As you can see Morgan Stanley is the weak link, 50% reduction, year over year in revenues. That is MASSIVE. When the next liquidity/credit crisis arives the banking structure will consolidate by eating MS (much like they did Lehman). Effectively, the others will eat it (JP Morgan, Citi, Goldman).
Now, my concern is not MS - I've known for a while that they were the most vulnerable of the large bank (in America).
My real concern is that what comes next will be what truly reshapes the landscape for America and the world.
It's loss in revenue is amongs the worst and the loses are centered around 2 primary portions of its balance sheet.
1) Subprime mortgages and very importantly, the large court costs and settlements they are incurring to due widespread fraud.
2) SILVER SHORT POSITIONS
Blythe Masters and Jamie Dimon spend half their days cleaning up after the mess they make pissing all over themselves trying to cover these loses and naked short positions.
We are approaching the time where a crisis can be FORCED onto JP Morgan through concerted action.
Make absolutely no mistake about it. Central banks are buying gold and small investors are buying silver.
WE ARE KILLING JP MORGAN BY A MILLION CUTS. They are having to expend incredible amounts of energy and resources to keep a lid on this COMEX driven charade.
These cuts will not stop. They know this, they are merely delaying the inevitable.
It is time to stop playing with kitchen knives and start playing with machetes and hacksaws.
If you truly believe in sound money and freedom - the time to act is now. The proverbial window is closing. These are some of the most ruthless power structures in the world. It is possible to be ruthless through peace. ACT LIKE IT. There is no longer any other option.