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Paul Farrell Explains Why The Fed-Wall Street Complex Will Self Destruct By 2012



October 05, 2010 – Comments (2)

Zerohedge has the find here: Submitted by Tyler Durden on 10/05/2010 11:24 -0500

Some rather scary predictions out of Paul Farrell today: "It’s inevitable: Wall Street banks control the Federal Reserve system, it’s their personal piggy bank. They’ve already done so much damage, yet have more control than ever.Warning: That’s a set-up. They will eventually destroy capitalism, democracy, and the dollar’s global reserve-currency status. They will self-destruct before 2035 … maybe as early as 2012 … most likely by 2020. Last week we cheered the Tea Party for starting the countdown to the Second American Revolution. Our timeline is crucial to understanding the historic implications of Taleb’s prediction that the Fed is dying, that it’s only a matter of time before a revolution triggers class warfare forcing America to dump capitalism, eliminate our corrupt system of lobbying, come up with a new workable form of government, and create a new economy without a banking system ruled by Wall Street." And just like in the Hangover, where the guy is funny because he's fat, Farrell is scary cause he is spot on correct.

The rest is here:

2 Comments – Post Your Own

#1) On October 06, 2010 at 8:48 AM, mtf00l (46.64) wrote:


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#2) On October 10, 2010 at 8:11 AM, AltData (31.94) wrote:

Sounds like Marxist theory prredictions for Capitalism.

All we really need in 2012 is a new sherriff to come to town and run for President. One not from the GOP or DEMs.

In any event, if unemployment worsens, criminal activity will increase. Desperate men (and women) do desperate things.

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