CEO of JPMorgan says you don’t need to know how banking works, it’s like an airliner engine, too complex to explain, just shut up and pay us.

Jamie Dimon in Davos Switzerland today explaining why people don’t need to know what’s going on in the banking world. It’s too “complex.” Just know that their fee comes from managing this ball of financial confusion. And that’s all you need to know.

There, don’t you feel better? I mean it’s not like the world bailed out the whole banking system or anything. We should have faith.

22 comments
AndrewMyers
AndrewMyers

Jet engines are not that complicated to understand. You are taught in school how they essentially work but you don't have the same situation for money creation, economic theory (which doesn't work anyway) and banking. There is a Roman maxim of law: Veritas simplex oratio est. This means the language of truth is simple; anything complicated has the greatest potential to involve deception. There is much talk of this being the case and the fact that all this is hitting mainstream and that he's now defending the banks (or trying to) speaks volumes.

jimmem
jimmem

BS  I know how a jet engine works. When the owner puts in crap fuel after charging the customer of good fuel, it still craps out.

ChiranjibMohanty
ChiranjibMohanty

 It is not a complete course but is aimed at the Spanish speaking person “who knows some English and who wants to take a few steps forward”. It presents the principal “claves” or essential points dealing with the most common errors.

orville
orville

Anyone know where this quote originated every link i have found leads back here

Mile
Mile

Let’s get it straight. The Illuminati control both sides. The Illuminati (Talmudic Kabalistic Luciferians) always have their people on both sides of the fence. They run this tapestry called the world community with an agent strategically placed within a controlling position in EVERY nation in the world. Some argue that the Asian secret societies (the Triads) are independent from the Illuminati, and have their own agenda, but they are similar to the Illuminati in operation and just as hateful. There is a lot of talk right now about Chavez (president of Venezuela) being anti-Illuminati or Putin (dictator of Russia) being anti-Illuminati and even of China being anti-Illuminati. Get real. Chavez, Putin and China’s Communist Party are the left arm of the Illuminati (our own putrid leaders are the right) – they both serve the same masters. Now let’s get to the nitty gritty. Conspiracy theory plants want to make you believe Putin, Chavez, Castro, Hu Jintao, Al Assaad of Syria or Amendinijad of Iran are targeted enemies of the Illuminati. NONSENSE! Suspiciously, all of the above names have either a direct or indirect connection to the Illuminati Marxist Socialist Conspiracy (which is scheduled to bury us during the first half of this century). For the record, the Marxist Socialist Conspiracy is the most blood-drenched conspiracy in the history of mankind. But we are supposed to believe these are the good guys!?!? You’ve got to be kidding!! Check it out: the Illuminati are now brainwashing us into accepting the Communists as our saviors! If we start really believing this, then our reasoning process is in deep trouble. Putin and Obama, Hu Jintao and Angela Merkel, Netanyahu and Amedinijad….are all on the same freaking train!!! They are all on the same side!!! If the mass of the conspiracy community starts believing otherwise, then Illuminati brainwashing has reached new heights of perfection. The Illuminati have planted their people in our Conspiracy movements not so much to lie as to distracting and mislead our minds. If you believe Putin, Amedinijad, Chavez and Hu Jintao are our last best hope, then you have been severely misled. If your main focus is FEMA, HAARP and the UN, then you have been distracted from the really big Illuminati operation The countries of the Middle East are run by intelligence assets whose agencies themselves are puppets of either the CIA, MI6 or the KGB. Clinton was CIA, Bush was CIA, Bush Jr. was CIA…Obama is CIA! Clear now? At the immediate secondary levels of the CIA are the positions of real power and in those positions of power are men from Wall Street. On the other side of the coin (or game board) we have Putin, who is KGB…as are Castro and Chavez. Starting to see the whole picture now? World leaders are at present nothing but intelligence assets carrying out the secret Illuminati agenda through their respective intelligence agencies. A lot of Iranians are accusing their own President Amedinijad of being a crypto-zionist and an enemy agent who seeks the destruction of Iran. Amedinijad has been directly and vocally accused of this in public by fellow officials. What has he done about it? He has avoided the issue, ignoring the accusations completely. Is that really surprising? Yes – the Illuminati have their people on both sides. They know they need to control both sides of the equation in order to control the whole equation. And the upcoming equation…is war. Never doubt for a minute that the Illuminati ‘leaders’ are already placed on BOTH sides of the upcoming war – in Iran and America, in Israel and NATO…and Russia…and China. Whatever happens in that war will be by design. And the design will have as its purpose the beginning of the social, economic and political destruction of the present world order… …in order to bring in the next.

jefferson67
jefferson67

why isn't this guy in a prison some were?

IRAsGOLD
IRAsGOLD

I am still laughing at the title. That video was great. He won't be running for president any time in the near future. LOL. 

 

Best Regards,

 @irasgold 

http://irasgold.com

Curtis Owens
Curtis Owens

The people who have been hurt by these guys deserve to find out how it works in every detail.

Curtis Owens
Curtis Owens

but many people can understand how an engine works. it is actually quite simple when you get down to it. The difficulty arises when you try to optimize it. and if a company says that, they are doing something immoral or illegal and trying to hide it. It isnt too complicated. Its abusive.

jes2
jes2

"I agree with him" ???

 

Does she even know how her hair dryer works?

Ian Mackenzie
Ian Mackenzie

not what I learned in Business and accounting school, time to ship this man to GITMO with his crook DC politicians butt buddies

Jim Thurman
Jim Thurman

The CEO of JP Morgan belongs in prison...for life

Geo James
Geo James

He's the quintessential Bankster Piece of Shit. Dimon should get cancer and die.

OregonRazor
OregonRazor

I know how the lock on a jail cell works ....

George Mcfarlin
George Mcfarlin

Since his bank got bit in the butt by a $6 BILLION trading loss, I'd say his Trading Desk team feels likewise about his comments.

concernedcitizen1987
concernedcitizen1987

it's not complicated.. the banks make money from nothing, charge interest at high rates which can never, ever, be paid back, and the countries use their people as collateral.

 

Eventually, the people, countries and all our resources will be raped and devastated beyond the point of no return. Then, and only then, will we realize we cannot eat money. 

LittleJohn
LittleJohn

As an engineer I can tell you that a jet engine in principle is quite simple - how complicated you want to make it after that is entirerly up to you. The idea that the financial sector is complicated and thus you plebs cannot understand it is the language of a fraudster.

Robert Griffis
Robert Griffis

It's not that complicated. He's hiding something.