Make a Bubble, Pop It, Cash In
Make a Bubble, Pop It, Cash In
Tim O’Connor – Center for the Preservation of Humanity – 5/1/2023
Are you watching these banks and what they are doing? Bubbles are being created by the banksters. Then they are popped by the banksters. And then these same banksters swoop in like vultures, fattened up over-sized birds of prey, and they cash in while everyone else is screwed. The banksters want to do this to you and me, so we should probably be paying attention to what they are doing with their fellow banksters.
In the last couple of months the United States has had it’s entire banking industry nationalized. The Federal Deposit Insurance Corporation, an independent agency of the Department of the Treasury, was supposed to serve a temporary function to sort out the banking problems of 1933. It is still here and now serves as a backstop for ALL deposits. FDR, the monster who signed it into law, must be really happy – the FDIC is now the nationalized banking system the despot wanted in his time. The premise of ‘never let a good crisis go to waste’ is the method by which these banksters operate and they just keep getting away with it.
In 1933 it was a massive run on the banks which prompted the crisis which was ‘solved’, in part, by creating the FDIC. The same thing happened in 2008-9 with the subprime mortgage crisis. And now it is happening again. As the banks which don’t have enough cash on hand to cover their butts falter and fail, they end up in the FDIC’s control. The big banks – the one’s making exactly the same types of stupid bets with our deposits go and buy the failed banks for penny’s on the dollar.
What the banks are doing is no different than if someone walked into their neighbors home, decided ‘I want your stuff’, murdered them, and then went to an auction of all of their neighbor’s stuff to get it for rock bottom prices. They have been doing it for a really long time too – with government approval. With the 2008-9 scam which took $2 trillion in taxpayer money and the devaluation, and in some cases outright theft, of the homes of millions the banks gobbled up what they could at a fraction of the cost. 465 banks with over $680 billion in assets failed between 2008 and 2012. The current banking crisis is slow burning but the effects are the same. The credit market is drying up, interest rates are going crazy, and the value of our dollar is rapidly losing value.
This is a plan concocted by the banksters to consolidate the banking industry while bankrupting the US citizenry. It has the full approval of the Biden regime. Every banking ‘fix’ has always been a reaction to whatever crisis they have managed to create for themselves which taxpayers are forced to bail them out of. The government goes along with it by giving them our bailout money and using their force to extort money from our labor in order to pay them interest. But that isn’t enough – these banks need to continuously find ways to suck up huge shares of the economy.
JPMorgan Chase, with $3.2 trillion in assets, is the largest bank in the United States. It just bought the second largest bank to fail in United States, First Republic Bank (and the fourteenth largest bank in the US), for $103.9 billion. On March 14, 2023, First Republic was noted as having $212.64 billion in assets. I’m sure that some of that was stock valuation but JPMorgan still acquired it for a steal. The deal will force taxpayers to cover $13 billion in costs for the FDIC. JPMorgan’s assets went from $3.2 trillion to $3.4 trillion and all you had to pay was about $73! What do you get for your payment – absolutely nothing except more JPMorgan branches and their ridiculous policies.
First Republic Bank had their own ridiculous policies, too. I can hear George Carlin telling us that “it’s a big club and you aren’t in it” when I read this out of Business Insider:
“During the pandemic, First Republic amassed a large book of loans that would be forced to take big haircuts if sold today to raise cash. According to Bloomberg, the bank offered rich people interest-only mortgages where the borrower didn't have to pay back any principal for the first decade of the loan.”
“In 2020 and 2021, according to Bloomberg's analysis, the bank extended nearly $20 billion of these no-interest loans just in San Francisco, Los Angeles, and New York. The outlet cited a Goldman Sachs executive who took out an $11.2 million mortgage with First Republic that required no principal payments for 10 years and an interest rate below 3%.”
$73 out of my pocket so some asshole at Goldman Sachs who is paid exorbitant amounts of money to do stupid things with other people’s money can buy an $11.2 million dollar house? Three months ago I was trying to figure out how to afford an $11.00 package of garbage bags for my trashcan….
It’s easy to boycott Disney because the filth they have dedicated themselves to is apparent. Boycotting banks; however, is not as easy. That takes research into the types of things they want to do with the money you deposit. For instance, Wells Fargo has a diversity policy for suppliers which will give preference to diverse businesses in contract bids. One of the diversity certifications Wells Fargo considers valid comes from the National LGBT Chamber of Commerce which will certify all kinds of alternative lifestyles including transsexuals.
Don’t ever wonder why the Alphabet Mafia never seems to get weaker if you are not researching your bank’s practices. Do you really want to keep your money in Wells Fargo knowing how they use it? These banks are funding the post-human world with our money…. Are you fighting them of funding them?
Bless God and God bless.