JP Morgan: America's Largest Bank: Thy Name Is The Definition Of Duplicity & Hypocrisy

Almost no one trusts bankers in today's world especially the ones working within the banks currently, over the last few years. 

Let's analyze based on information within the last 30 days why JP Morgan, America's largest bank, is the very definition of duplicity, deceit and hypocrisy, almost to the level of cheating and criminal activity.

Last month on 4th of Feb 2019, JP Morgan released a research report for their clients suggesting the following for China's economy:

1. Scaring investors by suggesting that China is a zombie economy. The very definition of zombie is that it will collapse or worsen in the months and years ahead.

2. Scaring investors that China will need to follow ZIRP - Zero Interest Rate Policy - which means that things will get so bad, as they did in USA in 2008, that the Govt of China will need to bring the rates of interest to ZERO because so many businesses will be going bankrupt that the economy and banks will come to a grinding halt and need all the Govt support.

Therefore, it will become important to bring interest rates to zero so that the lending by banks may continue which is important for any economy to grow, once it gets into a collapse mode due to massive job cuts, company closures, corporate defaults, real estate declines, banking crisis etc.

And that the Govt of China will need to sell some or many of the state owned enterprises.

This is JP Morgan bank's own prediction.

They also advised their clients that this will be due to massive debt (and hence solvency problems) in all or majority state owned enterprises and in their corporate sector which is pretty much everything in the Chinese economy.

3. They further advised their clients that China will remain the second largest economy for "much longer" than previously suggested instead of beating America in total GDP because their growth will decline rapidly.

It is worthwhile to note here that China has already beaten USA on a much better measure that is PPP (Purchasing Power Parity) basis in GDP a few years ago, because that's a measure on how much money is spent in an economy that means more spending, more jobs, more demand, more tax revenues and more profits for all instead of a static GDP number comparison.

This website businessinsider.com (in the link below) is also an American cheerleader site and they are so wrong and hypocritical all the time because they always promote that China is going to collapse since the last decade.

Whereas all the world's largest bankruptcies of Toys R Us, PG&E Utility, Bon Ton, Sears, Hedge Funds, Enron, Lehman, Bear Stearns etc are 80% in USA and remainder in Europe like Espirito Santo, Alitalia, HSH Nordbank etc but nothing of that comparable size in China, nothing even half that size nor quarter the size, not even one comparable to that size.

In addition, JP Morgan, instead of looking inwards at collapsing corporations in America, they suggest that Chinese corporations will collapse.

4 Feb 2019: China's 'zombie' companies are a big threat to the economy — and JPMorgan says their debt pile means the country could be slowing faster than anyone thought

After informing their clients as above, guess what JP Morgan announced on 28 Feb, 2019?

They want to go and manage the money of the these "broke" & "zombie" Chinese who are going to be "insolvent" in the near future!!

28 Feb 2019: JPMorgan Considering China Onshore Private Bank Business

Their CEO of Asia Private Bank said they will start new private bank in China soon.

"The New York-based bank is doing a “feasibility study” on China’s onshore wealth business as part of broader plans to expand in the nation, said Kam Shing Kwang, chief executive officer of JPMorgan’s private banking business in Asia. Deliberations are at an early stage and any business would start “not in the distant future,” she said, declining to elaborate."

Our advice to JP Morgan CEO: Just listen to your own research department. That's what you tell ALL your millions of clients who follow your guidance. Don't go to China, they are all bankrupt there or soon will be!

Why bother doing any more research?

Call or email your internal analyst colleague and use their research. It's so very simple.

Can you imagine whether JP Morgan would go and do business in Syria or Venezuela or Zimbabwe all of whom are collapsing, all their companies are collapsing and are exactly the same "zombies" that JP Morgan themselves expects China to become?

Now back to reality.

What kind of outright dimwitted criminals are these bankers? 

Why can't the SEC or any regulator ban their research department and fire them all?

What exactly is the job of a regulator? : Is it to oversee and watch their largest banks lie openly and cheat the people out of their hard earned money and do exactly the OPPOSITE of what they advise their clients?

Why have a regulator in the first place?

Let bankers visit your house, point a gun and take all your money, much easier and simpler for all concerned.

Who needs these pesky cops, regulators, central bank rules and compliance managers? Let's fire them all!

In the words of JP Morgan bank, China is going broke and it is a zombie economy and interest rates will go to zero (and take all share prices, real estate values etc down to bankruptcy stage), but within days the same JP Morgan wants to go manage the money of "bankrupt" people!?

By definition: bankrupt people don't have any money, that's why they are zombies, insolvent, highest debt that cannot be paid or have assets whose value is declining rapidly etc.

Now back to reality, again.

Or don't lie and tell your clients (who generate revenues, profits and bonuses for you and pay your salaries) that China is a "zombie', Govt owned companies will need to be sold, interest rates will go to zero, debt is unpayable because it's the highest in the world (which on a per capita basis it is not, plus they have over 3 trillion dollars in reserves which no one else has, not even all the countries combined have 3 trillion plus in reserves) etc. 

Because it is nothing at all like that, which is why you are planning to rush in and hire a large number of employees to manage their money. 

Stop lying and mention facts in your research for a change!

Lying and cheating by JP Morgan-like American companies is so blatant and open now that even the regulators seem to have given up.

Even shysters and scamsters have more brainpower than the bankers of today.

No wonder no one believes the bankers or useless and silly acronym based degree holding research analysts touting their investment skills any more, who simply have not been trained to use logical reasoning and deduction and see the real world around them as it is.

They believe that all their clients are stupid and clients are certainly not stupid because they have the money not the bankers. 

But the desire to cheat their own clients while enriching themselves supersedes any morality or ethics that bankers in the years gone past had. 

That is why it is imperative to have a family office or an independent adviser, paid by the client, whom you can trust implicitly to take care of your finances or discuss ideas without any agenda set by a bank or a bank boss, rather than a person working inside a bank who has "targets" to achieve by any means possible and is under tremendous stress on a daily basis as to when he or she will be fired.

That is where we are in the ever changing and thoroughly corrupted world of banking and investments as on date.

So please be ware of any research saying this or that and use your own mind and verify from multiple sources and do what suits you individually to meet your own goals and requirements.

May God help the clients of JP Morgan and other such banks!