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Are Banksters & the Fed Becoming the Fourth Branch of Our Government?

By   Follow Me on Twitter     Message Richard Clark     Permalink
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    JP Morgan Chase:   $391 billion ($391,000,000,000)

    Deutsche Bank (Germany):   $354 billion ($354,000,000,000)

    UBS (Switzerland):   $287 billion ($287,000,000,000)

     Credit Suisse (Switzerland):   $262 billion ($262,000,000,000)

    Lehman Brothers:   $183 billion ($183,000,000,000)

    Bank of Scotland (United Kingdom):   $181 billion ($181,000,000,000)

    BNP Paribas (France):   $175 billion ($175,000,000,000)

.   .   and many more, including banks in Belgium of all places.

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Other economists estimate that bankster theft and the financial gangbanging of dollar holders since 2008 amounts to a $29 trillion loss (for dollar holders).

That's right, the largest banks, many of which appear to own shares in the private Federal Reserve, bailed themselves out by an amount that is in excess of the U.S. 2010 GDP ($14.59 Trillion, which is the value of all goods and services produced in the U.S. for the year).   Even America's national debt of $15.7 trillion dollars could have been paid-off for less than what the banksters stole.

Wall Street Aristocracy Got $1.2 Trillion in Secret Loans
Citigroup Inc. (C) and Bank of America Corp. (BAC) were the reigning champions of finance in 2006 as home prices peaked, leading the 10 biggest U.S. banks and brokerage firms to their best year ever with $104 billion of profits.
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By 2008, the housing market's collapse forced those companies to take more than six times as much, $669 billion, in emergency loans from the U.S. Federal Reserve. The loans dwarfed the $160 billion in public bailouts the top 10 got from the U.S. Treasury, yet until now the full amounts have remained secret.

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Your local bank profits from the banking fraud known as fractional reserve lending 

While the bankers may wear suits and appear respectable, they are actually looking to use your deposits to make themselves ten times wealthier while at the same time enslaving you in the debt that they create out of nothing whenever you become a borrower.  

It works like this:

As an aspiring bankster, I set up a bank, and invest $1,000 of my own cash.   Then I 'lend out' $10,000 to someone, either for consumer spending or to invest in his business.   How can I 'lend out' far more than I have? Ahh, that's the magic of the 'fraction' in the "fractional reserve':   I simply open up a checking account for Mr. Jones on my bank's computer and I type in the amount of $10,000, into Mr. Jones' account, which I am then happy to "lend' to him, since I just created the money out of thin air as I typed it into his account.   Why does Jones borrow from me?   Well, for one thing, I can charge a lower rate of interest than savers would if those savers actually lent Mr. Jones the money they had just earned and saved.   I don't have to save up the money myself, but can simply (almost like counterfeiting) create it out of thin air.   Since demand deposits at the modern bank function as equivalent to cash, the nation's money supply has just, by magic (as with counterfeiting) increased by $10,000.   This inflationary, quasi-counterfeiting process is under way, at full speed, at every bank in the nation.   No wonder a dollar buys ever less (of most goods & services) with each passing decade.

However, while the money you borrow from a bank is created out of nothing, you must actually produce real goods and services, to earn real money, to use to pay back the bank, plus interest.     In short, they loan you what amounts to counterfeit money, and you pay them back with real money.     What a great racket -- for them.   That's how banksters become phenomenally wealthy (at our expense).   Of course, the largest banks, which most likely own shares of the Fed as discussed earlier, make the most money from this racket.   And it amounts to hundreds of billions of dollars every year -- transferred, by this racket, from we the people, to them.

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Several years after receiving my M.A. in social science (interdisciplinary studies) I was an instructor at S.F. State University for a year, but then went back to designing automated machinery, and then tech writing, in Silicon Valley. I've (more...)

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