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Beau of The Fifth Column

Let's talk about JP Morgan's CEO, panic, and predictions....

Beau of The Fifth Column

Beau of The Fifth Column

Society & Culture

4.8965 Ratings

🗓️ 2 June 2025

⏱️ 5 minutes

🧾️ Download transcript

Summary

Let's talk about JP Morgan's CEO, panic, and predictions....

Transcript

Click on a timestamp to play from that location

0:00.0

Well, howdy there, Internet people. It's Bell again. So today, we're going to talk about

0:07.7

J.P. Morgan's CEO saying the bond market is going to crack. CEO Jamie Diamond was speaking

0:16.5

to regulators and investors at the Reagan National Defense Forum in Seamy Valley, when he said

0:23.2

something that made headlines that broke into the mainstream. It's not really news to y'all.

0:29.5

You've heard me talk about this for months. But now, it's not Bell, Barn Barbie, and enthusiastic

0:36.5

amateur economist. It's the CEO of one Barbie, and enthusiastic amateur economist.

0:38.3

It's the CEO of one of the biggest financial houses in the world.

0:42.8

It's the world's biggest commercial bank and Diamond has led it for almost two decades.

0:49.1

Now he's warning about the bond market in no uncertain terms.

0:54.1

You're going to see a crack in the bond

0:56.5

market, okay? That's a quote. That's what he said. You're going to see a crack in the bond market.

1:04.9

It is going to happen. And I tell this to my regulators, some of you who are in this room. I'm telling you it's going to

1:13.0

happen, and you're going to panic. He stressed government debt was a huge issue, but not the

1:20.6

only issue facing the U.S. He talked about not just the weakening U.S. economy, but also the weakening U.S. position in the world.

1:30.4

He stressed maintaining our military alliances. The takeaway quote from that section really put

1:37.7

the source of America's power into perspective. We often refer to currency as power coupons on the channel. That's a view that Diamond

1:47.8

apparently shares. He said, quote, if we are not the preeminent military and the preeminent economy

1:55.7

in 40 years, we will not be the reserve currency. That's a fact. Just read history. That's a fact.

2:05.3

A U.S. that walks away from world leadership and embraces an isolationist foreign policy

2:11.2

will fail to maintain the standards of living Americans have grown accustomed to.

2:16.8

When he talked about Trump's flirtation

2:19.0

with crypto, he went on to say, quote, we shouldn't be stockpiling Bitcoin. We should be stockpiling

...

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