Loading ...The idea that JPM shorted paper Ag to oblivion, while buying tonnes of Phys..makes no sense….as the price would not have dropped that much and we can see from the constant smashing that the shorts are so vast…it has been going on for a 1/4 century plus…they can never really cover, without sending the price bonkers.
They will default, not that that would worry them one iota…in fact they think they will laugh all the way home…..but an impoverished crazed mob, hell bent on truly vile retribution, is their far more likely fate.