Video: FOOD STAMPS PROFITS – how JP Morgan gets rich with increased poverty

Max Keiser talks to Stacy Herbert about how JP Morgan Chase makes more money when more people are forced to use food stamps swipe cards
recorded on January 9th, 2010

One thought on “Video: FOOD STAMPS PROFITS – how JP Morgan gets rich with increased poverty

  1. And this is true for anyone who accepts payment through a “credit card.” Any money you don’t spend becomes theirs. I once worked for a company that insisted I get paid through this system. They still owe me $.75. Okay, so it is less than a dollar, but how many people just leave that dollar–a thousand? ten thousand? a million? ten million? That’s a lot of leftovers.

    Also, let’s say you get $500 a month in food stamps, but you spend only $100 the first week, so they get to make interest on the other $400 until you do spend it. And multiply that by thousands, even millions, of $400’s! You are talking about some big money. The claim is to stop fraud, yes, small fraud, but it perpetuates BIG fraud, the BIG business of Big Business.

    And remember, EVERY dime you spend, cash or credit, goes to corporations: the utility corporation, the food corporation, the clothing corporation. The ONLY thing I don’t spend to corporations is my rent, which goes to my landlord, but HE spends it all with the corporations.

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