Sunday, April 18, 2010

Gerald Celente: The Economic Cover-Up is Coming Off Apr 16, 2010

Gerald Celente talks with RT about rising numbers in unemployment and home foreclosures and gives his take on financial reform.

“Nothing is getting much better, other than the money that went to the top of the system, the bailouts for the too-big-to-fails. They’re making it appear as though there’s a recovery.”

Celente says foreclosures are only going to get worse and sees much worse times ahead as the stimulus runs out. On financial reform, he believes politicians must re-institute aggressive legislation, like the Glass Steagle Act, to fix the problem and get meaningful reform, but doesn’t believe they will do that.

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