Bailout

Gerald Celente, 12.29.2010; The Fed’s $20 Trillion Bailout/Payoff

(Editor's Note:  For those looking for a 'Happy New Year' from the Monster; dream on...it's just another day in the campaign against the Wall Street banks, DHS, the Federal Reserve, colluding large corporations (Wal-Mart) and the bloated federal government.) Gerald Celente being interviewed on KFI AM 640 with John and Ken about the $20 Trillion that the Fed has used to bailout and payoff banks all over the world, hedge funds, and large corporations. The story starts at the five minute mark in part 1.  Gerald continues with the financial abyss that has turned the entire world into a deer…
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Société Générale: Euro Headed For Collapse

What a headline to wake up to.  When one of the oldest banks in the world, and one that we as taxpayers helped bailout using AIG funds makes these types of statements, you better listen up. Collapse of the euro is 'inevitable': Bailing out the Greek economy futile, says FRENCH banking chief The European single currency is facing an 'inevitable break-up' a leading French bank claimed yesterday. Strategists at Paris-based Société Générale said that any bailout of the stricken Greek economy would only provide 'sticking plasters' to cover the deep- seated flaws in the eurozone bloc. The stark warning came…
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What’s Wrong With This Headline?

"GM borrows $4 billion more, prepares for bankruptcy" I KNOW I am not the only one that sees the absolute insanity of that headline.  If any of us, or any small business owner was in the position of Chrysler or GM trying to get funding, our banks and creditors would be laughing so hard, they would need to change their undies as they were slamming the door on our behinds.  Instead, the secured creditors are being kicked to the curb so that the Feds and the UAW can own both these automakers, and if any of you think "we the…
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