Obama’s bank tax is chump change - Celente

The tax on banks proposed by Washington guarantees Wall Street $US 4 trillion which means top banks will keep playing the same game in the future, economic trend forecaster Gerald Celente warned.

“Goldman Sachs is nothing more than a big hedge fund, period and paragraph. If they went under – people don’t have go to the ATM machine to get their money out of the Goldman Sachs bank, they do not have Goldman Sachs cheques, they are just fronting for Wall Street and all Wall Street is doing is gambling and their risks are covered by the American taxpayer,” said Celente.

“America was at its greatest when it was not about Wall Street but Main Street; when it was not about the Walmart but moms and pops and community; when it was not about factory farms but family farms. Everything in America has gone corporate,” grieved the forecaster.

Celente concluded by saying, “the merger of state and corporate powers, according to Mussolini, who knew a thing or two about it, is called fascism and fascism is coming to America.”