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Obama’s bank tax is chump change - Celente
Published: 15 January, 2010, 12:17
Edited: 13 February, 2010, 18:26
TAGS: Scandal, Crisis, Protest, Politics, Crisis Chronicle, USA, Finance
The tax on banks proposed by Washington guarantees Wall Street $US 4 trillion which means top banks will keep playing the same game in the future, economic trend forecaster Gerald Celente warned.
“Goldman Sachs is nothing more than a big hedge fund, period and paragraph. If they went under – people don’t have go to the ATM machine to get their money out of the Goldman Sachs bank, they do not have Goldman Sachs cheques, they are just fronting for Wall Street and all Wall Street is doing is gambling and their risks are covered by the American taxpayer,” said Celente.
“America was at its greatest when it was not about Wall Street but Main Street; when it was not about the Walmart but moms and pops and community; when it was not about factory farms but family farms. Everything in America has gone corporate,” grieved the forecaster.
Celente concluded by saying, “the merger of state and corporate powers, according to Mussolini, who knew a thing or two about it, is called fascism and fascism is coming to America.”
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Nuta, only you comprehend what you are saying. Just watch for communists, aliens, and green people. They are really everywhere. And Iceland is really that bankrupt little country --- that nobody in the world would help but Russia? Huh? As for the health care reform, do not think too hard, you can hurt yourself. Peace!
@Bianca “The freedom of speach? I consider it non-existent”? Who are you calling “dumb and uneducated”? It seems to me that you are speaking of yourself. No!..the crises did not start in 2007, it started long before that but by your comments, I don’t think you can comprehend what I am saying… You mention “Iceland” ..lol…….a bankrupt country that beg for assistance and money from anybody in the world that would help them but nobody did other Russia….they basically sold themselves to Russia to keep from hitting rock bottom….. Your comments of Health Care are those of a Communist who all they wish for and want is to keep everyone under their control…. Sorry, but the world has changed and we are all in for turmoil and growing pains….. so get over all of you dumb assumptions….
Banks can CREATE money. The BANKSTERS will always have the upper hand because this is the way the system is designed. Political propaganda will not change anything because it is nothing more than a lot of word noise and politicians are still serving their "BIG MONEY MASTERS".