image: Source & livedoor.jp
Curious Move of JP Morgan Chase – They are preparing for a worst case scenario they have plotted.
According to the article, JP Morgan has purchased a huge amount of physical silver. The latter half of the article says that they began restricting borrowers from using cash to make payments on credit cards and also prohibiting the storage of case in their safe deposit boxes. JP Morgan knows that US dollars will in time become paper scraps.
The last sentence says that “JP Morgan seems
to be preparing for a worst case scenario.” It is not so. I think that they are
preparing for a worst case scenario they have plotted.
Masatoshi
Takeshita
May 2,
2015
Excerpt from a Japanese article: Trend of Japan, World and Universe – April 29, 2015 –
Curious
Move of JP Morgan Chase
Source:
Something Is Seriously Wrong, Why Is JP Morgan Accumulating The Biggest
Stockpile Of Physical Silver In History?
Monday, April 27, 2015 10:08
Why in the world has JP Morgan
accumulated more than 55 million ounces of physical silver? Since early 2012, JP Morgan’s stockpile has grown from less
than 5 million ounces of physical silver to more than 55
million ounces of physical silver. Clearly, someone over
at JP Morgan is convinced that physical silver is a great investment. But
in recent times, the price of silver has actually fallen quite a bit. As
I write this, it is sitting at the ridiculously low price of $15.66 an ounce.
So up to this point, JP Morgan’s investment in silver has definitely not paid
off. But it will pay off in a
big way if we will soon be entering a time of great financial turmoil.
During a time of crisis,
investors tend to flood into physical gold and silver. And as I mentioned just recently, JPMorgan Chase chairman and CEO Jamie Dimon recently
stated that “there will be another crisis”in a letter to shareholders…
And Dimon is apparently putting his
money where his mouth is.
If Dimon believes that another great
crisis is coming, then it would make logical sense to stockpile huge amounts of
precious metals. And in particular, silver is a
tremendous bargain for a variety of reasons.
Over the past few years,
JP Morgan has been voraciously buying up physical silver. Nobody has ever seen anything quite like this ever before. In
fact, JP Morgan has added more than 8 million ounces of physical silver during
the past couple of weeks alone.
The following chart shows changes in
physical silver stockpile by JP Morgan.
Do they know something
that the rest of us do not?
Meanwhile, JP
Morgan Chase has made another very curious move as well. It
is being reported that the bank is “restricting the use of cash” in some markets, and
has even gone so far as to “prohibit the storage of cash in safe deposit
boxes”…
What is a surprise is how little
notice the rollout of Chase’s new policy has received. As of March, Chase began restricting the use of
cash in selected markets, including Greater Cleveland. The new
policy restricts borrowers from using cash to make
payments on credit cards, mortgages, equity lines, and auto loans.
Chase even goes as far as to prohibit the storage
of cash in its safe deposit boxes .
What in the world is that all about?
Why is JP Morgan suddenly
so negative about cash?
I think that there is a whole lot
more going on behind the scenes than we are being told.
JP Morgan Chase is the largest of
the six “too big to fail” banks in the United States. The total
amount of assets that JP Morgan Chase controls is roughly equal to the GDP of
the entire British economy. This is an
institution that is immensely powerful and that has very deep ties to the U.S.
government.
Could it be possible that JP Morgan
Chase is anticipating another great economic crisis?
We are definitely due for one.
Hello.
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Much appreciate your work
Marcos Lara .