Monday, July 18, 2011

Fascist Banks Profit from Food Stamps while Owning 77% of all Assets

Two Examples of Fascism Run By Banks

The United States and other countries of the world are becoming more fascist as New World Order globalists rush to complete their fascist world government by late 2012. According to Italy’s former fascist dictator and MI5 asset, Benito Mussolini, “fascism should rightly be called corporatism, as it is the merger of corporate and government power.” The following examples demonstrate fascism/corporatism within the banking structure of the United States.

JP Morgan and Bank of America
JP Morgan and Bank of America obtain profits by issuing government funded food stamps/subsidies.
JP Morgan is the largest processor of food stamp benefits in the United States. JP Morgan has contracted to provide food stamp debit cards in 26 U.S. states and the District of Columbia. JP Morgan is paid for each case that it handles, so that means that the more Americans that go on food stamps, the more profits JP Morgan makes.
Currently, approximately 44.2 million Americans (1 in 7) are receiving food stamps, which means JP Morgan will continue to reap great profits in addition to their regular derivatives and fractional reserve banking scams.
Not to be left out, Bank of America and Visa struck a deal ... (click here to continue)

Too Big To Fail?: 10 Banks Own 77 Percent Of All U.S. Banking Assets


Back during the financial crisis of 2008, the American people were told that the largest banks in the United States were "too big to fail" and that was why it was necessary for the federal government to step in and bail them out.  The idea was that if several of our biggest banks collapsed at the same time the financial system would not be strong enough to keep things going and economic activity all across America would simply come to a standstill.  Congress was told that if the "too big to fail" banks did not receive bailouts that there would be chaos in the streets and this country would plunge into another Great Depression.  Since that time, however, essentially no efforts have been made to decentralize the U.S. banking system.  Instead, the "too big to fail" banks just keep getting larger and larger and larger.  Back in 2002, the top 10 banks controlled 55 percent of all U.S. banking assets.  Today, the top 10 banks control 77 percent of all U.S. banking assets.  Unfortunately, these giant banks are also colossal mountains of risk, debt and leverage.  They are incredibly unstable and they could start coming apart again at any time.  None of the major problems that caused the crash of 2008 have been fixed.  In fact, the U.S. banking system is more centralized and more vulnerable today... (click here to continue)

No comments:

Post a Comment