The Whistleblowers (Series): #26 - "JP Morgan knowingly mis-sold loans and lied - crashing the US economy". JP Morgan Is An Enemy of Honest Investors - Was Fined The Largest Fine in History.
In 2014, an ex employee of JP Morgan 'Alayne Fleischmann', came forward publicly after years of secrecy surrounding her whistleblowing at JP Morgan. She stated that JP Morgan (and other banks) had knowingly mis-sold many 'toxic' loans to other investors and had become hugely enriched in the process. The outcome was that JP Morgan was fined the largest fine ever for a single company - reportedly between $9 billion and $13 billion. The US economy took a major hit as a result of JP Morgan's criminal behavior and many of the poorest people in society no doubt lost their homes in the process.
When a bank boss discredits entire currencies - well, follow the money...
We have recently witnessed the crashing price of cryptocurrencies across the board, due in no small part to the head of JP Morgan (international investment bank) stating that 'Bitcoin is a scam' and 'only useful for drug dealers and criminals'. I showed yesterday how, in fact, JP Morgan has a long history of criminal behavior that has already been exposed and that JP Morgan even has their own patent for what they called a 'Bitcoin Killer' cryptocurrency - so this career criminal is once again looking to deceive the world for his own personal power gain.
Given that the recent nosedive in cryptocurrencies will have hit smaller investors hard, let's take a closer look at the background of this 'bank boss' and his 'bank' to find out whether we can trust his claims about Bitcoin...
'Credit' is itself a scam!
Before we look directly at JP Morgan though, here is an important piece of the puzzle that cannot be overstated. Those who have studied the finance industry to a deep level will understand already that the entire industry is based on fraud. That may be hard for many readers to grasp, however, it is the truth. This has been made possible by successive governments around the world being effectively controlled by the banks and their investors - plus by a general ignorance of most of us as to the mechanisms being used when we take out 'loans'.
The very short version is that most of the time, when you agree to take out a 'loan', the lender doesn't actually have the 'money' you are 'borrowing' at all! They simply create it out of nothing due to the magic of the so called 'fractional reserve' system, whereby banks can loan out 30 or more times the amount of money they actually have! They then charge interest on the loans, creating a situation where it is mathematically impossible for all of the loans to be repaid in full, with interest - the money simply does not exist anywhere in sufficient quantity for all the alleged debt to be repaid!
This basic maths of this means that it is guaranteed that a percentage of the people involved with these fraudulent 'credit cards', 'loans' and 'mortgages' WILL be unable to pay them back and not due to any fault of their own, but rather because the entire system is rigged and broken by design. This makes the alleged 'lenders' both criminal and an enemy of humanity since the imbalance that they are introducing causes real suffering, ill health and death for large numbers of people.
Sub Prime Mortgage/loans Crisis
The so called 'sub prime' loans 'scandal' was really just the tip of an iceberg of crime and fraud perpetuated by the large banking cartels. Due to the actions of Alayne Fleischmann and some others, the public came to understand that these large banks had been deliberately mis-representing the nature of the 'loans' that they had made to their 'clients' such that not only were loans being made which could not be repaid, but when they then sold on the debt to other investors, they again lied to those investors about the risks involved.
The news media and government span the story as if it alone was a 'serious threat to the stability of the world economy' - while simultaneously glossing over the deeper truth that this kind of activity is 'par for the course' and really fairly 'normal' within a system that is entirely fraudulent all the way through.
Alayne Fleischmann
Alayne was forced to remain silent for years about her whistleblowing as investigations were launched out of public scrutiny, but eventually spoke publicly in her first interview with Rolling Stone Magazine.
She also gave several video interviews, which you can view below - whereby she gives details of how her 'boss' would get angry if emails were sent to him since they would include incriminating evidence which could tie him back to the fraud - among other details that show the complicity of those involved in the crime.
Got Comments?
What do you think of this testimony? Do you have any relevant evidence to add? Let us know in the comments below. Thanks.
Wishing you well,
Ura Soul
Posts in this Series
- The Whistleblowers (Series): #1 - Pharmacuetical Professionals Expose the Massive Criminality of the Medical Industry
- The Whistleblowers (Series): #2 - German Doctor Admits Being Trained And Paid To Lie in Mass Media by CIA - Says Most Major Journalists Are the Same
- The Whistleblowers (Series): #3 - Exposing 911 as an Inside Job - Susan Lindauer, CIA Asset, Imprisoned & Drugged By US Gov/Mil. to Silence Her
- The Whistleblowers (Series): #4 - Eyewitness to Dutch 'Royals', Politicians & George Soros Engaging in Ritual Child Sacrifice?
- The Whistleblowers (Series): #5 - CIA Pilot Duped Who Flew Cocaine Smuggling Flights During Iran Contra Affair for The CLINTON Crime Syndicate
- The Whistleblowers (Series): #6 - A 2nd CIA Agent Describes Clinton/Bush Cocaine Smuggling Operation During the Iran Contra Affair
- The Whistleblowers (Series): #7 - UK MI5 Microwave Weapons Scientist - Illegal Microwave Weapons Tests on American & British Populations inc. Service People & Kids | Birth Defects, Cancer, Mental Illness | Crimes Against Humanity | MKUltra & More
- The Whistleblowers (Series): #8 - Witness to Child Ritual Murder At America's Bohemian Grove Club By George Bush Snr., Ex Pope Ratzinger, US Colonel Michael Aquino (Admitted Head of a Major Satanic Cult), Warren Buffett & Others.
- The Whistleblowers (Series): #9 - POWERFUL TESTIMONY From US Military Officer: ISIS Is Directly Funded By CIA Via Swiss Banks (UBS) And I Have Documentary Proof of Treason by US Government Members.
- The Whistleblowers (Series): #10 - US Gov. 'Economic Hitman': We Assassinate World Leaders & Use Corrupt Methods to Steal Resources Globally. America As World's Leading Terrorist State.
- The Whistleblowers (Series): #11 - British Police Detective's Attempts to Protect Children from Rape, Prostitution & Murder Were Stopped by His Corrupt Bosses!
- The Whistleblowers (Series): #12 - The Plutonium Files: US Government's Secret, Illegal Nuclear Experiments on Unknowing, Innocent Americans.
- The Whistleblowers (Series): #13 - 'Democracy Is A SCAM Designed By A Hidden Network of Oligarchs' - Highly Respected Ivy League Historian Spills The Beans!
- The Whistleblowers (Series): #14 - UK Ambassador: US/UK Knew There Were No WMDs In Iraq - Millions Dead on Fake Evidence For Political and Financial Gain.
- The Whistleblowers (Series): #15 - Soviet Defector in 1985 Explains How To Use Psychological Warfare Against Entire Nations Without Them Realising - Marxist Ideological Brainwashing of Students and Intellectuals.
- The Whistleblowers (Series): #16 - US Government Security Computer Specialist: US Gov. is Fully Infiltrated by Covert Groups & A Massive, Secret Human Implant Tracking Programs Have Existed for Decades - Built by Ex-Nazi Corporation 'Siemens'.
- The Whistleblowers (Series): #17 - Get Your Shots Or GET SHOT! African Polio Vaccination Program Delivered Deadly Live Virus Shots to Kids - Often at Gunpoint.
- The Whistleblowers (Series): #18 - Top Drug Company Sales Rep: I Was Trained to Mislead Doctors And The Public. 'Legal' Drugs Are Inherently Toxic & Dangerous.
- The Whistleblowers (Series): #19 - George Bush Jr's Own Chief Economist - 911 Was An Inside Job by The George Bush Government For Power Gain and Evil Intentions.
- The Whistleblowers (Series): #20 - Donald Trump's Biographer Comes Clean On Lying About Trump's Character For Money: "Trump Is A Habitual Liar, Has A Memory Of A Goldfish & Is Only Interested In His Own Image, In 'Winning' & Self Aggrandizement
- The Whistleblowers (Series): #21 - Award Winning Psychiatric Doctor: "Psychiatry Is Fraud!" - Psychiatristy Is Less Than Scientific And Is More About Power Than Healing.
- The Whistleblowers (Series): #22 - "Fluoride Can Cause Cancer" - The Cancer/Fluoride Connection Has been Covered Up For Decades - Dr. David Kennedy
- The Whistleblowers (Series): #23 - Covert Depopulation Programs Using Endocrine Disrupting Chemicals (e.g. Fluoride) Are Active In Almost Every Nation - Kevin Galalae
- The Whistleblowers (Series): #24 - Phil Schneider - "I Helped Build Some of The US Military's 100+ Massive, Deep Underground Bases, Worked at Area 51 And Killed Extra Terrestrials During An Underground Encounter".
- The Whistleblowers (Series): #25 - British Hacker Accessed NASA and US Navy Computer Networks - Finding Images of UFO Space Vehicles & A Secret US Space Fleet - Gary McKinnon
- The Whistleblowers (Series): #26 - "JP Morgan knowingly mis-sold loans and lied - crashing the US economy". JP Morgan Is An Enemy of Honest Investors - Was Fined The Largest Fine in History.
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Well, I must say this is quite a series!
Well done, and keep them coming.
Thanks! More to come, yes!
Great post and one of the most important I think. People are aware of the banking scams yet still obey them. I think bringing a viable alternative to the banks ie crypto is essential to the freedom of humanity.
I spend lot of time trying to explain to people the banking system is makes up all in debt so they profit and id we stopped that debt they would collapse an we'd all live happier every after (well much happier and a step closer to freedom). I like positive money's explanation, I often promote this. Not too keen on their solutions but breaking the brainwashing is first an foremost I think.
Yes, I also don't vibe with positive money. I have found, without exception, so far - that every group who has come along attempting to create a replacement financial system has also been quietly attempting to use it to gain personal power in an unbalanced way.
My own take is that I know that free is an opposite to 'money' - so i advocate for the abolition of money in totality. Abolishing money is not enough though, since it is a bit like cutting back the branches of a plant and the plant will grow back in a new form due to it's roots continuing to survive beyond the surface.
Our world is highly reflective in terms of it's patterns ;)
Yes indeed. We need to go all the way to a sustainable life style. Living in caring communities where money is not required. But we are a long long way off that, until then crypto is the was to go I'm sure. It's changing the paradigm which is the tricky part, but slowly its happening. I am convincing more and more people to convert, were on the road and thoses monkeys are waking :)
I'd love to know how they are not behind bars, thanks mike
I suggest exploring an earlier post in this whistleblower series for the answer to that - in short, 'democracy' is also a carefully scripted scam: https://steemit.com/politics/@ura-soul/the-whistleblowers-series-13-representative-democracy-is-a-con-game-designed-by-a-hidden-network-of-oligarchs-a-highly-respected
Just read your link very informative and interesting I've never doubted the fact that we are heavily manipulated and politicians do not hold the real power, cheers mike
Yes, I do believe in the big vacuum being created by the financial institutions. One day it will lead to the biggest crisis of the era. Lending money without having the assets is pushing the entire world economy to debt economy. If these institutions do not start taking actions now, the day is not far when everything collapses. As you said many Financial institutions have a history worth not revealing. It is absolutely true, there are movies made highlighting these concepts like "The International" and they will do anything to keep it hidden and reduce any risk to their system.
The only accurate, logical analysis of the situation is that it is one of massive, deliberate enslavement of the many by the few. An appropriate response is needed!
Fractional reserve banking and derivatives means banks/investment banks can loan and speculate with the fed backing and supporting and jacking up prices of real estate and markets until it pops, then cry to uncle sam for bailouts and sweetheart deals because they are "so, so important" to the economy. yes, scam!
It's a carefully thought out system of vampirism!
Highly rEsteemed Bruv!
I'm glad you covered this and I hope more people point out how Criminal it is for that man to even be opening his mouth about Bitcoin.
Thank you and SteemON!
Thanks, you are welcome!
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