Banks Continue To Collapse In America Solidifying A Financial Crisis As First Republic Bank Goes Under Due To President Joe Biden's Failed Economic Policies

May 2. 2023

First Lady Jill Biden speaking to husband Joe Biden who has dementia and is running America into the ground. This is not public service. This is the public serving you.

Recently, three multi-billion dollar banks in America have collapsed under President Joe Biden's terrible economic policies, as he simply does NOT know what he is doing and should not be the head of state (Three Prominent American Banks Collapse Under President Joe Biden's Watch (Video)).

This resulted in world governments taking the unprecedented step of announcing they are abandoning the U.S. dollar (World Nations Form Alliance To Replace The U.S. Dollar In International Trade Due To President Joe Biden's Terrible Economic And Political Policies In A Move That Will Cost America Trillions In Revenues).

Biden lied to the public in stating the U.S. economy is healthy and tried to downplay the three banks collapsing as no big deal. However, another bank has collapsed. It was announced this past weekend the multi-billion dollar, First Republic Bank, has also collapsed.

Biden still continues to pretend the U.S. economy is healthy, even though it is shedding a massive number of jobs and recording enormous financial losses, but people with an understanding of business and finance can see the warning signs that financial disaster has begun in America (A Terrible Financial Crisis Is Coming Due To The Policies Of President Joe Biden).

First Republic Banks' assets are being taken over by the highly questionable and dubious, JP Morgan Chase, which is a bank that engages in dirty business practices. JP Morgan Chase overcharges customers on their credit cards every month with hidden fees for cash advances. If you take cash off your credit card, which JP Morgan chase encourages, then continue to pay your bill on time every month, they never apply it to the cash advance money, which then balloons to double or triple what you borrowed. This is highly unethical. Credit card balances mysteriously inflate without notice, as they play with the numbers. This too is highly unethical.

JP Morgan Chase has repeatedly been sued for discriminatory and predatory lending practices, which target minorities. JP Morgan Chase also overvalue or undervalue properties for sale in foreclosure cases, which causes potential buyers to rack up thousands in real estate fees to the bank. Then, they scupper the deals in order to get more money from other buyers who are not minorities, all whilst keeping the fees they charged to people of color.

The Coast Guard intercepted a cargo ship owned by JP Morgan Chase that contained over $1.3 billion dollars of cocaine on the vessel. This officially makes JP Morgan Chase drug traffickers. JP Morgan Chase was also outed as having bankrolled the child sex trafficking of the late pedophile, Jeffrey Epstein and laughing about it. Like Epstein, JP Morgan Chase also has highly questionable ties to Hollywood, which is the pedophile capitol of America.

Epstein was an FBI employee for 20-years and a CIA asset as well. Both federal agencies looked the other way to his sick crimes against children, as he was helping them control and blackmail influential people (domestically and internationally).

STORY SOURCE

First Republic Bank collapse spurs fears for banking system, broader economy

05/01/23 3:28 PM ET - The demise of First Republic Bank raises questions about the strength of the U.S. banking system and the broader economy that relies on it. Monday’s shutdown marks the nation’s second-largest bank failure — First Republic Bank had nearly $230 billion in assets last month — eclipsing the Silicon Valley Bank collapse. Three of the four largest bank failures in U.S. history have taken place over the last two months.

The Federal Deposit Insurance Corporation (FDIC) on Monday took control of the San Francisco-based regional bank and brokered its sale to JPMorgan Chase. The deal will protect deposits, likely wipe out shareholders and make the nation’s largest bank even bigger.

First Republic’s fate was set when the bank revealed that it lost $100 billion in deposits after SVB’s collapse led to panic among wealthy clients. Its stock plummeted 75 percent last week. It’s unclear whether First Republic Bank is the final domino to fall in the recent banking crisis. That could hinge on whether depositors will pull their money from other institutions...

https://thehill.com

Cargo ship owned by JPMorgan Chase seized by US with 20 tons of cocaine

Wednesday, July 10, 2019 - PHILADELPHIA, Pa. -- US authorities in Philadelphia seized a cargo vessel in June with nearly 20 tons of cocaine on board. The ship, as it turns out, is owned by a fund run by banking giant JPMorgan Chase. A source close to the situation said on Wednesday that the ship, the MSC Gayane, is part of a transportation strategy fund run for the bank's asset management unit.

That means JPMorgan Chase does not have any operational control of the vessel, a Liberian-flagged ship that is run by the Swiss-based Mediterranean Shipping Company. The bank had no comment. Law enforcement agents boarded the MSC Gayane on June 17 and found the cocaine, which is said to have a street value of about $1.3 billion...

https://abc7chicago.com

Cargo ship owned by JPMorgan Chase seized by US with 20 tons of cocaine

 Updated 6:08 PM EDT, Wed July 10, 2019 - US authorities in Philadelphia seized a cargo vessel in June with nearly 20 tons of cocaine on board. The ship, as it turns out, is owned by a fund run by banking giant JPMorgan Chase. A source close to the situation said on Wednesday that the ship, the MSC Gayane, is part of a transportation strategy fund run for the bank’s asset management unit.

That means JPMorgan Chase (JPM) does not have any operational control of the vessel, a Liberian-flagged ship that is run by the Swiss-based Mediterranean Shipping Company. The bank had no comment. Law enforcement agents boarded the MSC Gayane on June 17 and found the cocaine, which is said to have a street value of about $1.3 billion...

https://www.cnn.com

JPMorgan executives joked about Jeffrey Epstein’s behaviour, US Virgin Islands alleges

New York April 3 2023 - We’ll send you a myFT Daily Digest email rounding up the latest Jeffrey Epstein news every morning. JPMorgan Chase executives allegedly joked about Jeffrey Epstein’s interest in young girls while the disgraced financier was a client of the US banking giant, lawyers for the US Virgin Islands have claimed in a new court filing.

The accusation is part of an expanding lawsuit brought by the US Virgin Islands, where Epstein had a home, which accuses JPMorgan of benefiting from his sex trafficking operation while he was a client of the bank until 2013. Lawyers for JPMorgan have previously described the claims as meritless.

In an amended complaint filed in New York on Monday, the US Virgin Islands alleged that Epstein’s behaviour “was so widely known at JPMorgan that senior executives joked about Epstein’s interest in young girls”.

The filing refers to a 2008 email to Mary Erdoes, the contents of which are redacted. Erdoes, a 27-year JPMorgan veteran, runs the asset and wealth management division where Epstein was a client.

https://www.ft.com

Can banks be sued for profiting from Epstein's sex-trafficking? A judge says yes

March 21, 202312:55 PM ET - A group of protesters hold photos of Jeffrey Epstein in front of a New York City federal courthouse in July 2019. A Southern District judge ruled this week that three lawsuits against banks that Epstein used can move forward.

A trio of lawsuits filed against two banks connected with Jeffrey Epstein can move forward, a federal judge ruled on Monday. The suits allege that JP Morgan Chase and Deutsche Bank knew that Epstein maintained a network of underage girls for sexual abuse, and actively enabled him to continue his crimes. The plaintiffs say that the banks should be held fiscally liable for the damage to victims.

Two of the suits — one against JP Morgan Chase and the other against Deutsche Bank — were brought by at least one of those girls, an anonymous plaintiff who filed on behalf of "all others similarly situated." A third suit was filed by the government of the U.S. Virgin Islands against JP Morgan Chase...

https://www.npr.org

JPMorgan executives knew about sex abuse claims against then-client Jeffery Epstein, court filing alleges

Published 2:19 AM EDT, Thu April 13, 2023 - A new court filing alleges JPMorgan Chase executives were aware of sex abuse and trafficking allegations against its then-client Jeffrey Epstein, several years before the financial institution cut ties.

The latest complaint, part of a lawsuit against the bank filed by the attorney general for the US Virgin Islands (USVI), adds an additional count alleging that JPMorgan obstructed federal law enforcement and prosecuting agencies pursuing Epstein.

“JP Morgan’s relationship with Epstein in allowing his sex-trafficking venture to access large sums of cash each year went far beyond a normal (and lawful) banking relationship,” the filing says, adding that bank executives were also aware of potentially suspicious cash withdrawals.

Epstein, 66, was a client of the financial institution until 2013. He was found dead in a New York prison in August 2019. Epstein was awaiting trial on federal charges accusing him of operating a sex trafficking ring from 2002 to 2005 at his Manhattan mansion and his Palm Beach estate, in which he paid girls as young as 14 for sex...

https://www.cnn.com

JPMorgan was urged to cut ties to Jeffrey Epstein, lawsuit claims

3 minute readApril 12, 20238:48 PM EDTLast Updated 19 days ago - NEW YORK, April 12 (Reuters) - A new version of a lawsuit accusing JPMorgan Chase & Co (JPM.N) of aiding in Jeffrey Epstein's sex trafficking includes claims that the bank ignored pleas to cut ties with the financier, and that someone joked about whether Epstein knew Miley Cyrus.

In a complaint made public on Wednesday, the U.S. Virgin Islands said JPMorgan compliance officials urged the bank to sever ties with Epstein years before it did so in 2013. The complaint details internal warnings that the financier "should go," that there was "Lots of smoke. Lots of questions," and that anti-money laundering officials asked that the bank "exit this relationship."

https://www.reuters.com

JPMorgan Sues Ex-Executive Accused of Helping Jeffrey Epstein

March 8, 2023 - The bank is seeking to shield itself from damages if a lawsuit filed by the U.S. Virgin Islands proves that James E. Staley knew about Mr. Epstein’s sex trafficking...

https://www.nytimes.com

JP Morgan execs reportedly maintained contact with Epstein after dropping him as client

Bank’s links to sex offender financier deeper than previously known, as it faces lawsuit brought by US Virgin Islands

 Sat 22 Apr 2023 10.35 EDT Last modified on Sat 22 Apr 2023 10.42 EDT - Senior executives with the global banking giant JP Morgan maintained contact with disgraced financier and sex offender Jeffrey Epstein for years after dropping him as a client in 2013, six years after he was charged with solicitation of a minor, according to a new report.

The allegation, reported in the Wall Street Journal on Friday, comes as JP Morgan, the world’s largest bank by assets, is being sued by an unidentified Epstein accuser and the US Virgin Islands – where Epstein owned a private island – for benefiting from human trafficking by ignoring internal red flags about his behavior...

https://www.theguardian.com