Another good example of economic manipulation is the Federal Reserve's strategy, during the "90s, under Alan Greenspan, of artificially lowering interest rates, thus allowing banks to issue credit at historical low levels for over a decade. Linked here is an article from Ron Paul's "Texas Straight Talk' dated March, 2007 (before the housing market even began its full swan-dive). In it, Paul discusses the Federal Reserve's direct role in the creation of the housing bubble.
Men like Ron Paul, Peter Schiff, Gerald Celente, Jim Rogers, and many others were able to predict, long beforehand, that the Federal Reserve's actions were creating an explosive mortgage and credit bubble, yet we are supposed to believe that the Federal Reserve had "no idea" that their actions would result in a debt implosion? This is not plausible.
Catherine Austin Fitts, former Assistant Secretary of Housing and Commissioner of the U.S. Department of Housing and Urban Development under the first Bush Administration stated that the mortgage bubble was absolutely not an accident, and that she had witnessed outright and deliberate fraud on the part of the U.S. government and the Federal Reserve Bank in creating the bubble. The fact that disturbed her most, however, was her discovery that only a small handful of international banks were responsible for the perpetuation of toxic mortgage debt, not just in America, but around the world:
Goldman Sachs (one of the primary globalist banks involved in the igniting of the debt crisis) was caught red-handed selling toxic derivatives to investors and governments all over the planet while at the same time betting against those derivatives on the market. Goldman even bet against mortgage securities the bank itself created!
This is like a car manufacturer selling vehicles with brake lines known to be faulty, and then placing bets in some casino that a significant percentage of their customers will crash and burn. Essentially it is blatant and sociopathic fraud! Goldman's actions directly contributed to credit collapses in numerous countries, including Greece, and here in the U.S.
The idea that global banks can turn the economy on and off like a light switch may be a stretch, but the vast majority of evidence shows that they do have the ability to shift the direction of markets to a point, as well as the ability to spur the growth of bubbles that eventually lead to recessions, depressions, and beyond. In fact, if one examines the U.S. economy from the inception of the Federal Reserve in 1913, one finds that the past century has been nothing but a series of engineered equity bubbles designed to slowly hobble, but not completely cripple, our financial system and our currency. But why?
Now that we have established that market collapses can be created by a small handful of bankers and that it is done knowingly and strategically, lets move on to the next most common sheeple-like talking point.
Narrow minded response #2: Yes, international banks triggered the meltdown, but the "greed of Capitalism" is truly to blame, or, as a variant, "it's all the Republican Party's fault.""
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