Let Them Eat Losses

[John Thomas8]

by Gerald Celente

This had nothing to do with the so-called “Trickle Down” theory. This was “Gush Up.” In Bush/Obama economics, the richest and biggest that had lost billions through bad investments, or were in danger of going bust, had to be rescued. If the Über-Rich weren’t saved, there would be nothing left to trickle down to the population below. By government decree, those taxpayers who had never felt any trickle to begin with, now had to finance the failed financiers.

If taxpayers found themselves unable to understand the thinking behind “Gush Up,” it was not surprising. Why should it make sense? Nothing else did. The entire financial system had been hijacked by bandits. It was criminal from beginning to end.