{"id":731,"date":"2016-01-27T19:46:39","date_gmt":"2016-01-27T19:46:39","guid":{"rendered":"http:\/\/thebitcoinpodcast.com\/?p=731"},"modified":"2017-07-28T21:51:15","modified_gmt":"2017-07-28T21:51:15","slug":"hey-banks-stay-banks","status":"publish","type":"post","link":"https:\/\/thebitcoinpodcast.com\/hey-banks-stay-banks\/","title":{"rendered":"Hey Banks, Stay Banks!"},"content":{"rendered":"

JP Morgan is a name that I was much happier when I didn\u2019t know it. \u00a0That being said, the older I\u2019ve become, and the more financially focused I have become, there is no way around hearing the name JP Morgan. \u00a0Honestly, I still don\u2019t even know what that company does, but I am pretty sure that it is a bank of some sort. \u00a0To me that is a problem, shouldn\u2019t I know that a bank is a bank? \u00a0Shouldn\u2019t it be simple? \u00a0JP Morgan invests, does research, is a debtor and creditor at the same time, and worst of all, apparently they are \u201cToo big to fail.\u201d \u00a0I can not stand that phrase. \u00a0Nothing can be too big to fail. \u00a0Hell, even stars fail when they get too big.<\/p>\n

Apparently this entity, JP Morgan, is so huge and affects my life so much that it can not possibly fail, it’s not as simple as telling someone to look for how to save money and pay off debt<\/span><\/a> because it isn’t as simple as that. If you need Truck Finance <\/span><\/a>I recommend getting professional help. \u00a0In fact, at some points I will have to unwillingly donate my tax dollars to their cause. \u00a0Nevermind my money and worth, it isn\u2019t big enough to not fail. \u00a0Double in fact, I should be happy to bail them out of trouble when they need it, anyways I can also count with the only bail bonds company in Butts County<\/span><\/a> just in case. \u00a0You know, because they are such an essential part of my life and all. \u00a0 I know JP Morgan has never paid any of my bills, but I may have paid a portion of theirs.<\/p>\n

My point is this, Mr. Dimon, Mr. Jamie Dimon, stay in your lane. \u00a0you and your \u201cbank\u201d need to stay in your lane. \u00a0Bitcoin is not worthless because it gives an individual a hedge against their government having this so called almighty control that you seem to think they must have. \u00a0I won\u2019t even go into the political diatribe about how awful it is that you can so easily slither out those notions that governments need to have absolute control over currency. \u00a0They don\u2019t. Private currencies have existed before, and they can most certainly exist again. \u00a0Bitcoin is the reemergence of the private money. \u00a0A hedge against politicians and regulators regulating their constituents into autonomous servitude. \u00a0Politicians and regulators \u00a0may do a lot of awesome sometimes but given enough time, they begin to think that all that awesome they do is unquestionable and unchallengeable. \u00a0Bitcoin serves a purpose to remind them, \u201cHey, you work for us, not the other way around<\/em>.\u201d<\/p>\n

Mr. Dimon, you run a bank. So run the bank. When someone asks you to be the custodian of their possessions, then be the custodian of their possessions. \u00a0Stop worrying about who controls what, and just worry about what you have been asked to guard. \u00a0That is if JP Morgan is even a bank. \u00a0And, if it isn\u2019t then why did you need my money in 2008, can I have it back with interest?<\/p>\n","protected":false},"excerpt":{"rendered":"

JP Morgan is a name that I was much happier when I didn\u2019t know it. \u00a0That being said, the older I\u2019ve become, and the more financially focused I have become, there is no way around hearing the name JP Morgan. \u00a0Honestly, I still don\u2019t even know what that company does, but I am pretty sure […]<\/p>\n","protected":false},"author":3,"featured_media":732,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","unlock_protocol_post_locks":"","publish_to_discourse":"","publish_post_category":"","wpdc_auto_publish_overridden":"","wpdc_topic_tags":"","wpdc_pin_topic":"","wpdc_pin_until":"","discourse_post_id":"","discourse_permalink":"","wpdc_publishing_response":"","wpdc_publishing_error":"","footnotes":""},"categories":[6],"tags":[],"_links":{"self":[{"href":"https:\/\/thebitcoinpodcast.com\/wp-json\/wp\/v2\/posts\/731"}],"collection":[{"href":"https:\/\/thebitcoinpodcast.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thebitcoinpodcast.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thebitcoinpodcast.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/thebitcoinpodcast.com\/wp-json\/wp\/v2\/comments?post=731"}],"version-history":[{"count":5,"href":"https:\/\/thebitcoinpodcast.com\/wp-json\/wp\/v2\/posts\/731\/revisions"}],"predecessor-version":[{"id":2399,"href":"https:\/\/thebitcoinpodcast.com\/wp-json\/wp\/v2\/posts\/731\/revisions\/2399"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thebitcoinpodcast.com\/wp-json\/wp\/v2\/media\/732"}],"wp:attachment":[{"href":"https:\/\/thebitcoinpodcast.com\/wp-json\/wp\/v2\/media?parent=731"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thebitcoinpodcast.com\/wp-json\/wp\/v2\/categories?post=731"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thebitcoinpodcast.com\/wp-json\/wp\/v2\/tags?post=731"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}