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09:19 PM
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the welfare state today, in a nutshell:
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[quote:Anne O'Mally:MV8xOTExMDg0XzMxOTY1NTQ4XzRBRTYxNDdF] In short, the Federal Reserve is controlled by four large private companies: BlackRock, State Street, Vanguard and Fidelity. These companies control U.S. monetary policy (and world) without any control or “democratic” choice. These companies launched and participated in the current worldwide economic crisis and managed to become even more enriched. To finish, a look at some of the companies controlled by this “big four” group Alcoa Inc. Altria Group Inc. American International Group Inc. AT&T Inc. Boeing Co. Caterpillar Inc. Coca-Cola Co. DuPont & Co. Exxon Mobil Corp. General Electric Co. General Motors Corporation Hewlett-Packard Co. Home Depot Inc. Honeywell International Inc. Intel Corp. International Business Machines Corp Johnson & Johnson JP Morgan Chase & Co. McDonald’s Corp. Merck & Co. Inc. Microsoft Corp. 3M Co. Pfizer Inc. Procter & Gamble Co. United Technologies Corp. Verizon Communications Inc. Wal-Mart Stores Inc. Time Warner Walt Disney Viacom Rupert Murdoch’s News Corporation., CBS Corporation NBC Universal The same “big four” control the vast majority of European companies counted on the stock exchange. [/quote]
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i see the welfare country ramping up to bolster jp morgan and the corporations that own welfare. it's very big business and allows them to take a fall in other areas by recouping off the welfare state.
Making Money On Poverty: JP Morgan Makes Bigger Profits When The Number Of Americans On Food Stamps Goes Up
[
link to theeconomiccollapseblog.com
]
All of this makes JP Morgan very happy, because JP Morgan has been making money by the boatload on food stamps. Right now, JP Morgan Chase issues food stamp debit cards in 26 U.S. states and the District of Columbia. The division of JP Morgan Chase that issues these debit cards made an eye-popping 5.47 billion dollars in net revenue during 2010. JP Morgan is paid per customer, so when the number of Americans on food stamps goes up, they make more money.
***
Despite the historic rise in food stamp use, however, the Obama Administration believes not enough people are receiving food stamps who should be and is offering $75,000 grants to groups who devise “effective strategies” to “increase program participation” among those who have yet to sign up.
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