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#jpmorganchasebank — Public Fediverse posts

Live and recent posts from across the Fediverse tagged #jpmorganchasebank, aggregated by home.social.

  1. "It is in the US’ interest to have European states undergo as much austerity and privatization as possible. This is because the US cannot afford to pay for the upkeep of vassalizing Europe. It needs any value in Europe to be siphoned away from productive or societal uses (like healthcare for your grandparents) and placed into those that bolster US interests such as military expansion to interfere with Russia. Further, it needs as much of the economic value in Europe owned by US firms so that money can be circulated back to US to prop up both its parasitic private and public sectors. Thus, the US needs the German political economy to be immune from local incentives that could manifest opposition to its strategic interests. Chase, as an implicit appendage of the US state, contributes to this US strategic interest by diminishing the Sparkassen-Landesbanken and putting more of the German political economy in its American hands. Both answers are sufficient in explaining why Chase (the US) are trying to take over German banking.

    If Chase (the US) can diminish the amount of savings at the German local public banks by diverting them to its own US-based privately-owned bank then the German social sphere will be minimized, German productive economic development aimed at local stability and growth will be harmed, German politics will have less local incentives and more exposure to foreign influence, private financial oligopolies will be better able to extract rents inside Germany, and ultimately German sovereignty will be weakened enabling further US vassalage. Germany and the rest of Europe need to defend their indigenous political economies from these American neoliberal threats (learn more here from Geopolitical Economy Report)."

    ryanresearch.substack.com/p/wh

    #USA #JPMorganChaseBank #Germany #Neoliberalism #PoliticalEconomy #Finance #Austerity