I’ve often noted to myself and close friends that this financial crises will be over when the Government takes this opportunity to enact a new system of sorts with more controls, regulations, and ways to generate revenues. Now, whether we’re talking about a new branch of Government, new currency, or some other system that I can’t even fathom is up for debate, but have no doubt that something is coming.
That “something” could be giving the Fed new regulatory powers over the financial industry as to avert another potential crises. They’ve already gone on record by saying that they “don’t want this crises to go to waste”.
Now, I’m not genius, but I feel like I have a lot of common sense and I can’t figure out how giving more powers to what I and many others believe was one of the major causes of this financial crisis is going to be a good thing. The Federal Reserve isn’t even part of the Government so why should they be given more authority over corporations. They can’t even grasp the concept of when to lower or raise interest rates so I’m pretty sure they won’t be any better at avoiding the next crisis that’s bound to come sooner or later.
Gerald Celente has forecasted some pretty dark clouds over the horizon, but I for one would rather listen to somebody who tells it like it is rather as opposed to those (mainstream media) who dream up such concepts as “green shoots” and expect us to believe that everything is going to be all right. Just don’t look at the 500 lb gorilla of unemployment squashing everybody in the room.