The Whistleblowers (Series): #26 - "JP Morgan knowingly mis-sold lo...

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.

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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

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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.