Max Keiser Dot Com - The Food Stamp Story

[getrealthen]

Thank God for food stamps, because here in Lexington Ky, a job is hard to find. Gas is too expensive to drive clear across town to a job, sitting in traffic burns gas, gas here is 3.489/gal, and people are so loaded with DEBT....gas credit cards.....spending money they don't have. American is screwed if someone doesn't fix the economy. I've applied to about 30 jobs in the last year....one interview....top 2...younger person was hired. Lots of hiring discrimination going on in America.

[Sally0h]

Oh, JP Morgan is just providing a public service. You guys are so suspicious! They are probably doing this for nothing. OH, wait, little green monkeys are flying out my butt.

[2JOHNNYT]

I guess JPM is the biggest get over on the Food Stamp Program!

What is a PRIVATE Wall St firm running & profiting on a Govt program?!

No wonder our taxes are crazy

[liarsmakemesick]

Is it just me, or does this goon look & speak a bit too dense? Look at his tie......

[jorgedude888]

SO......SINCE JP MORGAN PROFITS FROM THE NUMBER OF TRANSACTIONS BEING MADE WITH THE NEW FOOD STAMP CARD, THE OBVIOUS CONFLICT OF INTEREST IS : THE MORE PEOPLE ON THE FOOD STAMP SYSTEM, THE MORE MONEY JPMORGAN MAKES.

[yazmeenmelodi]

He's talking loud and saying nothing? Stumbling and fumbling for words that will not reveal why JP Morgan is in charge of Food Stamps.

[liarsmakemesick]

@yazmeenmelodi Anyone with half a brain is very much AWARE what is going on.. no --?

[yazmeenmelodi]

@liarsmakemesick People with whole brains don't know what is going on if the information has not gotten to them. No need to slight anybody with the exception of those who try to conceal the truth.

[thufer50]

Sounds like a Scot to me. He also sounds like a Git. Crash JP Morgan and buy silver. JP Morgan is a major cause of the poverty in the first place

[blackaristo]

While it is clear to me that, Mr. Patton does not look great on camera, what he is SAYING is cause for concern. The number of people receiving Food Stamps is increasing. When the unemployment benefits end, and people cannot find jobs, how will they feed their families. This economic nightmare has made paupers out of many of us.

[moquiti]

what drug is that fellow on? soylent green?

[liarsmakemesick]

@moquiti This thug is DEFINITELY on something.. Disgusting!

[drusillalaughs]

it is tragic. slavery in the us. this has been coming for the last 25 years, the crisis was let loose in 2008. divine discipline oh my

[isssssssce]

self righteous arrogant asshole, oh my

[coszz]

This is terrible. I cant watch this.

[hannityforpres]

I think id rather starve than use food stamps. How embarrasing. Too many people in this country think its ok to live like that. They need an attitude adjustment.

[crw4242]

dang, what kind of psych-med cocktail is this guy on !!

[wildgift2]

That explains why there are so many fees to get money out of the welfare benefits debit card. They're pretty high fees, so, some recipients like to "cash out" once and save on the fees.

[Nmhumbug]

Fascism anyone?

[shroomduke]

@Nmhumbug I'll take 2 , with a side of despotism and larceny !

[Nmhumbug]

Is it just me?....but what the hell is JPWHorgan doing in food stamps?

[prickett233]

taking money from the transacting of the food stamp debit cards.

[Walpurgishnacht]

this is a trial run for the move to a total electronic banking system model. no model. only stamps/credit.

Let he who hath wisdom......

Get out while you still can - your stereo, flat screen tv and Ipods won't save you!!!

[FENXMillennia]

i think its about that time to buy some stock in this

[tinfoilcap]

Why is JPM doing this? Maybe JPM should pay back the billions they've bilked from taxpayers and give them their dammed money back. JPM is capitalizing on this. they'll probably issue 75% interest credit cards to these people as well.

[VeritasIncrebresco]

Do you hear that everyone? It's a delivery mechanism! J.P Morgan is doing God's work!

[livefreeordie1970]

Controlling the poor is "Important Business for JPM"  Welcome to the Banking Dictatorship formally known as the USA

[beltane3]

It looks like this guy had a stroke caused by his Irish Catholic guilt vs the Satan he gets his paycheck from.

[PlatinumGordon]

He definetely had to sell his sole. I wonder how much he got for it?

[mikji]

Whatevers going on with that guy, it curdles my blood to look at him

[szuli12]

this JPmorgan guy look's "on strange crack" for me ;D

btw. JPmorgan was speculating on zloty last year (with goldman sahs) and they said "ooooh yes we were - so what?"

[centurion180ad]

Why does anyone listen to what a Wall Street mafia is telling the public?

Those war profiteers are LIARS, PLUNDERERS &TRAITORS.

They lie to steal trillions of dollars. They lie so that millions of people will be slaughtered. They lie to enslave the survivors of invasions. They lie to finance War of Aggression. They lie to finance the international narcotics traffic by CIA & MI6.

Wall Street out to be emptied-out, and the contents dumped into prisons.

[justanothersheeple]

@centurion180ad they're in survival mode, but you forgot intimidation, blackmail, psyops, propaganda,poisoning/soft kill on we the people, depopulation by war, disease, & famine, land grabs, blah blah blah, but unemployment, climategate, healthcare, and jesse ventura are waking people up, after jfk, mlk, princess di, 9/11, etc..

[madbillt66]

How much does JPMorgan MAKE out of this?

[UU361]

Let me count the ways, all money is loaned into existence, JPM is a primary dealer and there for is loaning the money to our bankrupt government (us), they hold the bonds and issue the cards, the bonds they have are marked up and sold onto investors for a fee or held, they also have the data on where the sales are occurring with the cards which gives them an advantage of the shape of various retail sector, this can be used for the prop desk for trading and then sold as analysis for a fee

[madbillt66]

Ok,thanks mate, some of it goes toward Tony Farking Blair's pay then !!!!

[UU361]

I don't don't know about that but I wouldn't be surprised.

[robert4you]

The guy looks scared to death. As we say here in Sweden: "He looks like he sold the butter and lost the money."

[Limeisback2012]

Were fucked. You can see on his face. He knows they can't keep this up.

[AdamsCapitalGroup]

good god almighty margaret is sexy, i wonder what she looks like in fish net thigh highs?

[troutfish70]

The next time someone says the US is the land of the free you should show him your JP Morgan food stamp and people owning industry of dependence

[gzX9bVq6k]

JP Morgan must get a large tax rebate for giving out such an infinitesimal amount of their profits to the poor in comparison to what they paid out to their executives in bonuses.

Well the public has eveything to worry about since it was around 9 to 12 million people that could not be accounted for in the census that was carried out after the great depression.

[CelticReject]

OMG not another scottish prick! We in the UK are already being ruined by them. Run... run for your lives!

[rtardbox]

what's this foreign penis-sucker doing consuming an american's job???

GO BACK to Lucky-Charm land and make room for a REAL american!

[hipbas]

These banker vampires destroyed the financial markets that left millions of people on food stamps. It's not suprising to find out now that they run these social schemes and profit from the underlining credit transactions. If the Robinson Crusoe story was re-written by today's standards, I'm sure even on a remote, isolated island in the middle of nowhere there would be a J P Morgan rep lurking around to getting a percentage share of the coconut milk you laboured for.

[cramsa]

When people can't even afford to FEED themselves, that's not a "recovery" it is a decline... America's standard of living is going down, don't let the media morons tell you different.

[taineasy]

Food Stamps = Soup Lines of the 1930's. U6 unemployment in the US is approaching 17% and rising. The jobs were shipped overseas and are not coming back.

[wdcsucks1]

brrr, what a frightening man!!!

[WOGI5M]

Is there any part of society that JP Morgan is not involved in?

And LOL at "useful social function".

[hooverdog1957]

That phrase stuck in my brain as well. The banksters will benefit in any economy good or bad. That is the tragedy of our current system where the banks control everything. People really need to wake up, but most don't realize the extent of there slavery.

[oc5nsli341nforce4]

There is no bottom ware the world is heading.

[NCVenusProject]

It's the first of the month.

Debt = Money

Money = Corruption

Corruption = Politics

The monetary system has failed, we need to move to a Resource Based Economy. Research The Venus Project.

[Jules242]

The Venus Project is just another form of tyranny. We are already trying to get rid one New World Order. We don't need that garbage either.

[Renegen1]

I admit the Venus Project is hard to accept given it has never happened before but the only tyranny is the BANKING SYSTEM. You will always have debt and corruption as long as you have a banking system where money owned is always greater than money owned, someone has to go bankrupt and be at the bottom. Capitalism is in itself unfair and unethical, dont hold your breath the "corporatism" will end.

[NCVenusProject]

TVP is a solution, not a doctrine. You can use the information or you can continue to fight for what many think they own. Explore it's possibilities and then analyze what you've read or seen. I understand the concerns, however we all need one primary thing in our lives to survive and it's resources, thanks for the comment.

[Jules242]

You can do it without that cult.

[NCVenusProject]

Thanks for the advice. The governments of the world today are run by businessmen, lawyers and

military men likely three of the most useless specializations we have. When we understand that our problems on this planet are technical , we then see that if any group of people were to be considered as qualified to make decisions about anything , they would naturally be technically and thus objectively focused not politically motivated . Politics is a monetary creation and they are corrupt.

[Jules242]

And this will become corrupt too. There is a reason why most people don't trust this idea. It doesn't even sound legit.

[NCVenusProject]

Their is no politics or money, therefore nothing to corrupt. There are many out there who would say that what I'm describing here, that is the development of a Resource-Based Global Economy , would never happen. They would typically cite human nature, the power elite or erroneous technical opinions in their defense. This cynicism has no support in

view of humanitys technical and social development throughout history.

[NCVenusProject]

We have come from a world of extreme superstition, abject slavery and extreme racism and social prejudice, to a slowly emerging world of race equality, scientific ingenuity and emerging values that desire to see humanity benefit as a whole.

[Jules242]

What you are saying deosn't make sense. There is harmoney as long as people do what you want. If they don't , what will happen? The samething you claim to be against.

[NCVenusProject]

If you choose to live in the desert and live in a yurt, that's just fine, you'll simply be on your own. The premise is not complex it simply uses today's technology and resources to benefit everyone. Today you are defined, in society, buy what you can earn not by what you can contribute. i.e. Wallstreet vs. Mainstreet

[Jules242]

I beg to differ because my wife was with a guy who made $300,000 a year in the US. She chose me over him. No, an ex girlfriend of mine chose a guy who made more than me. And yes, it was strictly for the cash. She even admitted it. you mean to tell me that you can change that? No, you can't. it is human nature. And what will happen to people who can't 'contribute'? Like I said, you guys are just tyranny in a differnt form.

[NCVenusProject]

Thanks for the conversation. Good luck with all that you do and remember to continue to question with boldness.

[WOGI5M]

The venus project seriously looks like it has cult-like aspects. I mean look at that building in your background, WTF is that?

[NCVenusProject]

It's a solution. If you don't like, design your own. This is what TVP promotes freedom for everyone to build, design and live a life not bound by what you can afford. Thanks for the comment.

[kdcruz75]

@NCVenusProject

utube = birth certificate = freedom

you have been the creditor to the banking system all along. they are only credit brokers and credit factories working off our signature..

they hold the legal title to our body in TRUST ...we are the beneficiary ...we need to instruct them as the GRANTOR of the TRUST to set off any liability that arises.when the PERSON does commerce.

utube : Jerry KANE

[NCVenusProject]

Thanks for the info. I'll watch the JK vids.

[lisajason111]

Record bonus pot at JP Morgan

JP Morgan Chase is set to defy calls for constraint over bankers' bonuses this week when it delivers an expected $29bn (£18bn) compensation pot for its executives.

[podrag]

JP Morgan serves a useful social function? What by stealing the bread and leaving behind the crumbs?

[proruo]

two straight up questions:

1. How much money did the US Government give in food stamps in 2009?

2. How much money did JPMorgan make in total revenue from their involvement in the food stamp (SNAP) program?

[UKSecretCourts]

How can the wages be so low, that 40% of those on foodstamps are actually working?

One in eight americans are on foodstamps?

And you're paying money to the military for wars?

Obama needs to get his priorities right.

[sansez]

"Obama needs to get his priorities right." He already got it. His job is to make bankers richer

[texxta]

are you fukin kiddin me, shouldnt the government be issuing food stamps ?

[beltane3]

The Federal Reserve, Goldman Sachs, JP Morgan Chase and the likes are the government. Just what was constitutionally intended, right??

[grandmarkai]

I think it's kind of incredible that a "lone gunman" or a dissident group hasn't attacked one of the new york offices of one of these financial terrorists (e.g. Goldman Sachs, JP Morgan, etc.). It really shows you how completely ignorant and misguided Americans are. I'm sure the average American has absolutely NO CLUE which groups or institutions are truly to blame. Everyone points their finger to the President. False left-right paradigm protecting the true problem.

[odin422]

INBRED LISP!!!

[cpswyl2]

i didnt know you could eat them

[ENJOYOURMATRIXX]

let alone the profit they make.. they print the god damn money! its all about CONTROL so we have to go buy their crap made by slave at wall mart

[ENJOYOURMATRIXX]

in your face proof that the bankers want you under their control, they want your bankrupt and on foodstamps

[ibislee]

JP Morgan bastards are profiting even on food stamps!?!?!?!? BOYCOTT THE TOO BIG TO FAIL BANKSTERS!!!! Put your money in good local banks.

[grandmarkai]

@ibislee

Why this is a well-intentioned effort, once you delve past the surface, it's a risky proposition. The TBTF banksters have the full faith and protection of the U.S. government; the smaller community banks do not. They seemingly enact legislation every other month to "shore up and protect" the TBTFs...why? When the next shoe drops, it will be the little banks that shut their doors, not the big boys. You're better off recapitalizing into gold and ETFs than go to the community banks.

[TripperLV]

@tastingo88 - There is nothing funny or good about that joke you moron! Loser!

[TripperLV]

@tastingo88 - What a hateful and stupid remark. You have absolutely no class.

[mcetcher]

Does anyone else think that the J.P. Morgan douche was trying his best to hold back a cartoonish super-villan laugh? ...Oh and thank you soooooo much for cashing in on the poverty you've help create, er, I mean, providing such an important social function. Bankers are such wonderful generous people.

[Frankenpalin]

I'll bet JP Morgan makes a killing trading food stamp derivatives and double charging the taxpayer

[spinalfluidontap]

Listen to the full Max Keiser radio show from his channel here at yt. It is fucking rediculous how JP Morgan is going to proffit. Esentially "Indentured Servitude" is what is coming next due to debt.

[gambit1357]

how do banks profit from issuing food stamps? I'm still not clear on this....

[grandmarkai]

One indirect way is that even higher level of treasuries are printed to sustain the program. Guess where these monies go?

[grandmarkai]

A more direct way is that JPM acts as the recipient of the EBT, and since it is a "debited" transaction, acquires the processing fee(s) associated with it. The Wal-Marts, Safe-Ways, etc. still get paid, and really create a sale from someone whom ordinarily wouldn't have made a purchase.

[POORANDBROKECITIZEN]

1 year bonus for a banker can feed 100 people on welfare

[JoeyPencils]

@POORANDBROKECITIZEN

ha try 10000

[stuntdoogie]

They are make americans lazy and dependant on government. Not Good.

[condorito29]

what a babe

[morfeeene]

I just gave you a thumbs up. I'm looking at the babe thinking she looks fit and everyone's complaining the Scottish bore.

[nxu89]

its a scottish accent

[cheomire]

fuck! his gnarled irish accent was almost as bothersome as his job at jp morgan. take the marbles outta your mouth!

[klard]

The problem is that these banks are making obscene profits on every single aspect of our culture, including foodstamps.  I call the banks cut of everything the "Devil's Tithe".

[mascar33]

Mr. Paton's new job might soon be running from the peasants with pitchforks.

[fatpius]

damn! i had NO idea JPM was involved....but being the blood suckers that they are, it makes perfect sense.

[spinalfluidontap]

@fatpius I just finished listening to the whole MaxKeiser radio show and this story is fucking increadible.

[fatpius]

yea, i agree. my gut is screaming. if this 'really' gets into the mainstream~

..holyshit. going to sleep on this one and

do it again.

[shatteek]

What a sick world we live in.

[jimladx]

The Independent (UK newspaper) ran the foodstamp story on 1st April '08. Unfortunately they illustrated it with a photo of a line where a guy was wearing a ipod! The comment section had lots of idiot Americans saying how the economy was doing fine, it was anti-american European socialist envy blah blah blah. The Fed later revealed that the recession began in December '07!

[boots920]

No sound money, means no food, no housing as proven.

The big problem here is the US dollar has been counterfeit gold since 1971. (Nixon a crook ends sound money)

Full International co-operation on fraud and racketeering.

Ron Paul the fiat money standard that started in 1971 has now ended in 2008. They'll try to re-inflate the bubble but this time it won't work.

Its like have the Zimbabwe dollar as world reserve for 40 years. Ends real bad...

Either bring back sound money or die.

[jaba987]

hahahahaha I wonder when Americans will revolt. Maybe living in a tent city, living on food stamps and working for mega corp mart just so they can pay their health insurance is not enough. Rahm will ask them next for 5 years of duty to the state in military so oligarchs can conquer more countries.

[spinalfluidontap]

@jaba987 The Banks and the Oligarchy are investing heavily in prisons, police, those fucking cameras, and making a killing BECAUSE they are expecting a Revolution.

[fatpius]

e.x.a.c.t.l.y all the broo haha, is us following along, eXaCtLy as planned.

when that, what you 'knew',

actually happens.

it's still a kick in the stomach.

[pretorious700]

these blood suckers make me want to vomit

[justjacqueline2004]

According to JP Morgan's own senior economist unemployment is bottoming,so food stamps days should be numbered.Funny how Mr Paton has said a lot and not answered any questions.

[spinalfluidontap]

@justjacqueline2004 Food stamps are going to be the new currancy amongs the peasantry. No way is unemployment bottoming. The proffits in the food stamp business are enourmous for the issuer.

[jaba987]

indentured servant currency. The last step will be renaming it from food stamps to something like 'lifestyle improvement supplements' and stigma is gone and everyone is happy!

[1shabuti1]

so its good to make people dependent on food stamps... the USA is screwed big time... i think its time for revolution or move to india or chine if they'll even let us go there.

[karkelkhan]

JPMorgan crashes the economy, following millions of unemployed asking for foodstamps from JPMorgan.

[Melville10]

There are rumors Dimon might replace the ailing Geithner as Treasure Sec. To that I say, "Good Grief!!!!'.

[TheReallitycheck]

Its a good system to get people out of the stores, which will not help the economy, and move the people into food lines...its a start to conditioning the masses...its only going to get worse... and that by design. I wonder how many people will HAVE to get into line this year.

[qminusis]

Reptiles and zombies never twinkle ...

[leepakim]

why foodstamps...i thought the central banks are printing money for every one....

[kchopson]

JP Morgan even makes $ administering food stamps! Wow, these bankers can't lose!

[Melville10]

The banksters (e.g. Citi, Bank of America) and the Fed are true scum.

[xXJADEXx7]

Just another way the bankers get rich off of making everyone else poor.

[WGS669]

I've been hearing a lot of this stuff about Move Your Money. It's a nice sentiment and all.. but the central banking system is a closed loop. All of the banks are essentially one bank. Sorry to rain on anybody's hope parade, but it isn't going to change a thing.

[lindabebe835]

It is part of the plan honey. How does a gov't do a take over? They need to bring you financially to your knees so you can need them then you are more apt to give up your freedom and your liberty. Give them up and your doomed.

[prayfortruejustice]

@407buddy

Thumbs up! Yes, and if you bank PLEASE transfer your accounts from the big parasitic banks into local state chartered community banks and credit unions that reinvest into your community.

For more information google:

"solari bank intimate"

[Eraser7622]

Just did that last week.. wonderful way to take back just that much more of our power. We will win.. we WILL slay this beast.

[prayfortruejustice]

Excellent -- Please ask others to consider this too. Believe it or not I am trying to convince a TELLER WORKING AT MY LOCAL HOME SAVINGS BANK to switch from B of A to the bank where she works. When will Americans wake up?

[stretch34318]

that guy looks like a humanoid robot

[MarkoKraguljac]

His head is full of things most people really dont want to know anything about. Its great that he still manages to resemble some articulation.

[POWERequalsGOD]

Now you know who pays for your suffering by returning you the opportunity to go out an get all that soft kill weaponized food to help you along in getting that early death certificate.

[RenegadeTimes]

Hey Chris..JP Morgan robbed us so...what are they throwing on the ground for the poor to grab..hmm

a buck three eighty ..?

bastards !

[TechTVChannel]

hey what do you guys expect it is capitalism , the banks are going by the books of capitalist system , more profits year after year capitalize on everything even suffering and hunger , hunger jails healthcare all become commodities to make money off , do not you get it yet that it is the game that is wrong ...Capitalism have failed big time , it was never meant to bring justice or wealth in the first place except for the few elite who started this game thousands of years ago

[AtheistThatsATheist]

Youre confusing capitalism with corporatism. In capitalism poor men can become rich and rich men poor and theres many examples of this. However in corporatism its the corporations that write the laws and influence/control government.

Adam Smith often quoted as the father of capitalism along with other liberals complained and wrote about merchantism and how it was destroying society.

Corporatism is this mordern form. Dont mistake the two.

[Repomex01]

Like the Fonz would say "Exactamundo"

[jaba987]

there is no too big to fail in real capitalism, if you fail you fail! no bailout. this is Socialism for the rich and capitalism for everyone else. We are dealing with monopolists who have captured the government.

[hooverdog1957]

Please learn what capitalism is all about. We don't really have a capitalistic system in place. We have corporatism. Big difference is there is no real competition. The big boys control the system and even win when the economy goes bust. They can get corporate welfare. The small businessman gets crushed because they have made the rules. Please understand the difference. You will never live free if you allow this system or socialism to take root. Quit buying from them and shop locally.

[vsaldanas]

to hooverdog1957- i totally agree with u. The USA is no longer a capitalistic nation anymore. Country like China and India, Mexico, Argentina are 100% more capitalistic then the USA.

[Lingerfoot]

For some reason this just makes me sick, but it's typical. Peace and Happy New Year 2010!

[Eraser7622]

JP is making HUGE profits on this.. instead of that money being used for further societal benefit, it is sucked up into corporate greed which only exacerbates the underlying problems which creates more unemployment which yields even further profit. unreal, yet typical.

[prayfortruejustice]

@Eraser7622

Thumbs up! Yes, and charities like United way skim millions. Example 2003 pay for Charity CEOs:

Red Cross - $468,599

United Way - $468,599

compared to:

Salvation Army National Commander - $94,000 (including house and car)

Who are weathly America's really donating money to?

[overseachininadoll]

1) interest groups

2) self - tax write off