JP Morgan Upgrades Taser Forecast, Goes Longer The Police State
JP Morgan just went a bit longer the police state. An analyst at the biggest US bank raised his rating for Taser International Inc., the maker of electronic-shock devices causing a stir in the streets regarding their humaneness, from “Neutral” to “Overweight,” arguing that the company’s profits will continue to rise due to stabilizing demand in the face of an exasperated populace feeling the burn of the largest wealth confiscation in history sparked by the banking crisis.
One reason for the stabilization of demand is that local governments are beginning to upgrade the devices utilized by police departments and other thugs of the government. Recently, Taser International recently publicized two orders from agencies in California and Florida which amounted to $850,000. What do these two states have in common? They both have suffered in immensely in the economic crisis. While California boasts an unemployment rate of over 25%, Florida’s is around 20% when the numbers are not obfuscated by government intervention in reality.
JP Morgan understands the importance of a well-oiled police state in the US considering that it has more than 11 state, national and international agencies pursuing the bank regarding its disregard for law. From money laundering, interest rate manipulation, silver manipulation, fraud against borrowers, the bank has reason for concern.
JP Morgan has supported the use of force by police officers, and has shown that tradition to remain by buying of NYPD police officers with “donations,” even while slitting the throats of the police in many localities by sprinkling their pensions in dope-derivatives. The NYPD cost JP Morgan $4.6 million dollars, the largest donation in the police departments’ history about one-year ago. That money bought the NYPD 1,000 new patrol car laptops, as well as security monitoring software in the NYPD’s main data center right in the middle of the Occupy Wall Street storm. Jamie Dimon must’ve been nervous, as we know how much his business depends upon minimal regulation of his company and a corporate welfare.
Operating in the markets with gross moral hazard, it’s no wonder why on the ground JP Morgan backs the use of force by taxpayer funded police officers.Taser International’s shares traded at $5.99 in afternoon trading. In the last 52 weeks, the company’s shares have fluctuated between $3.96 and $6.49, and easily could ride the stable demand to $7.50 before consolidating.
The line of products offered by the company, alongside the Taser, is the XREP (a wireless Taser that can be shot out of a 12 gauge shotgun), AXON Flex On-Officer Video System (which captures videos of critical situations from the officer’s point of view, so that the officer can defend the use of force), and Evidence.com which is a cloud-based evident warehouse which helps officer spend more time in the field and less time in the station writing reports.
Taser is making life easier for police, and what better timing could they have as the US flirts with the austerity measures reserved historically for peripheral, “Third World” nations? JP Morgan knows that the Third World is right in its backyard.
JP Morgan upgrade comes on the heels of the 181st taser-related victim in the US since 2009, Bill Williams. Between 2001 and 2008, according to Amney International, 351 people in the US died after being shocked by police tasers, although other estimates suggest the number is closer to 532 documented taser-related deaths in the US.
Coming Soon: JP Morgan goes long cardiac arrhythmia, heart attack, ventricular fibrillation and cardiac arrest treatments predicting an increased amount of taser-happy police roaming the streets. Also, Taser International suggests that children in public indoctrination camps undergo shocking by tasers so as to prepare them for their later years. This is, after all, what the company suggested the Army do to its new recruits. However, a February 2005 memorandum from the Aberdeen Proving Ground, a US Army weapons test site, discouraged shocking the soldiers. The Army warned that “seizures and ventricular fibrillation can be induced by the electric current.” And also that “the practice of using these weapons on US Army military and civilian forces in training is not recommended, given the potential risks.” Only on the “other.”
At war as JP Morgan is, the board of directors at the bank would probably have no problem using the devices on the “other”; that is, the 99.99999%.