This is why JP Morgan is in deep doo doo.
Jamie Dimon was in China begging , BEGGING to save his company.
They are the counter party to a massive Chinese gold buyer who wants delivery of the metal and is not a speculator.
Janet Yellen was there also begging , BEGGING .
They cant deliver, they were begging for more time.
It ain't happening.
JP Morgan's imminent downfall could be the first serious domino to fall.
That's what ingrained arrogance gets you.
https://www.zerohedge.com/news/2024-07-11/gold-china-bull-beats-bullion-bank
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