Gerald Celente: ‘This isn’t reform, its depression
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Gerald Celente : we definitely need a bill that prevent the financial crisis this one isn’t it , you know Washington..the White house lies and and the media swears to it , this is not the greatest financial reform since the great depression , the greatst financial reforme since the great depression was in 1999 The Gramm-Leach-Bliley Act (GLBA) under the Clinton Administration that deregulated the financial reform that was put into place , look at the facts , when the house and senate pass versions of this bill the stock market voted the banking stocks went up and so did the DOW this is merely a whitewash for the white shoe boys on Wall Street, it does nothing to prevent the coming crash of 2010 , the bigs only got bigger….
when asked what would he do if he was on the Hill in order to prevent this looming crisis of 2010 , Gerald Celente replies : well number one I get the Wall Street boyz out of the White house they’re running the show …whether it is the head of the commodities futures the trading commission whether it is the former treasury secretary whether it is the assistant to the current treasury secretary , whether it’s the current treasury secretary first you have to get the crooks out of the white house , number two reinstall the legislation that was put in place such as the Glass–Steagall Act during the great depression that prevented the bags ? from consolidating which means becoming brokerage firms investment banks insurance companies all under one roof under the guys that were going to created one stop financial super market it was one shop financial super scam that now has ten big bags controlling 80 percent of the assets , he numbers speak for themselves ….etc… Gerald Celente adds that he sees Ron Paul as the only one who has a firm grasp on how the federal reserve being ahead of the consumer protection unit of this great financial reform ….etc…
Earlier today US President Barack Obama signed a bill that is the most comprehensive financial law to be enacted since the Great Depression. The law, which got final approval from the Senate last week, targets the kind of Wall Street risk-taking that helped trigger a global financial meltdown in 2007-2009. Gerald Celente says that this is only going to harm and will not do enough to change Wall Street.
