JP Morgan Is Main Benefactor Of Financial Crisis

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DrKrbyLuv's picture
DrKrbyLuv
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JP Morgan Is Main Benefactor Of Financial Crisis

The NYT has an interesting series of articles that try to explain the collapse of international banking systems.  These articles even dare to mention the Derivatives Beast to some small degree.  But the Times does us all an immense favor by showing who won in this last financial convulsion: JP MORGAN.

The multitrillion-dollar market in derivatives was a major catalyst of the financial crisis. Derivatives are supposed to help investors and businesses manage risk, but after a 2000 law largely deregulated them, they also became tools for vast speculation, creating and amplifying risk instead of reducing it.

The reason they were deregulated in 2000 was simple: this allowed ‘free markets’ to operate and these always end up being opportunities for ‘freebooters’ to go crazy. That is, pirates take over and use something as a tool for looting banks and exploiting trade for themselves.

In banking, the role of the central bank is to counteract the power of the political realm as well as the private banking system. Frankly, private bankers don’t want ANY restrictions on their activities and work tirelessly to prevent this. By 2000, they had managed to corrupt Congress and the Presidency so badly, they got all the freedoms they wanted and we had the biggest credit bubble in our history. Which is still causing future problems.

In general, the administration’s plan to regulate derivatives is serious and far-reaching. But, unfortunately, it is marred by loopholes that would protect banks’ lush profits in derivatives while leaving the system and taxpayers vulnerable to renewed instability.

The remaining giant bankers are bigger than ever as their rivals went under. These handful of powerful bankers are very easy to identify. They have poured money into the government to insure that the Goose with the Golden Eggs is not regulated. That is, the darling Derivatives Beast will continue to grow ever bigger. As I correctly figured out 2 years ago, this entity is the most dangerous thing to ever be created by investment bankers. It looms over the entire planet’s financial systems.

It is no surprise that the Chinese may have ( this is still not official at all) toss the derivatives market under the bus and run it over a couple of times. If anyone can kill this creation of the big international bankers, it is China. This may even end up being part of the rescue package China will use when the US empire finally goes bankrupt

Below is another NYT special that is pretty interesting and I wish to examine it closely.  These three boxes show the relative size, vis a vis each other, of the financial banking powers starting in 2007.  Watch how some vanish, the entire structure shrinks dramatically in size and then resumes growing with far fewer entities.  And take special notice which one of these entities grew much bigger during all this!

How the Giants of Finance Shrunk, Then Grew, Under the Financial Crisis – Interactive – NYTimes.com

$1.87 trillion October 7, 2007 -


$290 billion March 9, 2009 -

$974 billion Sept 7, 2009 -


Everything shrank and then doubled in size in just one year. This is thanks to the US taxpayers recapitalizing these guys at great, great future expense. We are rapidly using up our credit with the entire planet, trying to restart these guys! And note who grew the most: JP MORGAN. Not Goldman Sachs!

In this case, the Rolling Stone story about Goldman Sachs was misleading. That is, it targeted the wrong Beast. JP Morgan, like the Rothschilds, has been a this for a lot longer than Goldman Sachs. And wields a lot more concealed power.

JP Morgan has many controls within the Federal Reserve, itself. One might suggest, it IS the Federal Reserve and this is one mighty reason JP Morgan has suddenly gone to DC: to stop Ron Paul’s ‘audit the Fed’ bill! This bill will open a can of worms. We will finally get to see exactly how JP Morgan operates!

Complete Article Link

J P Morgan Chase has quietly become the main force behind the all powerful NY Fed along.  Citibank and Goldman Sachs has also gained in power.

In 1997, the New York fed reported that it’s three biggest member banks were Chase Manhattan Bank, Citibank, and Morgan Guaranty Trust Company. In 2000, J P Morgan & Co and Chase Manhattan (Rockefeller) merged to become J P Morgan Chase Co. Only Citibank (Rockefeller) and the BoA was larger (BoA not part of the NY Fed).

In 2004, J P Morgan Chase acquired BankOne. The Morgan and Rockefeller empires firmly took control of the NY Fed.  We know that upon J P Morgan’s death it was discovered that he really didn’t have much money and that the majority “his” bank stock was really owned by the Rothschilds.

The New York Fed, more than any other group or entity, runs the finances of the U.S.  Their owners are getting wealthy beyond belief while we are going broke.  The facts are very clear, we are intentionally being destroyed by the international bankers.  They are the real enemy of every freedom loving American and they have been for the past 220 years.  Somehow, we have lost our collective memory or maybe, we think the past is irrelevant to the present and future.      

Larry

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JAG
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Re: JP Morgan Is Main Benefactor Of Financial Crisis

CEO of Rockefeller & Co commits suicide.

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Doug
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Re: JP Morgan Is Main Benefactor Of Financial Crisis

why isn't HSBC on those tables?  I thought it was a behemoth.

DrKrbyLuv's picture
DrKrbyLuv
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Re: JP Morgan Is Main Benefactor Of Financial Crisis

Doug wrote:

why isn't HSBC on those tables?  I thought it was a behemoth

Hi Doug, according to the writer of the article, Elaine Supkis, HSBC probably wasn't listed because it is a foreign bank.  They have U.S. operations and own part of the federal reserve, I think the NY branch.

Larry

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LogansRun
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Re: JP Morgan Is Main Benefactor Of Financial Crisis

The New York Fed, more than any other group or entity, runs the finances of the U.S.  Their owners are getting wealthy beyond belief while we are going broke.  The facts are very clear, we are intentionally being destroyed by the international bankers.  They are the real enemy of every freedom loving American and they have been for the past 220 years.  Somehow, we have lost our collective memory or maybe, we think the past is irrelevant to the present and future.      

Larry

 

We haven't lost our collective memory.  Our memory is what is written in the histories......and who writes history?

Until we as a people realize that what has been written, filmed, recorded as history is ONLY what international bankers want us to see there will be no change.  

 

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