Martenson: Years of money pumping will end in equity rout
JP Morgan Chase, the largest bank in the US by assets is reducing its headcount for 2014 by 5,000 to 260,000 people. But JP Morgan is confident that it can win in this new environment... by replacing humans with machines. Erin explains. Chris Martenson of Peakprosperity.com on the Federal Reserve and the weak fundamentals of the US economy. For today's Big Deal, Erin chats with Ed Harrison about Mt. Gox and the future of bitcoin. On Monday Mt. Gox abruptly stopped trading and shut down its website. An unconfirmed document circulating the internet suggests that Mt. Gox has lost upwards of 744,000 bitcoins as a result of theft. Erin asks what happened and if bitcoin will survive.
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