Gerald Celente - Bank-Pay-Back Scam Another Criminal Cover-Up
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Uploaded by nwotaser on Jan 15, 2010
http://RT.com AND http://www.youtube.com/RussiaToday Gerald Celente on Russia Today Describes how the "Financial Mafia" is at it again. 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.
Propeller Goldman Sachs is nothing more than a big hedge fund, period and paragraph. If they went under people dont 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.
_excerpt from rt.com-
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Beware of the CPI. It is based on an assumption that we are continually substituting substandard goods for quality goods. I have to agree with Peter Schiff that real inflation for most people is around 8%. At that rate, our wages need to double in nine years or our standard of living will take a huge drop. What we are likely to see with the money printing is rising prices on things that we need (food, clothing, shelter, medicine). Prices for things that are not necessities may fall.
JerryGing 2 years ago
tony, there is no inflation because credit is contracting at an even faster pace. Be careful with these hyperinflation people. This past 30 year boom in America was from excess credit, not currency. Credit and debt is imploding. When that happens, all those dollar dissapear. Look at houses that are now 200k that were 400k 4 years ago. Thats 200k that dissapeared right out the door.
Exposethefrauds 2 years ago
for the same reason why we are in this mess: there is no big investment opportunity in the real economy and they are largely only filling up the holes...
additionally, their mbs purchases are indirect treasury purchases -- something the fed is forbidden to do directly.
kalium456 2 years ago
Can anyone explain how or why inflation is so low in the U.S. when they have increased the money supply so drastically? It would seem to me that if you come close to doubling the money supply around the world in U.S. dollars then why isn't inflation around 100%
tonym987 2 years ago