I work for JP Morgan in Bank Street down Canary Wharf - London . I remember one morning grabbing some tea before heading into the office and saw Jamie Dimon lineup in front of me! He forgot to buy a snack from the fridge opposite and kindly requested me if I can hold his position in line, to which I said yes of course. Then he came back and thanked me and told me where I worked. I told him that I work for him 😂😂! He started laughing, and we just started talking about family before anything business related! For me it was unbelievable for a man to simply discuss about how I am doing as well as my family ;and of course I reciprocated and he told me about having a male grandchild in the family for the first time and just how ecstatic he was to have one after so many daughters and granddaughters - bless 😍! Jamie is such down-to-earth individual. He even told me to come down to the executive room for lunch later on with senior partners who I personally never met! I obviously obliged and got to have lunch with very high-level people within the bank! Everything was surreal for me!!! He Even introduced me to the senior management and told them “hey guys this is Shah who I met downstairs at the coffee shop this morning” 😂😭. Humble AF!
Bank failures are likely to continue increasing due to rising interest rates, as it causes their commercial paper and treasuries to become devalued. To prevent a severe economic downturn, it is necessary to implement a freeze on interest rates. Simultaneously, the White House should support the industry in boosting gas and oil production to lower fuel prices. The anti-oil stance only contributes to higher energy costs, leading to inflation throughout the economy. By reducing interest rates, tightening the money supply, cutting government expenditures, and increasing the availability of affordable fuel, inflation will decrease, and the economy will thrive. Unfortunately, various conflicting agendas make it unlikely for all these measures to be implemented, resulting in a recession and persistent inflation.
In light of the ongoing global economic crisis, it is crucial for everyone to prioritize investing in diverse sources of income that are not reliant on the government. This includes exploring opportunities in stocks, gold, silver, and digital currencies. Despite the challenging economic situation, it remains a favorable time to consider these investments.
The pathway to substantial returns doesn't solely rely on stocks with significant movements. Instead, it revolves around effectively managing risk relative to reward. By appropriately sizing your positions and capitalizing on your advantage repeatedly, you can progressively work towards achieving your financial goals. This principle applies across various investment approaches, whether it be long-term investing or day trading.
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Melissa Terri Swayne” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
I squirrelled away cash for a rainy day, but with inflation pouring down, it feels more like a leaky bucket. Saving for retirement seems impossible if my money keeps losing value faster than I can earn it.
I think the fact that Jamie Dimon has a strong relationship with regulators and often assist regulators in their actions, provides banking services to nations and multinationals at a scale that can’t be mirrord by other banks, and a strong balance sheet makes JP Morgan less likely to be broken up. (So long as they continue to be an asset the US government in their goals and not causing systemic problems)
@@LokiBeckonswow It's also the bank for millions of americans, who trust JP morgan more than any other bank because how well it's run. When you serve that many people, some are bound to be bad guys, but it's still a good bank.
If Epstein ordered a Big Mac, that doesn't mean McDonald's was "his" restaurant, it's ridiculous to judge a massive company because one customer was a bad guy. t@@LokiBeckonswow
This is the connundrum. Congressmen don't do anything unless they are paid for it. Elizabeth warren has enough haters and lovers that JP morgan can't donate to her rivals enough to get rid of her. JPMorgan made 51 billion in profit because of the fckups of the federal reserve and congress.... so how much money is he willing do "donate to esteemed members of congress" to hold on to this status? Its in the billions btw.
US corporations sound gigantic and overwhelmingly monopolistic, but that's in major part because the economy is so large to begin with, they often control much smaller segment of the market compared to other countries' corporations. JP Morgan is huge, sure, but their assets under management is equivalent to 13% of US GDP. That sounds big, but BNP Paribas controls assets equivalent to 87% of French GDP, Barclays controls assers equivalent to 42% of British GDP, Banco Santander controls assets equivalent to 110% of Spanish GDP, Mitsubish Financial Group controls assets equivalent to 75% of Japanese GDP. (GDP is a flow like income whereas assets are not which makes the comparison harder, but let's not get into that).
@@jamesbyrne9312JP Morgan. Even though they "only" manage 13% of US GDP, that's still more assets than any bank outside of China and you can't trust Chinese economic or financial data.
Banks are buying gold and other Precious Metals because of they have remained stable or appreciated in this shambolic times with these banks collapsing, META down 40k, ALLP down 35k, Draft Kings down 6k, NIO down 15K, ABML down 8k, and my wife doesn’t know. I'm just hanging on to Jim Cramer's words about opportunities in volatile times so perhaps, I either wait for a recovery or pick profitable investments to substitute for my loss.
The Collapse of Some Banks has torn into global markets, with investors ripping up their forecasts for further rises in interest rates and dumping bank stocks around the world. I'm at a crossroads deciding if to liquidate my dipping 200k stock portfolio, what’s the best way to take advantage of this bear market?
There are quite frankly a number of ways to make high yields amidst volatile times, but such trades are best done under the supervision of a portfolio-coach
Yes, my asset manager advised I spread further into mutual funds and crypto Etf and boy am I glad I did. The whole idea is: Don’t get too greedy and also to exit at the right time, so generally I do find having an adviser very helpful.
could you recommend some good advisers? don’t get me wrong, I already have an asset manager for my $5m portfolio, but he seems not to know much about crypto.
Vivian Jean Wilhelm a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
You cant really talk about Jamie Dimon without mentioning Sandy Weill who started the whole "everything" bank at Citigroup when he merged Citibank with Travellers Group. Jamie was his protégé and was lined up as his successor. The logistical and regulatory nightmare of the merger is why a lawyer Chuck Prince became CEO instead of Dimon. The rest is history.
As a financial advisor for Primerica, you are correct Citigroup bought Primerica from art Williams for just over a billion dollars then spun it off in an ipo in 2010
Define too big, story time, let's talk about the time that JP Morgan, the person not the bank that's named after him, bailed out the federal government.
@@BOZ_11 For printing money the entity has to keep something to weigh on the other side (for long time it was gold, no majority of it is forex), The latter entity may provide something to weigh upon so the former one could print some Essentially, isn't it called bailing it out
@@ajeeshsunil no it doesn't. The US Govt (since the 1920s at least) can fiscally spend without issuing a single treasury security. Your concepts are outdated by at least 100 years
lets talk about how Jerome Powell printed 7 trillion dollars during rona, and pumped up the markets creating a bubble, then we are in inflation and market bubble hell, right now the commercial real estate market is crashing at the rate of 50%, and Jerome Powell created another housing bubble, larger than the 2007 housing bubble. I choose gold standard and JP Morgan over a corrupted federal reserve.
Yes, plus Jamie is the go to person for regulators in creating a private sector solution to problems in the banking sector and plays the voice of the banking industry. But when Jamie retires, JP Morgan might not be Uncle Sam’s favorite anymore.
Considering America’s size of population it ain’t that bad when you compare it to HSBC in UK and UBS in Switzerland. Those banks are too big fail for their respective countries
Population size only matters as long as GDP per capita is high. Pakistan has as much as 70% of the US population, but their economy is the size of Connecticut, they ain't gonna have JP Morgan sized banks. But yeah, most developed countries have banks that control assets equivalent to more than 50% of GDP like BNP Paribas for France, Santander for Spain, Mitsubishi/Sumitomo for Japan, Barclays/HSBC for UK while JP Morgan is at 13%.
I don’t really know much at all about banking. But I wanted to ask 2 questions based on the comments above, hopefully someone with more knowledge than me can answer. Will a bank actually help improve a countries gdp per capita by a significant stretch? Because it sounds like JP in US or HSBC in the UK is big because the countries have strong economies already. And would a JP sized bank actually improve places like Pakistan that was used an example?
You boys missed the part where Citi was by far the biggest bank in America, then the '08 crash happened and Mr Dimon (JP Morgan) got a charitable donation from the regulators of a near interest free loan (charged at discount window rates, not retail rates) of $30 billion to buy bear sterns during the '08 crash, for literal pennies on the dollar. The discount window is for bank collateral! Not whole funking businesses. Dimon's connections with regulators were better than those of Citi, that's how he "won"
Not true the reason they gave it to him was because they also had to undertake the toxic assets which they were later sued for $10 billion which was the reason they regret doing the deal
@@adityag485 Stearns could have been bailed out by Govt like all the other pan handlers during the crash, but the option they took removed a player from the market. Dimon had better connections with regulators. Nice and cosy
It should also be noted that the reason Chase was able to get so big(the commercial banking arm of JPMC) is because they're just straight up better than any of the other large banks. Citi, BoA, Wells Fargo, and USB have all had major controversies around how they treat customers. Every time I hear someone say they bank with any of these large banks, they never have anything good to say, and are generally pretty negative about them. Meanwhile, Chase is actually seen as a pretty good bank that doesn't try to continually screw customers over for some extra dollars. JPM(the business/investment banking arm) has also done a really good job in the IB department. They recently passed MS and GS for the #1 spot on the BB ranking for revenue, and their other businesses(market making, wealth management) have also done really well in recent years. None of the other banks compete because none of the other banks have Dimon, which is ironic because Citi was actually kinda cofounded by Dimon, but he got forced out by Sandy Weill
Give us a break. Chase has been cozying up with the federal government banking regulators. That's why JP got a big shot of taxpayers money to snatch First Republic.
Wait, not only is there a bank that has twice the amount of deposits as JPMorgan but there are four banks that blow them out of the water and all Chinese!? We need a video about that!
Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future. Putting our time and effort in activities and investments that will yield a profitable return in the future is what we should be aiming for. Success depends on the actions or steps you take to achieve it, "I pray that anyone who reads this will be successful in life
Thanks for continuing updates I'd rather trade the stock market as it's more profitable. I make an average of $34,500 per week even though I barely trade myself.
just a heads up, you said JP morgan had total assets of 4 billion, it should be trillion. i think you misread your own graph. 3,875 billion = 3.875 trillion
Great Stuff... thank you for sharing this strategy!! Similar to one other that you did while ago. Can you tell me which drawing tools you use apart from the drawing of pocket option itself?? Thanks
Most Americans find it hard to retire comfortably amid economy crisis. Some have close to nothing going into retirement, my question is, do I pull cash from my 401k and buy a house, or spread my money in stocks for cashflow? I'd love to afford my lifestyle after retirement?
It is advisable to save at least 15% of your income in a 401(k). Online calculators can help you estimate the appropriate savings amount based on your age and income. By saving at least 15% of your income in a 401(k), you can work towards a comfortable retirement. This strategy allows you to benefit from compound interest, potentially growing your retirement savings significantly over time.
Using a 401(k) or IRA is a valuable strategy for retirement planning, providing potential savings growth and tax advantages. While the stock market is promising, expert guidance is essential for effective portfolio management
On the contrary, even if you’re not skilled, it is still possible to hire one. I am a project manager and my personal port-folio of approximately $750k took a big hit in April due to the crash. I quickly got in touch with a financial-planner that devised a defensive strategy to protect and profit from my port-folio this red season. I’ve made over $150k since then
'Grace Adams Cook' a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
Politicians are always eager to regulate and smother small players, but when it comes to a monopoly that actively undermines free market competition, politicians suddenly become anti-regulation because "free market". Weird how that works.
260 commercial banks for germany is technically true but very misleading because most citizens have their accounts with banking cooperatives and government owned local banks. Germany has over 2000 credit institutions
1:38 "A handful of big American banks" and you've got the UBS logo in the mix... suddenly I'm not so surprised I'm not subscribed to this channel anymore.
This is a great headline that could've been run any time in the last 130 years Edit: when I posted this comment the title of the video was "Is J. P. Morgan Getting Too Big?"
Imagine using a bank, credit unions ftw if someone's gonna be profitting off of my money I want it to be owned by everyone using it not some wall street crooks
You left out part of the story. Neoliberalism was always all about getting rid of those pesky unneccessary 1930s & 40s banking regulations, but a big turning point was in 1999 with the repeal of that glass steagle act, which allowed banks to engage in the extreme risky gambling behavior that caused the 2008 gfc in the first place. And we bailed them out and the real econony, not the finacial esystem executives, suffered.
Chase is a good bank. Fun fact: the US "Great Depression" was largely a bank panic (it was more or less over by 1934) and Canada, unlike the USA, had no banks fail because literally their banks were too big to fail, being "national" rather than "regional" like in the USA. So TBTF is actually a plus, not a minus. The problem with small banks is that they tend to often be reckless with their lending, giving money to local yokels, often Farmer Freds in the countryside that objectively might be obsolete, that on a national basis may not be credit worthy.
That's not why US banks failed. There were debt bombs in us markets thanks to the speculative bubble in the stock market, as someone else mentioned the whole speculation fenzy was fueled from the top down by the likes of JP Morgan. Plus, I think the narrative there was a "recovery" of the US economy starting around 2009-2010 when everyone was losing their jobs needs to be open for discussion. Productivity has not risen since the GFC, and low interest rates have created a "cost of living crisis" which is measureable effecting the well being of the youngest in our economies. Central banking moving around debt to make GDP figures look good isn't real economic anything, it's smoke and mirrors, a lie. Not letting parasitic ineffective buisnesses fail but taking wealth from the public and using it to prop them up is arguably more harmful than simply letting them fail. Bailouts in 2008 and 2020 amounted to a transfer of wealth on an unprecidented scale, essentially an inverted Marxian class warfare act as brazen as they come. In the end societies reaxtion to the damage the extreme greed of the 1920s had caused led to equitable society of the 50s and early 60s so fondly remembered by Americas political class. Rejecting Keynesian liberalism gave us globalization and billionaire oligarchs who crash the economy every 10 years and then we have our futures mortaged to pay for it.
No matter how benevolent or beneficial a big bank appears to be, I don't want it to to get too big to fail. The world is far more fragile today and a repeat of 2008 will be the end of us all
I moved from Chicago to New York. While Chase existed in Chicago, I banked with a regional bank. You have no choice but to get Chase/JPM it’s just so ubiquitous here and all over the country
They should be a shame of themselves, but too much to ask. Largest Bank now contemplating charging its customers for their bank accounts? Is this right ? Did anyone happen go to jail in 2008, biggest bail out in history. I’m just asking …
Investors have shattered hopes of more interest rate hikes as a result of the collapsed Silicon Valley Bank, selling down bank equities all around the world. What's the best way to benefit from the current market forecasts now that my $200k stock portfolio is in a slump and I'm trying to decide whether to liquidate it?
The SVB issue serves as a warning that Fed rate hikes are having an impact, even though the economy has so far kept steady. At times like this, investors must be vigilant for the next unpredictability. Since you don't have to act on every projection, I advise hiring an investment advisor.
I believe using an investing advisor is a terrific idea. In the midst of the 2008 financial crisis, I was literally experiencing horrible dreams before I spoke with an advisor. In conclusion, I was able to increase my initial investment from $320k to almost $2.5 million in 2011 with the aid of my advisor, and I later bought my first investment property.
Well, I've been researching advisors lately because the market news I've been seeing hasn't been that positive. Who is the individual who helped you, and is he or she still around?
Thank you for the guidance. It was straightforward to locate your contact. She appears highly skilled and adaptable. I have scheduled a call session with her.
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ TERRI ANNETTE MOORE for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
My impression is this pipeline will take 5-7 years to build and need a 30 year life cycle to justify the original investment. Does China want to trust a deal with Putin for 30 years? Can Russia afford to build this Boeing it will be decades before it sees a profit from this?
Whenever a bank is 2x the size thats too big to fail they should tax it extra to raise fund for bailouts later and to encourage the bank itself to find a way to split
We Are in Unchartered Financial Waters! every day we encounter challenges that have become the new standard. Although we previously perceived it as a crisis, we now acknowledge it as the new normal and must adapt accordingly. Given the current economic difficulties that the country is experiencing how can we enhance our earnings during this period of adjustment? I cannot let my $680,000 savings vanish after putting in so much effort to accumulate them.
At present, my main concern is finding ways to boost revenue while facing periods of quantitative easing, as I cannot afford to watch my savings diminish.
true, A lot of folks downplay the role of a professional until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for license advisors and came across someone of due diligence, helped a lot to grow my reserve notwithstanding inflation, from $275k to approx. $850k so far.
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Sharon Marissa Wolfe’’ for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
As someone who is about to start working for JP Morgan, great video, but let me clear up some misconceptions. First, part of the reason Citi grew so much in the '90's was cause of Jamie as he was the COO and President at the time and they took advantage of the repeal of Glass-Steagall. Next, Jamie has said in numerous interviews that he was asked to buy Bear Stearns and he regrets buying them cause the government came after them even though they said they would take into account the circumstances by which they were acquired. Also, he does not regret buying WaMu as it got them into Cali, Washington, and Florida.
thank you so much for your guidance and support. Your tips have helped me improve my trading skills and I got 4 out of 5 - a great result for me. Your expertise is truly appreciated
Crash! Inflation! It’s getting depressing. I have about $200k in emergency fund and I have been seeing good news about the stock market and would like to gain from that since I can’t let my savings be corroded by inflation. What stocks should I invest into as a newbie to safely grow my money.
@MaryLawson874 The issue is most people have the “I want to do it myself mentality” but not equipped for a crash that comes afterwards. Ideally, advisors are perfect reps for investing jobs and at first-hand experience, my portfolio has yielded over 300%, summing up nearly $1m, since covid outbreak to date
@@EdmundEthan093 I'm intrigued by this. I've searched for financial advisors online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?
@@roxdietren I've experimented with a few over the past years, but I've stuck with the popularly Jessica Dawn Walters for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
@@EdmundEthan093 Thank you for the lead, searched Claire by her full name and at once spotted her consulting page, she seems highly professional having over 12 years of experience. amazing!
davos and the wef are really the only way to exist, i want to own nothing and be happy about it, thank you oh capital overlords, how may we please you today
Because it is a very good explanation. Thank you very much for this video. I asked a lot about it. We want more videos. In Arabic translation, thank you ����������🐵
or maybe we should investigate them because they did business with epstein for decades? they are genuinely complicit in his child s*x trafficking, i rly think we shouldn't forget to acknowledge this
I work for JP Morgan in Bank Street down Canary Wharf - London . I remember one morning grabbing some tea before heading into the office and saw Jamie Dimon lineup in front of me! He forgot to buy a snack from the fridge opposite and kindly requested me if I can hold his position in line, to which I said yes of course.
Then he came back and thanked me and told me where I worked. I told him that I work for him 😂😂! He started laughing, and we just started talking about family before anything business related!
For me it was unbelievable for a man to simply discuss about how I am doing as well as my family ;and of course I reciprocated and he told me about having a male grandchild in the family for the first time and just how ecstatic he was to have one after so many daughters and granddaughters - bless 😍!
Jamie is such down-to-earth individual. He even told me to come down to the executive room for lunch later on with senior partners who I personally never met! I obviously obliged and got to have lunch with very high-level people within the bank!
Everything was surreal for me!!! He Even introduced me to the senior management and told them “hey guys this is Shah who I met downstairs at the coffee shop this morning” 😂😭. Humble AF!
Cool story
that's pretty cool
I love that guy . As a shareholder i whould even aprove to a billion dollar salary compensation .
you sound like a corporate bootlicker lol
I work at chase as well. I’ve never personally met him but I’ve only ever heard good things about him from other coworkers who have met him!
U.S. Government: Here have another bank.
Also U.S. Government: You seem to be getting too fat.
Bank failures are likely to continue increasing due to rising interest rates, as it causes their commercial paper and treasuries to become devalued. To prevent a severe economic downturn, it is necessary to implement a freeze on interest rates. Simultaneously, the White House should support the industry in boosting gas and oil production to lower fuel prices. The anti-oil stance only contributes to higher energy costs, leading to inflation throughout the economy. By reducing interest rates, tightening the money supply, cutting government expenditures, and increasing the availability of affordable fuel, inflation will decrease, and the economy will thrive. Unfortunately, various conflicting agendas make it unlikely for all these measures to be implemented, resulting in a recession and persistent inflation.
In light of the ongoing global economic crisis, it is crucial for everyone to prioritize investing in diverse sources of income that are not reliant on the government. This includes exploring opportunities in stocks, gold, silver, and digital currencies. Despite the challenging economic situation, it remains a favorable time to consider these investments.
The pathway to substantial returns doesn't solely rely on stocks with significant movements. Instead, it revolves around effectively managing risk relative to reward. By appropriately sizing your positions and capitalizing on your advantage repeatedly, you can progressively work towards achieving your financial goals. This principle applies across various investment approaches, whether it be long-term investing or day trading.
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
Please can you leave the info of your investment advisor here? I’m in dire need for one
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Melissa Terri Swayne” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
I squirrelled away cash for a rainy day, but with inflation pouring down, it feels more like a leaky bucket. Saving for retirement seems impossible if my money keeps losing value faster than I can earn it.
That makes sense. Unlike us, you seem to have the market figured out. Who’s your fiduciary?
Dustin Dwain King is my asset manager. Just research his name to find the details and set up an appointment...
I copied his name and pasted it into my browser; his website came up immediately, and his qualifications are excellent. Thank you for sharing.
Hold gold if you need it under your mattress
But of course investment in the market is almost always the best for most people
I think the fact that Jamie Dimon has a strong relationship with regulators and often assist regulators in their actions, provides banking services to nations and multinationals at a scale that can’t be mirrord by other banks, and a strong balance sheet makes JP Morgan less likely to be broken up. (So long as they continue to be an asset the US government in their goals and not causing systemic problems)
They're creating inflation and ever greater debt interest. Of course they'll bring the global economy towards another crash.
jpmorgan was also epstein's bank - truly the kinds of people we want monopolising our financial systems /s
@@LokiBeckonswow It's also the bank for millions of americans, who trust JP morgan more than any other bank because how well it's run. When you serve that many people, some are bound to be bad guys, but it's still a good bank.
If Epstein ordered a Big Mac, that doesn't mean McDonald's was "his" restaurant, it's ridiculous to judge a massive company because one customer was a bad guy. t@@LokiBeckonswow
This is the connundrum. Congressmen don't do anything unless they are paid for it. Elizabeth warren has enough haters and lovers that JP morgan can't donate to her rivals enough to get rid of her. JPMorgan made 51 billion in profit because of the fckups of the federal reserve and congress.... so how much money is he willing do "donate to esteemed members of congress" to hold on to this status? Its in the billions btw.
US corporations sound gigantic and overwhelmingly monopolistic, but that's in major part because the economy is so large to begin with, they often control much smaller segment of the market compared to other countries' corporations. JP Morgan is huge, sure, but their assets under management is equivalent to 13% of US GDP.
That sounds big, but BNP Paribas controls assets equivalent to 87% of French GDP, Barclays controls assers equivalent to 42% of British GDP, Banco Santander controls assets equivalent to 110% of Spanish GDP, Mitsubish Financial Group controls assets equivalent to 75% of Japanese GDP.
(GDP is a flow like income whereas assets are not which makes the comparison harder, but let's not get into that).
Which bank would you buy shares in? Bnp Paribas?
@@jamesbyrne9312 JPMorgan
@@jamesbyrne9312JP Morgan. Even though they "only" manage 13% of US GDP, that's still more assets than any bank outside of China and you can't trust Chinese economic or financial data.
Now what's Blackrock's Assets to GDP ratio?
underrated comment
Banks are buying gold and other Precious Metals because of they have remained stable or appreciated in this shambolic times with these banks collapsing, META down 40k, ALLP down 35k, Draft Kings down 6k, NIO down 15K, ABML down 8k, and my wife doesn’t know. I'm just hanging on to Jim Cramer's words about opportunities in volatile times so perhaps, I either wait for a recovery or pick profitable investments to substitute for my loss.
The Collapse of Some Banks has torn into global markets, with investors ripping up their forecasts for further rises in interest rates and dumping bank stocks around the world. I'm at a crossroads deciding if to liquidate my dipping 200k stock portfolio, what’s the best way to take advantage of this bear market?
There are quite frankly a number of ways to make high yields amidst volatile times, but such trades are best done under the supervision of a portfolio-coach
Yes, my asset manager advised I spread further into mutual funds and crypto Etf and boy am I glad I did. The whole idea is: Don’t get too greedy and also to exit at the right time, so generally I do find having an adviser very helpful.
could you recommend some good advisers? don’t get me wrong, I already have an asset manager for my $5m portfolio, but he seems not to know much about crypto.
Vivian Jean Wilhelm a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
You cant really talk about Jamie Dimon without mentioning Sandy Weill who started the whole "everything" bank at Citigroup when he merged Citibank with Travellers Group. Jamie was his protégé and was lined up as his successor.
The logistical and regulatory nightmare of the merger is why a lawyer Chuck Prince became CEO instead of Dimon. The rest is history.
hey Jonathan, is there any article/video you would recommend if anyone wants to learn more about that phase of Citigroup?
As a financial advisor for Primerica, you are correct Citigroup bought Primerica from art Williams for just over a billion dollars then spun it off in an ipo in 2010
Define too big, story time, let's talk about the time that JP Morgan, the person not the bank that's named after him, bailed out the federal government.
great reference, thx for bringing it up, please keep bringing it up! every american deserves to understand more of the corrupt financial history!
That's nonsense on its face. An entity that must earn money "bailed out" an entity that creates/prints money virtually at will (fiscal spending)
@@BOZ_11 For printing money the entity has to keep something to weigh on the other side (for long time it was gold, no majority of it is forex),
The latter entity may provide something to weigh upon so the former one could print some
Essentially, isn't it called bailing it out
@@ajeeshsunil no it doesn't. The US Govt (since the 1920s at least) can fiscally spend without issuing a single treasury security. Your concepts are outdated by at least 100 years
lets talk about how Jerome Powell printed 7 trillion dollars during rona, and pumped up the markets creating a bubble, then we are in inflation and market bubble hell, right now the commercial real estate market is crashing at the rate of 50%, and Jerome Powell created another housing bubble, larger than the 2007 housing bubble. I choose gold standard and JP Morgan over a corrupted federal reserve.
Good video, would've preferred more elaboration on the latter half on why JPMorgan would be hard to break up, and how much influence Jamie Dimon has.
Yes, plus Jamie is the go to person for regulators in creating a private sector solution to problems in the banking sector and plays the voice of the banking industry. But when Jamie retires, JP Morgan might not be Uncle Sam’s favorite anymore.
congress doesn't get out of bed unless someone offers them money to go to work. Keep that in mind
Considering America’s size of population it ain’t that bad when you compare it to HSBC in UK and UBS in Switzerland. Those banks are too big fail for their respective countries
Population size only matters as long as GDP per capita is high. Pakistan has as much as 70% of the US population, but their economy is the size of Connecticut, they ain't gonna have JP Morgan sized banks.
But yeah, most developed countries have banks that control assets equivalent to more than 50% of GDP like BNP Paribas for France, Santander for Spain, Mitsubishi/Sumitomo for Japan, Barclays/HSBC for UK while JP Morgan is at 13%.
@@chinguunerdenebadrakh7022 you’re right, I guess I was trying to quickly shoot to my second point
I don’t really know much at all about banking. But I wanted to ask 2 questions based on the comments above, hopefully someone with more knowledge than me can answer. Will a bank actually help improve a countries gdp per capita by a significant stretch? Because it sounds like JP in US or HSBC in the UK is big because the countries have strong economies already. And would a JP sized bank actually improve places like Pakistan that was used an example?
You boys missed the part where Citi was by far the biggest bank in America, then the '08 crash happened and Mr Dimon (JP Morgan) got a charitable donation from the regulators of a near interest free loan (charged at discount window rates, not retail rates) of $30 billion to buy bear sterns during the '08 crash, for literal pennies on the dollar. The discount window is for bank collateral! Not whole funking businesses. Dimon's connections with regulators were better than those of Citi, that's how he "won"
Not true the reason they gave it to him was because they also had to undertake the toxic assets which they were later sued for $10 billion which was the reason they regret doing the deal
@@adityag485 Stearns could have been bailed out by Govt like all the other pan handlers during the crash, but the option they took removed a player from the market. Dimon had better connections with regulators. Nice and cosy
Proud to be a J.P. Morgan Chase & Co. shareholder .
same! Love the dividends too
It should also be noted that the reason Chase was able to get so big(the commercial banking arm of JPMC) is because they're just straight up better than any of the other large banks. Citi, BoA, Wells Fargo, and USB have all had major controversies around how they treat customers. Every time I hear someone say they bank with any of these large banks, they never have anything good to say, and are generally pretty negative about them. Meanwhile, Chase is actually seen as a pretty good bank that doesn't try to continually screw customers over for some extra dollars.
JPM(the business/investment banking arm) has also done a really good job in the IB department. They recently passed MS and GS for the #1 spot on the BB ranking for revenue, and their other businesses(market making, wealth management) have also done really well in recent years. None of the other banks compete because none of the other banks have Dimon, which is ironic because Citi was actually kinda cofounded by Dimon, but he got forced out by Sandy Weill
Give us a break. Chase has been cozying up with the federal government banking regulators. That's why JP got a big shot of taxpayers money to snatch First Republic.
Wait, not only is there a bank that has twice the amount of deposits as JPMorgan but there are four banks that blow them out of the water and all Chinese!? We need a video about that!
Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future. Putting our time and effort in activities and investments that will yield a profitable return in the future is what we should be aiming for. Success depends on the actions or steps you take to achieve it, "I pray that anyone who reads this will be successful in life
Thanks for continuing updates I'd rather trade the stock market as it's more profitable. I make an average of $34,500 per week even though I barely trade myself.
How
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Thanks to Mrs Maria Davis.
She's a licensed broker here in the states
I'm surprised that this name is being mentioned here, I stumbled upon one of her clients testimony on CNBC news last week.
Sounds like BOA missed a great opportunity to get First Republic
JP got a dirty hands by the government under taxpayers pocket to get the bank for pennies.
just a heads up, you said JP morgan had total assets of 4 billion, it should be trillion. i think you misread your own graph. 3,875 billion = 3.875 trillion
Size matters after all.
We did have a national bank it’s charter ended in 1836
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Most Americans find it hard to retire comfortably amid economy crisis. Some have close to nothing going into retirement, my question is, do I pull cash from my 401k and buy a house, or spread my money in stocks for cashflow? I'd love to afford my lifestyle after retirement?
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Using a 401(k) or IRA is a valuable strategy for retirement planning, providing potential savings growth and tax advantages. While the stock market is promising, expert guidance is essential for effective portfolio management
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Market behavior can be complex and unpredictable. Mind if I ask you to recommend this particular coach to whom you have used their services?
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Politicians are always eager to regulate and smother small players, but when it comes to a monopoly that actively undermines free market competition, politicians suddenly become anti-regulation because "free market". Weird how that works.
260 commercial banks for germany is technically true but very misleading because most citizens have their accounts with banking cooperatives and government owned local banks. Germany has over 2000 credit institutions
1:38 "A handful of big American banks" and you've got the UBS logo in the mix... suddenly I'm not so surprised I'm not subscribed to this channel anymore.
This video is very informative..... Love from Bangladesh
This is a great headline that could've been run any time in the last 130 years
Edit: when I posted this comment the title of the video was "Is J. P. Morgan Getting Too Big?"
before rona, the shareholders were mad at dimon for not making enough money.... the banking industry ebbs and flows
Wow, this strategy looks promising! I'll try it.
Australia went the other way. Four banks have 90% of the market.
Try to open a bank here, and you will be burried in litigation for decades.
Imagine using a bank, credit unions ftw if someone's gonna be profitting off of my money I want it to be owned by everyone using it not some wall street crooks
Germany has way more different banks. The majority of banks are either run as cooperative or are owned by public entities.
Oh yeah
Great video I found the intro music a little jarring I can't lie
Small banks shouldn’t be a thing
5:21 Is that some low-key sandbagging there or what?!
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You left out part of the story. Neoliberalism was always all about getting rid of those pesky unneccessary 1930s & 40s banking regulations, but a big turning point was in 1999 with the repeal of that glass steagle act, which allowed banks to engage in the extreme risky gambling behavior that caused the 2008 gfc in the first place. And we bailed them out and the real econony, not the finacial esystem executives, suffered.
At least there is one area of banking they do not do
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Chase is a good bank. Fun fact: the US "Great Depression" was largely a bank panic (it was more or less over by 1934) and Canada, unlike the USA, had no banks fail because literally their banks were too big to fail, being "national" rather than "regional" like in the USA. So TBTF is actually a plus, not a minus. The problem with small banks is that they tend to often be reckless with their lending, giving money to local yokels, often Farmer Freds in the countryside that objectively might be obsolete, that on a national basis may not be credit worthy.
Great depression was caused by JP Morgan.
That's not why US banks failed. There were debt bombs in us markets thanks to the speculative bubble in the stock market, as someone else mentioned the whole speculation fenzy was fueled from the top down by the likes of JP Morgan.
Plus, I think the narrative there was a "recovery" of the US economy starting around 2009-2010 when everyone was losing their jobs needs to be open for discussion. Productivity has not risen since the GFC, and low interest rates have created a "cost of living crisis" which is measureable effecting the well being of the youngest in our economies. Central banking moving around debt to make GDP figures look good isn't real economic anything, it's smoke and mirrors, a lie. Not letting parasitic ineffective buisnesses fail but taking wealth from the public and using it to prop them up is arguably more harmful than simply letting them fail. Bailouts in 2008 and 2020 amounted to a transfer of wealth on an unprecidented scale, essentially an inverted Marxian class warfare act as brazen as they come.
In the end societies reaxtion to the damage the extreme greed of the 1920s had caused led to equitable society of the 50s and early 60s so fondly remembered by Americas political class. Rejecting Keynesian liberalism gave us globalization and billionaire oligarchs who crash the economy every 10 years and then we have our futures mortaged to pay for it.
Yes
No matter how benevolent or beneficial a big bank appears to be, I don't want it to to get too big to fail. The world is far more fragile today and a repeat of 2008 will be the end of us all
Yeah oh
Who ever started the word banksters needs to get royalties
Gary's economics scoffs
I moved from Chicago to New York. While Chase existed in Chicago, I banked with a regional bank. You have no choice but to get Chase/JPM it’s just so ubiquitous here and all over the country
Simply put, Jamie Dimon.
They should be a shame of themselves, but too much to ask. Largest Bank now contemplating charging its customers for their bank accounts? Is this right ?
Did anyone happen go to jail in 2008, biggest bail out in history. I’m just asking …
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It's a good thing.
The real JP Morgan would be proud
Investors have shattered hopes of more interest rate hikes as a result of the collapsed Silicon Valley Bank, selling down bank equities all around the world. What's the best way to benefit from the current market forecasts now that my $200k stock portfolio is in a slump and I'm trying to decide whether to liquidate it?
The SVB issue serves as a warning that Fed rate hikes are having an impact, even though the economy has so far kept steady. At times like this, investors must be vigilant for the next unpredictability. Since you don't have to act on every projection, I advise hiring an investment advisor.
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Well, I've been researching advisors lately because the market news I've been seeing hasn't been that positive. Who is the individual who helped you, and is he or she still around?
Thank you for the guidance. It was straightforward to locate your contact. She appears highly skilled and adaptable. I have scheduled a call session with her.
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ TERRI ANNETTE MOORE for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
I thought back when federal reserves have not been established, JP Morgan Chase is basically acting like the feds? Did I get my history lesson wrong?
Too big to fail
I am sure Jamie Dimon has done some evil things but I'm secretly a big fan of his and would vote for him if I were American
My impression is this pipeline will take 5-7 years to build and need a 30 year life cycle to justify the original investment. Does China want to trust a deal with Putin for 30 years? Can Russia afford to build this Boeing it will be decades before it sees a profit from this?
Now do a video on the banker who has more money than Jamie Dimon, Andy Beale of Beale bank. you aren't going to believe what you are reading.
Видео оказалось полезнее чем я думал
If it's so big then Pull the nationalize lever
Whenever a bank is 2x the size thats too big to fail they should tax it extra to raise fund for bailouts later and to encourage the bank itself to find a way to split
We Are in Unchartered Financial Waters! every day we encounter challenges that have become the new standard. Although we previously perceived it as a crisis, we now acknowledge it as the new normal and must adapt accordingly. Given the current economic difficulties that the country is experiencing how can we enhance our earnings during this period of adjustment? I cannot let my $680,000 savings vanish after putting in so much effort to accumulate them.
At present, my main concern is finding ways to boost revenue while facing periods of quantitative easing, as I cannot afford to watch my savings diminish.
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Yay more monopoly
As someone who is about to start working for JP Morgan, great video, but let me clear up some misconceptions. First, part of the reason Citi grew so much in the '90's was cause of Jamie as he was the COO and President at the time and they took advantage of the repeal of Glass-Steagall. Next, Jamie has said in numerous interviews that he was asked to buy Bear Stearns and he regrets buying them cause the government came after them even though they said they would take into account the circumstances by which they were acquired. Also, he does not regret buying WaMu as it got them into Cali, Washington, and Florida.
They where better crooks
Bold
Bro i thought you gonna do some technical analysis on how they become so large but you just blabbered about the ceo in whole vide.
This clown thinks JP Morgan is some sort of benevolent in a banking industry. When in reality, it's one of the most corrupt bank in America.
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The video says nothing about how JP Morgan became the biggest bank. It's just rehashed a few news stories. Total waste of time.
Not everyone knows about those individual news stories. So it is great that those news stories were all compiled together.
Glorifying a bank that made fortune from taxpayers.
Clickbaity title?
Crash! Inflation! It’s getting depressing. I have about $200k in emergency fund and I have been seeing good news about the stock market and would like to gain from that since I can’t let my savings be corroded by inflation. What stocks should I invest into as a newbie to safely grow my money.
@MaryLawson874 The issue is most people have the “I want to do it myself mentality” but not equipped for a crash that comes afterwards. Ideally, advisors are perfect reps for investing jobs and at first-hand experience, my portfolio has yielded over 300%, summing up nearly $1m, since covid outbreak to date
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My favorite bank is Charles Schwab
davos and the wef are really the only way to exist, i want to own nothing and be happy about it, thank you oh capital overlords, how may we please you today
@@LokiBeckonswow Klaus Schwab and Charles Schwab are completely unrelated.
América is a continent not a country
The Americas are two continents...
yeOh ah
coincidentally jamie dimon was also 3pst3in's banker - gross and cringe af, history is judging you harshly jpmorgan
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Jamie Dimon is the goat
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Commenting 4 algorithm
whats the dilemma??? just break up tje fucking compqany
Blok cein 1briks ok finans kriminal place kriminal politice Interpol ok 2024😊😊😊
Jamie Dimon for president
Yeah, a total psychopath for president, that’s what you need…
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There is a 1500 banks in germany.
All hail our financial overlord, I guess
That'll be China soon enough
or maybe we should investigate them because they did business with epstein for decades? they are genuinely complicit in his child s*x trafficking, i rly think we shouldn't forget to acknowledge this
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