Gerald Celente calls out Jamie "two-bit" Dimon and his Financial Crime Syndicate

Welcome to Capital Account. What we are seeing across the Western world is exactly what happens when faith in the systems of governance and commerce are shaken to such a degree that the emerging cracks in the foundation appear too large and the holes too gaping to fix by traditional means. Nowhere is this more obvious than in Greece, where a system-wide reset seems the only realistic outcome at this point. The inability of politicians to form a viable government is only the latest act in this national drama. Deposit and capital flight, a collapse in domestic investment, and a paralyzing debt burden have weighed on a Greek economy in the throes of a dark social depression unlike anything the country has seen in recent generations. And with similarly-indebted neighbors facing bailouts and austerity, it's not hard to imagine a similar trajectory for other economies.

So as the cracks within western societies and their economies grow larger and deeper, the divide between the real economy and the one inhabited by the financiers grows equally with it. Last week, we learned that JP Morgan, the largest Wall Street bank to have emerged from the crisis of 2008 not only unscathed, but enriched and bigger than ever before, announced a hole of its own on its balance sheet of more than $2 billion dollars. But not to worry, because cracks on Wall Street can always be fixed with the glue of more easy money, deregulation and monopoly privilege. Holes can be filled with the endless support of central banks, who stand ready to enrich our feudal banking oligopoly at the expense of the systems of government and commerce that built the same wealth that is now being extracted with an ease and efficiency reminiscent of an industrial assembly line.

Jamie Dimon, the CEO of America's largest bank by assets, made an appearance on NBC's Meet the Press this Sunday. Downplaying the impact of the two billion dollar loss that JP Morgan recorded from its risky bets, the loss that turned out NOT to be the tempest in the teapot he had previously blow it off as, Dimon said the bank will still earn a lot of money this quarter. Banks are supposed to earn money by helping the economy grow. They make money from that growth. Making money while the rest of the economy suffers isn't earning money, it's extracting it, it's stealing it, and that's a theme we see on both sides of the Atlantic. We see it from bank bailouts in the eurozone disguised as bailouts for societies to the casino capitalism of Wall Street banks disguised as legitimate business. We speak to Gerald Celente, Founder of Trends Research Institute & Publisher of the Trends Journal about it all.

Plus, the US Department of Justice can't tell you how many criminals have been prosecuted in the financial crisis because they don't keep track and a Facebook co-founder ditches his US citizenship for residency in Singapore. Demetri, Lauren and Shannon give you their two cents on today's "Loose Change."

• Category

  News & Politics

[frmkt]

Jefferson and Jackson warned us about the banks; fought against the banks and almost died because of the banks. Eisenhower warned us about the Military Industrial Complex. Ron Paul has fought and warned against both entities and yet, the masses simply do not find the time to comprehend what is going on in front of them. For those "in the know," the theft is taking place right before our eyes and those that are being "fleeced," are trying to determine who will be allowed to fleece them further!

[libertydogfight]

America's banking system is the Casino Royal - The Govern/Mafia Casino Owners prints money based upon the Peoples future taxes(now spent 20 years in advance) Taxes that are now based on revenue through Year 2032 are being spent today. Now money continues to flow out the back door of the Casino and the Owners keeps illegal drug flowing in the back door to keep the taxpayers STUPID.

[Ctemple2012]

It's a bit more complicated than a water filter but it helps, check out the term the Great Culling and take it from there Buddy, you'll find your way...

[Dahmian John]

Ok, so you have woken up. but what have yo done about it? Do you only drink bottled water? Have you purchased a water filter which can remove flouride? What action have you taken, I am interested because I would also like to wake up and take action.

[Spartaculus Jones]

Money rules and big money dominates.

[Ctemple2012]

Your so right about Flouride mate...people are begining to wake up even here in Australia. It took me some time to realize as I resisted, but thankfully I woke up!

[alexanderkarl11la]

If the people are stupid enough to allow it then they deserve what they get I just wish we didnt have to go down with them.

Like your name too! but were not in the fight just yet!

[John Farley]

It's a legal drug and it's called FLOURIDE. Stalin and Hitler both used it to dumb people down. It seems to be working well.

[MrCBXer55]

I've been slowly watching some of your shows from before I became aware of your existance. This one was awesome, Gerald Celente was GREAT!

Going to have to call his performance "The Rant Of the Year!"

This is one I really want to send to some folks in my e-mail address book. ;-)

[Drumvain]

Great report, death to the banking oligarchs!

[blackdogleg]

17,000 views kinda says alot.

[blackdogleg]

this show would never be allowed in the West, it tells it like it is and the same corporations that benifit from these crimes own the media.