Gerald Celente Trends Forecasts coming true year after year
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Celenter is just like Schiffty Pete. Every time the facts prove him wrong he moves the goalposts.
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"averageworkinggal" does not even understand the basics of derivatives or of bonds, all she is doing is digging herself a deeper hole.
First of all an IRS is an interest rate swap not the internal revenue service.
Second of all bond prices and yields have an inverse relationship, that is a fact.
Third, it is impossible for banks like BOA to actually own $50 trillion worth of hedged IRS with treasuries as a reference as that exceeds the entire treasury market multiple times over.
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That would make the money laundered through chrysler go to cerberus.
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Operating expenses, Cerberus is their owner and operator by definition.
You can use juvenile humor to insult whomever you would like, but that certainly is not going to help your argument.
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You've exposed yourself completely as a TOTAL DELUSIONAL CRACKPOT.
Cerberus didn't get anything.
Their $7.4B investment in Chrysler was wiped out and the TARP money went to operational expenses to keep Chrysler running.
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Cerberus which then received billions through Chrsyler.
All the large financial firms in the US are fundamentally insolvent. These bailouts that they have been receiving are only delaying the inevitable.
2 years ago 2
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Cheek, better recheck your math
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The guy towards the end says that a million seconds is about 12 days (which is true)... but then he says that a billion seconds is 32 years... when in fact it is less than three and a half years.
He also trys to downplay Celente's warning about the future of the US.
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UKSecretCourts 2 years ago 14
Its feeling pretty collapsish in here.
FlailingJunk 2 years ago 13