Bix Weir and The Atlantis Report Monday PM 1-20-2020
Bix Weir
ALERT: Year End 2019 Repo Cover-Up by the DTCC!!
Jan 20, 2020
Looks like the banks & FED got past the end of year REPOCOLYPSE by acquiring guarantees from a division of the DTCC called the FICC!!
ALL the Repo collateral has been REHYPOTHICATED WITH MULTIPLE OWNERS!!
Central Banks Buying up The Planet using Phony Money & Record Stocks Profits !!
The Atlantis Report: Premiered 3 hours ago
Central Banks Buying up The World using Phony Money & Record Stocks Profits !! Wall Street record highs in recent years, which were caused by the Fed's accommodative policies, and Trump's big tax reform have seen the American banks as the primary beneficiaries. Just your normal rigged economy where those who control the money end up with most of it.
JPMorgan, Bank of America, Wells Fargo, and their peers have already reported record profits. While JPMorgan and Bank of America both had record years, Goldman and Citigroup had their biggest annual profits since the financial crisis.
The staggering profits, coupled with upbeat commentary about 2019, may ease fears that rate hikes and trade wars will bring an end to good times for the biggest banks. America First, The electoral slogan of Donald Trump essentially proven itself in Wall Street First.
And this led to the spiking of the profits of the big banks, which in 2019 have experienced exponential growth in recorded profits. Six banks alone made $ 120 billion in profits.
The unprecedented leap in the indices, which gained 30% on average in the fiscal year just ended, led to an increase in the leverage guaranteed by equity investments, a sharp revaluation of portfolios, and an increase in the fees received by the major US banks.
Welcome to The Atlantis Report.
While economies crash worldwide, the parasite banksters engorge themselves at record levels, which is the whole reason for the crash in the first place. this is the year when the six biggest banks generated well over $120 billion in profit. -- Yeah!
The super-rich is getting richer and richer while the middle-class is completely and totally disappearing. -- and markets just had the worst October since 1930, worst November since 1930 and then the worst December since 1930.
$100 Billion in profit, and they don't even have to pay out interest on their saving deposits. JP Morgan's winning recipe was the ability to ride the boom in “businesses and markets activities, which increased by 31% with immense profits on bond and fixed income trading. The situation has galvanized buyers on Wall Street, which have led JP Morgan to capitalize on 433.5 billion.
To give you an idea, it is approximately equal to 11 of the major European banks: Barclays, Soc-Gen, Standard Chartered, Unicredit, Credit Suisse, UBS, BBVA, RBS, INGng, Lloyds, and Crédit Agricole. Furthermore, as media reports, US banks also dominate in Europe.
The Dealogic ranking of the first nine months of 2019 in Europe, Middle East and African area sees Goldman Sachs, JP Morgan, Morgan Stanley, Citi, Bank of America in the first seven places (together with the French-American Lazard and the French-British Rothschild) for revenues forfeited in company mergers.
Behind the earnings growth is the hand of the Trump administration and its tax reform, which has significantly reduced the tax rates on corporate profits and financial transition earnings.
The Trump effect was calculated precisely by Bloomberg, according to which the main US banks would have earned a total of 32 billion dollars from the effects of the reform, of which 18 from the tax discounts achieved in 2019.
All without adding real employment to the American market, indeed creating a distorting effect for the net loss of 1,200 jobs in the six main institutions (Jp Morgan, Bank of America, Wells Fargo, Citigroup, Morgan Stanley, Goldman Sachs) in the last two years.
For the full transcript go to https://financearmageddon.blogspot.com