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In a meeting with President Biden and other CEOs on Wednesday, JPMorgan Chase & Co (JPM) Chief Jamie Dimon warned that Congress failing to raise the debt ceiling would unleash calamity across the U.S. economy and lobbied to scrap the statutory deficit limit altogether.
Listing out five points in response to a question from the president, Dimon bluntly stated: “We should get rid of this debt ceiling.”
https://finance.yahoo.com/news/dimon-get-rid-of-debt-ceiling-132239347.html
Comment: The more they have, the more they have to lose. And they have a LOT to lose. Unless they have a little Gold stash for insurance. They have all their money in vulnerable assets that depend on the status quo to continue.
@Maddog, Agreed.
I’m leaving The Game Now. Going Outside. Happy Mining All.