J.P.Morgan issues instructions for after nuclear attack!

JP Morgan/CHASE issues "Emergency By-Laws" for Bank to Operate ". . . after nuclear attack 

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There's an old saying that "All wars are Banker's Wars."  It derives from the reality that Money follows rates of return, the Flag follows the money, and troops follow the Flag. 

So Bankers tend to know before most everyone else, when a war is about to take place . . . . and JP Morgan /CHASE is one of the top banks in the world.   

Given these realities, the fact that on October 4, JP Morgan / CHASE Submitted new "EMERGENCY BY-LAWS" to the US Securities and Exchange Commission (SEC) dealing with how the Bank's Board of Directors can operate ". . . after a nuclear attack upon the United States . . . ." this is a very bad development!

Specifically, JP Morgan / CHASE has added an entire Section "XI" to the corporations By-Laws laying out some utterly incredible new rules, and most importantly, making certain that NONE of the Board of Directions can be held liable for decisions during an Emergency "except for Willful misconduct!" 

So, if something big happens, and the bank decides no one in the world gets any of their money back or access to any of their credit, there's NOTHING anyone can do to them because the Corporation By-Laws say so! 

Stockholders and Deposit/Checking/CD account holders are ALL legally bound by the Corporation's By-Laws and agree to abide by them as a condition of doing business with JP MORGAN /CHASE! 

The legal rules making this possible are simple: If you disagree with the By-Laws, don't do business with the bank.  If you continue to do business, then you ACCEPT the By-Law change and agree to it!

Here's what the new Section of the By-Laws lays out (Click Image to Enlarge):

 As with everything in life, "the devil is in the details."  Here are some of the details:

Section 11.01. Emergency By-laws. This Article XI shall be operative during any emergency resulting from an attack on the United States or on a locality in which the Corporation conducts its business or customarily holds meetings of its Board or its stockholders, or during any nuclear or atomic disaster, or during the existence of any catastrophe or other similar emergency condition (including without limitation apparent terrorist activity or the imminent threat of such activity, chemical and biological attacks, . . .

Section 11.03. Quorum. At any meeting of the Board, or any committee thereof, called in accordance with Section 11.02 above, the presence of one director shall constitute a quorum for the transaction of business.

(EDITOR'S NOTE: Yes, you read that correctly, ONE Director gets to decide the fate of multi-TRILLIONS of Dollars run through or controlled by the Bank!  ONE MAN can be a "Committee of the Board of Directors!")

Section 11.04. Amendments. At any meeting called in accordance with Section 11.02 above, the Board or a committee of the Board, as the case may be, may modify, amend or add to the provisions of this Article XI so as to make any provision that may be practical or necessary for the circumstances of the Emergency.

(Editor's Note: Yes, you read this correctly as well: The ONE MAN can also change the corporation rules as he "deems necessary" and so so ON HIS OWN!)

Section 11.06. Liability. No officer, director or employee of the Corporation acting in accordance with the provisions of this Article XI shall be liable except for willful misconduct.

So the ONE MAN can do what he "deems necessary" and if anyone doesn't like it, they have no way to hold the man accountable.

Here's the coup de grâce:

Section 11.07. Repeal or Change. The provisions of this Article XI shall be subject to repeal or change by further action of the Board or by action of the stockholders, but no such repeal or change shall modify the provisions of Section 11.06 

So if, at a later date, a decision made by the ONE MAN gets modified or repealed by Stockholders or the Board, the ONE MAN still CANNOT BE HELD LIABLE for any decision he made prior to the Repeal or modification ! ! !

Put simply, in a nuclear attack, JP Morgan / Chase  could end up operating with ONE MAN, who decides the bank must seize all the money and cut off all credit in order to survive, and NO ONE can do anything about that deccision, or hold the ONE MAN accountable!!!!!!!

Lest you think this is some sort of sick hoax, or some type of Yellow Journalism exaggeration, here is a direct link to the US Securities and Exchange Commission Web Site linking directly to the Modified By-Laws filed on October 4.  (LINK)

 Reverting back for a moment, to the old saying "All wars are Banker's wars" no less than the US President dropped a massive hint at coming trouble.

Trump Warns "A Storm is Coming"

Last night, (Thursday evening) President Donald Trump dined with the top military leaders of the United States and our Allies, at the White House.  During a photo-op with media, the President dropped this bombshell: He asked the assembled media people  "You know what this is, right? The calm before the storm."

When repeatedly challenged as to exactly what he meant and what "Storm is coming" the President repeatedly said only "You'll see."

At an earlier meeting, President Trump specifically mentioned North Korea, Iran and ISIS.  He went on to say the US has made tremendous progress against ISIS.  Yet later, he referred to the gathering of military leaders as the calm before the storm.

That must necessarily mean some additional "storm" is coming, obviously with North Korea and/or Iran!

Via Facebook

EMERGENCY REVISIONS TO THE BY-LAWS OF JP MORGAN BANK

5 OCTOBER 2017



ARTICLE XI
Emergency By-laws



Section 11.01. Emergency By-laws. This Article XI shall be operative during any emergency resulting from an attack on the United States or on a locality in which the Corporation conducts its business or customarily holds meetings of its Board or its stockholders, or during any nuclear or atomic disaster, or during the existence of any catastrophe or other similar emergency condition (including without limitation apparent terrorist activity or the imminent threat of such activity, chemical and biological attacks, natural disasters, or other hazards or causes commonly known as acts of God), as a result of which a quorum of the Board or the Executive Committee thereof cannot readily be convened for action (an “Emergency”), notwithstanding any different or conflicting provisions in the preceding Articles of these By-laws, the Certificate of Incorporation or the General Corporation Law. To the extent not inconsistent with the provisions of this Article XI, the By-laws provided in the other Articles of these By-laws and the provisions of the Certificate of Incorporation shall remain in effect during such Emergency and upon termination of such Emergency, the provisions of this Article XI shall cease to be operative.



Section 11.02. Meetings. During any Emergency, a meeting of the Board, or any committee thereof, may be called by the Chairman or any other member of the Board or the Chief Executive Officer, or any member of the Corporation’s Operating Committee (each, a “Designated Officer” and collectively, the “Designated Officers”), or the Secretary. Notice of the time and place of any meeting of the Board or any committee thereof during an Emergency shall be given by any available means of communication by the individual calling the meeting to such of the directors and/or Designated Officers who shall be deemed to be directors of the Corporation for purposes of obtaining a quorum during an Emergency if a quorum of directors cannot otherwise be obtained during such Emergency, in each case, as it may be feasible to reach. Such notice shall be given at such time in advance of the meeting as, in the judgment of the individual calling the meeting, circumstances permit.



Section 11.03. Quorum. At any meeting of the Board, or any committee thereof, called in accordance with Section 11.02 above, the presence of one director shall constitute a quorum for the transaction of business. Vacancies on the Board, or any committee thereof, may be filled by a majority vote of the directors in attendance at the meeting. In the event that no directors are able to attend the meeting of the Board, then the Designated Officers in attendance shall serve as directors for the meeting, without any additional quorum requirement and will have full powers to act as directors of the Corporation for such meeting.



Section 11.04. Amendments. At any meeting called in accordance with Section 11.02 above, the Board or a committee of the Board, as the case may be, may modify, amend or add to the provisions of this Article XI so as to make any provision that may be practical or necessary for the circumstances of the Emergency.



Section 11.05. Management Contingency Plan. During an Emergency, the Corporation shall be managed by the Operating Committee under the direction of the Chief Executive Officer. In the absence of the Chief Executive Officer or his or her successor, the Operating Committee shall act under the direction of the Operating Committee member with the longest tenure with the Corporation.



Section 11.06. Liability. No officer, director or employee of the Corporation acting in accordance with the provisions of this Article XI shall be liable except for willful misconduct.

Section 11.07. Repeal or Change. The provisions of this Article XI shall be subject to repeal or change by further action of the Board or by action of the stockholders, but no such repeal or change shall modify the provisions of Section 11.06 of this Article XI with regard to action taken prior to the time of such repeal or change.



Section 11.08. Termination of Emergency. The provisions of this Article XI shall cease to be operative upon the termination of the Emergency as determined by a quorum of the Board or the Executive Committee thereof in accordance with Sections 2.06 and 3.01, respectively, of these By-laws.