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so there's some interesting stuff you know with Trump and his appointments he's people he's picking in the various as the various government heads you know I hear that the EPA he's got some someone I think it was a governor or somebody Senator who's like an anti-global you know man global warming kind of guy in other words like I feel we've been lied to by the likes you know of Al Gore and Friends uh speaking of which saw a headline today this morning some areas in the United States 32 degrees below the normal temperature for this time of year over I don't know if it's the next couple of days or whatever the forecast was 32 Dees below where it should be I'm sorry did you say global warming in the same sentence Jay snip for exactly and for the period of time that scientists Academia have agreed this is the window of global warming uh the years you know which essentially last 20 years or so all of the planets you know Earth our solar system uh Jupiter Venus all of them like every planet practically if I recall I haven't read this in a long time scientific data we're all heating up at the same time so you'd have to sit back here and scratch your head and say how the hell can we have global war warming by man uh manmade on Earth during the same exact time period when other planets were heating up and ain't no life on those planets or at least us human life right maybe there's little microscopic organisms but there ain't us humans causing so that's nonsense so anyways Trump pick is picking a guy that agrees with what I just said it's man-made GL Waring nonsense he's going to have the EPA but in then in another breath shockingly uh jason4 unexpectedly heard this today Jamie Diamond you know that Jamie Diamond Head of my favorite Bank JP Morgan Chase Jamie Diamond named chairman of business Round Table scoring another key DC post for Wall Street just days after being appointed to Trump's strategic and policy Forum JP Morgan CEO Jamie Diamond has been named chairman of business Round Table obviously this is yet another prominent DC position for Wall Street Just As Trump gets set to take the White House and made promises to drain the swamp so he's been appointed I didn't catch this one I guess he's been appointed to Trump's strategic and policy reform uh and policy Forum excuse me strategic and policy Forum okay now he's being named chairman of Business Roundtable and the well let me just read this real quick for uh press release says and this is via the business Round Table websites press release Diamond that is Jamie Diamond will take over the chairman position from Doug oberhelman the CEO of caterpillar and will serve a two-year term that will last through December 21st 2018 talking about this business Round Table quote Jamie is one of the most accomplished Business Leaders in America obber Helman said he is a strong imp positive force for sound economic policies and the need for a diverse and skilled Workforce his depth of understanding and optimistic vision of America's future make him exactly the right person to lead business Round Table to work with the new Administration in Congress it is it is an honor to be selected to lead business Round Table Jamie Diamond said given the quality and diversity of its membership the organization is uniquely positioned to advocate for Meaningful solutions that create economic growth opportunity for all with the new president in Congress soon to take office there is a real opportunity for business Round Table to be a positive influence and show how business plays a critical uh role in this growth hang on so it's an honor to be selected to lead the business Round Table Jamie Diamond said given the quality and diversity of its membership the organization is uniquely positioned to advocate for Meaningful solutions that create economic growth an opportunity for all and on that note excuse me why read you another article same day JP Morgan you know Jamie Diamond's the ahead of that HSBC credit agricol uh Bank cartel if you will zeroedge finded $521 million for euror uh rigging the global bank stocks soaring on expectations and hope that financial sector regulation will be broadly Swept Away under Trump today Europe did its best to show that at least for now the banks are not in the clear when the European commission has fined JP Morgan credit agrial and HSBC a total of 40 uh 485 million or $521 million for rigging read breaking the law federal massively anything over $300 is a felony and the fine considering it's 521 million you know the crime they committed was probably five to 6 seven eight times that amount cuz that's what it always is now let me let me get going for a minute the three Banks colluded on Euro interest rate derivative pricing elements and exchanged sensitive information in breach of EU antitrust rules the European commission said on Wednesday in an emailed statement JP Morgan was fined The Lion Share by the way 332 million EUR HSB paid a little 33.6 million and credit agrial paid a 114.3 million magreth vestar the eu's competition police uh policy Chief said Banks quote have to respect EU competition rules just like any other company operating in the single Market the aim of the cartel was to distort euror Miss vesar said the Traders involved quote tried to submit quotes to move the yor rate up or down end quote the commission found evidence in records from online messaging services of Traders congratulating each other on work well done she said adding that the enforcement of competition rules brought it to light widespread collusion between the banks how many times do we have to hear collusion between the banks a Trader yada yada yada collusion between the banks and congratulating each other on work well done she said Well Done can I go back to that other one real quick Jamie is one of the most accomplished Business Leaders in America obber Helman said he is a strong and positive force for sound economic policies and the need for a diverse and skilled Workforce his depth of understanding an optimistic vision of America's future make him exactly the right person to lead business Round Table to work with the new Administration in Congress it is an honor Jamie said Diamond said it is an honor to be selected to lead business Round Table given the quality and diversity of its membership the organization is uniquely positioned to advocate for Meaningful solutions that create economic growth and opportunity for all unless you take into consideration that my bank got fine the most for rigging youro rates which would not be anything good for all it would only be good for us Bankers uh and because we rigged those rates I don't know how many of you we've affected to some extent because when you mess with an interest rate of something it has worldwide impact somehow or another even if it's a trickle down or an indirect it has an impact on you somehow someway so that amount how that affected you God only knows the full amount but they got off the hook for what was that exact amount 337 million EUR in total with the three of them combined 485 million total again Euros 521 million US dollar how many times have I come out here talking about jam diamond JB Morgan Goldman Sachs Bank of America City Group you know the bankers Club getting away with financial murder damaging Millions upon Millions upon millions of people financially again in some way shape or form because of the actions that they do the fraud the felonies whatever it was that they committed from rigging precious metals rigging cotton rigging wheat you know Futures contracts just the no admission of guilt security Exchange Commission will said like you to settle out of court for uh we're gonna have to do a record fine this time because you guys keep doing this over and over again so uh breaking news $600 million fine on JP Morgan for rigging pick your favorite stock share commodity but how much did they make rigging it because if they colluded as it says they got caught colluded to rig the price up or down interest rate on that uh Euro then that means there's winners and losers right because if you rig the price to go up because you want it to go up and you're going to make bets because you're expecting the price to go up so you place the bets and then the price goes up because you made it go up that's highly illegal but what does that also mean for every bet that is a call or put or in this case a call meaning I'm expecting the price to go higher there has to be puts someone else has to be on on the other side of that bed there has to be somebody else on the other side of the bed you bet it goes up someone else's and it may be a lot of somebody else's combined betting that it's going to go down and vice versa so then maybe the boys over at JP Morgan with their friends at HSBC and credit agricult decide let's push it down this time guys okay uh 7 o' that's too early Mark 11 a.m.
right after I non nonfarm payroll comes out or maybe that's noon let's go ahead and knock it down and let's capitalize on that see if we can pull this one off guys all right guys see you then oh private message exchange congratul what up congratulation guys congratulate each other what say congratulating each other on work well done she said finding that the enforcement of the competition rules brought to light widespread collusion between the banks so you bet and forc the price to go down you won that bet how many losers were out there that lost the bet probably an uncountable amount who thought like I did in 2008 when I got screwed out of my Futures Contract in silver the same way bad luck I'm not a market expert I thought I could do this as an amateur I was wrong I lost my money poor me oh well you live and learn not realizing this ain't a free market Market you're playing and see if you'd known in advance you weren't playing in a real free market you wouldn't have played the game but you thought this is America there's markets there's regulation there's the cftc there's the SEC I mean we've got a system in place only to find out that that system is filled with bankers at the top who leave like Gary gendler who went to go work for Hill Clinton's campaign who's always looked the other way when someone brought any kind of charges against silver or gold manipulations no we nothing to see here nothing to see here yet in the background HSBC settles a silver rigging thing Deutsche Bank wants to settle a silver rigging thing excuse me cftc this is breaking news are you not watching the news today you said there's been no rigging of these markets and they're finding these people rig the markets and now they're settling with with them but your investigation says that's not not the case you looked into it everything's good right right bull crap so on one hand Dam Jamie Diamond he's the greatest guy he's one of the most accomplished Business Leaders in America he's going to do the right thing for American growth and economic policies that we need for a diverse and skilled Workforce it's going to be you create economic growth and opportunity for all behold that thought I got to pay a 300 something million dollar fine over here for rigging euror as they call it Euro rates interest rates vehicle this I'll be right back give me give me the noo peace Parts when I come back I got to go rig the I mean did I say rig sorry about that I gotta go pay a fine uh George Bush once said to the lady in the audience what something you know had to work three jobs truly American that's fantastic truly American and that is truly American if you are draining the swamp you don't get Swamp Thing and put Swamp Thing head of Swamp Thing things in charge of anything yeah what the hell's going on take care
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