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The Occupy with Art blog provides updates on projects in progress, opinion articles about art-related issues and OWS, useful tools built by artists for the movement, new features on the website, and requests for assistance. To submit a post, contact us at occupationalartschool(at)gmail(dot)com .

Entries in demonocracy (1)

Monday
May142012

Infographics on Derivatives (& More) @Demonocracy

[NOTE]: Demon•cracy presents some brilliant data visualization on the threat posed to all of us by the global financial giants, like JP Morgan Chase, who are gambling with complex instruments, like derivatives, that could destroy the world economy, are distorting democratic society in brutal, ugly ways, and necessitating horrible policies like austerity and endless war. Below are a couple of sample graphics + texts (on bank exposure due to derivatives), but click HERE to view the informative - and terrifying - facts.

9 Biggest Banks' Derivative Exposure - $228.72 Trillion


Note the little man standing in front of white house. The little worm next to last football field is a truck with $2 billion dollars.

There is no government in the world that has this kind of money. This is roughly 3 times the entire world economy. The unregulated market presents a massive financial risk. The corruption and immorality of the banks makes the situation worse.

If you don't want to bank with these banks, but want to have access to free ATM's anywhere-- most Credit Unions in USA are in the CO-OP ATM network, where all ATM's are free to any COOP CU member and most support depositing checks. The Credit Unions are like banks, but invest all their profits to give members lower rates and better service. They don't have shareholders to worry about or have derivatives to purchase and sell.

Keep an eye out in the news for "derivative crisis", as the crisis is inevitable with current falling value of most real assets.

Derivative Data Source: ZeroHedge

 

JP MORGAN CHASE


  • JP Morgan Chase has a derivative exposure of $70.151 Trillion dollars.
  • $70 Trillion is roughly the size of the entire world's economy.
  • The $1 Trillion dollar towers are double-stacked @ 930 feet (248 m).



JP Morgan is rumored to hold 50->80% of the copper market, and manipulated the market by massive purchases. JP Morgan (JPM) is also guilty of manipulating the silver market to make billions. In 2010 JP Morgan had 3 perfect trading quarters and only lost money on 8 days. Lawsuits on home foreclosures have been filed against JP Morgan. Aluminum price is manipulated by JP Morgan through large physical ownership of material and creating bottlenecks during transport. JP Morgan was among the banks involved in the seizure of $620 million in assets for alleged fraud linked to derivatives. JP Morgan got $25 billion taxpayer in bailout money. It has no intention of using the money to lend to customers, but instead will use it to drive out competition. The bank is also the largest owner of BP - the oil spill company. During the oil spill the bank said that the oil spill is good for the economy. JP Morgan Chase also received a SECRET $391 billion dollar bailout from the Federal Reserve.

In 2012, JP Morgan (JPM) took a $2 billion loss on "Poorly Executed" Derivative Bets. Click the image above to read about it.