Keiser Report: JP Morgan’s Financial Herpes

City of London School JP MorganIn the latest Keiser Report, Max Keiser and Stacy Herbert discuss the Lilliputian view on fraud and theft and how this applies to the chief banking knaves at JPMorgan. In the second half, Max interviews Marc Armstrong of PublicBanking.org about turning depositors into shareholders as a fraud recipe shared amongst the Too-Big-To-Fail banks. With public banking, interest is returned to the economy from whence it came.

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Comments

  1. The second half of this keiser report was one of the best ones in recent memory imo. Laying out the concept of how the TBTF banks have captured every corner of finance rather than chasing some hyperbolic idea was refreshing.

  2. “Centralization of credit in the hands of the state, by means of a national bank with State capital and an exclusive monopoly.” –5th Plank of the Communist Manifesto

    Whether credit is loaned into circulation by banks (banknotes) OR by governments (Bills of Credit, aka: Treasury Notes), the destruction of optimal price discovery is the same. The result is creeping impoverishment by rising costs of living.

    In the specie money scheme, however, because BOTH money and goods are subject to supply-demand forces, they trend toward equilibration, where the amount of money in circulation roughly balances with the amount goods-at-market in any given period of time.

  3. We went to donate blood today. When producing my Blood Bank card the receptionist noticed that I had a Chase Card.  She told me I could not donated blood. 
    Why? I asked.
    ‘You have herpes’, she said. 
    Herpes?!?!  WTF.
    ‘Yes, she said, you use a Chase Card.  We can’t take your blood.  You are infected;  a carrier. You have derivitosis herpei”
    I went to my local JPM Chase branch and asked them if I could donate blood.
    They said sure—we can rehypothecate your hemoglobin to the HSBC a hundred times over before close of business. 
    I’m typing this from their vault.  They said they’d let me out on Monday   Help!!
    Moral of the story  Don’t leave home with a Chase Card.

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