Hello Steemit friends,
remember the words of Jamie Dimon published 12th of September:
“I’d fire them in a second. For two reasons: It’s against our rules, and they’re stupid. And both are dangerous.”
Today (or just days before) J. P. Morgan confirmed that they were buying Bitcoin on the cheap int the Bitcoin XBT tracker fund just for their customers not for themselves. Let's think about that that paradox.
The CEO of the same company who said things like that:
“It’s a fraud.”
and to give another of the many examples
“just not a real thing, (and) eventually it will be closed.”
allowed at the same time his employees to buy Bitcoin (which he calls a fraud!) for their customers.
What business man would do that in public? I raise the question:
Is such behaviour simply fraudulent or just stupid?
..allowing his employees(who should get fired by him) to buy Bitcoin (which he calls a fraud).
If you lead a business what do you think would that do for your reputation? It would be disastrous to tell one side the truth and the other side alternative facts (to use that artificial word since inception of Trump). You may do that once until the truth spreads among your customers, but what if you have that managed circle of people who may do that while they fully aware what will happen and support "good customers".. mmhh?
For me that is a market manipulation scheme with great effect for a bank because what he not mentioned for every transaction, whether it's buying into a fund for customers or something else they get fees. Fees are always the blood streams to stay alive for a bank and they are often very high. And it's not for sure that they just bought for customers.. who knows or who trusts someone who tell something and do otherwise.. it's the simplest thing we teach our children:
Don't lie!
Because if you lie, you loose all your trustworthiness, your reputation, your friends, your family.. and sometimes liars get crazy because they cannot distinguish the truth from the lie anymore. Eventually they live in a alternative reality! But does it care somebody.. mmh, i think NO!
Isn't that crazy what such people say and on the other side do?
We should just be aware that a new distribution of wealth is underway and that smart money beats always dumb money. I think J. P. Morgan did a logical move to maintain it's market position for the future and it was not the last one..
"What do you think about such behaviour and the possible effects?"
Stay strong and ignore the FUD spread by people who just profit from!
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