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  • JP Morgan in big trouble???

    from the GATA folks, interesting interview:

    http://www.youtube.com/watch?v=83UUk...e=channel_page

    is it really this bad and this close?

  • #2
    Re: JP Morgan in big trouble???

    I hope not

    Comment


    • #3
      Re: JP Morgan in big trouble???

      I could not watch the interview because my computer has a hard time with videos.

      Less than $100 million dollars per day of short selling is destroying all of the major companies in America. This is what the CFO of GE had to say last week. Why does the U.S. government allow this?

      Perhaps, if we had different leadership than Bernanke heading the Fed, things would be different. The Fed would buy against the short-sellers at 10AM E.S.T. on Monday morning --- the usual time when the short-sellers move in--- and put them out-of-business.

      Why did Obama keep Bernanke at the Fed? Bernanke is Bush's man.
      Everything Bernanke has done at the Fed seems to be a colossal failure. Why keep him?

      The obvious move for the Fed is to move against the short-sellers in New York. Why isn't this obvious to Bernanke? :confused:

      Comment


      • #4
        Re: JP Morgan in big trouble???

        JP Morgan is the heart of the derivative beast. The are widely recognized as the main market manipulators and their death, though unbelievably devastating, will ultimately provide the world an opportunity to rid themselves of the central banking control.

        Unfortunately this action will also leave all of us suseptible to tyrannical forces that will be positioned to control us all.

        Peace, Love & compassion are the only repair tolls needed to fix this mess. We can only be controlled if they convince us to kill & dominate each other instead of love & help each other.

        A great battle between good & evil is about to commence. Which side will you be on? Will you be a instrument of peace

        Comment


        • #5
          Re: JP Morgan in big trouble???

          To discuss this very subject, i.e, the structure or model of Western versus Eastern finance, the Fifth World Islamic Economic Forum is meeting currently in Jakarta, Indonesia.

          So, maybe you would rather use the Islamic model of finance where the lender takes a share of the debtor's business or property, instead of compound interest? Is that more "touchy-feely" to you?

          Hopefully, you will be a good slave because the Islamic paradigm is about slavery and obedience to Sharia Law, and part of Sharia Law deals with finance.

          Run afoul of Sharia Law, and you may be whipped or worse. Sometimes, they chop your arm or head off. "Peace and love." Enjoy!

          By the way, welcome to itulip.

          Comment


          • #6
            Re: JP Morgan in big trouble???

            GATA's Bill Murphy certainly thinks the house of Morgan is in serious trouble:

            (note part 1 is the bottom one)







            Comment


            • #7
              Re: JP Morgan in big trouble???

              Not Sure how you morphed my disgust for central banking market manipulators into a new monetary system controlled by sharia law, curious.

              I will stick with the model originally set in place by the founding fathers, if we can get back to it.

              Great site, thanks for the welcome.

              Peace

              Comment


              • #8
                Re: JP Morgan in big trouble???

                Originally posted by Starving Steve View Post
                To discuss this very subject, i.e, the structure or model of Western versus Eastern finance, the Fifth World Islamic Economic Forum is meeting currently in Jakarta, Indonesia.

                So, maybe you would rather use the Islamic model of finance where the lender takes a share of the debtor's business or property, instead of compound interest? Is that more "touchy-feely" to you?

                Hopefully, you will be a good slave because the Islamic paradigm is about slavery and obedience to Sharia Law, and part of Sharia Law deals with finance.

                Run afoul of Sharia Law, and you may be whipped or worse. Sometimes, they chop your arm or head off. "Peace and love." Enjoy!

                By the way, welcome to itulip.
                Ahh, more good BASHING on the Islamic religion.
                And SO THOUGHTFUL TOO.

                I'll try to remember who (or Why) I'm serving when I'm flying over Iraq or Afghanistan next time. (That would be this December BTW)

                Thanks, This Is WHY I CHOOSE to serve. So Idiots like you can choose to run their moth off in any manner they see fit.

                Your Friend.

                A. Muslim

                Comment


                • #9
                  Re: JP Morgan in big trouble???

                  The Fifth World Islamic Economic Forum (the WIEF) in Jakarta is important world news, and it is one of the top stories on the BBC World Television currently. The so-called barbarity and failure of Western banking is being talked about right now in Jakarta, and that is why I brought the WIEF up.

                  I don't want to single-out Islam for bashing nor imply that I did. Rather, I want to bash all religion.... To me, religion is a sad hang-over from the world's Dark Ages

                  I can't think of much good that has come out of religion, but I can think of much evil. The Middle East to-day stands as proof of the inherent evil of religion.

                  As for Sharia Law, I fear it, and I hate it.... And we need to discuss Sharia Law and what it would mean to our Western way of life. That is not Islam-bashing; that is a fair question.
                  Last edited by Starving Steve; 03-08-09, 06:53 PM.

                  Comment


                  • #10
                    Re: JP Morgan in big trouble???

                    Originally posted by Starving Steve View Post
                    To discuss this very subject, i.e, the structure or model of Western versus Eastern finance, the Fifth World Islamic Economic Forum is meeting currently in Jakarta, Indonesia.

                    So, maybe you would rather use the Islamic model of finance where the lender takes a share of the debtor's business or property, instead of compound interest? Is that more "touchy-feely" to you?

                    Hopefully, you will be a good slave because the Islamic paradigm is about slavery and obedience to Sharia Law, and part of Sharia Law deals with finance.

                    Run afoul of Sharia Law, and you may be whipped or worse. Sometimes, they chop your arm or head off. "Peace and love." Enjoy!

                    By the way, welcome to itulip.
                    Perhaps you are mocking those who know nothing about shariah law. Nonetheless, I feel the need to clarify that shariah is far more nuanced that what this post makes it out to be. Can you tell which offenses are considered punishable by mutilation and in which schools of law and under what particular circumstances? No? I thought not?

                    Punishment by mutilation is extremely rare in Muslims countries and has actually been banned many times in accordance with Shatiah law. The punitive legal systems of both Saudi Arabia and the Taliban are based in large part upon the rejection of traditional Shariah law.
                    Cowards die many times before their deaths; the valiant never taste of death but once.

                    Comment


                    • #11
                      Re: JP Morgan in big trouble???

                      Originally posted by Starving Steve View Post
                      The Fifth World Islamic Economic Forum (the WIEF) in Jakarta is important world news, and it is one of the top stories on the BBC World Television currently. The so-called barbarity and failure of Western banking is being talked about right now in Jakarta, and that is why I brought the WIEF up.

                      I don't want to single-out Islam for bashing nor imply that I did. Rather, I want to bash all religion.... To me, religion is a sad hang-over from the world's Dark Ages

                      I can't think of much good that has come out of religion, but I can think of much evil. The Middle East to-day stands as proof of the inherent evil of religion.

                      As for Sharia Law, I fear it, and I hate it.... And we need to discuss Sharia Law and what it would mean to our Western way of life. That is not Islam-bashing; that is a fair question.

                      Dude, the real world is more complex than political rhetoric, get out there and see it and you'll see, I'm not kidding. It amazes me that people think they can know so much about places they have never been and people they have never met (and with such certainty, I might add).

                      I think MUCH MORE highly of you than to judge you by the crap you put up today. SO why don't you put up stuff that is actually thought provoking.

                      (I read your posts, opinionated your are, stupid not, write with a purpose, or for a purpose, maybe you think you are with this, I personally think not)

                      MY 2C anyway.

                      Peace,

                      JT

                      Comment


                      • #12
                        Re: JP Morgan in big trouble???

                        Originally posted by Basil View Post
                        Perhaps you are mocking those who know nothing about shariah law. Nonetheless, I feel the need to clarify that shariah is far more nuanced that what this post makes it out to be. Can you tell which offenses are considered punishable by mutilation and in which schools of law and under what particular circumstances? No? I thought not?

                        Punishment by mutilation is extremely rare in Muslims countries and has actually been banned many times in accordance with Shatiah law. The punitive legal systems of both Saudi Arabia and the Taliban are based in large part upon the rejection of traditional Shariah law.
                        Thank you!

                        Wahabism is so far out there, I consider it islam only in the same way that you would call David Koresh a Christian (very, VERY loosely!)

                        Comment


                        • #13
                          Re: JP Morgan in big trouble???

                          Originally posted by Starving Steve View Post
                          The Fifth World Islamic Economic Forum (the WIEF) in Jakarta is important world news, and it is one of the top stories on the BBC World Television currently. The so-called barbarity and failure of Western banking is being talked about right now in Jakarta, and that is why I brought the WIEF up.

                          I don't want to single-out Islam for bashing nor imply that I did. Rather, I want to bash all religion.... To me, religion is a sad hang-over from the world's Dark Ages

                          I can't think of much good that has come out of religion, but I can think of much evil. The Middle East to-day stands as proof of the inherent evil of religion.

                          As for Sharia Law, I fear it, and I hate it.... And we need to discuss Sharia Law and what it would mean to our Western way of life. That is not Islam-bashing; that is a fair question.
                          Starving Steve: Just by coincidence I happen to be sitting here in the Middle East, jet-lagged and reading iTulip at 4:00 am local time. There is no doubt that this region and its dominant religion, Islam, is struggling mightily with the conflict between modernity and traditional interpretations. So much so that at times some defenders of this faith appear brittle or lacking in confidence, such is the fury of the reaction to the faintest of apparent criticisms or infringements. I will freely admit that I have on occasion, on this forum, pointed out some of the inevitable absurdities that have resulted from this conflict.

                          Nevertheless, I cannot help but note that you profess to "fear" and "hate" what Sharia law may "mean to our Westerm way of life" immediately after indicating you wish to "bash all religions".

                          Pardon me but societal values to not spring forth spontaneously from a vacuum. Unless one defines "our Western way of life" as shop, shop, shop for more, more, more [surely that is not what we are defending, is it?] any objective assessment of the dominant values of European and North American society will trace an irrefutable association with the teachings of Christianity. That you, as a teacher, do not seem to understand this is disconcerting to say the least. But not to worry...because you have lots of company.

                          "Our Western way of life" has become so fiercely secular that most have forgotten that the separation of church and state is an element of Christianity that is a complete anathema to Islam.
                          Matthew 22:25 And he said unto them, Render therefore unto Caesar the things which be Caesar's, and unto God the things which be God's.

                          So much for the allegation that "nothing good has come out of religion"...unless, of course, you believe that separating church and state is against the will of God [having witnessed both systems up close and personal, frankly I think the jury is still out on this isssue].

                          There is nothing more simultaneously amusing and saddening than a secular Western journalist [and Canada suffers no shortage of these, especially within the CBC], who has absolutely no clue about the profound influence of Christianity on his own society, trying to explain to a western audience any aspect of an Islamic society, where everyday life is governed by the religion. The very concept is so alien to such observers, and they are so incapable of putting it in context, that the task becomes immediately hopeless...essentially the faithless trying to explain a deeply held faith.

                          Faith, unfortunately, is an extraordinarily emotional topic. Some will regard this post with disgust, others will object vehemently, and some may even consider it blasphemous. But unless we are prepared to acknowledge the role that faith has played in creating the varied societal values we live by today, there will be no understanding between peoples.

                          [Although my own faith is monotheastic, I am neither Christian nor Muslim.]
                          Last edited by GRG55; 03-08-09, 10:32 PM.

                          Comment


                          • #14
                            Re: JP Morgan in big trouble???

                            Originally posted by GRG55 View Post
                            Starving Steve: Just by coincidence I happen to by sitting here in the Middle East, jet-lagged and reading iTulip at 4:00 am. There is no doubt that this region and its dominant religion, Islam, is struggling mightily with the conflict between modernity and traditional interpretations. So much so that at times some defenders of this faith appear brittle or lacking in confidence, such is the fury of the reaction to the faintest of apparent criticisms or infringements. I will freely admit that I have on occasion, on this forum, pointed out some of the inevitable absurdities that have resulted from this conflict.

                            Nevertheless, I cannot help but note that you profess to "fear" and "hate" what Sharia law may "mean to our Westerm way of life" immediately after indicating you wish to "bash all religions".

                            Pardon me but societal values to not spring forth spontaneously from a vacuum. Unless one defines "our Western way of life" as shop, shop, shop for more, more, more [surely that is not what we are defending, is it?] any objective assessment of the dominant values of European and North American society will trace an irrefutable association with the teachings of Christianity. That you, as a teacher, do not seem to understand this is disconcerting to say the least. But not to worry...because you have lots of company.

                            "Our Western way of life" has become so fiercely secular that most have forgotten that the separation of church and state is an element of Christianity that is a complete anathema to Islam.
                            Matthew 22:25 And he said unto them, Render therefore unto Caesar the things which be Caesar's, and unto God the things which be God's.

                            So much for the allegation that "nothing good has come out of religion"...unless, of course, you believe that separating church and state is against the will of God.

                            There is nothing more simultaneously amusing and saddening than a secular Western journalist [and Canada suffers no shortage of these, especially within the CBC], who has absolutely no clue about the profound influence of Christianity on his own society, trying to explain to a western audience any aspect of an Islamic society, where everyday life is governed by the religion. The very concept is so alien to such observers, and they are so incapable of putting it in context, that the task becomes immediately hopeless.

                            Faith, unfortunately, is an extraordinarily emotional topic. Some will regard this post with disgust, others will object vehemently, and some may even consider it blasphemous. But unless we are prepared to acknowledge the role that faith has played in creating the varied societal values we live by today, there will be no understanding between peoples.

                            [Although my own faith is monotheastic, I am neither Christian nor Muslim.]
                            great post. the usa uniquely mixes the virtues of many religions... but, yes, Christianity is dominant.

                            the way i see it, humans are apes beneath. without religion we'd express less of our higher selves. religions are great. churches... are another matter.

                            Comment


                            • #15
                              Re: JP Morgan in big trouble???

                              Originally posted by Basil View Post
                              Nonetheless, I feel the need to clarify that shariah is far more nuanced that what this post makes it out to be. Punishment by mutilation is extremely rare in Muslims countries and has actually been banned many times in accordance with Shariah law. The punitive legal systems of both Saudi Arabia and the Taliban are based in large part upon the rejection of traditional Shariah law.
                              Right you are Basil. Here's a nice example of "nuance" for you. Occurs in a stadium, with thousands of people coming to witness the spectacle. I appreciate that you've taken some time out of your life to become scholarly on certain aspects of this topic, but your "sophistication" is leading you to wander off into a zone which I personally would give a very wide berth to. Put your nuances aside mate. It's a lot more widespread than you wish to portray. The image below was from 1998. You really think this practice has abated in 2009? Hang it up. I have little use for the "nuance" you extol. What do you suppose is drawing the BIG CROWD here, eh?








                              1998 Taliban amputation of right hand at stadium while thousands watch the spectacle

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