What is JP Morgan Chase?

JP Morgan Chase is the simply the governments’ main holding

company.

JP Morgan Chase, as of March 31, 2008, was holding 89.99 trillion

($89,997,271,000,000) in derivatives. These were mostly government
futures (bets on future prices). 89.99 trillion!!!!

JP Morgan Chase was only holding 1.4 trillion ($1,407,568,000,000) in

actual assets at the time!

From: “OCC’s Quarterly Report on Bank Trading and Derivatives

Activities First Quarter 2008″

Table 1: NOTIONAL AMOUNT OF DERIVATIVE CONTRACTS

TOP 25 COMMERCIAL BANKS AND TRUST COMPANIES IN
DERIVATIVES
MARCH 31, 2008

RANK BANK NAME TOTAL DERIVATIVES

1 JPMORGAN CHASE BANK NA $89,997,271,000,000

2 BANK OF AMERICA NA $37,939,665,000,000
3 CITIBANK NATIONAL ASSN $37,691,434,000,000
4 WACHOVIA BANK NATIONAL ASSN $4,884,775,000,000
5 HSBC BANK USA NATIONAL ASSN $4,279,737,000,000
6 WELLS FARGO BANK NA $1,440,229,000,000
7 BANK OF NEW YORK $1,058,618,000,000
8 STATE STREET BANK&TRUST CO $904,593,000,000
9 PNC BANK NATIONAL ASSN $248,705,000,000
10 SUNTRUST BANK $241,369,000,000

*Note: 2010 2nd quarter derivatives holdings for JP Morgan Chase were
listed at $75,253,921,000,000, with only $1,568,093,000,000 in assets.
*Note: BofA and Citibank Derivatives went up to 48.5 trillion and 45.9
Trillion respectively.

*Note: Goldman Sachs is also now listed for 2nd quarter 2010 as
holding 42 trillion in derivatives contracts, with only 95.5 billion in
assets, seemingly from out of nowhere, as they are not listed on this
2008 report!

See all Office of the Comptroller of the Currency (OCC)reports

here: (http://www.occ.gov/topics/capital-markets/financial-
markets/trading/derivatives/derivatives-quarterly-report.html)

Over-the-counter derivatives traded privately between investors are

largely unregulated. The global over-the-counter derivatives market is
estimated as of 2003 to have a value of $142 trillion and as of 2010 580
trillion… The Fed continues to be concerned that the relatively small
number of institutions that act as dealers in derivatives markets may
pose risks. In particular, the Fed worries what would happen “if a big
derivatives dealer had to exit the market.” –Alan Greenspan –
2003

JP Morgan is majority owned through stock investment by collective

government. Collective government is simply defined as the over
185,000 individual state, county, city and other municipalities, school
districts, pension and other funds, and other governments throughout
the United States. Therefore, any actions by which JP Morgan partakes
in and any decision this bank makes is voted on by collective
government through proxy votes (stock-ownership “institutional”
voting). This is called corporate governance.

In fact, it is corporate fascism.

All national banks are chartered. In other words, they are under
government law. They get away with murder because the government
allows them to. After all, banks are the governments’ most dangerous
weapons!

Banks are not above the law… government is.

And hilariously to our government keepers I’m sure, we continue blindly

trying to fight this corrupt system of government from within the
constraints of its own imposed laws, while government continues to
operate well outside of the very laws it sets, regulates, and enforces upon
us.

We are mice caught in a maze with no exit. For the game is rigged by the
gatekeeper.

Here is just a short and quite incomplete list of individual stock

ownership by “collective government” in the corporation JP Morgan
Chase. Note that this is only a handful of pension funds, which are
component units of their prospective “state, county, or city
governments” and which took me many, many hours of research to find.
These are simply listed as part of the top 10 equity investments held on
each governments’ most recent comprehensive annual financial report
(CAFR). You can pull each one up yourself, as they are government
documents required by federal law. Also note that this does not take into
consideration each governments’ other investment fund totals, for which
all governments invest in as a whole (mutual funds, foreign currency
funds, real estate funds, Fortune 500 and S&P Funds, domestic and
international corporate bonds, some preferred stock holdings, private
corporate or equity investment funds, etc…) which also hold these stocks
in JP Morgan Chase. Also, some reports don’t list the number of shares,
just their value or percentage of total equities held in the fund – though
it would be easy to fill in the blanks…

JP MORGAN CHASE STOCK SHARES $VALUE OF

HOLDERS: OWNED: SHARES:

Alaska Public Employees Retirement

61,477,033
System
Arizona Public Safety Personnel
580,815 19,811,610
Retirement System
California Public Employees Retirement
11,096,822 378,513,000
System (CalPERS)
California State Teachers Retirement
15,178,407 517,735,463
System (CalSTRS)
-Fresno City Employees Retirement System 58,828 2,006,621
-Los Angeles City Employees’ Retirement
1,292,519 44,087,823
System
-Los Angeles County Employees
532,580 18,166,000
Retirement Association
-Merced County (CA) Employees’
64,744 2,208,418
Retirement Association
-Sacramento County Employees’
384,785 13,125,000
Retirement System
Colorado Public Employees’ Retirement
4,570,621 190,458,000
Association
Connecticut Combined Investment Funds
60,967,771
(CIF)
Florida Retirement System – Defined Benefit Pension
503,973,296
Plan
Florida Retirement System – Investment
2,115,031
Plan
Georgia Teachers Retirement System 5,938,695 202,568,886
Illinois Municipal Retirement Fund (2008) 56,754,914
Illinois Teachers Retirement System 65,932,720
Indiana Public Employees’ Retirement
866,723 29,564,000
Fund
Kentucky Retirement Systems – Insurance
206,975 7,095,917
Fund
Kentucky Teachers Retirement System 81,600,125
Louisiana State Employees Retiremment
545,450 18,605,300
System
Louisiana Teachers Retirement System 907,616 30,958,782
Maryland State Retirement and Pension
2,750,631 93,824,023
System
Massachusetts Pension Reserves Investment Trust Fund 57,574,000
Minnesota Public Employees Retirement
87,100,000
Association
Minnesota Teachers Retirement
84,800,000
Association
Mississippi Public Employees Retirement
2,636,943 89,946,126
System
Missouri Public School Employee
55,069,162
Retirement System
New Hampshire Retirement System 380,300 12,972,000
New Jersey Division of Pensions and
6,528,154 222,700,000
Benefits
New Mexico Educational Retirement Board
626,331 7,445,824
(Pension)
New Mexico Public Employees Retirement
917,351 31,290,843
Association
New York State and Local Retirement
15,401,817 689,231,311
System
New York State Teachers Retirement
430,617,943
System
-New York City Board of Education Retirement System 9,358,727
-New York City Employees Retirement
4,963,319 169,298,811
System
-New York City Fire Pension Fund 871,607 29,730,515
-New York City Police Pension Fund 1,222,183 47,384,034
Ohio Highway Patrol Retirement System 20,100 633,753
Ohio Public Employees Retirement System
7,973,895 251,416,909
(2008)
Ohio State Teachers Retirement System 8,033,964 274,038,512
Pennsylvania Public School Employees
834,000 28,454,000
Retirement System
Tennessee State Pension Trust Funds 3,212,775 109,587,755
Texas County and District Retirement
38,100,000
System
Texas Employees Retirement System 2,875,400 124,964,884
Texas Teachers Retirement System 298,274,715
Utah Retirement Systems 1,286,050 53,589,704
Utah Retirement Systems 334,405 13,934,656
Virginia Retirement System 3,467,525 118,277,279
-Richmond (Virginia) Retirement System 24,800 907,928

*Note: Total of outstanding shares of JP Morgan Chase: 3,950,000,000

*Note: Total of shares needed to have controlling interest (50.01%):

1,975,000,001

*Note: Total of outstanding shares owned by all government

funds: ?,???,???,???

The moral of this story is that government is the one raping our
economy and manipulating markets in favor of its investment held
corporations – especially its banks – and through its bank friendly
legislation.

Once again, blaming the bank is like blaming the president of the United
States. We all know he is a tool being used by the real power in and out
of government. And when considering that his whole staff is appointed –
not elected – and that most of them are former lobbyists and former
corporate attorneys, it doesn’t take a lot of imagination to grasp the
larger picture of how things work – banks are government owned and
regulated, just as all Fortune 500 and other significant domestic and
international corporations from pharmaceutical companies to weapons
manufacturers to grocery store chains.

If we want to fix the problem of corruption in government, we must

attack it at the root of the problem. In order to do that, we must
comprehend how the government machine works. First we must read
and comprehend and share with others the Comprehensive Annual
Financial Reports of our local and state governments. And eventually,
we must dissolve the corporation that is acting unconstitutionally in lieu
of our government, take back all of this investment wealth for the good
of the people, and re-institute strict regulations and anti-usury laws for
our usurious banking industry.

The corporate government owns the corporations.

The government then regulates the market in which its investment held
corporations operate and do business.

And the government will not punish its own institutions and threaten its
corporate profits, just because we hope it will or because we ask it to.
Not even if we demand it!

Wake up America!

Your government is a private, for-profit corporation. It is your enemy –

and it is stealing your wealth, prosperity, land, and happiness from
under your noses through its investment held corporations.

Learn more by visiting these sights:

Watch “The Corporation Nation” at: TheCorporationNation.com

Visit Walter Burien at: CAFR1.com

. http://www.cafr1.com/
–Clint Richardson (realitybloger.wordpress.com)
Tuesday, November 16, 2010