Junius Spencer Morgan whose son was the founder of JP Morgan worked for an investment banker George Peabody and would have said the same thing about his British competitors whose work ethic wasn’t up to his own standards! The British Empire had become lazy and incompetent.
Fast forward to today and the current CEO of JP Morgan is saying the same thing about the American Empire! Jamie Dimon is predicting that there is a 20%-30% chance that something worse than a recession could be coming. Expect the EU to crater first over the lack of energy! If so expect all hell to break loose in a country where the political divide gets worse every day!
And that is all I’m going to say about that!
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