Gerald Celente: "The selloff of America

Gerald Celente: "The selloff of America"

www.prisonplanet.com

Financial institutions on Wall Street are preparing to pay a shocking record $144 billion dollars in compensation & benefits. This amid spiraling foreclosures and an economic crisis that has devastated Americans, leaving many out in the street. Gerald Celente of the Trends Research Institute says that the gap between rich and poor in the US will continue to get larger because of the bank bailout that Washington shelled out in 2008.

(visit the link for the full news article)

Well there you go, the bonuses add up to $144 billion dollars for 2010, that's where the money went. Soon they'll be needing another bailout (QE2) to pay their inflated bonuses.



www.prisonplanet.com
(visit the link for the full news article)

I'm not sure what to make of Celente. He certainly provides the worst case scenario!

At least here in the UK the big banker bonuses will be subject to 50% tax. So half of it will go straight back into the public's pocket. That's the theory anyway...