If the American people
ever allow private banks to control the issue of their currency, first by
inflation, then by deflation, the banks and corporations that will grow up
around them will deprive the people of all property until their children wake
up homeless on the continent their Fathers conquered...I believe that banking
institutions are more dangerous to our liberties than standing armies...The
issuing power should be taken from the banks and restored to the people, to
whom it properly belongs.
-- Thomas Jefferson
Last week, JPMorgan Chase reported losing $2
billion, which may go to $3 billion or more: a massive gamble reportedly on
derivatives and credit default swaps, chief culprits in the 2008 world economic
meltdown.
This week, news reports verify that Barack Obama
has a private account with JPMorgan Chase between half a million to $1 million,
according to his financial report. “This is a checking account used by the
president and the first lady,” White House spokeswoman Amy Brundage told the
press. "It is the equivalent of an interest-bearing checking account
available at many other financial institutions.”
This week also, Obama calls JPMorgan Chase “one of
the best managed banks there is.”
If Obama is accurate, and that’s the best
managing a mammoth bank can do, then this is clear: the giant banks are not too big to fail. They are too big to
remain. They are too big to be
regulated. They need to be broken up.
Will that happen?
Not the way things are going. Last week, look
what Reuters reported:
The Federal Reserve on Wednesday approved applications by three big
Chinese government-controlled banks to set up branches and take stakes in U.S. banks
after deciding they were adequately regulated in their home market.
Bank regulation, already in chaos, is about to
fall even more at the mercy of the multinational corporate onslaught.
A majority of Congress consists of millionaires.
From the latest report, Obama appears to be a millionaire, or close to it.
Knowing the above facts, do you really expect
Congress and the president to legally change or regulate the banking system?
Nope. They’re obviously in government for the
money.
YOU THE PEOPLE must create a major power shift.
You are going to have to toss out the president
and Congress and elect fresh blood, courageous officials who aren’t a part of the
insidious military-industrial complex, who will break it up and return America to a
true democracy.
You can start by demanding that Congress get rid
of the bank holding companies, and separate the banks from their gambling
racket they call “investment.” JPMorgan Chase is at the top of these bank
holding companies.
The Financial Crisis Inquiry
Commission cited among the chief reasons for the 2008 meltdown “excessive borrowing, risky investments, and lack of
transparency.” Its report specifically blamed trading in
over-the-counter derivatives and credit default swaps, along with complex
bundling of home mortgages.
In 2012, nothing has changed. Nor will it
change, unless YOU change it.
That doesn’t mean voting for Mitt Romney, who is
just another millionaire Wall Street crony.
It will mean voting for an alternative for
president, and someone outside the ruling Democratic and Republican parties’
millionaires, someone who doesn't cozy to the military-banking-industrial elite.
Do you have the knowledge and courage to do
that? Are you willing to get organized, get educated, and get active and take
this country back? If not, then, as Edward R. Murrow used to say, “Goodnight,
and good luck.”
But if you are, then you have the choice of
voting for the smaller, alternative parties the major media won’t tell you about.
Or you’ll have to organize an aggressive write-in campaign, perhaps for a
nationally known alternative like Ron Paul, a maverick millionaire libertarian
and a vocal opponent of the Federal Reserve, the banking system, and the
military-industrial complex’s dedication to aggressive war. Surely others like
him exist out there, who aren’t even millionaires.
Knowing how dishonest power in national politics
works, the odds are against you.
But if Jefferson were here today, he would tell
you about how beating impossible odds formed the United States of America. How an
oppressed people, deprived of rights and fed up with dictatorship and
repression by a military policing force, moved, and kept moving with faith and action.
They overcame such a superior foe, against such insane odds, that Las Vegas today wouldn’t
even risk putting them on the board.
But the American people did it. And you can do
it, too. But you’ll have to quit being afraid. You’ll have to get real, get
humble, and unite. Educate yourself to your choices. Then, as the young today
love to say: BRING IT!
Thomas Jefferson quotes: http://www.monticello.org/site/jefferson/private-banks-quotation
JPMorgan Chase’s loss: http://www.csmonitor.com/Business/2012/0515/JP-Morgan-loss-Did-US-regulators-know-what-CEO-Jamie-Dimon-apparently-didn-t-video
Obama’s JPMorgan Chase account: http://uk.reuters.com/article/2012/05/15/uk-jpmorgan-obama-idUKBRE84E1IX20120515
Chinese banks move in: http://www.reuters.com/article/2012/05/09/usa-fed-china-banks-idUSL1E8G9G3720120509
Bank holding companies: http://en.wikipedia.org/wiki/Bank_holding_company
The top bank holding companies: http://www.ffiec.gov/nicpubweb/nicweb/Top50Form.aspx
Financal Crisis Inquiry Commission Report: http://fcic.law.stanford.edu/report/
I think it is interesting that no one has come forward to claim they made the $2 Billion that JP lost. It has to show up in somebody's balance sheet? Also who acted as the bookie?
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