MooPig Financial Trends :: "Bank Subsidies"

Government Cheese
Re-fashioned by Pat Darnell | June 29, 2013 | Bryan TX

"This is a clear case of socialism for the rich, -- and rugged, you're-on-your-own individualism for everyone else." (Bernie Sanders)  [Picture/MEME from faceBook]

Why Should Taxpayers Give Big Banks $83 Billion a Year? - Bloomberg: "So what if we told you that, by our calculations, the largest U.S. banks aren't really profitable at all? What if the billions of dollars they allegedly earn for their shareholders were almost entirely a gift from U.S. taxpayers?"

'via Blog this'

On television, in interviews and in meetings with investors, executives of the biggest U.S. banks -- notably JPMorgan Chase and Co. Chief Executive Jamie Dimon -- make the case that size is a competitive advantage. It helps them lower costs and vie for customers on an international scale. Limiting it, they warn, would impair profitability and weaken the country’s position in global finance.

In June 2011 Bernie Sanders and crew audited for the first time ever "from top to bottom" the Federal Reserve. It revealed that $16 trillion was provided by American banks, during the greatest economic failure since the Great Depression. The trillions were used to bail out "American and foreign, banks and businesses.

" ... Among the investigation's key findings is that the Fed unilaterally provided trillions of dollars in financial assistance to foreign banks and corporations from South Korea to Scotland, according to the GAO report. "No agency of the United States government should be allowed to bailout a foreign bank or corporation without the direct approval of Congress and the president," Sanders said. (Sanders, Bernie. June 21, 2011. LINK ) ... "

In Senator Sander's report from his web site it is implied that no one knows what the Federal Reserve System is, or how it does what it does; except for those employed by it. Those few executive yes men and women sitting at CEO positions at FRBNY, Federal Reserve Bank New York, and others are privy to secret information known only to the owners of the Federal Reserve Banks. Central Banks of Europe are included in this banking cartel.

For example:

"...the CEO of JP Morgan Chase served on the New York Fed's board of directors at the same time that his bank received more than $390 billion in financial assistance from the Fed. Moreover, JP Morgan Chase served as one of the clearing banks for the Fed's emergency lending programs. (Sanders, Bernie. June 21, 2011. LINK ) ... "

CONCLUSION
If the Federal Reserve Bank were a mouth, it would be chock full of cavities. Deep, dark, secret caves exist in our financial system.

"Neither bank executives nor shareholders have much incentive to change the situation. On the contrary, the financial industry spends hundreds of millions of dollars every election cycle on campaign donations and lobbying, much of which is aimed at maintaining the subsidy. The result is a bloated financial sector and recurring credit gluts. Left unchecked, the superbanks could ultimately require bailouts that exceed the government’s resources. Picture a meltdown in which the Treasury is helpless to step in as it did in 2008 and 2009. (By the Editors. Feb 20, 2013. LINK and LINK) ... "

NEXT WEEK ::  The Federal Reserve Act of 1913 is scheduled to expire at midnight December 31, 2013. It's renewal needs to be stopped.

__________________Reference
http://www.bloomberg.com/news/2013-02-20/why-should-taxpayers-give-big-banks-83-billion-a-year-.html
http://www.sanders.senate.gov/newsroom/news/?id=9e2a4ea8-6e73-4be2-a753-62060dcbb3c3
http://www.sanders.senate.gov/imo/media/doc/GAO%20Fed%20Investigation.pdf
http://www.opensecrets.org/industries/index.php

Recall This!!!!

Somebody is defecating where they eat. China is becoming a model for what is called the Wheel in Rugby. The scrum is thrown into a spin by one team when half of one team's cunningly bloody scrum quits pushing and drops backward, and the other half pushes the mass of bodies into a hyperbolic paraboloid. Hooker foots a dribble to the scrum half who is tearing down the weak side of the field like a fly half. Great in seven a sides. Are our distant Nemesis's doing all this intentionally? Throwing global trade into disarray?

Distribution: What do you do with a drunken sailor? You chat him up and steal his money.. that's what. I would rather have the low caste of freight ship captains drop the useless dog food containers into deep sea, than have a recall. Have you ever been in the retail business? You see, customers come in and spend a certain fare per square foot of the total store area. To do that requires a continuous shopping experience. Handling stock items four of five times, is a joke; a sad embittering tale of woe.

If I have to remove bloody killer dog food, that comes in 55 lbs. bags, from 300 lineal feet of heavy duty shelving... then it is a total clauster-frak. Kapish?

China is a group of less than artisans who are contracted to make products for the world consumer, but mostly the US consumer, namely Scruffy in the backyard.

Comparison: A Chinese is able to live off one grain of rice three times a day, and a bowl of Chinese Stew. The average dog food bag stuffer in China has no idea what the hell this 55 lb bag of stuff is used for. They have no idea of the end-use. Alex Foo, packer jogger at Kibble Bits dog food factory says this: "What is this bag for? It feed families in United States?"

My wifey had to go to Wal-Mart yesterday and move what we calculate to be 8000 lbs of tainted dog food. As Merchandiser for vendors trade in the number one retailer in the world, pronounced Wal-Malt in China, she has to do all this by her self, as shoppers steered baskets and some L'il Amigas electric courtesy scooters around her. Land o' goshen, it's a small town so finally a couple of allies started to pitch in as the pallets of recalled product became taller than she is. "It was at one point recall by cascading bags," said Mrs Wife as the day's events were retraced.

So, is there a solution to recall being diminished by educating Chinese in the "end-use" of the product they are mass producing? I am afraid so: bring Chinese here, expose them to non-edible dog breeds; then return to factory and report. The only problem might be that they would want to stay here once they see their children grow into enormous heights, and play on professional teams. I am thinking volleyball, and basketball and of course rugby, they already know the illegal scrummage Wheel maneuver.