The Largest source of Income for the Big Five banks is Institutionalized Revenue. Institutionalized revenue is derived from governments, hedge funds, and extreme high end individuals. Under Joe, the feds added roughly 50,000 new employees per year – those employees generate new government pensions. But the numbers do not include the NGO’s funded by the government and their employees – as of 2023 roughly 7200 outside organizations, NGO’s, received government funding. Nontaxable.
Hedge Funds, such as BlackRock, Vanguard and State Street trade institutionally with each other – artificially driving up share prices. Both of which increase the value of the stock market – while those profits do NOT trickle down to anyone else.
The wealthiest 10% of Americans own 93% of the stock market. This is why the vast majority of Americans who are in the market but not of the 10% – are losing. You aren’t in The Club and don’t get the insider news. The market is a farce.
JP Morgan’s Assets are roughly $4.1 trillion – an increase of 9.25% over the previous year. JP Morgan’s liabilities are $3.754 trillion – an increase of 9.09% over the previous year. Meaning JP Morgan’s ‘real growth’ was .16% and its net worth is $346 billion. Home loans are the smallest source of revenue generating a mere 7.4% of net banking revenue. So why do we have high interest rates if they don’t generate bank income?
BlackRock. 77% of revenue as reported for 2023 was from ‘Related Parties’. BlackRock’s related parties are: State Street, Vanguard, Temasek Holdings (=government of Singapore), Bank of America and BlackRock itself. Which is why the average shareholder under the 10% shroud – makes nothing. Financial Advisors churn your money in the hopes they can catch the tail of the snake. And the DOW suddenly becomes a meaningless representation of anything economically.
In 1950, the average home cost $7,354. With simple inflation, that would translate to a cost of $93,602 today. That inflation was predominantly caused by – The Federal Reserve. The average wage in 1950 was $3300 reflecting a home cost of 220% of the annual wage. The average cost of a home across the US today is $420,000 on a wage of $59,000 representing 711%. In 1955, mortgage interest rates were 2.375%. Mortgage rates remained fixed from 1939 until October 1960.
In 1961, JFK instituted the “New Frontier”. The Soviet Union was launching satellites and space programs while the US diddled. So, Kennedy appropriated BILLIONS to create NASA and compete. Kennedy was a socialist. He spent money he didn’t have, and the Great Society of Johnson extended the liberalism sweeping America into debt. US debt was flat until 1913 when the Federal Reserve was created. It peaked under FDR, then again under Johnson before realizing its constant upward trajectory in 2008 with Obama.
WELFARE: Welfare was created by FDR. Today the state and federal cost is roughly $1.4 Trillion annually. There are 1.65 persons employed in the private industry per 1 per on welfare. As of 2021, there were 9.2 million adults on disability insurance and 61 million citizens live with some sort of disability – 20% of total population. We are a Socialist State disabling our citizens with war and vaccines.
When liberals trade barbs claiming Biden increased manufacturing in the US – the average wage for a position is $33,500. In 1985 20 million Americans were employed in manufacturing – today 13 million. NASA has essentially turned over the space program to Elon Musk while still milking US Taxpayers as an Agency of the Federal Governmetn. Meanwhile, the Welfare state grows exponentially with more free stuff planned.
Despite skewed algorithm statistics – these stats represent simple math and explain to Boomers why they might want to reconsider bashing the millennials. This does reveal exactly what our Federal Reserve and our government have done to sink America into poverty. We have lived an illusion since 1913 when the Bolsheviks began to arrive in America. The goal was to turn America into a carbon copy of the Soviet Republic. To reduce the population – 60 million were killed in the Soviet State. To dummy down education – Soviet education consisted of 4 years before most students were farmed – Wikipedia callks that a Great Success! The soviet program was called, “Uniform Labour School”. By 1920, the enrollment in these Labour schools had fallen to less than 25%. Higher education in Institutes were for military intelligence/KGB training.
The Federal Reserve destroyed the ‘value’ of money. If Social Security is an ‘entitlement’ we shouldn’t be forced to pay it. If inflation is only 3%, why are my prices up 60%+? If remedial English is now being taught in college, why do we have a Federal Education Department? If only 10% or 30,000 Americans participate in the Stock Market – why do we have a stock market? If Elon Musk is doing everything NASA, why do we pay NASA and their salaries? If mortgage rates were 2.375 for 40 years – why did that change?
EVERYTHING created under the Liberal banner has ushered in poverty.
Statistics can certainly be corrupted. Algorithms tend to spew whatever information the input persons felt was necessary and/or essential. But the point is significant, the slow destruction of America has been ramped up considerably in the last two decades. The caretakers are old. They want to see the fruition of their endeavors. And if they can’t have the Globe, they will settle for America and Europe. UNLESS…..
This is why the Heritage Foundation Project 2025 was created… A RESET is an absolute. Just not the WEF version.