Banksters Hit Record $100 BILLION in Profits in 2018

in #banking6 years ago (edited)

Bankers are gangsters. In most countries, they're holding the government's ability to print money hostage and reaping taxes to pay off the interest rate on the debt. They charge interest rates and make billions in profits. They keep us all working for their profits, while they hold a magical ability to create money out of thin air with their loans in the fractional reserve banking system.

It's a monumental fraud. And we pay the price for their manipulations of the monetary supply. Look at the 2008 financial crisis. This was caused by a corrupt banking system. Yet they still profit, year after year, in the aggregate for the banking system (despite losses in 2008).

Last year may seem like they are not making as much money if you only look at the banker bonuses being issued by the banks. But that appearance is deceiving. This year is a record breaking year for profits, as the 5 biggest banks amassed over $100 billion in profits, with shareholders and upper management benefiting the most.


Source

The 5 largest banks, which include JPMorgan, Bank of America, Wells Fargo, Citigroup and Goldman Sachs, have reported over $111 billion in profits. This is crazy when you think about it. 1/10 of a trillion in profits, for banks alone. They make most of the their profits from interest on loans.


Source

JPMOrgan and BoA has record years, with Goldman Sachs and Citigroup having their biggest annual profits since the 2008 financial crisis. If you recall, Goldman Sachs was in the middle of the subprime mortgage scandal. Yet, they are still around while other like Lehman Brothers have fallen on the sword.

The media is booming with comments about the economy being great, and 2019 looking to be even greater. Banksters don't see an end in sight just yet. JPMorgan CFO Marianne Lake said:

"Is it the end of a cycle? We don’t think so. We think the outlook for growth in the economy is still strong. The consumer is still strong and healthy, and we’re expecting to see, maybe slower, but still global growth going forward"

AsS far as she is concerned, the inflated economic bubble will keep going strong, pumping up even higher. If that happens, it only means a greater and more painful fall when the bubble finally bursts on this fantasy train set to wreck itself.

The economy is more running on fumes of anything real and tangible to keep it this high. It's mostly smoke and mirrors being blown up and out of our asses that's keeping this fraud going. We're in for a rude awakening when the fantasy economy we've fabricated in the clouds will fall and meet the pavement of the hard ground in reality.


Thank you for your time and attention. Peace.


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And this is just what they account for. I suspect that they may create money out of thin air to do secret deals that they extinguish to hide the secret money. Who really knows at the top level what they are creating and destroying.

Absurd the amounts you report on, and probably a drop in the bucket.

PYRAMID-Global-liquidity-inverted-pyramid.png

Why make a pyramid when you can make an inverted pyramid, lol.

#Inverted for the win!

That defies gravity. Destined to fall over :P

The derivatives market is a huge cluster fuck. Over $400 trillion, maybe $500 trillion? More money than the world has multiple times over... it's so delusional that these money manipulators can play the number magic games. The rest of us pay for all their deceptions.

"The consumer is still strong and healthy, and we’re expecting to see, maybe slower, but still global growth going forward"

The consumer has not been bled dry until sickly and weak yet.

Yes, we still have lots of life force in us to feed their empires of corruption :/

@krnel, we need the crypto (the needle) to pop the financial bubble (the banking sector).

Posted using Partiko Android

How do we do that? I think the crash will speed up crypto adoption, and not the other way around where crypto will pop the bubble...

They seem to have some secret pacts with governments and as a result they get away with a lot of sins

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