the fed understand their own monetary theory in supervising monetary policy or are they just helping out the "fed backed" banking cartel at the expense of banking industry competition?
Be smart. Minimize your banking system involvment as much as you can.
Keep cash and PM at home.
Very interesting video.
I think they are letting everyone know they and all the other too-big-to-fail banks are going to be "merging" (buying out) all the medium sized banks after the medium sized banks merge with each other and smaller banks.
Great analysis
The smaller banks are the main competition to the big bank cartel. JP Morgan appears to be flagging that they will use the stress created by contraction of the money supply to "take out the competition". Anti trust anyone?
The fed stating they will sell down their balance sheet (contract the money supply) appears to be at odds with an expansionary interest rate settings of less than 1 percent. Does the fed understand their own monetary theory in supervising monetary policy or are they just helping out the "fed backed" banking cartel at the expense of banking industry competition?