/biz/ - Business & Finance

>>54589665
I warned you Bobo ya little shit. Don't fuck with the bull. Now get to the breaking shed so I can show you what I learned down South.

>>54589233
>>54589247
The Gov doesn't bail out JPM. JP Morgan bails out the US government.

>Drexel Morgan underwrote the pay of the entire U.S. Army in 1877 and bailed out the U.S. government during the Panic of 1895. The foundation of Drexel Morgan and their partnership with Anthony Drexel also established Morgan family offices in London (J.S. Morgan), Philadelphia, New York City (Dabney Morgan), and Paris (Drexel Harjes), which would subsequently become J.P. Morgan & Co.
>Starting in early January 1859, Morgan spent several months in the South to visit the firm's correspondents in Georgia, Alabama, and Louisiana and to improve his knowledge of the cotton trade. He briefly visited Cuba, where he developed a lifelong taste for Cuban cigars.
>At the depths of the Panic of 1893, the U.S. Treasury nearly depeleted its gold reserves. Morgan put forward a plan for the federal government to buy gold from his and European banks, but it was declined in favor of a plan to sell government bonds directly to the general public. Morgan demanded a meeting with President Grover Cleveland, where he claimed the United States government could default that day if action was not taken. Morgan came up with a plan to use an old civil war statute that allowed Morgan and the Rothschilds to sell 3.5 million ounces of gold directly to the U.S. Treasury in exchange for a 30-year bond issue.
>The Panic of 1907 was a financial crisis that almost crippled the American economy. Major New York banks were on the verge of bankruptcy and there was no mechanism to rescue them, until Morgan stepped in to help resolve the crisis. To ease the crisis, Secretary of the Treasury George B. Cortelyou earmarked $35 million of federal money to deposit in New York banks. Morgan then met with the nation's leading financiers in his New York mansion, where he forced them to devise a plan to meet the crisis.

>>54449947
We accidentally inflated all of our debt to literal pennies meaning we owe jack shit to other countries. And despite that there is still a huge employee gap that hasn't been filled. Something else to acknowledge is that WFH and AI has really shined a light on just how worthless the vast majority of white collar jobs really are.

>>54283979
What are you a poorfag.

>>54272628
Why do you sound poor?

>>54194111
Agreed just pay some poor SOB to f8ght in your place and sit on the sidelines supporting both sides. US War profiteering is back in vogue!

>>54167121
>>54168646
>300 billion
OH NO BIG SCARY NUMBER WHAT PERCENTAGE IS THAT!!!
>3.6%
>3.6%
>3.6%
...
Get this gay shit out of here and bring me a real black swan to buy you faggots!

>>54166496
You tell em.

>not just buying and holding the index and riding inflation to the moon
Listen plebian just because most people can't afford 10,000 dollar bread doesn't mean I won't be able to afford it.

>>54153178
>>54153508
JP Morgan was a Mortal Kombat Character. Careful though this info isn't even on the iceburg.