pt 1/2 Gerald Celente on Financial News Hour November 26, 2009

http://geraldcelentechannel.blogspot.com for more videos of Gerald Celente

Category:

News & Politics

Tags:

• Gerald
• Celente
• Ron
• Paul
• barack
• obama
• Glenn
• Beck
• Peter
• Schiff
• Marc
• Faber
• Jim
• Rogers
• Max
• Keiser
• Lou
• Dobbs
• economy
• collapse
• meltdown
• dollar
• gold
• silver
• currency
• Worst
• Case
• Scenario
• 2020
• mayors
• stimulus
• wisely
• Illuminati
• new
• world
• order
• skull
• and
• bones
• bohemian
• grove
• bush
• cheney
• Freemason

[Elizruth]

I salute these guys for doing the work on Thanksgiving! Real lovers of liberty here!

[Blackjack555]

The more the corrupt the State, the more it legislates. - Tacitus

[carrierpigeon]

@llothar68 This implies that regulation is the answer. Regulation is exactly what caused the banks to go against hundreds of years of due diligence to lend to people who couldn't afford the properties and who were not financially stable enough to obtain a mortgage. Regulation caused markets to have false confidence in the viability of values. Have you heard of Fannie Mae and Freddie Mac?

[carrierpigeon]

@llothar68 Those are regulatory organizations ensuring that if certain regulations were followed that the lender could depend on being paid back regardless of what happened with the lender. Regulation is as evil as DERegulation without any further definition. That's like saying discrimination is wrong. If you don't discriminate, I hope eating cockroaches is enjoyable because you'll be eating some very interesting things.

[medliberty]

This guy really makes a lot of sense. The last time I voted for a traditional Dem or Repub. was in 1964 when I voted for LBJ and we all know how that one turned out. It is not a crime to vote for a third party right now and there are some viable third party candidates who have not sold out to the big corporations.

[usrevolution2]

IS IT TIME?! Go to USRevolution2 (dot com) and get your flag of the Second American Revolution. Theyre made in America and look exactly like the flag of Betsy Ross with a Roman numeral II in the center of the 13 stars. This flag is now in all 50 states and spreading from porch to porch. They make great gifts for family, friends and recovering Liberals.

[britishjohn04]

I agree with much of what you say about resources, I really do. I don't believe that free market capitalism is to blame for bubbles in the economy, I think it has more to do with the federal reserve, fiat money supply, fractional reserve banking and other such mechanism of manipulation that are employed by the government and banking elites. What do you propose we do? Either we embrace free market capitalism, keep what we have now, embrace communism or try something new; the resource system.

[llothar68]

One more important point

In the end we have to face that the problem is much much larger. A total oversaturation of all materials and the perishing of labour thanks to all the machines we invented. We already see this. The saturation is obvious when you look at cash for clunkers insaneness or people buying useless shit at china mart

Wasting natural resources for this shit? No definitely not - we are running out of oil, metals, water, land and foot. We need something else much more then economy

[llothar68]

cont...

With the crash of course the simple people would suffer most. All pension fonds gone all savings lost. Innocent people were caught by it. Mrs Madoff still has its million dollar appartment and the banksters got there bonus for real and weren't so stupid to invest it in there own fraud.

So bubbles are bad. And free market always lead to bubbles. And the consequences of bursted bubbles are very ugly. So what to do?

Promote a system that would result in more bubbles?

[llothar68]

First of all we had free markets before last year. The regulations and bailouts (think about it as "positive" regulations) came afterwards. So how would the american people look without the bailouts for the too big to fail or the biggest "too big to fail" ever - the US dollar which is looting the world and it's paper value is hurting other countries even more then yours?

[britishjohn04]

How can you say we have a genuine free market, when special favours and bailouts are doled out to the companies you mentioned and others like Goldman Sachs and JP Morgan Chase, while the rest of America is left to fall? I am optimistic that if we returned to a genuine free market with sound money and nationalised banking, we would make the collective decision not to come back to corporate fascism, but instead strive for a resource based economy, advanced by technological progress.

[britishjohn04]

Yes but you are looking at only one side of the same coin. The system is a combination of lax regulation, (as you pointed out), and extreme regulation and taxation of other sectors, that stifles competition and strengthens corporations. The system is set up so it punishes small businesses and entrepreneurs while at the same time allowing the 'too big to fail' corporations to survive and flourish because they can afford to comply with the rules that do exist.