Yet Another Banker Commits Suicide. Graph Suggests We Are Headed Towards A Crash Like 1929
Another JP Morgan banker has committed suicide by jumping from the top of the firms Chater House headquarters in Hong Kong..
The man in his 30’s became the 7th banker to die under mysterious circumstances. This includes a JP Morgan senior manager who also jumped off the top of a skyscraper in London last month. Those who witnessed the situation claim he accessed the roof of the office tower and despite police attempts to talk him down, made the choice to leap. “According to several JP Morgan employees, the man was a forex trader with the company,” reports the South China Morning Post, adding that his name was Li Junjie.
The bank itself refused to confirm that the man was an employee. At this point, only speculation exists as to why many bankers are dying under such circumstances. While some are suggesting it may be based on fear of an unprecedented looming financial crisis, others say it could have to do with a large-scale legal case that will target bankers for malfeasance.
The reason for speculation of a financial crisis may be linked to the recent posting of the following graph courtesy of MarketWatch who illustrated the eerie link between our current market patterns and those in 1929 just prior to the crash. According to Mark Hulbert of MarketWatch “I should know, because I quoted a number of this chart’s skeptics in a column I wrote in early December. Yet the market over the past two months has continued to more or less closely follow the 1928-29 pattern outlined in that two-months-ago chart. If this correlation continues, the market faces a particularly rough period later this month and in early March.” According to this graph, we could be just a few weeks or a month away from the beginning a very large downturn in global financial markets. Of course this is speculation but one cannot deny the clear resemblance seen in the graph. Regardless of what may or may not happen within our financial markets, the fear that surrounds our view on money and how it has control over our well-being is what can be brought to light here. We are much more than what we make, what we have, our success, jobs and material items. Ask yourself the question, what does fearing the loss of money do to change the potential of it being removed from our lives? We quickly arrive at the answer that it doesn’t do anything. It only creates a state of fear while looking into the future and the past, and while doing that, we miss out on the moments we have right now. Sure, if there are any intuitive plans that come into your mind about preparing for something, go with it. But the very fact that we define our reality and well-being so heavily around something like money shows the power it has over us. We have the ability to live entirely without money. Humanity is a resilient community of people that in times of challenge are able to come together and make positive things happen. Instead of fearing the loss of money because we think we won’t have anything without it, let’s use our creativity to come up with ideas about how we can thrive without it. How we can transition from a world built around the current structure into a world that works without it. From my view we have two choices: 1.) We can sit in fear and worry and wait. 2) We can accept that we can’t control what exactly will happen with the financial structure and instead come together and make steps forward in creating a world where we don’t need it.
The time is now, there is nothing we need to wait for. Other recent banker related deaths: – On January 26, former Deutsche Bank executive Broeksmit was found dead at his South Kensington home after police responded to reports of a man found hanging in his house. According to reports, Broeksmit had “close ties to co-chief executive Anshu Jain.” – Gabriel Magee, a 39-year-old senior manager at JP Morgan’s European headquarters, jumped 500 ft from the top of the bank’s headquarters in central London on January 27, landing on an adjacent 9 story roof. – Mike Dueker, the chief economist at Russell Investments, fell down a 50 foot embankment in what police are describing as a suicide. He was reported missing on January 29th by friends, who said he had been “having problems at work.” – Richard Talley, 57, founder of American Title Services in Centennial, Colorado, was also found dead earlier this month after apparently shooting himself with a nail gun. – 37-year-old JP Morgan executive director Ryan Henry Crane died last week. – Tim Dickenson, a U.K.-based communications director at Swiss Re AG, also died last month, although the circumstances surrounding his death are still unknown. Source: http://business.financialpost.com/2014/02/18/jpmorgan-banker-suicide-hong-kong/ http://www.marketwatch.com/story/scary-1929-market-chart-gains-traction-2014-02-11 .
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