Welfare State

JPMorgan profits from the food stamp scam while Americans are fed disease-promoting junk food

By Jonathan Benson

When the food stamp program was first created, the idea was to help struggling Americans stay afloat while they sought employment or other means of subsistence. But today, the program is essentially run by the banking cartel, which profits heavily from enrollees who more often than not purchase disease-promoting junk food that eventually lands them into welfare health programs, which in turn support the pharmaceutical cartels.

Not too long ago, the Supplemental Nutrition Assistance Program (SNAP) actually handed out paper stamps to enrollees, who used them in place of money at the grocery store. Today, the system has gone paperless, with JPMorgan-issued debit cards representing the new standard as it is both discreet and easier to manage.

But the same banking corporation that in 2008 was bailed out of collapse by U.S. taxpayers to the tune of $12 billion doesn’t provide these cards for free. According to the Roosevelt Institute, JPMorgan’s net revenue from producing food stamp debit cards was nearly $5.5 billion just in 2010, and the institution continues to increase its food stamp bottom line as increasingly more Americans enroll in the program.
Read more @ Natural News

Related Posts:

Leave a Reply