The merger of corporate and government powers in modern America is plain and simple fascism, believes Gerald Celente, the founder of the Trends Research Institute and publisher of Trends Journal.
Celente takes an in-depth look at what AIG and Goldman Sachs really are and the people behind them; explains the policies of the Obama’s administration, and the moral basis for a forthcoming new American Revolution.
RT: I’d like to begin by talking about the Treasury department. They’ve decided to extend bailout funds to a number of struggling life insurance policies. This is in addition to the auto industry and the banks. Do you think Americans are aware of what’s going on?
G.C.: They know about it, it’s a new trend. America is going from what used to be the major capitalistic country in the world of free market – a crusader – into what Mussolini would have called fascism: the merger of state and corporate powers. So it is not socialism as people believe, it is socialism’s egalitarianism. It’s not communism where the state controls monopolies – it’s fascism, plain and simple. The merger of corporate and government powers. State-controlled capitalism is called fascism, and fascism has come to America in broad daylight. But they’re feeding them it in little bits and pieces. First AIG was too big to fail. Mortgage companies Fannie Mae and Freddie Mac were too big to fail. Banks too big to fail and auto companies. And now we give money to the people that make the auto parts. And now there’s talk about the technology companies, wanting their piece of the action. The merger of state and government is called fascism. Take it from Mussolini; he knew a thing or two about it.
RT: What can Americans do if they are opposed to the road that government officials are bringing them down?
G.C.: The people don’t really have a choice, there is no ballot box. I’m of Italian descent and I’ve heard enough of mafia stories for the rest of my life. If you want to look at a mafia, you can call it a republican and democratic party. And if you want to look at the two families, the heads of the mafia, all you have to do is to look at the Bushes and the Clintons. They’ve been running the show now for some 24 years. We heard about Obama who is going to bring in ‘change’. A change you could believe in if he is dumb, stupid and blind. Look who he’s brought in as his chief policy makers. Retreads from the old Clinton administration. It’s a two-headed one-party system. So it’s very difficult for the people to vote in a new administration that isn’t part of the old one.
RT: Can you tell me one thing that you like about President Obama?
G.C.: In the Trends Journal, the top trends of 2009, one of our trends was that people are going to be putting out ‘recession gardens’. And now as we see the Obamas, they are planting their own garden, and that trend is taking hold. So he is doing that in positive ways, he’s bringing an element of dignity back to society. Those are positives. But now let me look at whether it’s true or the hypocrisy. So, they are talking about planting their own gardens. And they are talking about buying local. Oh, all that is wonderful, but on the other side of the coin they are pushing genetically modified foods while they’re eating organic. So it’s like ‘let them eat Frankenfoods’ – this is the message. So I see hypocrisy at every level. When they show me truth and justice, and the real American way – then I’ll believe.
RT: If I revert to our previous interview, I asked you – “what kind of revolution do you think would happen and when, and why would it happen?” and you said there would be a tax revolt. And now we are hearing more and more about these ‘tea parties’. What do you make of that? Do you think that that’s just the first action and many actions to follow from the American public?
G.C.: There is going to be a lot more. This is just a beginning. As a Bronx boy, my saying is: ‘when people lose everything and they have nothing left to lose – they lose it’.
You’re gonna start see people taking to the streets, like they do in other countries. People have had it, they are fed up. They can’t afford it anymore. Look at what is going on. Ten major states are raising taxes again as people are losing their jobs, income is going down, they are losing their pensions, they are losing their investments – and the government is saying: more taxes, more taxes, more taxes…
At the same time, what’s happening is, on the top, they are changing the regulations so the thieves could steal more, just as they did with the new banking act. They call it mark-to-market. So it is now allowing them to do rather than putting the real loss of their assets – the toxic assets that they are holding – they are letting them make up what they want! Come up with fictitious numbers and you are going to start seeing ‘bank stocks going up again’.
It is fake, and what they are doing is they’re changing the regulations on the top so the big thieves could steal more, while they clamping down on the little people – and the little people have had it.
RT: These stimulus plans, both with former President Bush and with President Obama, were rushed through so quickly and you make a comparison to the way that the US launched the War on Iraq with the same urgency of the plans.
G.C.: They push it through so that people are kept off guard – they put fear into the people’s hearts. Remember the mushroom cloud that was going to explode if we did not do it very quickly with Iraq? And remember the financial system was going to collapse if we didn’t save AIG? And who ever knew the AIG was, to begin with?! “What’s an AIG?! I’ve never heard of one before!” most people would say.
When the AIG plan was rushed through, the only person outside of the Federal Reserve and Washington to sit on that AIG bailout was Lloyd Blankfein, the CEO of Goldman Sachs. Goldman Sachs got $13 billion of taxpayer money so that they wouldn’t take the loss of the AIG bailout because they bet bad with AIG.
And who was the Treasury Secretary at the time? Former CEO of Goldman Sachs Henry Paulson. Oh, and who did Obama bring in to run AIG now for the government? Ed Liddy. And where is Ed Liddy from? Goldman Sachs. The fix is in, the game is rigged. Forget about calling this ‘government’, Wall Street has hijacked Washington.
RT: So now what?
G.C.: We need a revolution. And we’re going to talk about that more in the future. And we’re going to be announcing our plans for the revolution in the coming weeks. And it is going to be much greater than the tea parties or the tax revolts.
My morality, the way I was raised, there are two things in the moral code that are against everything that I was taught. The first is that you don’t kill innocent people, and the US is involved in killing innocent people both in Iraq and Afghanistan. The facts speak for themselves. It has been proven that Saddam Hussein did not have weapons of mass destruction, nor ties to Al-Qaeda. Yet the US is still waging war in Iraq. Number two, this whole thing about Afghanistan, taking over the country for whatever reasons, and the Russians know it even better than the Americans, and the English knew it before the Russians – this has been going on and on. The Afghani people have done nothing to the Americans. And now President Obama has sent another 21,000 troops into Afghanistan. So, killing innocent people is against my morality.
The second part of the revolution, why we are calling for revolution is that we are getting robbed in broad daylight. The numbers and facts we have discussed speak for themselves. They’re pick-pocketing the little people to pay off the big guys. This is against everything that has ever been taught to us in this country growing up as a free market society. It’s fascism.
RT: When somebody calls you a gloom-and-doomer, somebody that’s scaring the public… what is your response to that?
G.C.: My response is suppose you go to a doctor as if you feel that something is really wrong with you and the doctor gives you a diagnosis and this diagnosis is maybe cancer. Do you call the doctor a gloom-and-doomer? It’s the fact, people better grow up. The ship has hit the iceberg and it’s sinking.
We are telling people, just as the doctor would tell a patient, “Look, there are ways out of it but first we have to recognize what the disease is. And then we are going to have to be very inventive about trying to attack it in a number of different ways. We could go through complementary medicine, we could go through traditional… we could even go through a combination of things.” But you respect what the doctor is saying, and you don’t call him a gloom-and-doomer. It is a childish response that people have that want to believe that they have a new leader, and that the new leader would lead them down the yellow brick road of happiness. Rather than understanding that there is nobody behind the curtain. It’s the Wizard of Oz. They’d better grow up; nobody is going to save them.
So, we put out the information, we’re saying: “This is the direction things are going in. This is where we believe they are going to end up. Here are some strategies to consider so you don’t go down with the ship.”