Thursday, February 24, 2011

GM's IPO, JP Morgan likes Food Stamps

I hate to bring this up but for anyone interested GM is now trading below its IPO price of $33. We shall see if it closes there.

Yes I know the economy is improving.
Yes I realize things are much better in the economy.

How do I know this?

Well because the shills and pathological liars on financial television tell me so each and every day. Actually they ridicule anyone who claims any facts to the contrary so for sure they have to be right. Right?

Number of people receiving food stamps up 40% in the last 2 years.
Who cares economy is improving.

That 43.6 million Americans on foodstamps or 1 in 8 Americans are dependent on food stamps.
Who cares, economy is humming profits are robust.

A friend forwarded this Bloomberg segment on JP Morgan. Would you be shocked to learn that one of the premier financial terrorist organizations on the planet, JP Morgan, has their still sticky bail out fingers in this pie?

Of course you wouldn't.


video


So JP Morgan is the largest processor of food stamps in the country.

How JP Morgan handles this biz is quite interesting as well. There are reports which I cannot confirm at this juncture, that the food stamp business represents over $5 billion in net revenue to the banksters.

This all makes me think of a word. It starts with an F.... think Mussolini.

You got it ! Fascism.

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