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Last
weekend, I watched a fabulous podcast featuring two of the top “good,
smart guys” in our business – Europe’s intrepid anti-bankster, Max Keiser, and “GERALD CELENTE,
PATRIOT.” Given the exponential increase in information I am
exposed to, the steep learning curve over my “TEN YEARS
OF HEAVEN AND HELL,” and a very busy schedule, I don’t
need to watch as much as I used to. However, some people – such
as the “Ranting Andy-esque” Celente – are just plain entertaining, providing
MUST SEE commentary for anyone serious about learning the TRUTH…
On the Edge
with Gerald Celente – July 22nd, 2012
In it, Celente mentioned the term “TOBACCO MOMENT”
– a phrase I had not heard until this week, when it was
referenced in an article about the exploding amount and exposure
of MASSIVE financial scandals…
“The
banking industry’s tobacco moment”
As
described in the article above, “TOBACCO MOMENT” refers to the
point in the late 1990s when tobacco litigation – regarding cumulative
past offenses – became so widespread and public, the industry KNEW it
would lose its ability to control public PERCEPTION and avoid massive
payouts. Eventually, the tobacco industry was forced to pay $200 billion in
settlements – which so scarred its reputation, bellwether Phillip
Morris changed its name…
Philip
Morris To Change Name to Altria – NYTimes.com
…just
as my former employer – Salomon Smith Barney – ironically dropped
its name in 2003 due to Salomon’s association with scandal…
Salomon Brothers –
Wikipedia
…when
in hindsight, the most notable Salomon scandals – Treasury bid
rigging and banking ties to Enron and Worldcom, to
name a few – were petty compared to those of its new
namesake, Citigroup Capital Markets!
Another
Citigroup Scandal: Business as Usual for Wall Street …
One might
interpret Celente’s comment in regard to
realization of the gargantuan sums Wall Street will likely have to pay to
disburse to settle lawsuits related to MF Global, LIE-BOR, and a slew of
other, high-profile scandals…
Could
Libor-gate Lawsuits Sink Wall Street?
However,
MONEY is not the real issue here, as the government will
BAIL OUT such sins ad infinitum – overtly or covertly –
until such action is no longer feasible. The bigger – and FAR MORE
important ramification of such misdeeds is the GLOBAL realization that Wall
Street is not only a criminal operation, but directly colluding
with MAJOR governments, such as the U.S…
The FED
NOW IMPLICATED in LIBOR-Gate (Who’s Surprised!)
…and
UK…
Turner
and King face up to Liborgate questions
However,
the operative words – regarding the government’s ability to bail
out henchman banks with PRINTED MONEY – are “until such actions
are no longer feasible.” In other words, “Tobacco Moment”
should be compared less to when the cash-rich tobacco industry
realized it would have to give a portion back, and more to when the ENTIRE WORLD realized smoking does in fact
cause cancer.
Philip
Morris Admits Evidence Shows Smoking Causes Cancer …
Translated
to the financial industry, the moment the ENTIRE WORLD realizes Wall Street
is a CRIMINAL operation, robbing the public blind with the help of the
government. For tobacco, smoking’s connection to cancer was well
documented for years before the masses accessed the
“logic” centers of their brain – which is EXACTLY what is
happening today regarding the its understanding of the connection
between Wall Street and white collar crime.
Heist
of the Century – Wall Street’s role in the Financial Crisis
For months,
I have spoken of the “mainstreaming” of commentary regarding Wall
Street crime, a “rubicon” that –
once passed – should spell the END to its ability to manipulate
markets, steal client money, and – generally speaking –
leach off society like parasites. Such diminished power will enable reality
to settle over public perception – and corrupted financial markets
– accelerating the commencement of the END GAME, the destruction
of the fraudulent, GLOBAL fiat currency system.
PROTECT
YOURSELF, and do it NOW!
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