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Jamie Dimon: Split in the US economy is leaving the Poor behind

Posted By: tonzal
Date: Wednesday, 13-Jan-2021 05:52:29
www.rumormill.news/119470

BATTLE FOR WORLD / CNBC | March 18, 2019: The article highlights J. P. Morgan CEO Jamie Dimon pointing to two Americas: one that is benefiting from thriving U.S. corporations, and the another that is struggling. And it's obvious that a large segment of the American people have not benefited.

The U.S. economy has essentially been split into two camps - and said: “I don’t want to be a tone deaf CEO; while the company is doing fine, it is absolutely obvious that a big chunk of [people] have been left behind.” Dimon continues: “Forty percent of Americans make less than $15 an hour. Forty percent of Americans can’t afford a $400 bill, whether it’s medical or fixing their car. Fifteen percent of Americans make minimum wages, 70,000 die from opioids” annually.

“If you travel around to most neighborhoods where companies live, they’re doing fine,” said Dimon. “So we’ve kind of bifurcated the economy.”

He continues: “Companies have to be involved.” And said: “Businesses can bypass all these parts of society that have been suffering a little bit because they do it themselves. They have their own schools, their own training, their own everything.”

Dimon noted that “we made a mistake by ignoring some of these things. If we don’t [act], society is going to get worse, because these problems aren’t aging well.”

He also said that: “It’s not about a college degree.” Dimon, who graduated from Tufts University and Harvard Business School, said: “Having gone I know just how worthless a college degree is sometimes.” And that: “Harvard and Princeton are not a philanthropy,” “Helping these kids is.”

(BattleForWorld: Jamie Dimon was one of the gluttonous banksters that ripped off a lot of people and got away with the criminal act. He's singing humanity-do-good-things now apparently after filling up his piggy-bank.)

Max Keiser roughs up guy on air that's representing Jamie Dimon at an event. Keiser has a dislike for Dimon because the bank he worked for deceived and tricked many in the financial sector out of billions of dollars.

END

Jamie Dimon: Split in the US economy is leaving the Poor behind



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AN EXPLANATION OF THE FACTIONS