Monday, April 11, 2011

JP Morgan CEO, Destroyer Of Worlds, Talks Of How Regulation Will Destroy America

"I cannot accept your canon that we are to judge Pope and King unlike other men with a favourable presumption that they did no wrong. If there is any presumption, it is the other way, against the holders of power, increasing as the power increases. Historic responsibility has to make up for the want of legal responsibility. Power tends to corrupt, and absolute power corrupts absolutely. Great men are almost always bad men, even when they exercise influence and not authority, still more when you superadd the tendency or certainty of corruption by full authority. There is no worse heresy than the fact that the office sanctifies the holder of it. " -- John Dalberg-Acton

I have a major problem with many conspiracy theorists who propose that this environment is a global grand plan of elites to take over the world, enslave us all, start killing people through population control and all of the other generally ridiculous assignments of brilliance to people who truly are idiots.  Do people who seek power wish to assert their own control over others?  Sure.  But there is no global cabal seeking to foist some anti-Christ upon us.  Every thug throughout history was ruthless and predatory but that doesn’t mean they were brilliant.  They are brilliant at shitting all over their fellow man to get to where they are and then ruthlessly holding power once they get it.   These people are massively deluded by their own ignorance, confusing their misplaced self-aggrandizing beliefs with intelligence.   People who seek power are ruthless power whores who are substantially or completely blinded by their massively distorted sense of self.   These and others are at least narcissistic and often sociopaths. 

If there is one thing I could impress upon people who read this blog, is if you don’t already understand this fact, it is to come to grips to is that people who seek power are not more capable at anything other than shitting on other people.  I have hammered this point home incessantly over the years.  I have never worked with Jamie Dimon but I have acquaintances that have worked with him and his team.  He is no great brilliant mind.  He has a mind that seeks power.   The human mind cannot seek truth if it is attempting to seek power.  Power deludes and those who seek it are farther from truth than anyone else in society.  Anyone who seeks dominion over their fellow man is never to be trusted.  Ever.    There is no morally-legitimate reason any human being would want to gain power or control over another.  Ever.  I don’t care if that is a spousal relationship or someone who can’t wait to be a first level manager at McDonalds or the CEO of JP Morgan Chase.

Jamie Dimon’s ego is only superceded by his ignorance.  That Dimon believes regulating the $600 trillion derivatives market will hurt America shows how absolutely ignorant he is.   He has turned banks that are given special privilege to develop our citizens into a casino that takes risks he has no idea how to quantify.  Zero.  How deluded his mind is to the truth.  That truth is he and others like him have destroyed our country and that we don’t need to regulate what he and others are doing, we need to ban what they are doing.   The government seeks to regulate rather than ban because of outright corruption and because Wall Street’s casino is perceived as a source of substantial tax revenues. 

Dimon is surely a good bureaucrat.  He knows how to tell people what to do, build self-serving empires off of the backs of the creativity and hard work of other people and then beat his chest about how great a job he did because JP Morgan didn’t need a Treasury bailout in the 2008 collapse.  What he didn’t tell you is if the government didn’t plunk down $25 trillion to bail out all of his counterparties, JP Morgan would have completely collapsed due to his incompetence.

Frankly, what is the difference between Jamie Dimon, Lloyd Blankfein, Muammar Gaddafi, Saddam Hussein or King Abdul Aziz?  Do we really know what those who seek power in our country are capable of if they didn’t have some democratic check on their power?  We already know through leaks that during the 2008 collapse that apparently the CEO of Goldman, Morgan Stanley or JP Morgan encouraged the government to essentially enforce martial law. 

If we limited the size of hegemonic economic power in the U.S.,  Jamie Dimon would likely be running a local Dairy Queen.  And that’s probably a pretty good job.  But he surely isn’t qualified to run a bank the size of JP Morgan.  No one is.  

Essentially, what I am saying is people like this are the man behind the curtain in the Wizard of Oz.   They build themselves up as powerful and brilliant because it serves their extremely insecure ego’s narcissistic need.  But yet they truly are weasels that only gain any personal satisfaction by taking (manipulation and control)  from others.  These people are no different than any of the thugs from history past.  And we should deal with them accordingly.  We need to rid ourselves of them by rooting out evil and voting them out of public office and then mandating to our new public servants that they enforce the laws of the land.  And that includes anti-trust laws. 

posted by TimingLogic at 9:10 AM