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the welfare state today, in a nutshell:

 
Anne O'Mally
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06/28/2012 02:22 PM
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the welfare state today, in a nutshell:
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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Anne O'Mally (OP)

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06/28/2012 02:23 PM
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Re: the welfare state today, in a nutshell:



Apparently states have found that they can save millions of dollars by "outsourcing" the provision of these benefits to big financial firms like JP Morgan.

So what happens if you have a problem with your food stamp debit card?

Well, you call up a JP Morgan service center. When you do this, there is a very good chance that you are going to be helped by a JP Morgan call center employee in India.

That's right - it turns out that JP Morgan is saving money by "outsourcing" food stamp customer service calls to India.
worth my weight in squirrels.
Anonymous Coward
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06/28/2012 02:26 PM
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Re: the welfare state today, in a nutshell:
The welfare state is direct government transfer payments to the big corporations thru the poor who keep none of it.

Welfare was created to destroy the middle class. And as far as I am concerned it will succeed.
Anne O'Mally (OP)

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06/28/2012 02:33 PM
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Re: the welfare state today, in a nutshell:
The welfare state is direct government transfer payments to the big corporations thru the poor who keep none of it.

Welfare was created to destroy the middle class. And as far as I am concerned it will succeed.
 Quoting: Anonymous Coward 18744974



worth my weight in squirrels.
Anne O'Mally (OP)

User ID: 18735247
United States
06/28/2012 02:43 PM
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Re: the welfare state today, in a nutshell:
[link to articles.cnn.com]

JPMorgan Chase scolded for military mortgage mistakes
CREDIT CARD
February 10, 2011|By Jennifer Rizzo, CNN

A JPMorgan Chase executive admitted to Congress that the bank did a "terrible job" of dealing with military home loans.

The bank has admitted to overcharging approximately 4,500 members of the U.S. military on their mortgages and said it accidentally foreclosed on 18 service members' homes.
worth my weight in squirrels.
Anne O'Mally (OP)

User ID: 18735247
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06/28/2012 02:52 PM
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Re: the welfare state today, in a nutshell:
Many people have heard of the Bilderberg Group, Illuminati or the Trilateral Commission. But what are the names of the families who run the world and have control of states and international organizations like the UN, NATO or the IMF?

To try to answer this question, we can start with the easiest: inventory, the world’s largest banks, and see who the shareholders are and who make the decisions.

The world’s largest companies are now: Bank of America, JP Morgan, Citigroup, Wells Fargo, Goldman Sachs and Morgan Stanley.

Let us now review who their shareholders are.

[link to www.thetotalcollapse.com]
worth my weight in squirrels.
Anne O'Mally (OP)

User ID: 18735247
United States
06/28/2012 02:55 PM
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Re: the welfare state today, in a nutshell:
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.
worth my weight in squirrels.
Anne O'Mally (OP)

User ID: 18735247
United States
06/28/2012 10:37 PM
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Re: the welfare state today, in a nutshell:
Thread: Cyber Bank HEIST BILLIONS Stolen.......Banks Face Margin Calls
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Xerces

User ID: 1509736
United States
06/29/2012 05:08 AM
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Re: the welfare state today, in a nutshell:
Great post, well written.

bumps
"A truth's initial commotion is directly proportional to how deeply the lie was believed. When a well-packaged web of lies has been sold gradually to the masses over generations, the truth will seem utterly preposterous and its speaker, a raving lunatic."
-Dresden James

"All truth passes through three stages. First, it is ridiculed, second it is violently opposed, and third, it is accepted as self-evident."
-Arthur Schopenhauer
Anonymous Coward
User ID: 17500460
Australia
06/29/2012 05:13 AM
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Re: the welfare state today, in a nutshell:
Its true I guess people get welfare and so do the banks really.
Banks are welfare they create the money out of thin air with governments permission.
But the mind controlled conservative types can not see this no matter how you try to explain it.
Im against conservatives and liberals I am a libertarian but I would side with the Conservatives over the damn Marxists who are complete lunatics.
mrroy

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06/29/2012 05:41 AM
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Re: the welfare state today, in a nutshell:
Late nite bumppigchef
we're here to go
A Brit
User ID: 18338238
United Kingdom
06/29/2012 05:55 AM
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Re: the welfare state today, in a nutshell:
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.
 Quoting: Anne O'Mally


Any economic system is open to exploitation. What is important is good will. With goodwill any system can succeed in serving a nation and maintaining a happy and healthy citizenry. Capitalism, socialism, it can work, it doesn't matter. But both systems need good will.
Rather than attacking a system of ensuring a living income and health care for everyone (welfare) attack the undemocratic political systems in the US and Europe. In truth by every measure we are living in the fourth reich.

Rather than Zich Heil better liberte fraternite egalite.
Me too

User ID: 18794900
Mexico
06/29/2012 03:44 PM

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Re: the welfare state today, in a nutshell:
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.
 Quoting: Anne O'Mally


Good research OP!
Who is John Galt?
Anne O'Mally (OP)

User ID: 18847930
United States
06/30/2012 10:53 PM
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Re: the welfare state today, in a nutshell:
thanks for looking, ya'll. :)

heartrock
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Anne O'Mally (OP)

User ID: 18847930
United States
07/04/2012 06:23 PM
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Re: the welfare state today, in a nutshell:
bump
worth my weight in squirrels.
Anne O'Mally (OP)

User ID: 18847930
United States
07/08/2012 12:55 AM
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Re: the welfare state today, in a nutshell:
bump
worth my weight in squirrels.

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