How The Macroeconomics Fraud Works (An Example)

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Over the course of my life, I’ve had checking accounts at several major banks. Bank of America, Wells Fargo, Washington Mutual, Chase, US Bank and Union Bank of California. They’re all horrible, exploitive (Gentile-owned) institutions except the only one that I had a good experience with was Union Bank of California. When I worked at Ernst & Young, I noticed that nearly all the rich clients had their accounts at Union Bank of California, so I eventually opened an account there. They were the only one that I had a positive customer service experience with, and they did something that none of these other banks have done. When I got in financial trouble, rather than charging me thousands in overdraft fees over months and months while I struggled to stay afloat, they simply closed my account. That’s actually the right thing to do. They decided I wasn’t their type of customer and cut me loose. 

I currently bank with US Bank and I’m going to give a concrete example of the type of thing I was talking about in “Two-Glock Lucy” when I said macroeconomics is a fraud. 

US Bank offers a service they call “Simple Loans”, high-interest short-term loans up to $1,000 in $100 increments, repaid in installments automatically withdrawn from your bank account. They advertise this as an alternative to payday loans. 

So I’ve been banking with US Bank for about two years. I opened my account with a cashier’s check for $10,000. Within the last two years, my balance has been over $20,000. For nearly two years, I have been receiving my $2,000 Social Security benefits by direct deposit every month. It’s due to come again in about two weeks. 

So in the hopes of being able to delay a return to jail for a few more days, I thought I’d try applying for a $200 loan so I could book a few more hotel nights and maybe make it until my Social Security check comes. US Bank denied the loan after a credit check. 

So this bank that has charged me thousands in overdraft fees in just two years, where I’ve kept thousands of dollars, won’t even let me borrow $100 for a few weeks!  But they had no problem overdrafting my account by hundreds so they could charge me hundreds in fees. 

But why is MY bank checking my credit at all for this kind of loan?!?  They should know more about my financial status than a credit report tells from looking at my account history. I can walk into any payday loan place and get a loan for $100 with no credit check. But yet my bank that gets $2,000 directly from the federal government every month like clockwork won’t do this for me. Does that make any economic sense?  It doesn’t, unless you consider the widely reported fact that the big banks own the payday loan centers. In the truest capitalist tradition, the goal of the banks is to charge you the highest interest they possibly can. People with means won’t stand for it, but people like me have no choice. 

I said on Twitter a year or so ago, I want to call for a financial audit of my life, and the lives of a random selection of other Americans. Though I’ve been saddled with poor credit most of my life, making everything from housing to employment a challenge, I assert that a thorough and proper audit of my financial life would show that I was a profitable customer to all or nearly all my creditors and that the amounts that I have defaulted on pale in comparison to the profits I’ve made them. But then, I believe that if you audit the financial life of, say...Donald Trump, you would find the opposite to be true and that he has actually cost his creditors money. 

Listen, Jamie Dimon and all you other Jewish guys working as the public heads of financial institutions, you’ve got to quit these jobs!  You can’t be dumb enough or out of touch enough to not understand the damage you are doing. These banks are owned by Gentiles, controlled by Gentiles and the bulk of their absurd profits go to Gentiles. But by sitting in those positions, you are playing into the antisemitic stereotype that Jews control banking and are responsible for all this shit when its really the Social Register WASP Gentile families that are. You shouldn’t be able to find a Jew willing to be the public face of a bank!

But I have to add, this kind of thing, Jewish guys being fronts for the Gentile-controlled banking industry, Weinstein, Epstein, Madoff, Jared Kushner and all the Jewish guys (but not so many Jewish girls) who align politically with the antisemitic Klansmen in the right-wing, it’s what makes me look at Jewish guys and think, “I don’t know...I’m not sure”, while I’m all-in on Jewish girls. I’ve had overwhelmingly positive experiences with the Jewish men I’ve actually known in my life, but while I’m pretty sure Jewish guys aren’t as bad as Gentile guys, they’ve got some showing and proving to establish to my satisfaction that they shouldn’t be grouped with the toxic males. It’s really notable that I can’t name a single Jewish GIRL that git caught doing something really evil. No, Martha Stewart’s bullshit insider trading charge doesn’t count. I’m sure there are some bad Jewish girls out there and someone could point out some examples. But their public record is much better than the public record of Jewish guys, as the public record of Gentile girls is better than the public record of their male counterparts.

Banking is not inherently evil. Banks do a lot of things that are essential to a society that people who don’t understand economics don’t understand. But these Jewish guys working at the top in financial institutions are like the women and minorities working at Fox News, and the now-obligatory Black Republican presidential candidate. They are providing an alibi to the bad guys and contributing to the oppression of their own. You guys gotta quit these jobs, or else the Jewish community should disown them and say, “Those guys aren’t with us. They work for THE MAN!”

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