Gerald Celente: Financial Reform Is Just a Show
Recently by Gerald Celente: Neo-Survivalism
Trends forecaster Gerald Celente gives his analysis on Wall Street regulation, including problems with the finance reform bill.
Celente argues that the people who deregulated the financial industry are the same people advising President Obama in the White House. The trends forecaster points out the large amounts of money President Obama and Senator Chris Dodd have received from financial institutions.
This is just another episode in the presidential reality show to make people feel like they're doing something, says Celente. The major source of the problem is Federal Reserve policy.
Celente states: The Obama policies are the ones that are creating the too-big-to fails to make them even bigger. He comments on a page of the bill that allows the FDIC to bailout the banks with taxpayer money.
Reprinted from Bull Source.
April 24, 2010
Gerald Celente is founder and director of The Trends Research Institute, author of Trends 2000 and Trend Tracking (Warner Books), and publisher of The Trends Journal. He has been forecasting trends since 1980, and recently called The Collapse of '09.