JPMorgan Chase CEO Jamie Dimon has called on the government to seize private property in order to fight “climate change.”
In a letter to shareholders, Dimon began by admitting the largest bank in the U.S. is not to the ills currently afflicting America.
“Across the globe, 2022 was another year of significant challenges: from a terrible war in Ukraine and growing geopolitical tensions — particularly with China — to a politically divided America,” Dimon said in his opening remarks.
“Almost all nations felt the effects of global economic uncertainty, including higher energy and food prices, mounting inflation rates and volatile markets, and, of course, COVID-19’s lingering impacts.
“While all these experiences and associated turmoil have serious ramifications on our company, colleagues, clients and the countries in which we do business, their consequences on the world at large — with the extreme suffering of the Ukrainian people and the potential restructuring of the global order — are far more important,” he added.
The remarks are concerning, not for the elites, but for home-owning Americans, due to the fact that Dimon brought up eminent domain under the section titled “Update on Specific Issues Facing Our Company” under the “Climate Complexity and Planning” subsection.
So what does that mean?
Well, ’eminent domain’ is the legal term that grants the government the power to seize private property for public use, which is what the JPMorgan CEO is reffering to.
Although a private property would typically be reimbursed in such a scenario, it usually falls well short of the value of the property.
“The window for action to avert the costliest impacts of global climate change is closing,” Dimon began.
“To expedite progress, governments, businesses, and non-governmental organizations need to align across a series of practical policy changes that comprehensively address fundamental issues that are holding us back. Massive global investment in clean energy technologies must be done and must continue to grow year-over-year,” Dimon wrote.
Dimon added that the need to “align across a series of practical policy changes” includes private property seizure.
“At the same time, permitting reforms are desperately needed to allow investment to be done in any kind of timely way,” Dimon continued. “We may even need to evoke eminent domain.”
How on earth could taking someone’s private property make the “weather better?”
Dimon claimed, “we simply are not getting the adequate investments fast enough for grid, solar, wind and pipeline initiatives.”
“Polarization, paralysis and basic lack of analysis cannot keep us from addressing one of the most complex challenges of our time,” Dimon said.
“Diverse stakeholders need to come together, seeking the best answers through engagement around our common interest. Bolstering growth must go hand in hand with both securing an energy future and meeting science-based climate targets for future generations,” he added.
Dimon also weighed in on the current banking crisis.
“As I write this letter, the current crisis is not yet over, and even when it is behind us, there will be repercussions from it for years to come. But importantly, recent events are nothing like what occurred during the 2008 global financial crisis (which barely affected regional banks),” he wrote.
“In 2008, the trigger was a growing recognition that $1 trillion of consumer mortgages were about to go bad — and they were owned by various types of entities around the world. At that time, there was enormous leverage virtually everywhere in the financial system. Major investment banks, Fannie Mae and Freddie Mac, nearly all savings and loan institutions, off-balance sheet vehicles, AIG and banks around the world — all of them failed. This current banking crisis involves far fewer financial players and fewer issues that need to be resolved.”
The world’s elites want to take real wealth from the people, and their excuse is saving the planet from “climate change.”
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I want Jamie Dimon to seize my private property and do it in person.
100 % Get YER A*s over here and COME AND TAKE IT BIOTCH !!!
Be careful for what wish for….Kelo vs. New London is pretty much the the start of this. Even Sandra Day O’Connor dissented and said it was a bad idea. This harks back to the days of the Soviet Union.
1992 Earth Summit Rio
These people want a civil war.
A couple of years ago, JPM and B of A were listed as the most likely too-big-to-fail banks that were most likely to seize customer bank deposits to bail them selves out (bail ins) as allowed by Dodd-Frank. So no surprise, Jamie Dimon is all in for seizing other peoples property. Glad I closed my bank account and sold my JPM shares before he could grab it.
Dear Mr. Zircon Encrusted Globalist;
Since your carbon hoof print is 10,000x times that if any one of us I suggest that WE THE PEOPLE start by taking yours… after all WE THE PEOPLE are the ‘ Authorities’ here.
Lets start with yours Jamie Dimon
Let the government start with Dimon’s property the board of directors’ property and any corporate jets and boats. Then maybe a few of the biggest Chase bank’s locations preferably the most valuable properties!
I agree his sky scraper banks cause radiational heating.
Bring it on lefty and let’s get the show on the road
No Mr. D, it’s not climate change, it’s poor policy that’s created these wretched problems!
This is absolutely horrifying that he’s pushing for removing property rights.
But the climate alarmists have admitted in the past that it’s really all about the economy.
Check out the UN’s Christian Fuguerres, Edenhofer, Wirth. Even AOC’s former COS said the Green New Deal was about changing the economy.
They want our $, our property, and total control.
Give all of yours up Jamie, and then we’ll see how serious you are.
Sounds a lot like communism to me Jamie. Come and take it, but have the guts to show up in person.
Fascist. Prepare yourself and your family to be treated like fascists.
Wonder what our forefathers would do …
The ‘turmoil’ you describe is precisely your fault. And that of your fellow globalists. You are goin’ down, b***h.
Jamie Dimon= $30 million annual salary as CEO of JP Morgan
He said it, not enough people are buying into the scheme that they so heavly depended upon. Now the pyramid is flattened off for the low end investors. The top of a pyramid only allows for only on small group to be enriched and that’s the ones that created it. Now they want their retrabution that they were promised.
Well, wise AZZ. Lets start with YOUR c**p!
So he wants the government to seize private property to protect their investments, to cover potential loses… and says it’s all about climate change…did I get that about right?
He’s a d**n liar and cheat and should have been arrested and charged for his part, and a very large part he played, indeed – along with myriad political whores and others as well – when the ’08 “financial crisis” happened.
We, we, we….
Go ahead, try!
Maybe Mr. Morgoon should mind his b******s…not ours.
Arrogant b*****d! Start with his estate, every inch of it!