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Tell Jamie Dimon that he is the reason why small businesses in America are dying




Small American companies are dying. [Edit] Photo by Shutterstock

The live stream of Jamie Deimon's address (seen below) at the New York Economic Club begins with JP Morgan Chase's chief executive, pointing to a lack of activity from US small business entrepreneurs over the past ten years. The Wall Street Financial Crisis: "Small business formation is lower than what ever was in the US for recovery. This recovery is ten years, just over 20%. This is the weakest recovery from the great recession we have ever had. It had to be 40%. "

  Jamie Dimon closes the government of the Battle Market
Jamie Dimon, Chief Executive Officer of Morgan Chase. Yes, perhaps because Wall Street financiers since 2008 have accumulated so much capital and credit through huge federal subsidies.

Like the $ 700 billion on Wall Street, the troubled asset support program, which Nancy Pelosi and George

This is 140 times more money than the embezzlement, which the government is entangled in a record 26-day stop.

Perhaps because last year the federal government increased taxes on income from the upper middle class by eliminating federal tax relief for state and local taxes.

This is why Chamber of Deputies Paul Ryan (R-WI) and Senate Major Mitch McConnell (R-KY) had to return their promises that the republican tax account would not increase taxes on all Americans.

And this has become an increase in tax on a group of income that these entrepreneurs are trying to get in with a successful small business

Starting a small business and really turning it into something that really thrives involves taking risks and giving time, and work, and money, and energy, to the possibility of big profit.

reduced the reward to taking all these risks and success by bringing something really valuable to the market. This is choking entrepreneurship.

Meanwhile, when Wall Street banks take excessive risks if they are not repaid, the financial industry gets a big bailout from the federal small business government.

Perhaps because of the monetary nature of the Federal Reserve Bank to expand the adjusted monetary base by about 5 times from 2008 to 2015

To give all the new money to Wall Street banks at a discount.

The adjusted monetary base is the amount of the currency (including the coins) in circulation outside the Federal Reserve and US Treasury banks, plus the deposits held by the Federal Reserve Bank Depository Institutions. These data are adjusted for the effects of changes in the mandatory reserve requirements on the amount of basic money held by the depositories.

A radical experiment with the nation's money to put it in the most charitable conditions. And what you see in the chart above from the US Federal Reserve Bank of St. Louis is one of the main reasons why so much money has saved from institutional finances and cryptoLight.

Which ironically leads to the creation of many small businesses by enterprising engineers and contractors of crypto-wave. In 2017, crypto-latitudes launched nearly one billion dollars of venture capital in 300 different deals.


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