Tag: big banks profiting from war

ROADMAP FOR CREATING A BANK RUN

It’s these banks that benefit from regional banks going bust. JP Morgan is getting handed all the assets of First Republic, while the taxpayers eat the losses. Those top 4 banks were insolvent in March 2009 and should have been liquidated. Instead, the FASB was forced by Bernanke and Geithner to change the accounting rules and let these criminal banks decide their worthless mortgage securities were really worth 100 cents on the dollar. Your $700 billion TARP funds went directly into the pockets of Dimon and the rest of these criminal bankers. Anyone doing business with these banks is contributing to the downfall of America and slitting their own throats.

Click to visit the TBP Store for Great TBP Merchandise

Big Banks Making a Killing Off Global Hunger, Energy Crises

Guest Post by Jake Johnson

Russia’s war on Ukraine has wreaked havoc on global commodity markets, driving up energy and food prices and exacerbating the global hunger crisis, but the chaos has been a major boon for Wall Street commodity traders, new data show.

wall street record profit global hunger energy crisis feature

Russia’s war on Ukraine has wreaked havoc on global commodity markets, driving up energy and food prices and exacerbating hunger emergencies around the world.

But while disastrous for the global poor — millions of whom are living on the brink of famine — the chaos has been a major boon for Wall Street giants, according to new data showing that the world’s 100 largest banks are on pace to smash commodity trading profit records this year.

“The 100 biggest banks by revenue are set to make $18 billion from commodities trading in 2022,” Bloomberg reported last week, citing figures from the London-based firm Vali Analytics. “That would be the highest in the data, which goes back 14 years, and exceed the previous high watermark in 2009.”

Continue reading “Big Banks Making a Killing Off Global Hunger, Energy Crises”