Friday, August 1st, 2014

CEO of JPMorgan – You Don’t Need to Know How Banking Works, Just Shut Up and Pay Us.

Nick Sorrentino
AgainstCronyCapitalism.org
January 24th, 2013
Reader Views: 2,184

Jamie Dimon in Davos Switzerland today explaining why people don’t need to know what’s going on in the banking world. It’s too “complex.” Just know that their fee comes from managing this ball of financial confusion. And that’s all you need to know.

There, don’t you feel better? I mean it’s not like the world bailed out the whole banking system or anything. We should have faith.

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Contributed by Nick Sorrentino of AgainstCronyCapitalism.org.

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  • oneman

    Sorry, Jamie, but the banking system really isn’t all that difficult to understand. Thanks to G. Edward Griffin, and others, we now know EXACTLY how it works.
    The central banks created money and credit from thin air, then use that funny money to buy government – and, sadly, the citizens of those governments. See for example:

    http://whatreallyhappened.com/WRHARTICLES/allwarsarebankerwars.php

    They allow governments to run, not on taxation (that’s just for show and control), but on a constantly maxed-out credit card, upon which only minimum monthly payments are due, and MORE must be constantly borrowed!
    Banksters, like Jamie, make their money the old fashion way – they run “legal” counterfeiting operations, and conduct Ponzi-scheme ‘biz-ness’.

    Well,Jamie, you can arrogantly continue your “spin” (lies),but some of us are onto you and your criminal cohorts; and more are catching on daily. Your time is running short.

  • Stef

    The earth must be rid of these parasitic scum.

    • wolf

      Well said

    • Nexus789

      Should have done what the Icelanders did…close the banks down. Tell the other parties to get stuffed and take the bankers to court prosecute them and then jail…bail out the people not the bankers.

  • Anonymous

    JP MORGAN + GOLDMAN SACHS ARE NEXT TO CRUMBLE.
    APPLE HAS JUST BEGUN ITS DESCENT.

    REMINDER: ANYONE WHO BANKS WITH ‘BIG ‘ BANKS HAS BLOOD ON THEIR HANDS.

  • wolf

    Hopefully, someone will shoot this bankster prick in the head

    • Nexus789

      Nothing there to hit.

  • de-centralized banking

    Align your money with your values.

    Centralized banks are the main funders of environmentally harmful industries such as nuclear, coal, and clear cutting logging companies. They are also responsible for the most recent economic collapse that caused people around the world to lose their homes, their jobs, and their retirements. They use customer’s deposits to make these destructive loans. Are these the projects you want to keep supporting with your deposits? If not, then pull your money out of centralized banks and find a community bank or credit union that invests in good local community projects.

    If you bank at one of the following banks – aka the “Tapeworm 20″ – we recommend pulling your money out immediately and finding a better alternative.

    1. Bank of America, US
    2. JP Morgan Chase & Co., US
    3. HSBC Holdings, UK
    4. Citigroup, US
    5. Mitsubishi UFJ Financial Group, Japan
    6. Industrial and Commercial Bank
    7. Wells Fargo & Co., US
    8. China Construction Bank Corporation, China
    9. Bank of China, China
    10. Royal Bank of Scotland, UK
    11. BNP Paribas, France
    12. Barclays, UK
    13. Banco Santander, Spain
    14. Agricultural Bank of China, China
    15. Credit Agricole, France
    16. Sumitomo Mitsui Financial Group, Japan
    17. Mizuho Financial Group, Japan
    18. Lloyds Banking Group, UK
    19. Goldman Sachs, US
    20. UniCredit, Italy
    A 3 Step-Guide to Move Your Money to a Local Bank:

    1) Gather a list of local banks and credit unions.

    You can usually come up with a list by calling your Chamber of Commerce, contacting a local credit union and asking about other local banks, or by using the yellow pages. Facebook and other friend-based social networks can help you learn which banks are best. Many local Banks and Credit Unions will also help you distinguish the real local establishments from those simply trying to sound community-based.

    Don’t be fooled by the name…Union Bank of California is owned by Mitsubishi in Japan and funds some of the most destructive logging ventures on the planet.

    if you live in the U.S., you can also enter your zipcode here to find local banks in your area. Another useful resource is moveourmoneyusa.org.

    2) Evaluate the banks by calling around and visiting their websites.

    The first and most important questions you want to ask are:

    What percentage of your money is loaned locally? (The more, the better)
    Are you owned by a bigger bank or do you intend to be bought-out? (If so, find a different bank)
    Are you FDIC insured? (Never put more than $250,000 in one bank)

    3) Consider your own needs and what the bank offers to make your final selection. Is the bank doing what you care about and offering services that are important to you?

    Some things you may want to consider:

    Does the bank have a good reputation in the community?
    Is the bank committed to supporting local businesses, environmental stewardship, social and economic equality, and other values of particular importance to you?
    Are employees at the bank paid well, local, diverse, and seemingly cared for in their jobs?
    Do they have sound business practices and financial statements? Analyze their annual reports.
    How close would you like the bank’s location to be to your home or place of work?
    What are the hours of operation? Does this work with your schedule?
    Does the bank have good customer service?
    What are their ATM fees? Are there multiple ATM’s in town?
    Can you access the bank or credit union through international ATM machines to make travel easy?
    What type of online banking services do they have?
    Is paperless billing an option?
    Do they have any mileage credit cards if that’s important to you?
    Can you apply to see what credit limit you qualify for before opening an account? If it’s lower than you current limit, ask if a transfer of credit is possible.
    What are their lending and investment services like?
    What are their Certificate of Deposit interest rates?
    What are their wire transfer fees?
    If some of the services you have received from a large bank are not available, ask what they would need to implement the service. It may be that if enough customers show an interest and a commitment that the bank can accommodate a request. In our experience, this has been the case with waiving ATM fees, granting larger credit limits and providing international services.

    Local Banking Resources:

    Move Your Money Campaign – This campaign partners with other organizations to promote local banking. So far they’ve moved hundreds of millions of dollars out of Wall Street mega-banks. You can enter your zipcode on their website to search for local banks and credit unions in your area.

    Audio Guide with Catherine Austin Fitts on Banking Locally – This audio seminar is a great introduction to the benefits of banking locally and the story of one woman’s successful transition from a centralized to a local bank.

    Rainforest Action Network is leading a nationwide movement to stop the two largest funders of coal power plants: Citibank and Bank of America. You can find out more and join the movement on their website.

    Kyle Thiermann, a young pro surfer from Santa Cruz, California inspired people to move over $100 million of lending power from Central Banks to local banks as a result of his initial video project, Claim Your Change. The video shows how people’s deposits in Bank of America could be funding the development of a coal-power plant in Chile. Find out more on his website, http://surfingforchange.com/.

  • Nexus789

    More ‘enchanted world’ bollocks from the leading banking retard. Banking is a rip off…a scam to skim billions, if not trillions from the people that actually create value in the real world. They are vermin that are no different from leeches that suck our blood.

  • Ricki

    Best explanation (8 videos) I have seen on banking. Straight talking woman.Superb explanation.
    http://www.youtube.com/watch?v=7dFVFJ0iRRA

  • GrandpaSpeaks

    Actually Jamie it isn’t so complex. The repeal of the Glass-Steagall Act in 1999 has only taken 14 years to prove that repeal was a big mistake. The shot heard round the world will be the derivatives bubble popping. Mustn’t let the populace face that armed, with truth, knowledge and lead.

  • BubbaT

    Sounds like this scumbag needs to meet with an accident.

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