The concept of CO2 and carbon tax and more draught or less draught doesn't affect you? Why would a reporter who's job is to research and analyse not do just that...idiot reporter. Even though Jamie persisted with the concept of "Risk MITIGATION"
"Freedom and free enterprise are inextricably linked"said Jamie Dimon. What about free markets...Stop the manipulation of financial markets! 'Socialism is when government controls companies"...What is the name for when Government bail out companies!
The answer to your question is that everything that Government touches it turns to shit. These people in Congress are the biggest lairs and thieves in the Country. All their decisions are based on what's in it for THEM. They run to a microphone and preach how their working so hard to defend the Constitution, Democracy, and the American people. The truth is they don't care about this country and they hate Americans, that's why they are ripping this country out of OUR hands and giving it to illegal aliens for their votes and all WE THE PEOPLE get to do is pay for all the welfare. We are financing are own disenfranchisement, are votes will be meaningless (by design).
Disagreement is invaluable when it comes to commentators. I get nervous when it’s agreement all the way down on any issue. Some of his points are relatively valid - others less so, but I’m glad he didn’t just kiss the ring in a sense. He knows he was getting those looks, but he said them anyway.
Why isn't CNBC asking him about silver manipulation charges and how he managed to accumulate the largest physical silver position in this world's history (just under 70% I think). I would also ask if they are manipulating silver down to tame the price of gold and inflate fiat currency values cuz it's good business for banks.
No we understand but when companies get billed out every time they fail and we don’t get bailed out and we watch our dollar value decrease in banks and bigger corporations get bigger and bigger poor Americans lose we need to get our gold standard back to our money so Americans can actually have value and not the corrupt banks
You get unemployment insurance. Unless you never worked. Then you get welfare which will buy you a skanky bed in a halfway house room. Or you can chill with hoods in a homeless shelter if they don't kick you out.
Mr. Dimon, how much silver is under JPM's control ? Did you short sale gold/silver in massive amount of contracts(100,000 at once ?) then buy physical gold/silver at depressed price ? Is this illegal ? Pls answer.
So Jamie, what are your thoughts on Bitcoin? "You mean as a safe haven/store of value? ..Well, we're finding it a lot harder to manipulate than gold and silver prices . . however, given the current lack of regulatory clarity surrounding this new asset class we're hopeful that our submission to re-define the terms 'manipulation' & 'racketeering' will save us a bit of trouble in the future..."
Put interest rates back to 6% for savers, stop printing money, stop stock buy backs on free money, and not only balance the budget but reduce it and see what happens. $23 trillion debt $100 trillion unfunded liabilities or more? Go back to the legit ways of counting unemployment etc...
Not going to happen as long as we continue the money pumping into the markets. That’s what companies want which keeps everything going and the economy humming. We already live in a socialist country. Just socialism mostly for companies, not the people. I don’t agree with this, but your approach instead but the government wants to keep everything going for as long as possible which has never been the case before. After 2008, the government decided to keep everything controlled and going.
If the economy is so great, then why the Fed keeps on lowering interest rates, not to mention continue pumping billions after billions into the repo market?
They have not been lowering rates until recently. If you recall there were 4 rate hikes after just 18 months in office. Obama never had one rate hike in 8 years. This economy is offthe charts, everyone can see it now.
It is hard to raise interest rates when you have so much debt. The plan is to stimulate the economy more to get 4% growth and use that to pay off the debt then raise interest rates to normal but the question is will inflation ever come up and cancel the party.
@petercom12 hey honest question. Do you really think inflation is low? I'm not talking about the government's official number, using the CPI deflator, I'm talking about your personal life experience, your own cost of living. I've been asking all my peers and everyone tells me one thing, "everything has gotten so expensive!"
Why can’t you guys stop asking him dumb questions and stop interrupting him so he can speak freely? It is impossible to try to listen to your interviews. Lay off the coffee.
They're just pressing him on his answers, which is what a real interviewer should do. You'd prefer he just talk uninterrupted, like a monologue, with a few standard questions thrown in?
@@SpookyApparition they should let Jamie answer first and THEN ask follow up questions. The guy on the left (I think his name is Joe?) thinks this is a debate rather than an interview
@@robertdownes793 You're not listening. Which speaks volumes, as this is Joe Kernan's exact problem -- and it seems like a lot of people agree (including the other two CNBC anchors I might add; you can see the cringe on their faces when Kernan speaks). Ask a question. Listen for more than just five seconds. Then ask follow up questions. Go watch some of the Bloomberg coverage of Davos. They don't seem to have this issue.
There are no bailouts in capitalism, only socialism.
4 года назад+6
That's false. All socialists have shown contempt for the bailouts. They are neither capitalism or socialism, but it is power structures created by capitalism that allows them.
@Mathew - Obama was a socialist who helped implement them so no that is wrong. It is only because we have moved so far to the left the past 100 years that the bailouts were able to happen.
My Money completely wrong...JP Morgan is among the very few major banks which would’ve survived the financial issues without any sort of bailout. The bailout was given to them in order to finance the forceful acquisitions of distressed companies like Bear Sterns, Washington Mutual and many more of them. As I’ve mentioned in the previous comment here, if it wasn’t for the government, all of these companies would’ve gone bankrupt and been purchased for even lower amounts and without any government bailout. Eventually, this would’ve probably meant that, as always in true capitalism, entrepreneurs and financial institutions of smaller scale would’ve had access to many distressed assets to purchase at a lower price too, leading to creation of new bigger enterprises and much healthier economic order. It would be healthier due to the fact that all of the major banks would’ve been around while the new competitors would’ve challenged their absolute domination over the system.
@ Non-socialists also shown contempt for bailouts, so that by itself doesnt say much.. But bailouts are sill a feature of socialism, not a free market.
And why was Bix Weir not at this table ? It would have been appropriate - Bix is a long time friend of Jamie, and I'm sure he would have raised some fantastic points for discussion, such as how come Jamie is not in jail.
Debt has slowed growth and is only getting worse, the snake 🐍 is eating its own tail. Carbon tax lol smaller car I’d like to see these guys cars, houses, planes.
As always, Joe Kernen pays no respect to his guest. He always asks wired questions with an bad attitude. It is painful to watch. He does not deserve a seat in CNBC. It is shameful CNBC continues to let him do it, destroying CNBC's reputation. But I do like Andrew, Becky, and many other young reporters. Keep up good work. Time will beats Joe.
Notice all the of Dimon's answers are basically that we have to 'coordinate' better.' But 'better' is always in the same Keynesian Cage that killed off Free Market and ushered in the rigged 'steal everything in sight that isn't nailed down' mentality. P.S. If Jamie and the Squawks doesn't do it for you, there's always Greta von Screech, Climate Queen.
Robert Huismans Of course. He is the head of a bank. He can make all the risky bets he wants because he knows his bank is “too big to fail” and the Fed and US taxpayers will always bail out his bank if they lose any bets and cause another recession/depression. He is basically in a casino spinning the roulette wheel over and over again without worrying about the risk, because it’s impossible for his bank to go out of business because it is guaranteed by the Fed/government. Big banks have no “skin in the game.” It is crony capitalism. Socialism for banks, but not for people.
Seriously. I’m pretty convinced you cannot plan an economy. Im on Milton Friedman’s side where monetary policy should be based off of an equation to create the necessary capital for a growing economy. Jamie Dimon is pretty damn brilliant though.
One thing I don't like about Dimon is that he is wayyy toooo optimistic about the economy. He is telling us whats good in the economy.. not whats bad which is worth mentioning.
After talking about helping kids and improving education in inner cities, sustainable investing, income tax credits for people that need it the most, universal health care, thats all you have to fucking say? why do you think he should be in jail?
phoenixkhost 🤦♂️ Venezuela is not a socialist country, hasn’t been for quite some time. They had some socialist policies but then Chavez died and Maduro became a dictator. Also, every single first world nation has social programs and they are doing just fine.
@phoenixkhost you are the one to move the goal posts, we are talking about this video and this policy. socialism is a very broad term. america has socialism NOW they have it for bankers and financiers. if you cant see that we need investment in social security, health care and increased investment in new tech, then what do you want?
phoenixkhost Chávez made the mistake to nationalism industries and then just literally pass the money to social programs instead of investing the money, diversity it and then create social programs. Chavez didn’t want to do the hard part= explain why the money will not be seen by the public until maybe a decade after. Once again how the fuck other first world nations can have social programs better than the USA but the USA is is the greatest country in the world LOL.
phoenixkhost Mexico has nationalized their oil industry and we don’t call it a socialist nation. UK has a socialist health system and we don’t call it socialist. There is a level for everything. In the USA we have a socialized retirement system, a socialized park system, cops, firefighters, k-12... we already have socialism in the USA. A little more is all we need.
phoenixkhost so you really think democrats want to nationalized their entire country? LOL. Mexico until very recently has allowed the extraction of oil by others. The government owns, drilled and refined the oil since the Expropiación Petronila. So in the case of the UK, where they have a single paying system? Are they socialist? Because those are the kind of socialist policies Democrats want to push in the US. I don’t know where you get this idea that we want to turn the USA into a Cuba or Venezuela
PLAN B if it was up to them(bankers), they would’ve let those companies go completely bankrupt like Lehman did...and purchase their parts subsequently for no cost which is much better and natural. However, the crooked government stepped in to subsidize and additionally leverage up the system, thus concentrating capital within very marginal number of institutions. The proof is obvious in the amount of the accumulated debt over time which has not been reversed ever since the financial disaster of 2006-2010
Carbon tax should be paid by the customer though not the company. For example if you tax an energy company directly, that just taxes the U.S. companies that get priced out of the market and we import fuel from countries that have even more emissions than we did to begin with. Total world emissions are all that matters.
@phoenixkhost What does that have to do with Jamie Dimon's leadership @ JPMC when his company was "forced" to accept a $400BUSD bailout or crash the American economy?
I think that beeping earpiece was no accident. They wanted him to take it out so they could sandbag him with questions we all want answered ad-libbed lol
The citizens should pay the tax to clean up what the capital/corporate side dumped in the garbage dump. Not the businesses, banks and individuals that made the mess in the first place.
But, you have to admit if your getting those tax cuts don't expect government to train your workers and build the infrastructure you want?....we should be reducing service not increasing them. Is it short term, yes, but its what you wanted.
@phoenixkhost nope, look at any country with more extreme capitalism than the usa. Shit goes down hill. Liberia or go back and look at 19th century america. shit goes down hill quick.... if you want a stable society you need $$$ invested into helping people not too shoot each other in the face or enslave people to mine cobalt so you can buy a toyota land-cruiser with some guns.
@phoenixkhost phoenixkhost I like growing my own food in my garden near my FREE new 3 bedroom apartment. I DON'T like being alone in debt for 200 years for education, medicine and house.
"A basic principle of modern state capitalism is that costs and risks are socialized to the extent possible, while profit is privatized." - Noam Chomsky, “Hopes and Prospects," 2010, p. 114 ----------------- Socialism of the Rich, Capitalism for the Rest. ruclips.net/video/pmdivrgllf4/видео.html ----------------- An attack on socialism is an attack on the U.S. Military: The Most Socialist U.S. Institution, ruclips.net/video/0aqlioa6nFw/видео.html ----------------- The NFL is a Socialist Enterprise, Wolf Éirinn. ruclips.net/video/Qb0UNRl-paQ/видео.html ----------------- What we have in America today is corporate socialism, Crony Capitalism - American Style, - David Cay Johnston, author and columnist, Umediastudios, Dec 15, 2011, ruclips.net/video/zaKYPn0zJKc/видео.html ----------------- NFL Socialism. ruclips.net/video/cTVKt250MO4/видео.html ----------------- Donald Trump's favorite form of socialism. Socialism that benefits him. President Donald Trump's Golf Socialism, Mar 1, 2019, ruclips.net/video/PaLC2rK-vi4/видео.html -----------------
Would love to see a update from Jamie Dimon on todays economy, a year after this was recorded. And the carbon tax is what's caused our gas prices to double. When Biden rejoined the Paris Agreement, we lost 24% of using our own resources and are buying if now.
Do you think it's the fiscal policy or monetary policy that is driving this? What a stupid question. We have a trillion dollar federal deficit and 30 years of monetary easing. If interest rates were to normalize and we didn't have a federal deficit we would be in a recession tomorrow. Secondly, the Fed is only supposed to have the job of maximizing employment and keeping inflation low; not help with fiscal policy.
Genologic yup. Goes to the bank, the bank lends against it and makes a fortune. All the elites are using climate change as a way to perpetuate fear to the people in order to extort them.
I just wrote the same thing, without seeing your post! Thank God that people are waking up to the scam! Cleaning the environment is FANTASTIC! Taxing us all for the benefit of the few is wrong! Don't think just taxing the evil dirty energy companies will be great! It will raise the costs of everything, EVERYTHING.
Jamie is a legendary banker. I have utmost respect for him. He's one of my idols amount corporate executive. Very few people in corporate America have such indept knowledge about finance and investment.
He needs to get a class in socialism. Govt giving banks 700B after banks tricked general population by giving sub prime mortgages (after circumventing prior rules) is Socialism. Govt spending on healthcare of general population, FROM THE TAXES PAID BY THE POPULATION is NOT socialism
Constant competitive economic survival isn’t meant for humans to co exist and live harmoniously. Constant competitive economic survival mode creates nothing but chronic stress to the human mind and human body
I am not seeing most of the channels to which I am subscribed yet I am constantly getting cnbc to which I am not subscribed. Oh RUclips, RUclips, RUclips.
It's not fair comment to East regarding pollution, East also following same path which is west done in the past that is Industrialisation . The thing is East has to suggest as a big brother to youngest, like how we can minimise Co2. Ofcourse some countries building infrastructure rapidly along borders and trying to control nature. I think USA ancestors allready worked on this, just we have to search for where it was hidden.
It's amazing how Jamie Dimon just brushes off Joe's insults and attacks. That is the sign of a true leader. He can see how worked up Joe is getting and doesn't escalate the situation. Don't get me wrong, I love Joe's attitude and personality, nobody is perfect, he's funny a lot of the time, he just hates the whole climate thing. Great interview.
Kernen is abysmal. Buffett endorsed the carbon tax like a decade ago. Basic idea is to make the externalities of pollution be reflected in prices and then let the market work.
It is interesting that all these rich guys are for increase of minimum wage. You would wonder why? One thing comes to mind is that artificial minimum wage gives more edge to the big business because it raises cost for the small business to start a new business. At the end the big guys always come together to agree to look after their own interest.
Which companies work better as socialist? Fire companies, police companies and military companies. Obviously you can add health care in this. The argument that good care will be gone makes as much sense as saying firemen don't work as hard as they did back in the 1880's
So he's saying he favours a Carbon Tax (for using the harmless and totally useful and beneficial element that is carbon) BUT "with a Carbon Dividend" - so we give money to the Carbon Tax and then we get it back again in the form of a "Carbon Dividend". That makes it more palatable to the people and to congress.
I hate the idea of a carbon tax but the way he spoke of it being put back to the home owner is an intelligent idea especially on new construction. I just watched a program about a 5,000 sq ft house in Canada that only requires 20,000 btu's to heat! That's unheard of but would make a huge difference!
@@heyhey-by4xo Some of these energy saving measures are of course legitimate, but the overall Agenda 2030 plan that they have is not. They mix truth and lies to lead people down the wrong path.
![CHILE vs. BRASIL [1-2] | RESUMEN | ELIMINATORIAS SUDAMERICANAS | FECHA 9](http://i.ytimg.com/vi/5ObJt_71AYc/mqdefault.jpg)
Why is Joe on this show. He thinks the viewers want to hear his voice over the guests.
Amazed at how poorly the questions were being asked by CNBC. Not interested in really understanding the issues and looking for soundbites only. Sad.
You acted like the questioned are not preapproved.
The concept of CO2 and carbon tax and more draught or less draught doesn't affect you? Why would a reporter who's job is to research and analyse not do just that...idiot reporter. Even though Jamie persisted with the concept of "Risk MITIGATION"
He had perfect responses for everything ! No hesitation!
Why are interviewers dressed like Eskimos and JD like he is sitting in a 75 degrees room. Fake much.
fitnesspoint2006
Hahahahaha
Not
Real
Good observation! Talk abut fake news!! Sovereign debt is a bubble but Jamie - that’s what’s driving the market
He’s the devil, it’s always hot for him.
lol these overpaid business talking heads. Let them camp out in the Davos Wilderness and use their billions of cash reserves for their campfire.
they are there all the day, and perhaps it is not so called as for a few minutes talk
This guy owes me a 102 dollars in overdraft fees
😄 Thats how they make such great profit take a little out of each account at the end of the day it all adds up.
Socialism for him but not everyone else
🤣🤣🤣
And you own him about a billion dollars in taxes
hahahahah love it
"Freedom and free enterprise are inextricably linked"said Jamie Dimon. What about free markets...Stop the manipulation of financial markets!
'Socialism is when government controls companies"...What is the name for when Government bail out companies!
Lol
Corporate Socialism aka Capitalism.
FX DF why do t they ask this vampire about the billions the feds pumping into the repo
The answer to your question is that everything that Government touches it turns to shit. These people in Congress are the biggest lairs and thieves in the Country. All their decisions are based on what's in it for THEM. They run to a microphone and preach how their working so hard to defend the Constitution, Democracy, and the American people. The truth is they don't care about this country and they hate Americans, that's why they are ripping this country out of OUR hands and giving it to illegal aliens for their votes and all WE THE PEOPLE get to do is pay for all the welfare. We are financing are own disenfranchisement, are votes will be meaningless (by design).
Dimon doesn’t understand anything.
Notice those funny looks by Becky and Andrew when Joe starts denying the CO2 problem. lol
Sounds like he spends a lot of time reading pseudo science
Also, Joe Kernan appears very uncomfortable with every smart person they interview in Davos. Joe just doesn't understand higher level of thinking.
You should have seen Joe start with James Gorman. Joe is basically CNBC's embarrassing grandfather everybody else wishes would shut up
MV Alexandra this 👏🏻👏🏻👏🏻
Disagreement is invaluable when it comes to commentators. I get nervous when it’s agreement all the way down on any issue. Some of his points are relatively valid - others less so, but I’m glad he didn’t just kiss the ring in a sense. He knows he was getting those looks, but he said them anyway.
Why isn't CNBC asking him about silver manipulation charges and how he managed to accumulate the largest physical silver position in this world's history (just under 70% I think). I would also ask if they are manipulating silver down to tame the price of gold and inflate fiat currency values cuz it's good business for banks.
man has such a cold heart he doesn't feel the cold in that climate.
Ain't these the reptilians they talk about? He probably had still warm baby blood for breakfast.
Have you ever been up in the mountains on a Sunny winter day with low ( or zero ) wind ?
@@server1ok absolutely not i am P O O R.
He's like 21 savage
No we understand but when companies get billed out every time they fail and we don’t get bailed out and we watch our dollar value decrease in banks and bigger corporations get bigger and bigger poor Americans lose we need to get our gold standard back to our money so Americans can actually have value and not the corrupt banks
Most companies don't get bailed out but remember Obama bailed the banks and manufacturers out which was wrong!
You get unemployment insurance. Unless you never worked. Then you get welfare which will buy you a skanky bed in a halfway house room. Or you can chill with hoods in a homeless shelter if they don't kick you out.
@@heyhey-by4xo are you sure about that?
Even when the government was paid back for bailouts in interest?
Mr. Dimon, how much silver is under JPM's control ?
Did you short sale gold/silver in massive amount of contracts(100,000 at once ?) then buy physical gold/silver at depressed price ? Is this illegal ?
Pls answer.
Not illegal for criminals
@@prince123338 Ho, ho, ho........
There's snow in the back, the interviewers are wearing coats, while Jamie is chilling like he was in Florida
He's a legend. Him and Trump had to join forces-- nothing beyond their reach. Imo.
So Jamie, what are your thoughts on Bitcoin? "You mean as a safe haven/store of value? ..Well, we're finding it a lot harder to manipulate than gold and silver prices . . however, given the current lack of regulatory clarity surrounding this new asset class we're hopeful that our submission to re-define the terms 'manipulation' & 'racketeering' will save us a bit of trouble in the future..."
CNBC...please please, get Joe off our screens!
If they took out Joe, they would just replace him with someone else to derail the conversation whenever someone wants to talk solutions. CNBC agenda?
I would love to see Jamie Dimon run for office in 2024!
Put interest rates back to 6% for savers, stop printing money, stop stock buy backs on free money, and not only balance the budget but reduce it and see what happens.
$23 trillion debt $100 trillion unfunded liabilities or more? Go back to the legit ways of counting unemployment etc...
Just buy stocks.
Not going to happen as long as we continue the money pumping into the markets. That’s what companies want which keeps everything going and the economy humming. We already live in a socialist country. Just socialism mostly for companies, not the people. I don’t agree with this, but your approach instead but the government wants to keep everything going for as long as possible which has never been the case before. After 2008, the government decided to keep everything controlled and going.
@@Vivra_Verra____ pm so lost reading your comment.
If the economy is so great, then why the Fed keeps on lowering interest rates, not to mention continue pumping billions after billions into the repo market?
Because they can't go back on this stock market bubble.
They have not been lowering rates until recently. If you recall there were 4 rate hikes after just 18 months in office. Obama never had one rate hike in 8 years. This economy is offthe charts, everyone can see it now.
It is hard to raise interest rates when you have so much debt. The plan is to stimulate the economy more to get 4% growth and use that to pay off the debt then raise interest rates to normal but the question is will inflation ever come up and cancel the party.
@petercom12 hey honest question. Do you really think inflation is low? I'm not talking about the government's official number, using the CPI deflator, I'm talking about your personal life experience, your own cost of living. I've been asking all my peers and everyone tells me one thing, "everything has gotten so expensive!"
@@chadsurles1736 looks like inflation just came around
Why can’t you guys stop asking him dumb questions and stop interrupting him so he can speak freely? It is impossible to try to listen to your interviews. Lay off the coffee.
They're just pressing him on his answers, which is what a real interviewer should do. You'd prefer he just talk uninterrupted, like a monologue, with a few standard questions thrown in?
@@SpookyApparition they should let Jamie answer first and THEN ask follow up questions. The guy on the left (I think his name is Joe?) thinks this is a debate rather than an interview
@@robertdownes793 You're not listening. Which speaks volumes, as this is Joe Kernan's exact problem -- and it seems like a lot of people agree (including the other two CNBC anchors I might add; you can see the cringe on their faces when Kernan speaks).
Ask a question. Listen for more than just five seconds. Then ask follow up questions. Go watch some of the Bloomberg coverage of Davos. They don't seem to have this issue.
CNBC really should fire this Joe fellow.
There are no bailouts in capitalism, only socialism.
That's false. All socialists have shown contempt for the bailouts. They are neither capitalism or socialism, but it is power structures created by capitalism that allows them.
Banks.
@Mathew - Obama was a socialist who helped implement them so no that is wrong. It is only because we have moved so far to the left the past 100 years that the bailouts were able to happen.
My Money completely wrong...JP Morgan is among the very few major banks which would’ve survived the financial issues without any sort of bailout. The bailout was given to them in order to finance the forceful acquisitions of distressed companies like Bear Sterns, Washington Mutual and many more of them. As I’ve mentioned in the previous comment here, if it wasn’t for the government, all of these companies would’ve gone bankrupt and been purchased for even lower amounts and without any government bailout.
Eventually, this would’ve probably meant that, as always in true capitalism, entrepreneurs and financial institutions of smaller scale would’ve had access to many distressed assets to purchase at a lower price too, leading to creation of new bigger enterprises and much healthier economic order. It would be healthier due to the fact that all of the major banks would’ve been around while the new competitors would’ve challenged their absolute domination over the system.
@ Non-socialists also shown contempt for bailouts, so that by itself doesnt say much.. But bailouts are sill a feature of socialism, not a free market.
He seems a little agitated during this interview
Maybe he’s cold lol.
I would be too if I was being constantly interrupted
He's getting really sick of the politicians inaction in our country.
He's not usually in a position to be questioned constantly. He's being exposed
Jamie just confirmed that Trump policies and leadership is working.
And why was Bix Weir not at this table ? It would have been appropriate - Bix is a long time friend of Jamie, and I'm sure he would have raised some fantastic points for discussion, such as how come Jamie is not in jail.
Debt has slowed growth and is only getting worse, the snake 🐍 is eating its own tail.
Carbon tax lol smaller car I’d like to see these guys cars, houses, planes.
As always, Joe Kernen pays no respect to his guest. He always asks wired questions with an bad attitude. It is painful to watch. He does not deserve a seat in CNBC. It is shameful CNBC continues to let him do it, destroying CNBC's reputation. But I do like Andrew, Becky, and many other young reporters. Keep up good work. Time will beats Joe.
When Jamie Dimon says go to the right.... rest assured you need to go to the left!
Just like Ben Bernanke
Absolutely. Look at his call on Bitcoin
Wow joe! I love your push back to highlight “carbon” means the colorless odorless gas of carbon dioxide! So many people don’t realize this.
So is carbon monoxide. But it's nice when people make arguments that illustrate that they have no clue what they're talking about.
The guy on the left is effing rude!
I didn't realise Dimon was such a Keynesian.
Nominal GDP targets must not be missed
LOL...you mean a slimy parasite surely...
Notice all the of Dimon's answers are basically that we have to 'coordinate' better.' But 'better' is always in the same Keynesian Cage that killed off Free Market and ushered in the rigged 'steal everything in sight that isn't nailed down' mentality. P.S. If Jamie and the Squawks doesn't do it for you, there's always Greta von Screech, Climate Queen.
Robert Huismans Of course. He is the head of a bank. He can make all the risky bets he wants because he knows his bank is “too big to fail” and the Fed and US taxpayers will always bail out his bank if they lose any bets and cause another recession/depression. He is basically in a casino spinning the roulette wheel over and over again without worrying about the risk, because it’s impossible for his bank to go out of business because it is guaranteed by the Fed/government. Big banks have no “skin in the game.” It is crony capitalism. Socialism for banks, but not for people.
Seriously. I’m pretty convinced you cannot plan an economy. Im on Milton Friedman’s side where monetary policy should be based off of an equation to create the necessary capital for a growing economy. Jamie Dimon is pretty damn brilliant though.
One thing is for sure - when Davis is cheery and optimistic, the world is about to crush! The Davis contrarian indicator.
One thing I don't like about Dimon is that he is wayyy toooo optimistic about the economy. He is telling us whats good in the economy.. not whats bad which is worth mentioning.
He did say sovereign debt is a bubble.
He should be in jail!
After talking about helping kids and improving education in inner cities, sustainable investing, income tax credits for people that need it the most, universal health care, thats all you have to fucking say? why do you think he should be in jail?
Socialism for CHASE, capitalism for everyone else.
Don’t forget JP MORGAN CHASE got $12 billion in bailout money!
phoenixkhost 🤦♂️ Venezuela is not a socialist country, hasn’t been for quite some time. They had some socialist policies but then Chavez died and Maduro became a dictator. Also, every single first world nation has social programs and they are doing just fine.
@phoenixkhost you are the one to move the goal posts, we are talking about this video and this policy.
socialism is a very broad term.
america has socialism NOW they have it for bankers and financiers.
if you cant see that we need investment in social security, health care and increased investment in new tech, then what do you want?
phoenixkhost Chávez made the mistake to nationalism industries and then just literally pass the money to social programs instead of investing the money, diversity it and then create social programs. Chavez didn’t want to do the hard part= explain why the money will not be seen by the public until maybe a decade after. Once again how the fuck other first world nations can have social programs better than the USA but the USA is is the greatest country in the world LOL.
phoenixkhost Mexico has nationalized their oil industry and we don’t call it a socialist nation. UK has a socialist health system and we don’t call it socialist. There is a level for everything. In the USA we have a socialized retirement system, a socialized park system, cops, firefighters, k-12... we already have socialism in the USA. A little more is all we need.
phoenixkhost so you really think democrats want to nationalized their entire country? LOL.
Mexico until very recently has allowed the extraction of oil by others. The government owns, drilled and refined the oil since the Expropiación Petronila. So in the case of the UK, where they have a single paying system? Are they socialist? Because those are the kind of socialist policies Democrats want to push in the US. I don’t know where you get this idea that we want to turn the USA into a Cuba or Venezuela
Next President of the US!
Oh too big to fail companies And banks gets bailed out. Yeah thats capitalism. Lol.
PLAN B if it was up to them(bankers), they would’ve let those companies go completely bankrupt like Lehman did...and purchase their parts subsequently for no cost which is much better and natural. However, the crooked government stepped in to subsidize and additionally leverage up the system, thus concentrating capital within very marginal number of institutions. The proof is obvious in the amount of the accumulated debt over time which has not been reversed ever since the financial disaster of 2006-2010
Joe has got to go.
Legendary. :D
I love how they look at him! :D
Carbon tax should be paid by the customer though not the company. For example if you tax an energy company directly, that just taxes the U.S. companies that get priced out of the market and we import fuel from countries that have even more emissions than we did to begin with. Total world emissions are all that matters.
JPM collected $1.8 billion in overdraft fees in 2017. Funny to hear him talk about widening income inequality and lower income students
Sooo when u guna ask about how much that repo money he got ffs. Puppet reporting
REPO comes in from front door, money goes out the back door to the stock market.
Exactly 💯❌💯
The repo is supposed to stop in April, lets see what happens then. My guess is they will extend it until the election is over.
9:32 politicians need to focus on who’s left behind? How about companies do that??
On one hand he says he wants universal healthcare. He then says “the government can’t run companies”
Who’s interviewing who? I got confused.
Robert Downes Maybe JP Morgan wouldn’t need a bailout in 2008 if they hired you.
why is "inner city" the victim? there are schools there. parents need to make sure the kids do their homework and obey the teacher.
The G6 or whatever you flew over here in 😂
I wouldn't trust a thing coming from this guys mouth!
I'm far left of dimon, but on economics i 100% agree with him.
We don't care
Jamie, how goes the thieving of old women's homes in KY?!
Did they pay their debts?
Jamie basically saying Everything is FINE...BUT!! HMMM.
Yea, everything was fine in Q2 2007 as well....according to people like him!
@phoenixkhost What does that have to do with Jamie Dimon's leadership @ JPMC when his company was "forced" to accept a $400BUSD bailout or crash the American economy?
@phoenixkhost Socialism no longer really exists, only its remains. But some things were much better back then such as economy.
@phoenixkhost I am a us citizen living in Peru. There are a million Venezolanos here! Just sayin'
The Emperor has no clothes.
Ha! If we don't get rid of these guys, we won't have any either.
I think that beeping earpiece was no accident. They wanted him to take it out so they could sandbag him with questions we all want answered ad-libbed lol
The citizens should pay the tax to clean up what the capital/corporate side dumped in the garbage dump. Not the businesses, banks and individuals that made the mess in the first place.
5:03 becky's having a stroke
This cnbc people dont let people answer questions, who is the expert??...
But, you have to admit if your getting those tax cuts don't expect government to train your workers and build the infrastructure you want?....we should be reducing service not increasing them. Is it short term, yes, but its what you wanted.
The economy is doing fine.........yeah tell that to the 23 trillions worth of debt.
He said sovereign debt bubbles....
@BIG HEAD Research "Junk bonds" and "Repo" yourself. The minute the FED stops pumping the music will stop.
Forget talking about what the government needs to do. Jamie what are you doing to help others???
What's the point of paying it if you "get it back" just sounds like another way for people to control how we live our lives and using money to do it
Jamie!🥰
One thing I disagree. Carbon tax. Tree need carbon dioxide. Driver need lower fuel cost. Eating my earnings, than I will withdraw my support.
bailouts and socialism for Jamie Dimon
CAPITALISM FOR YOU!
lol....
@phoenixkhost nope, look at any country with more extreme capitalism than the usa. Shit goes down hill.
Liberia or go back and look at 19th century america.
shit goes down hill quick.... if you want a stable society you need $$$ invested into helping people not too shoot each other in the face or enslave people to mine cobalt so you can buy a toyota land-cruiser with some guns.
@phoenixkhost phoenixkhost I like growing my own food in my garden near my FREE new 3 bedroom apartment. I DON'T like being alone in debt for 200 years for education, medicine and house.
@phoenixkhost LOL... you really are in la la land...
"A basic principle of modern state capitalism is that costs and risks are socialized to the extent possible, while profit is privatized." - Noam Chomsky, “Hopes and Prospects," 2010, p. 114
-----------------
Socialism of the Rich, Capitalism for the Rest. ruclips.net/video/pmdivrgllf4/видео.html
-----------------
An attack on socialism is an attack on the U.S. Military: The Most Socialist U.S. Institution, ruclips.net/video/0aqlioa6nFw/видео.html
-----------------
The NFL is a Socialist Enterprise, Wolf Éirinn. ruclips.net/video/Qb0UNRl-paQ/видео.html
-----------------
What we have in America today is corporate socialism, Crony Capitalism - American Style,
- David Cay Johnston, author and columnist, Umediastudios, Dec 15, 2011, ruclips.net/video/zaKYPn0zJKc/видео.html
-----------------
NFL Socialism. ruclips.net/video/cTVKt250MO4/видео.html
-----------------
Donald Trump's favorite form of socialism. Socialism that benefits him. President Donald Trump's Golf Socialism, Mar 1, 2019, ruclips.net/video/PaLC2rK-vi4/видео.html
-----------------
No. Capitalism for them. Socialism for us
“Things are working” nuff said!! #Trump2020
Bloomberg 2020. things will actually work and climate change will be addressed
Grant Ferdinandsen Most family and friends received the biggest bonus in 2019. Some been with their companies for decades. Bye chump!
Man, if only we could go back to Jan. 2020.
Economy is fine lol Who you trying to fool Demon I mean dimon
Real One what do you consider a good economy?
Economy is GREAT for fatcat investors like himself.
Would love to see a update from Jamie Dimon on todays economy, a year after this was recorded. And the carbon tax is what's caused our gas prices to double.
When Biden rejoined the Paris Agreement, we lost 24% of using our own resources and are buying if now.
But doesn’t high sovereign debt imply that the government is simply absorbing the debt of the private sector?
No it's an out of control spending spree, you could say it's a wife with a credit card.
Do you think it's the fiscal policy or monetary policy that is driving this? What a stupid question. We have a trillion dollar federal deficit and 30 years of monetary easing. If interest rates were to normalize and we didn't have a federal deficit we would be in a recession tomorrow. Secondly, the Fed is only supposed to have the job of maximizing employment and keeping inflation low; not help with fiscal policy.
Why did the panelist not ask Jamie about the sustainability of the trillion-dollar yearly debt in a "Fine" economy?
18:01 “...goes to a bank...” THERE IT IS! That’s why he’s for the carbon tax.
Genologic yup. Goes to the bank, the bank lends against it and makes a fortune. All the elites are using climate change as a way to perpetuate fear to the people in order to extort them.
Bingo
I just wrote the same thing, without seeing your post! Thank God that people are waking up to the scam! Cleaning the environment is FANTASTIC! Taxing us all for the benefit of the few is wrong! Don't think just taxing the evil dirty energy companies will be great! It will raise the costs of everything, EVERYTHING.
Jamie, you have a fan club here.
I have lived in some socialism countries, you’re right, it doesn’t work
new flash, (the current form of) capitalism has been failing as-well.
Destiny got cold in this debate
Jamie was actually pretty reasonable here.
Once he say carbon tax, I withdraw the like.
If you deduct the amount of money the goverment pumped into the economy real gdp would be negative
Jamie is a legendary banker. I have utmost respect for him. He's one of my idols amount corporate executive. Very few people in corporate America have such indept knowledge about finance and investment.
He needs to get a class in socialism. Govt giving banks 700B after banks tricked general population by giving sub prime mortgages (after circumventing prior rules) is Socialism. Govt spending on healthcare of general population, FROM THE TAXES PAID BY THE POPULATION is NOT socialism
Constant competitive economic survival isn’t meant for humans to co exist and live harmoniously. Constant competitive economic survival mode creates nothing but chronic stress to the human mind and human body
I am not seeing most of the channels to which I am subscribed yet I am constantly getting cnbc to which I am not subscribed. Oh RUclips, RUclips, RUclips.
When you mention India and China please check the per capita usage of US
A person in US energy needs is equiv to 50 Indian people
Need to give President Trump credit
14:41" You guy every... you go... clima... climat... climate..." -- Jamie Dimon
What a scammer.....
It's not fair comment to East regarding pollution, East also following same path which is west done in the past that is Industrialisation . The thing is East has to suggest as a big brother to youngest, like how we can minimise Co2.
Ofcourse some countries building infrastructure rapidly along borders and trying to control nature. I think USA ancestors allready worked on this, just we have to search for where it was hidden.
It's amazing how Jamie Dimon just brushes off Joe's insults and attacks. That is the sign of a true leader. He can see how worked up Joe is getting and doesn't escalate the situation. Don't get me wrong, I love Joe's attitude and personality, nobody is perfect, he's funny a lot of the time, he just hates the whole climate thing. Great interview.
A bank that doesn’t pay any tax, advocating a tax that it won’t have to pay
Changes beyond our controll
ask him about bitcoin lmao
Give him a jacket already! He looks like he's freezing!
Kernen is abysmal. Buffett endorsed the carbon tax like a decade ago. Basic idea is to make the externalities of pollution be reflected in prices and then let the market work.
Loss is public. Profit is private.
What happened to Blythe Masters?
Joe is like the quintessential boomer. Can't stand this guy
I'm 26 but I can't stand young hipster commies like you as well. So Meh.
I Think Trump exaggerates just a little..Lol
It is interesting that all these rich guys are for increase of minimum wage. You would wonder why? One thing comes to mind is that artificial minimum wage gives more edge to the big business because it raises cost for the small business to start a new business. At the end the big guys always come together to agree to look after their own interest.
As Max Keiser says "Jamie Dimon should be in prison for financial terrorism" - if you dont know why you're asleep.
I don't believe anything these people say. Talking his book.
Why don't the talking heads....talk less?
Gail Garside yeah... talkLESS heads
Joe running mouth drives me nuts 😂😂😂
Saurabh Tiwari agree, that disrespectful, ignorant methane-producing shill needs to walk more & talk less.
#FIREJOE
Congress can never move fast nor can the courts. Only the Fed, President, and Industry can move fast.
Which companies work better as socialist? Fire companies, police companies and military companies. Obviously you can add health care in this. The argument that good care will be gone makes as much sense as saying firemen don't work as hard as they did back in the 1880's
So he's saying he favours a Carbon Tax (for using the harmless and totally useful and beneficial element that is carbon) BUT "with a Carbon Dividend" - so we give money to the Carbon Tax and then we get it back again in the form of a "Carbon Dividend". That makes it more palatable to the people and to congress.
I hate the idea of a carbon tax but the way he spoke of it being put back to the home owner is an intelligent idea especially on new construction. I just watched a program about a 5,000 sq ft house in Canada that only requires 20,000 btu's to heat! That's unheard of but would make a huge difference!
@@heyhey-by4xo Some of these energy saving measures are of course legitimate, but the overall Agenda 2030 plan that they have is not. They mix truth and lies to lead people down the wrong path.
I wonder what comes after "goldilocks" ??
Doesn't the hole convo amount to there is good things about socialism and capatilism which boils down to fearness and focusing on better solutions.