Gerald Celente on KFI-AM Radio part 1/2
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This guy is on the money. We should have let the banks fail.................
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We should of let the banks fail.Many Americans contacted their state Representatives to not bailout these banks only to fall on deaf ears.
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I don't know what's going to happen but it's not going to be that bad. Food will probably double in price but if you eat at home more you shouldn't have a problem.
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A big money market fund had invested in Lehman.
When Lehman went down, it triggered a panic in a run on money market funds of hundreds of billions that was not arrested until Treasury offered a $250K guarantee.
This is what triggered the govt. to move for the TARP bailout.
They nationalized AIG to prevent a CDS panic.
TARP was all about prevention of panics that would have sucked the capital out of the economy.
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So true. Lehman fails and nothing happend to me. Lehman failing didnt make anything worse. I dont know what CNBC and the news are talking about. Lehman going under was a good thing!
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you Canadians can still fight this- fight it with everything you have!
Here in the US, our leaders are no longer listening to us. We're finished.
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Years ago, (prior to 88 when the Californian's moved in and bloated the Texas state government), pickup trucks in Texas all had the bumper sticker:
Secede!
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Lets reward the industries that make big mistakes: America is a socialist country for corps!
Guarantee that America can't compete in the world!
Take money from the competent & give to incompetent?
Daschle, Killefer, & Geithner skippin' out on payin' taxes; Barney Frank was arrested for running a male prostitution ring from his own house when he was supposed to have oversight of Freddie Mack; Sen Dodd for mortgage fraud; etc
Is it now time American citizens break the law?
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Every 15 months, the USA owes another trillion dollars against Gov expenses!
Prop up the bad guys with money!
Reward the mistakes & incompetence!
Weve increased the Money Supply 70% since October!!!!!
Can you imagine?!
Bernanke refused to show up the other day before congress
Altogether, the worlds markets over the past four weeks saw $11 trillion worth of assets wiped out. This sum corresponds to virtually the entire annual gross national product of the US, or the European Union
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Fed debt per person: $58K
Un-funded Medicare/Medicaid per person: $332K
Fed's plundered trusts per person: $30K
Un-funded SS: $166K
Every American owes: $586K for FED debt
Gov grows 4 Xs faster than economy
Fed spending grows 16 times faster than economy, (16 fold expansion in control & gov dependence)
The US gov now holds 57% share of entire National Income = Government makes more than all the money made in private sector!
How long does the USA honestly think it will last?
Lets the riots begin.
Hopefl1 3 years ago 9
For too many years honest working Americans have been blood sucked by glutenous sloths, filthy rich pigs and a thugish crooked government. Americans are holding out and now our wealth is being pulled out of our ass forcefully to feed these parasites. revolution is damn right!
1217jesss 3 years ago 7