Banks: Are they really the bad guys?By admin
We are constantly bombarded in print, radio, and other media that banks have somehow taken over and are the most evil of institutions.
We hear that banks have taken over everything, even our own government, with their money printing and interest loaning schemes.
We even hear that they control the economy, and that they make the decisions as to what will happen to the economy, as if the whole world is simply hanging off of the simple pen stroke of the Federal Reserve or the less than humble “mayor” of banking, Sir Rothschild and sons.
But are these stories true?
Are the banks indeed above the law and in control?
Well… the short answer is absolutely not!
The long answer, however, will take some doing…
National Banks Are Made By The Government!
National banks in the United States are” chartered” by the Federal Government of the United States. And, just like any other corporation in the Corporation that is United States Incorporated (government), these banks are controlled and regulated by said government. To suggest that banks are above the government or have control over said government is ridiculous, since these banks are U.S. Corporations. If you start a corporation, your business will be under the same regulations of Federal and State tyranny. And, as long as you cooperate, pay your taxes, and never interfere with the governments “take” in the form of profits and ownership in its investment held corporations (all Fortune 500 corporations and most major international corporations), you can run your little business as you wish within the limitations and constraints of government corporate law.
So what makes you think that national banks and the Federal Reserve are any different?
They too are government chartered, regulated by, and must follow the laws set forth by the Federal government: though they often bypass state laws since Federal statute allows for banks to follow only the usury laws of the state they are incorporated within (which is why the majority of banks are incorporated in Delaware).
So to suggest that banks have somehow gotten out of control or that they are running the government is preposterous!
And here’s why…
The Government Owns These Banks Through Collective Stock Investment!
As of June 30, 2009…
California State Teachers Retirement System (CalSTRS) owned 15,178,407 shares of JP Morgan Chase stock, with a market value of $517,735,463
California Public Employees’ Retirement System (CalPERS) owned 11,096,822 shares of JP Morgan Chase stock, with a market value of $378,513
New York State Teachers Retirement System owns 230,612,653 shares of JP Morgan Chase stock, with a market value of $430,617,943
New York State and Local Retirement System owned 15,401,817 shares of JP Morgan Chase stock, with a market value of $689,231,311 – it also owns 36,845,430 shares of Bank of America stock ($657,690,926) – and 19,391,801 shares of Wells Fargo stock ($603,472,847)
Utah Retirement Systems owned at least 1,620,455 of JP Morgan Chase stock, with a market value of at least $67,542,360 – it also ownes at least 1,357,950 shares of Wells Fargo Bank
As of December 31, 2009…
Texas County and District Retirement System owned $38,100,000 worth of JPMorgan Chase Stock, and $37,800,000 worth of HSBC Holdings PLC stock
Teacher Retirement System of Texas owned 24,645,636 shares of Citigroup Inc. ($1,078,739,488) – 18,847,368 shares of Bank of America Corp. ($811,002,245) – 12,846,591 shares of American International Group Inc. ($760,518,187) – 12,749,900 shares of HSBC HLDGS Plc. ($204,776,965) – 3,900,940 shares of Royal Bank Scot Grp Ord ($113,730,029) –
As of June 30, 2009…
The State Government of Florida owned $503,973,296 worth of JP Morgan Chase stock. And it has ownership stock in all of the following in just one pension fund…
AMERICAN EXPRESS CO CONSUMER FINANCE $143,108,183
BANK OF AMERICA CORP OTHER DIVERS FINCL SVCS $453,561,129
BANK OF CHINA LTD CNY1 CHINA $27,043,166
CAPITAL ONE FINANCIAL CORP CONSUMER FINANCE $67,724,069
CITIGROUP GLOBAL MARKETS HLDGS VIETNAM $265,547
CITIGROUP GLOBAL MARKETS HLDGS VIETNAM $709,060
CITIGROUP INC OTHER DIVERS FINCL SVCS $224,134,769
DEUTSCHE BANK AG ORD NPV REGD (GERMANY) $36,968,333
DISCOVER (Card) FINL SVCS COM CONSUMER FINANCE $30,331,427
FIFTH THIRD BANCORP REGIONAL BANKS $42,679,179
HSBC HLDGS ORD USD0.50 (UK) $188,386,651
HSBC HLDGS USD0.50 (HONGKONG) $58,863,130
MASTERCARD INC DATA PROCNG/OUTSRCD SVCS $89,987,830
MORGAN STANLEY INVESTMNT BKG & BROKERAGE $98,343,415
T ROWE PRICE GROUP INC ASSET MGMT & CUSTODY BNKS $46,325,847
VISA INC DATA PROCNG/OUTSRCD SVCS $142,862,149
WELLS FARGO & CO DIVERSIFIED BANKS $413,485,056
ZIONS BANCORPORATION REGIONAL BANKS $15,469,162
BANK ALFALAH LTD PKR10 (PAKISTAN) $292,115
BANK BNI TBK LKD SHS(IDR7500 & INDONESIA) $508,749
BANK CENTRAL ASIA IDR62.50 INDONESIA $3,054,626
BANK COOP AG CHF20(BR) SWITZERLAND $79,655
BANK HAPOALIM B.M. ILS1 ISRAEL $12,772,437
BANK LEUMI LE ISRAEL B M ORD ISRAEL $5,284,179
BANK MARIN BANCORP COM REGIONAL BANKS $176,668
BANK MUTUAL CORP THRIFTS & MTG FINANCE $749,510
BANK OF AYUDHYA ALIEN MKT THAILAND $1,570,987
BANK OF BARODA INR10 (DEMAT) INDIA $11,704,380
BANK OF COMMUNICATION – RIGHT CHINA $212,530
BANK OF COMMUNICATIONS CO LTD CHINA $3,878,244
BANK OF COMMUNICATIONS CO. LTD CHINA $40,386
BANK OF CYPRUS PUBLIC CO LTD CYPRUS $1,478,907
BANK OF EAST ASIA HK$2.50 HONG KONG $6,240,641
BANK OF GEORGIA-144A GDR GEORGIA REPUBLIC $443,495
BANK OF HAWAII CORP REGIONAL BANKS $11,141,387
BANK OF JORDAN JOD1 JORDAN $61,920
BANK OF KYOTO Y50 BANKS $1,936,581
BANK OF MAHARASHTRA INR10 INDIA $94,739
BANK OF MONTREAL CDN DIVERSIFIED BANKS $18,975,552
BANK OF NAGOYA JPY50 BANKS $193,200
BANK OF NEW YORK MELLON CORP/T ASSET MGMT & CUSTODY BNKS $108,977,067
BANK OF NOVA SCOTIA CDN DIVERSIFIED BANKS $47,674,638
BANK OF PIRAEUS EUR4.77 GREECE $841,568
BANK OF QUEENSLAND LTD AUSTRALIA $1,437,587
BANK OF RYUKYUS Y500 BANKS $407,035
BANK OF SAGA Y50 BANKS $204,022
BANK OF THE OZARKS INC COM REGIONAL BANKS $5,534,880
BANK OF THE PHILIPPINE ISLANDS PHILIPPINES $8,042,154
BANK OF YOKOHAMA Y50 BANKS $3,708,115
BANK PEKAO PLN1 POLAND $14,415,466
BANK PPH POLAND $54,518
BANK RAKYAT INDONESIA INDONESIA $13,911,437
BANK VOZROZHDENIYE RUB10 RUSSIA $1,813,633
BANK ZACHODNI WBK PLN10 POLAND $898,968
BANKERS PETROLEUM LIMITED CDN OIL & GAS EXPL & PROD $630,984
BANKFINANCIAL CORP THRIFTS & MTG FINANCE $147,801
BANKINTER S A EUR0.3 REGD SPAIN $951,705
BANKMUSCAT (SAOG) OMR0.1 OMAN $6,748,653
BANQUE AUDI SAL GDR REG ‘S’ LEBANON $378,680
BANQUE CANTONALE DE GENEVE SWITZERLAND $150,858
BANQUE CENTRALE POPULAIRE MOROCCO FRS DB $84,804
BANQUE MAROCAINE DU COMM MOROCCO $164,962
BANQUE NATIONALE DE BELGIQUE BELGIUM $370,079
BANCA GENERALI EUR1 ITALY $491,953
BANCA MONTE DEI PASCHI DI ITALY $1,213,561
BANCA POPOLARE DI MILANO ITALY $1,945,436
BANCFIRST CORP REGIONAL BANKS $1,042,517
BANCO BILBAO VIZCAYA SPAIN $18,329,664
BANCO BPI SA PORTUGAL $48,869
BANCO BRADESCO SA BRAZIL $46,650,450
BANCO COMMERCIAL PORTUGUESE PORTUGAL $1,049,155
BANCO COMPARTAMOS SA COM STK MEXICO $9,264,537
BANCO CRUZEIRO DO SUL SA PRF BRAZIL $34,127
BANCO DAYCOVAL SA PRF STK BRAZIL $744,519
BANCO DE ORO UNIBANK INC PHP10 PHILIPPINES $243,857
BANCO DE SABADELL SA NEW SPAIN $2,091,606
BANCO DE VALENCIA EUR0.25 SPAIN $523,964
BANCO DI DESIO E DELLA BRIANZA ITALY $675,331
BANCO DO BRASIL SA COM NPV BRAZIL $14,595,199
BANCO ESPIRITO SANTO SA PORTUGAL $1,006,972
BANCO ESTADO RIO GRANDE DO SUL BRAZIL $2,199,193
BANCO GUIPUZCOANO EUR0.25 SPAIN $4,922
BANCO INDUSTRIAL ET COMMERICAL BRAZIL $288,894
BANCO LATINOAMERICANO DE DIVERSIFIED BANKS $1,551,208
BANCO MACRO SA ARGENTINA $571,330
BANCO NOSSA CAIXA SA NPV BRAZIL $489,086
BANCO PASTOR SA EUR0.33 SPAIN $209,471
BANCO PATAGONIA SA BDR EACH ARGENTINA $201,033
BANCO PINE SA PRF STK NPV BRAZIL $188,972
BANCO POPOLARE SOC COOPERATIVA ITALY $2,123,982
BANCO SANTANDER (BRASIL) SA BRAZIL $3,419,902
BANCO SANTANDER BRASIL-ADS BRAZIL $12,792,145
BANCO SANTANDER CHILE NEW CHILE $35,964,440
BANCO SANTANDER SA – RTS SPAIN $1,552
BANCO SANTANDER SA EUR0.50 SPAIN $163,738,535
BANCO SANTANDER SA EUR0.50 SPAIN $266
BANCO SOFISA S A PFD SHS NPV BRAZIL $67,937
BANCOLOMBIA SA COLOMBIA $4,984,486
BANCOLOMBIA SA COLOMBIA $27,109,681.8
BANCORP INC DEL REGIONAL BANKS $220,641
BANCORP RHODE ISLAND INC COM REGIONAL BANKS $229,119
BANCORPSOUTH INC REGIONAL BANKS $3,693,111
BB&T CORP COM REGIONAL BANKS $64,779,613
CAPITAL CITY BANK GROUP INC REGIONAL BANKS $390,873
CAPITAL GOLD CORP GOLD $297,012
MF GLOBAL HLDGS LTD COM INVESTMNT BKG & BROKERAGE $2,775,197
SURUGA BANK LTD Y50 BANKS $2,230,253
SUMITOMO MITSUI GR NPV BANKS $39,559,087
SWS GROUP INC INVESTMNT BKG & BROKERAGE $427,534
UNION BK OF ISRAEL ILS0.01 ISRAEL $69,596
UNION BNK OF INDIA INR10 INDIA $4,237,967
Now if the enormousness of this is lost on you for God knows what reason, this is a very incomplete list of banks that the State of Florida has financial stock ownership investments in.
Since the State of Florida is just one of thousands and thousands of governments in the United States, the combined or “collective” ownership of banks should be apparent.
The government owns the banks.
The government regulates and de-regulates the banks.
The government pretends to be tough on banks… but why would they do that if the banks are making them money. Would a king prosecute himself if the people asked him to???
The government is the courts. And the attorney’s on both sides of the court work for the government (the court).
The government votes on mergers and acquisitions, Board’s of Director’s (and CEO’s through the boards, and other corporate governance issues. Each government with stock investments above gets a certain number of votes, depending on stock type and amount.
The banks fund political campaigns and were the same top contributors to Obama’s and McCain’s campaigns. Left and right, Democrat and Republican are illusion at the top of the pyramid.
When the banks fund both sides of a war, the government is voting to do this through proxy vote as majority shareholder.
The government runs the banks, not the other way around.
The banks are just one strongarm of government. To blame banks for the downfall of the economy would be like blaming an atomic bomb for destroying your city, without ever putting the blame on the government or military who built and launched that bomb.
QUIT BLAMING THE BANKS!!!
START PUTTING THE BLAME WHERE IT BELONGS!!!
THE GOVERNMENT IS THE BANKS!!!
THE GOVERNMENT IS THE PHARMACEUTICAL AND MEDICAL INDUSTRY!!!
THE GOVERNMENT IS THE AUTO INDUSTRY!!!
THE GOVERNMENT IS THE MEDIA!!!!!!!!!!
THE GOVERNMENT OWNS EVERYTHING… ALL PEICES OF THE CONTROL GRID!!!