Thursday, May 26, 2016

Regulators Are Regulating 
What They Do Not Understand
"This is a shame politicians will never admit a mistake. They just go pedal to the metal and assume more of the same will reverse the trend .. We do see capital inflows to the USA right now and this is probably because of the upcoming BREXIT vote on June 23rd. It is hard to see how the metals can rally against a rising dollar .. The entire problem in the United States - We have too many agencies competing for authority regulating everything they do not understand. The CDO bombs sold by the banks were approved by SEVEN agencies. Big deal. Not a single one figured out this was a bad idea. They are paid not to do a job. The credit rating agencies showed in the financial crisis they too are the disposal of the highest bidder."
- Martin Armstrong
link here to the reference

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