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Gerald Celente continues:


“What I really want to make 100% clear, so that we get past all of the camouflage and the wording, is there was nothing in anybody’s charter, be it the United States, Ireland, Spain, Greece, Portugal, (all of) Europe, etc., which said that if any of these banks made bad bets, when those banks failed the governments would go to the people and say, ‘You have to bail out these banks.’


And they (the people) asked, ‘Why?’....


Continue reading the Gerald Celente interview below...




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“And the reason why is, ‘Because we said so.’  That’s the only reason.  So now we go back to Dexia (which was just bailed out again).  Dexia’s liabilities include total debt exposure of about $70 billion to France, $40 billion to Italy, $30 billion to Spain, and about $40 billion to the US and Canada.


These are nothing more than gambling operations.  So let’s make this really clear.  Dexia just got a fresh bailout (yesterday) of about $5.5 billion.  Do you think that $5.5 billion is going to cover anything?  It’s not going to do anything.  It’s a black hole.


And there’s a black hole everywhere.  There’s a black hole in Spain, Greece, Ireland, Portugal, Italy, and an enormous black hole in the United States.  You do not fill black holes by taking money from the people and filling up that hole with their hard-earned money to bailout banks.  It’s doing nothing.


Think about where that money is going (in Greece).  Even if they get the money, it’s going to the banks.  It’s not going to the people.  It’s going to the banks.  It’s going back to the ECB.  It’s a money laundering scheme.  That’s all it is. 


So the people in Greece aren’t going to be getting this money either.  The entire global system is under collapse, and the people are taking to the streets everywhere.  The people in Santo Domingo (Dominican Republic) are also starting to riot.  They just raised taxes.


You know those Santa Domingans, all the money they have, I mean they are right below Switzerland in GDP right?  So why not raise their taxes by 4%?  They can afford it.  In between begging for money and sweeping streets, I’m sure they could afford an increase.


You see this going on everywhere.  It’s criminality at all levels.  And then start adding everything else that’s going on, and that’s why I believe in gold and silver.  It’s not, to me, a question of why anymore?  It’s a question of why would anyone not invest in gold and silver?”


The above information was just a small portion of Celente’s outstanding audio interview.  This is an extremely important interview with Celente because he gives KWN listeners an exclusive sneak peak at at the major trends he expects to see going forward. The KWN audio interview with Gerald Celente is available now and you can listen to it by CLICKING HERE. 


© 2012 by King World News®. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.  However, linking directly to the blog page is permitted and encouraged.


The interviews with Rob Arnott ($100 billion), Gerald Celente, John Hathaway, John Embry, Stephen Leeb and Don Coxe (BMO $538 billion) are available now.  Also, be sure to listen to other recent KWN interviews which included Rick Rule, James Turk, Egon von Greyerz, Nigel Farage and Art Cashin (UBS $612 billion) by CLICKING HERE.


Eric King

KingWorldNews.com

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