by Jim Sinclair
Jim Sinclair’s Commentary
There are no Morgans in JP Morgan and no Goldmans in Goldman. There is no loyalty to the grand old names, only loyalty to self interest in the New Normal. Now, if you got this report purely from number crunchers and not enemies what would you do with your own money in JP Morgan and Goldman? You got it, run to gold and silver. It is happening and hiding in plain sight.
I recently told you even I am terrified of what is coming financially. This type of public news only stokes my concern for you and I. This kind of information should motivate their employees to vote for “Bernie Free Things.” Remember Bear Sterns, where there was no Bear or Sterns, canned 14,000 employees in one push of the send button.