This show analyzes the major causes of the recent multi-billion-dollar loss at J.P. Morgan, discussing inflation, fiat currency, ridiculously low interest rates, the lessons of history, and the utter madness of expecting the debt-addicted Federal Government somehow promote fiscal responsibility in the financial sector!
The five largest banks in the United States hold over 75% of all banking assets. This is the highest concentration of banking assets among the top five firms in American history. The concern of banks being too big to fail is worse now than before the financial crisis.
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