Too Big To Fail & Too Big to Give A Damn
If we examine the assets of the major US banks and investment banks, there are six with market capitalisation above $1 trillion: Goldman Sachs Group Inc. (NYSE: GS), Morgan Stanley (NYSE: MS), JP Morgan Chase & Co. (NYSE: JPM), Citigroup Inc. (NYSE: C), Bank of America Corp. (NYSE: BAC) and Wells Fargo Co. (NYSE: WFC). The next largest bank with market capitalisation at about $300 billion is PNC Financial Services (NYSE: PNC). The six largest banks in America which share ownership* of the Federal Reserve are at least three to four times the size of their nearest competitor. Those six banks increased their market capitalisation and size as a result of the 2008 global financial crisis. Their position of dominance is guaranteed because they hold a monopoly on the supply of money to the US economy. Clearly the golden rule applies; he with the gold, rules. Or in the American case, whoever controls the supply of credit at 33 Liberty Street, controls Wall Street and therefore the United States.
Free Gonzo T-shirts to the first 5 people who can find the source that I got the above info from. There is an email link to the right. Thank you!
I’ll answer some more questions tomorrow. It’ll be on my mind as I have to pay the Sheriff a visit about Hunter’s suicide crime scene investigation before I make the next move on the application to turn this house into a Historical landmark. One step at time. This time of year is the worst. But it has to be done, one step at a time. Otherwise the mendacity and sting will bleed into the generations. Hunter, we love you. We will never forget you.
Anita
