Shocking Report of War Profits by U.S. Banks and How They are Making Big Money

U.S. banks have found an arbitrage opportunity by acting as middlemen for Russian debt and making big money. While it is completely legal, it puts into moral question of what the banks will do to make a buck. Plus, mounting evidence that American consumers are struggling to keep up with inflation.

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[halbertking]

" War Is A Racket " by Marine General Smedley Butler . 19 pages . " Capones got nothing on me . He's got Chicago . I'm running three continents . I'm a gangster for Capitalism . "

[lc]

Banking industry. Blood money Vampires.

[craigmkirk]

the picture is much clearer now thanks Steve;

[peterburke]

It hurts me to see all that silver vapourised with every explosion.

[andyezell]

No amount of war profiteering will help their earnings this quarter.

[sharoncrawford]

I knew there was more to this war. Banks are probably not the only ones. People have become so greedy!

[ThatGuy-kvkw]

reminds me of old man Kennedy profiting from WW2

[ridethecurve]

This is why the banks are also known as 'The Pigs'.!

[MFGEEDORAH]

I am shocked, Shocked! Well, not that shocked

[sharoncrawford]

My brother in law some time back started investing in the stock market. He became a millonaire. He told my sister when he started his goal was to just make 1 million dollars. Well, quess what? He's still investing in the stock market. I told my sister that I thought he just wanted a million dollars. She said he wants more. It's never

[Ddkrew]

Shocking? Not after the shadow bank bailouts, subsequent investments and record profit sharing to their traders…

[MAeStROxr]

First,
Thanks Steven!
I understand your view about bonds but think you're missing the Chinese are dumping their 1 triliion bonds and exiting the euro-dollar system.
They don't hoarde the dollars which would cause them to go up in value, they buy goods and try to squeeze food and energy, so dollar amount in the system remains the same, the bonds amount increase which is why the rates now go up and food and energy too.

[adrianmorency]

You should put these videos on Apple podcast!

[dkvikingkd]

They're not called banksters for nothing;-)

[johnf]

All I wanted was put my money in Russian bank and get 20% interest

[billymays]

OMG Stevie buy that dip! Ain’t nobody want that dirty laundry debt!

[mikehess]

War is good for profits...Peace is good for profits...Rules of acquisition

[csleuthone]

Yep, I'm one of the ones disgusted regarding banks profiting on war. Unfortunately that's nothing new.

[kazukinakamura]

They made a shit ton of money from WWI and WWII.

[michaels]

Investors cannot panic dump their Russian debt unless someone, somewhere is willing to buy it. I would much rather our banks profit from the bond pricing mismatch than some other country's banks. People who caterwaul about this are not putting America first!