Corona virus a boon to American Banks.
Consumers paid $34.3 billion in overdraft fees during 2017 compared to $33.3 billion in 2016, The New York Post reported. Despite the increase, consumers aren't, in fact, overdrawing their accounts.Mar 28, 2018
"Flash forward to 2020... Corona virus caused even disney to close... With that loss of EMPLOYEE loss of income will mean OVERDRAFT FEES to millions of American and others....Hence Banks will gain an estimated 48 Billion dollars from overdraft fees alone in 2020 thanks to this flu...
Who do they take this money from? Low and mid income America" Ben Judea
As Thomas Jefferson once said, "Banks are worse than an enemy army across the river"
The American Banking system that includes the federal Reserve don't want a prosperous american populace... Why?
Consider the fact that an analysis found:
In the first half of 2018, Bank of America reported a record first half with its net income of $13.7 billion. The bank's total revenue came in at $22.6 billion in the second quarter, which, while up 1% from $22.6 billion in the second quarter of 2017, was down from the first quarter's revenue of $23.1 billion.Jul 16, 2018
1 billion of that profit for BOA came from over changing the poor....
In other words the American Banking system will actively look for ways to keep the American people as poor as possible because there's profit... Look at that sum of overdraft fees for 2017...
Over 11,450,000,000... Eleven Thousand Million Dollars that the banks Strangled out of the American people for their own excessive corporate payout for mediocre managers and executives...
Here is a secret told to us by a Banking Executive
Banks have a banking software that identifies certain account holders that targets them as possible over drafters... They will then FLAG your account to withhold certain payments or deposits that way you will be overdrafted... Using the automatic software that pays out the largest sum from your account by moving that large sum ahead (move it out of payout line) of the other smaller payouts knowing that it can charge the poor account holder 6 overdraft fees instead of 1 thanks to that secret software....
Take for instance Bank Of America... aka B.O.A
Bank of America's global reach serves 47 million consumers and small businesses with 4,700 financial centers and 16,000 ATMs...
Do the math on over drafts fees for 30 million BOA accounts. $30.00 per over draft 6 times per month....
This is just 1 bank
That is why banks prefer the American population poor... And will actively behind the scenes do everything they can to slow the economy...
"Flash forward to 2020... Corona virus caused even disney to close... With that loss of EMPLOYEE loss of income will mean OVERDRAFT FEES to millions of American and others....Hence Banks will gain an estimated 48 Billion dollars from overdraft fees alone in 2020 thanks to this flu...
Who do they take this money from? Low and mid income America" Ben Judea
As Thomas Jefferson once said, "Banks are worse than an enemy army across the river"
The American Banking system that includes the federal Reserve don't want a prosperous american populace... Why?
Consider the fact that an analysis found:
- Large banks reported charging consumers $11.45 billion in overdraft and NSF fee revenue in 2017, up $10 million from the 2016 total and up 2% from 2015. Nine billion dollars of this amount was earned by the 20 banks that charged the highest volume of fees.
- All 10 of the nation’s largest banks charge overdraft fees in excess of $30, although a few do not charge these fees on POS and/or ATM transactions;
- More than one of the top 10 largest banks still engage in each of the following abusive practices: charging sustained/extended overdraft fees in addition to per-transaction overdraft fees; using high-to-low transaction processing for some types of debit transactions; and allowing five or more overdraft fees to be charged per day to customers.
In the first half of 2018, Bank of America reported a record first half with its net income of $13.7 billion. The bank's total revenue came in at $22.6 billion in the second quarter, which, while up 1% from $22.6 billion in the second quarter of 2017, was down from the first quarter's revenue of $23.1 billion.Jul 16, 2018
1 billion of that profit for BOA came from over changing the poor....
In other words the American Banking system will actively look for ways to keep the American people as poor as possible because there's profit... Look at that sum of overdraft fees for 2017...
Over 11,450,000,000... Eleven Thousand Million Dollars that the banks Strangled out of the American people for their own excessive corporate payout for mediocre managers and executives...
Here is a secret told to us by a Banking Executive
Banks have a banking software that identifies certain account holders that targets them as possible over drafters... They will then FLAG your account to withhold certain payments or deposits that way you will be overdrafted... Using the automatic software that pays out the largest sum from your account by moving that large sum ahead (move it out of payout line) of the other smaller payouts knowing that it can charge the poor account holder 6 overdraft fees instead of 1 thanks to that secret software....
Take for instance Bank Of America... aka B.O.A
Bank of America's global reach serves 47 million consumers and small businesses with 4,700 financial centers and 16,000 ATMs...
Do the math on over drafts fees for 30 million BOA accounts. $30.00 per over draft 6 times per month....
This is just 1 bank
That is why banks prefer the American population poor... And will actively behind the scenes do everything they can to slow the economy...
All in all, the top 15 largest banks now hold a combined total of $13.7 trillion in assets. For a sense of the vast scale of that wealth, $13.7 trillion is enough to buy everyone on Earth a 13-inch MacBook Pro, with a little left over for accessories.
Look at this situation form a patriotic point of view... If the Russians of China was doing this to the American people we would fight back with fury....
If you invest in banks for the dividends or even work a bank that uses HIGH TO LOW payout software... You are a willing participant in to a scheme that ACTIVELY seeks to keep Americans poor, this is the same as if the chinese government was doing this to Americans.
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