Music for the Funeral of J. P. Morgan Esq.

Turk

Turk

Active Member
Well, with silver knocking on the $36 door, things are about to warm up even more for JPM in the months ahead.

Their silver-shorting losses are already painfully huge - but with a bit of luck their NEW losses will send them bankrupt.

So, since silver stackers are always ahead of the game, I thought it might be fitting to start planning for their funeral right now.

You are all invited!

Perhaps you might like to suggest something appropriate for this solemn event - something from the heart that expresses how you feel.

An item of music? A work of art? A short eulogy? (And remember, this is for posterity..)

I will start with a small but fitting tribute - a piece called "Wipe Out", by The Ventures. Says it all.

(With every drum beat I see JPM losing one million dollars)

[youtube]http://www.youtube.com/watch?v=XjiOtouyBOg[/youtube]
 
I always see talk of JPM's silver short position here but how bad is it?
Bear in mind in 2010 they made a Net Profit of 17.37 Billion and had 2.118 Trillion in assets.

Are they really in that bad of a position that they could fold?

Surely if they are we don't want that to happen as it would definitely mean another crash ala 2007-2008 which I don't really think is a positive for anyone even though we may believe it is inevitable.
 
I agree, we don't want another crash. Too much suffering by too many innocent people, such a crash also badly effects people who do live within their means, children, the elderly, the poor, charities, and small businesses and self employed folk.

JP morgan is like a giant zombie cockroach or the Daleks - they will just keep coming back.
 
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