Total bank assets in the United States equal $13 trillion. Twelve criminal Wall Street banks control $9 trillion of that money. These twelve banks control the country, with the full support of the Federal Reserve, which they own. These banks use their bottomless pit of fiat dollars to buy off politicians, government bureaucrats, and the corporate mainstream media. They are the oligarchs. They own you. They have robbed you. They have impoverished the nation for their own benefit. They will cause the destruction of this country. A showdown between the people and the bankers will happen. But, not until they collapse our economic system, again.
As of third quarter 2012, there were approximately 5,600 commercial banking organizations in the U.S. The bulk of these—roughly 5,500—were community banks with assets of less than $10 billion. These community-focused organizations accounted for 98.6 percent of all banks but only 12 percent of total industry assets. Another group numbering nearly 70 banking organizations—with assets of between $10 billion and $250 billion—accounted for 1.2 percent of banks, while controlling 19 percent of industry assets. The remaining group, the megabanks—with assets of between $250 billion and $2.3 trillion—was made up of a mere 12 institutions. These dozen behemoths accounted for roughly 0.2 percent of all banks, but they held 69 percent of industry assets. – Richard Fisher – Dallas Fed
Who is winning?
JIMSKI says:
Based on that chart when the SHTF banks should be the first target of the pitchfork wielding mobs not the government.
Don’t get me wrong we will get around to them too……..
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25th January 2013 at 10:28 am
harry p. says:
Yeah but the plan is for us to have nothing but pitchforks to defend ourselves by the time the poo-storm rolls around, the bankers will have hired goons that are exempt from any firearms restrictions.
Bad times ahead.
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25th January 2013 at 10:39 am
sangell says:
There is just no reason for a bank to have $2.3 trillion in deposits. The FDIC can’t insure such a massive concentration of the public’s money being in one bank. Further, such a large bank failing would have systemic effects on the rest of the financial sector.
Almost everyone know acknowledges the megabanks are too big. The political left and right are in agreement these banks need to be broken up. It is perhaps the one bi partisan initiative Washington could undertake yet nothing is done because the people with the ability to make it happen have been bought and paid for by these banks.
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25th January 2013 at 10:54 am
efarmer says:
Anti trust laws? What anti trust laws?
Rahmmy boy in Chicago is calling for Big Banks to stop lending to firearms manufacturers. With the stunning orders and profits caused by the loony left in congress, those manufacturers may not need them at the worst and may end up lending the banks money instead.
EF
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25th January 2013 at 11:32 am
KaD says:
http://solari.com/articles/beyond_the_fiscal_cliff/
You ask yourself, “I am only one person, what can I do?” Let me assure you that indeed each one of us can do a lot.
First of all we can act to protect our families and ourselves as much as possible from being drained and defrauded. Tremendous energy and resources can be gained when you stop feeding the parasite, and instead feed yourself and those whom you love. This includes putting as much distance between you, your health, and your resources and the people and institutions that are currently harming and harvesting you. It also includes shifting where we invest our time and resources, including building new skills.
Second, we can save time by not pursuing fake solutions – things that make us feel good temporarily, but lead to no real change, and distract us and drain more resources.
Third, our shift of consciousness can have a profound impact on the general shift in consciousness that is underway. Indeed, a shift in consciousness is required for real solutions to gain popular momentum.
Finally, we can organize with family, with friends, with neighbors, with colleagues and with local organizations to bring transparency to federal finances in our area and look for ways to reengineer those finances which help rebuild the economy in a manner that serves us well and those around us.
I call this process “Coming Clean.” As each one of us comes clean and withdraws from that which is harmful to ourselves and to others and instead engages with that which brings life and vitality, the easier it is for the next person to do so as well.
I have found that Coming Clean is a lifelong process – a journey. Start with what saves you time, gives you energy and work out from there. Each person is different, with each of us having our own unique talents and situations.
I do not have confidence in solutions that can be crafted inside the Washington beltway. The current financial challenges in the federal budget reflect deeply ingrained conflicts and even violent tensions within our society. I do have confidence in extraordinary environmental health and financial wealth that is possible if each one of us takes responsibility to proceed to Come Clean and build our future regardless.
Consider this an invitation to begin. As the composer John Cage once said, “Begin anywhere.”
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25th January 2013 at 11:54 am
AWD says:
Big banksters, impoverishing people at home, starving people abroad:
Goldman Sachs Made $400 Million Betting On Food Prices In 2012 While Hundreds Of Millions Starved
Why does it seem like wherever there is human suffering, some giant bank is making money off of it? According to a new report from the World Development Movement, Goldman Sachs made about 400 million dollars betting on food prices last year.
Overall, 2012 was quite a banner year for Goldman Sachs. As I reported in a previous article, revenues for Goldman increased by about 30 percent in 2012 and the price of Goldman stock has risen by more than 40 percent over the past 12 months. It is estimated that the average banker at Goldman brought in a pay and bonus package of approximately $396,500 for 2012. So without a doubt, Goldman Sachs is swimming in money right now.
But what is the price for all of this “success”? Many claim that the rampant speculation on food prices by the big banks has dramatically increased the global price of food and has caused the suffering of hundreds of millions of poor families around the planet to become much worse. At this point, global food prices are more than twice as high as they were back in 2003.
Approximately 2 billion people on the planet spend at least half of their incomes on food, and close to a billion people regularly do not have enough food to eat. Is it moral for Goldman Sachs and other big banks such as Barclays and Morgan Stanley to make hundreds of millions of dollars betting on the price of food if that is going to drive up global food prices and make it harder for poor families all over the world to feed themselves?
This is another reason why the derivatives bubble is so bad for the world economy. Goldman Sachs and other big banks are treating the global food supply as if it was some kind of a casino game. This kind of reckless activity was greatly condemned by the World Development Movement report…
“Goldman Sachs is the global leader in a trade that is driving food prices up while nearly a billion people are hungry. The bank lobbied for the financial deregulation that made it possible to pour billions into the commodity derivative markets, created the necessary financial instruments, and is now raking in the profits. Speculation is fuelling volatility and food price spikes, hurting people who struggle to afford food across the world.”
http://theeconomiccollapseblog.com/archives/goldman-sachs-made-400-million-betting-on-food-prices-in-2012-while-hundreds-of-millions-starved
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25th January 2013 at 1:00 pm
AWD says:
While millions starve thanks to Lloyd Blankfein and his pals, Lloyd himself just picked up a new mansion at the Hamptons on Long Island, where the mega-rich banksters go to eat lobster and caviar and relax at the beach. The cost? only $33 million, pocket chump-change for Lloyd and the boys.
Hamptons Prices Soar To Record As Lloyd Blankfein Parks $33 Million In 8,000 Square Foot Mansion
http://www.zerohedge.com/news/2013-01-24/hamptons-prices-soar-record-lloyd-blankfein-parks-33-million-8000-square-foot-mansio
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25th January 2013 at 1:06 pm
fool on the hill says:
Being a Vietnam vet, I have done a lot of research into how the richest most powerful nation on earth could suffer such humiliation.
My conclusion is:
With pointed sticks.
Soda cans.
Stray cartridges.
String and such.
And lots of courage.
IMAGINATION IS A WEAPON THE GOVERNMENT CANNOT OUTLAW!
America has become a cesspool of fat lazy cowards.
Their idea of taking a stand is:
Picking a NFL hero.
Or NASCAR hillbilly.
And on and on……………………
A neighbor helped me clean my chimney recently and brought me up to date on his thirty year old son who is a mechanical engineer.
He is hounded by headhunters.
I wonder if art history majors are having the same problem. YEAH RIGHT!
Thirty five years ago we moved up this mountain road, built our homes that we refer to as our sweat equity and out of about thirty who have tried are the only two who stayed.
For the record……….We live in Appalachia.
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25th January 2013 at 2:12 pm
AWD says:
Great chart. The Federal Reserve has pumped $3 trillion newly minted money into the economy, and wages have gone up .001%. The stock market, however, has done quite well.
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25th January 2013 at 3:00 pm
Administrator says:
Top 4 banks control $212 trillion of derivative weapons of mass destruction. This is 93% of the market.
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25th January 2013 at 2:12 pm