The Calm Before the Storm Jamie Dimon didn’t just rattle the gilded halls of the Reagan Foundation when he declared, “You are going to see a crack in the bond market. It is going to happen. You are going to panic.” He exposed the rotting carcass of the global debt regime—a carcass that the so-called regulators have spent decades dressing up in pretty clothes. The suits in D.C. are sleepwalking through the financial equivalent of Chernobyl, oblivious to the radiation of systemic risk that’s already poisoning the economy. This isn’t some idle Wall Street chatter. It’s a strategic leak from a man who sits atop the financial food chain, a man who’s seen the puppet strings of monetary policy for…

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