Gerald Celente - on MF Global bankruptcy - 'The system is collapsing'

[hvactec]

[ame=http://www.youtube.com/watch?v=lRl44kUHToc]Gerald Celente - on MF Global bankruptcy - 'The system is collapsing' (17-Dec-11)(NWO ECONOMICS) - YouTube[/ame]

 

[waltky]

Companies goin' belly-up left an' right - Granny says its the end times financial collapse...

Electric-Car Firm That Got Biden Visit, $118M in Stimulus, Files for Bankruptcy
January 26, 2012 - Ener1--a company that manufactures batteries for electric cars, and that received $118.5 million in federal stimulus money, and that Vice President Joe Biden visited last year the day after President Obama’s State of the Union Address—announced today that it has filed for Chapter 11 bankruptcy protection.

In last year’s State of the Union Address, delivered Jan. 25, 2011, President Obama set a national goal of having a million electric vehicles on the road in the United States by 2015—a goal that would be achieved, Obama said, by taking money out of the oil industry and “investing” it in new technology. “With more research and incentives, we can break our dependence on oil with biofuels and become the first country to have a million electric vehicles on the road by 2015,” said Obama. “We need to get behind this innovation,” he said. “And to help pay for it, I'm asking Congress to eliminate the billions in taxpayer dollars we currently give to oil companies. I don't know if you've noticed, but they're doing just fine on their own. So instead of subsidizing yesterday's energy, let's invest in tomorrow's.”

The next day, Biden visited the Ener1 plant in Greenfield, Ind.—which the White House said at the time had received a $118.5 million grant from the Department of Energy and was the type of investment the president was talking about in his State of the Union. Brian Levine, deputy domestic policy adviser to Biden, wrote an article about Biden’s visit to Ener1 on the White House webpage for the White House Middle Class Task Force, which Biden leads. The article was headlined “Our Plan to Put One Million Advanced Technology Vehicles on America’s Roads.” “Last night, President Obama set a goal of making the United States the first country in the world to put one million advanced technology vehicles on the road,” Levine wrote. “This goal is part of the President’s plan to rebuild our economy by investing in innovation to create the jobs and industries of the future.

“Today, Vice President Biden visited Ener1, Inc., a manufacturer of advanced batteries for electric vehicles, in Greenfield, Indiana to announce our plan to reach this one million vehicle goal by 2015,” wrote Levine. “The facility that the Vice President visited would not exist if not for a $118.5 million grant from the Department of Energy, which was part of a $2.4 billion Recovery Act investment in electric vehicles. Ener1 added 120 jobs across the company in 2010 and the future looks bright. They expect to expand the manufacturing and assembly operation in Greenfield from 80 workers today to over a thousand by the start of 2013.”

At the Ener1 plant, Biden made a gaffe, mistakenly referring to Ener1—as Enron1. “Well, ladies and gentlemen, here at Ener1, we’re going to harness electricity and bring it to the world like Edison did more than a century ago,” said Biden. “We're going to reshape the way Americans drive, the way Americans consume, the way Americans power their lives. And in turn, we're going to reshape America itself. We may not make battery power so cheap that only the rich can afford to drive their cars on imported oil, but—but--with Enron1 (sic) leading the way, we're certainly going to come pretty close.” Ener1 produces advanced lithium-ion battery systems for electric vehicles. On Thursday, the company put out a statement announcing that it was filing for Chanter 11 bankruptcy protection in the U.S. Bankruptcy Court in the Southern District of New York.

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[Mad Scientist]

Impossible! The economy is is full recovery. Now go out there and spend!

 

[zonly1]

It would nice if he would have cited Goldman sachs 54 page report as a prelude.

Rare Peek at Goldman Advice - WSJ.com

oh yeah why were credit default swaps created = to hide mistakes of the ponzi scheme in the purpose to piled on balloon pmts paid for by taxpayers

never mind, we are too busy with our own life, head buried into our facebook, youtube, iphones, clueless to what is happening to be bothered or let someone else to take care of it.

 

[editec]

It would nice if he would have cited Goldman sachs 54 page report as a prelude.

Rare Peek at Goldman Advice - WSJ.com

oh yeah why were credit default swaps created = to hide mistakes of the ponzi scheme in the purpose to piled on balloon pmts paid for by taxpayers

never mind, we are too busy with our own life, head buried into our facebook, youtube, iphones, clueless to what is happening to be bothered or let someone else to take care of it.

What specifically do you propose we do about it?

 

[zonly1]

It would nice if he would have cited Goldman sachs 54 page report as a prelude.

Rare Peek at Goldman Advice - WSJ.com

oh yeah why were credit default swaps created = to hide mistakes of the ponzi scheme in the purpose to piled on balloon pmts paid for by taxpayers

never mind, we are too busy with our own life, head buried into our facebook, youtube, iphones, clueless to what is happening to be bothered or let someone else to take care of it.

What specifically do you propose we do about it?

just put your head in the sand....... sorry to bother you out of inconvenience in your life as if it matters when it happens...thanks captain clueless...maybe just ignore it
why did obumer sign NDAA on Christmas vacation?

 

[eots]

[ame=http://www.youtube.com/watch?v=PIT_-Dy1jrY&feature=g-all-lik&context=G27937c2FAAAAAAAADAA]2.3 QUINTILLION DOLLARS - YouTube[/ame]

 

[editec]

It would nice if he would have cited Goldman sachs 54 page report as a prelude.

Rare Peek at Goldman Advice - WSJ.com

oh yeah why were credit default swaps created = to hide mistakes of the ponzi scheme in the purpose to piled on balloon pmts paid for by taxpayers

never mind, we are too busy with our own life, head buried into our facebook, youtube, iphones, clueless to what is happening to be bothered or let someone else to take care of it.

What specifically do you propose we do about it?

just put your head in the sand....... sorry to bother you out of inconvenience in your life as if it matters when it happens...thanks captain clueless...maybe just ignore it
why did obumer sign NDAA on Christmas vacation?

Nice evasion. But you're the one who posted

we are too busy with our own life, head buried into our facebook, youtube, iphones, clueless to what is happening to be bothered or let someone else to take care of it

So, little man, what SPECIFICALLY are YOU doing about it?