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How JP Morgan Took Over All Kentucky's Financial Services, And Why You Should Be Scared
08-05-2011, 06:55 PM #1
Upāsaka Member
Posts:1,127 Threads:252 Joined:Feb 2011
Quote:One of the major players in the global financial crisis is now in charge of all financial transactions in an entire state. Could this spread? YES

On July 1, JP Morgan Chase became the Commonwealth’s bank. As the state’s official depository, JP now receives all deposits, writes all checks and makes all wire transfers on the $12-15 billion that flow through Kentucky state government in the course of a fiscal year. It will cut payroll checks, receive federal and other funds earmarked for the state, and disburse educational or transportation or any other funds to their appropriate monetary endpoints. For its trouble, the bank will receive $1.3 million in state fees and the ability to re-lend idle state funds out to customers for private gain.damned.gif

Yes, you should be worried....AlterNet

JP Morgan Chase, one of the Fed's Powerhouse's is taking one of the final steps to absolute control, at State level.
08-05-2011, 08:26 PM #2
yankees skier
Posts:5,032 Threads:215 Joined:Feb 2011

08-05-2011, 08:38 PM #3
JayRodney ⓐⓛⓘⓔⓝ
Posts:30,268 Threads:1,493 Joined:Feb 2011
The banks now own the government and the vast majority of property, they can make the rules as they go along from this point forward, all bought and paid for courtesy the American bailout scam.
How do you like your elected officials now eh?
The transfer of all wealth is nearly complete, then they bring it crashing down hard, that the outcome also entails a population reduction that will walk hand in hand with it.



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