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Categories - Copywriting - Shopping - Free Online Business Help - Telecommunications Services Articles: Finance - Economic Conspiracy Theory Suddenly, out of nowhere, a $14 trillion economy collapsed and we were once again inundated with the sounds of terror emanating from a corporate owned media. There’s another possibility that we don’t seem to be able to consider while tales of personal tragedy and threats of disaster are bombarding our senses. Perhaps this recession was not a result of bad legislation, bank mismanagement of money, or a lack of regulation at all, but was created in order to transfer wealth and consolidate more government control. We have been told that this disaster was the result of many things, but have we actually seen proof that these things occurred or, if they did, were they big enough to have such a disastrous effect? $14 trillion is a lot of economic power to be so suddenly and completely overrun.
Legislators have told us that Paulson and Bernanke came to them and told them that a $500 billion run on the banks suddenly occurred out of the blue. The banks would have been drained of $4 trillion in a matter of hours if they had not clamped down on the run, they said. These Wall Street representatives brought no proof that this had actually occurred, but our legislators believed them anyway and began to panic once again putting in motion the process that would end up transferring the first trillion dollars worth of taxpayer wealth.
A derivative disaster suddenly appeared leading to media discussions of regulated asset backed securities and the mostly unregulated, private, and secret contracts that greedy bankers had struck leaving them exposed and subject to enough suspicion that no one wanted to loan them any money. Economists and Wall Street experts jumped on the bandwagon and spewed spittle on the nation’s TV screens in their excitement to be able to display their expertise. News of the existence of $500 trillion and even a $quadrillion worth of these secret dealings began to suddenly surface. While derivatives certainly exist and some of them are regulated, secret is the key word and we have no actual proof that derivatives exist in the amounts that they are claiming. These are private contracts protected under the 4th Amendment and we have no right to see them, they say. We only have the right to give them money. They getting money from a bank without exposing your private paperwork. $500 trillion is a lot of paperwork.
In the wake of the burst of the Fed created .com bubble , the Fed lowered the interest rate and, complicit with federal regulation, created the housing bubble. People who never dreamed of owning a home suddenly had their American Dream awakened overriding their ability to reason and were exploited by mortgage brokers, who don’t get paid unless they generate a mortgage, selling them ARMs that the brokers and the lenders who accepted them absolutely knew would fail. Ads circulated saying, “No credit check and no employment or earnings verification”, and homes were sold to victims at prices that exceeded all logic. These bad mortgages were immediately passed off to Fannie and Freddie and the taxpayers were forced to assume responsibility. The unbiased corporate owned media is now turning the public against these people who were exploited by showing angry people correctly saying, “I should not have to pay for other people’s bad decisions”. Wise sounding journalist entertainers say, “How about it, Bob. Should the American taxpayer be forced to pay for the bad decisions of others?” No mention is made of making the people who knowingly exploited American taxpayers pay. If it is brought up, they will only scream, “You want us to pay? We are broke! We were victimized as well! You just had to give us trillions of dollars in order to save yourselves!”
There is no doubt that these bad mortgages failed after the lenders raised the interest rates so high that they couldn’t be paid, but what proof do we have that bankers who are experts in financial matters were so stupid as to create a such a mass of secret derivatives, based on mortgages that they knew were bad, that they would be brought them to their knees? How does the failure of 5% of the mortgages in existence destroy a $14 trillion economy and seize up an international banking industry? "Well, look. I can explain it to you", they will say. "I am an expert."
This may seem too involved and complicated of a scheme to put together, but it does not involve that many components and if you study the Great Depression, you will find that it was caused by manipulation of the money supply and prolonged by massive government spending . Five major banks control the banking industry and the families that run them have been best friends forever for well over a century. When you consider how much of this economic disaster has been created in secret, you should at least wonder.
Ben Bernanke, representing these BFF, is now predicting that the recession will end this year. How could this happen? If it does, instead of being grateful, be very angry because you will then know that you were once again ripped off. Do not congratulate yourself when they say, “Look! The trillions of dollars you gave us worked!”, because you will still be paying and your children will pay and their children will pay and their children will pay and -----
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