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Is the current economic crisis a SCAM?
A few years since I felt there was something fishy about this ubiquitous crisis thing. I kept racking my brains and bingo I came up with a sudden idea. How can there be a crisis without a proper calamity? My simple mind does not embrace the idea of there being a crisis without a preceding calamity. As far as I am concerned there must be an earthquake, a drought, a tsunami, pestilence or something similar before a crisis happens. A crisis for me is a situation in which because of some force majeure, members of a given community are called upon to redouble their efforts in order to quickly restore the quality of life they got used to before that force majeure wreacked havoc. And I would myself volunteer to put my shoulder to the wheel.
Therefore that THING which we are being made believe is a crisis, to my narrow mind is NOT really a crisis. What it is in fact is a ... NICE TRY. Under the pretence of a crisis the ruling classes (if this word sounds obsolete to you, do take a minute to reflect ) are busy emptying the pockets of the masses. Every time I hear someone say, "well it is a crisis, we must be prepared to work longer and harder for less in return", my blood boils. The brain washing machine works just fine!
And why did the ruling classes come up with this "crisis" of theirs? Simply because the population at large caught up with and became wise to their hitherto machinations, real estate bubbles, every government owing money to every other government, bailing out the banks (in order for those banks' CEOs to receive larger bonuses) etc etc. Once their game is up, what do the ruling classes do? Weep and ask forgiveness? No, they come up with a new idea which the masses hook on like fish. Yes, the ruling classes are ruling because they are always able to keep one step ahead of the pack, aren't they?
I wonder what you think.
Ken brown 30+
Robert Haacke
DjcandYamanda Hilton Hilton
read my blog site all my stories musical art literary produced in the form "The Great Composers, Evolve Revolution, Evolved like Pokemon" more creation from my heart
Daryl Roche
http://en.wikipedia.org/wiki/The_Shock_Doctrine
Petar Ivanov
The common denominator underlying the scandals involving stocks, Mortgage Backed Securities (MBS), Credit Default Swaps (CDS’s), commodities, and Exchanged Traded Funds (ETF’s) is that criminals figured out how to "game" the clearing and settlement system, and cracked the system doing so. Then the criminals bailed themselves out with taxpayer money.
http://www.deepcapture.com/deep-capture-the-elevator-pitch/
Criminals that attacked Lehman Brothers:
http://www.deepcapture.com/notes-on-david-einhorn-the-predator-in-a-cute-t-shirt/
george lockwood 30+
Random Chance 30+
"yes, it is highly likely and very possible."
I think it would be erroneous to simply dismiss the idea of a scam out of hand.
The people involved, meaning those who more than likely had something to do with it, are not stupid.
They know exactly what they are doing. Their ultimate goal we may not really know, as there is no definitive information being given to the public other than things like: they threatened that it would get worse if they weren't bailed out using your money, so you caved in and bailed them and that was certainly more than enough to get their large bonuses. Bonuses I might add, for a job well done. The first part of the job? Ruining the economy, statewide and worldwide and profiting from it. Degrading even more the value of your money while lowering the standard of life and keeping the populace still following the carrot hung out to dry before them while continuing to tell them, "Americans still; enjoy the best living in all the world." All while it is sinking out of sight.
You know what is really funny? Questions like this: "Why was JPMorgan given bailout money when it was stable? The reasons i've found don't make sense?"
The fact that question is asked might point to someone (the public), believing it if someone could give an answer that sounded reasonable. It is all a lie.
Mr. Winner left something out when he said, "Time to put the brakes on .... they work for us ... they answer to us .. follow the rules."
He left out, "go to jail."
The U.S. and most likely any other country, can never have a just system or a healthy, honest economy with the people who are in power, in every area of our financial system, remaining in power. What is happening is part and parcel of their planning, the implementing of their policies and their goals.
It just makes too much sense to get rid of the causes, so it isn't done!! Go figure.
5 years after the Fed, what happened?
Gail . 50+
There is a crisis, but it is impending. It cannot be fixed or avoided using the same methods that we used to create the problem in the first place (though it can be postponed for a little while longer if enough people can be duped in ways you describe).
You might be interested in this RSAnimate video:
http://www.youtube.com/watch?v=qOP2V_np2c0&list=FL23ULzV7ik5lQQo51yOnJ0g
Jarek Steliga
Xavier Belvemont 30+
Sure enough, approximately 6 months later the Federal Reserve held interest rates at 4% and the market collapsed immediately after.
Where as I do believe coincidences can happen, it sounds alot more likely that this was pre-planned, in full or in part.
Barry Palmer 50+
Yes.
IMO, anyone who thinks that the CEOs of major banks did not understand that the real estate bubble had to burst is naive. The people of the USA are the victims of the biggest scam in history.
Julia Gardiner
Krisztián Pintér 200+
Fritzie Reisner 100+
pat gilbert 100+
Ken brown 30+
Are the Russians right? A currency war is on the horizon?
Why was JPMorgan given bailout money when it was stable? The reasons i've found don't make sense?
pat gilbert 100+
Don't know about the Russian contention, learn me?
I don't know about JP Morgan but it appears that the banks were forced to take the money whether they wanted it or not. Meanwhile the smaller banks ( the core of the free economy) are disappearing in record numbers, a canary in the coal mine.
Ken brown 30+
It was a news clip out of Europe.
Robert Winner 50+
We are off of the gold and silver standards so the value of the national currency is only relative to its buying power in the macro-economy.
We forgive debit to foreign powers all the time. WWII debits from Russia and others just wiped clean with a magic wand. We want to save a political ally we write a check on thin air ... virtually no backing. The Fed continues to do this which almost promises inflation and depression.
We are dazzled by tripple entry bookkeepping. Put a housewife in charge for a month who must budget the house money in order to eat and keep a roof over their heads and makes these tough decisions everyday and things would change. She would simply say we ain't got it ... so we can't spend it ... therefore stop the crap. You want 32 new czars it comes out of your budget not the national checkbook.
Yep I think we are being taken on a ride big time. The fox is in charge of the hen house and now makes their own rules .... not good news for us chickens. They set their own salary and exempt themselves from laws that govern the nation. they are the political elite ... like in any socialist or communist country.
The debit ceiling is a number that tells us they have no respect for the budget and their demands are more important that the healthy of the economy or the welfare of the people. Pure power and ego.
Time to put the brakes on .... they work for us ... they answer to us .. follow the rules.
Bob
Ken brown 30+
Ken brown 30+
"One hundred million for one inner city apartment in london"
http://www.thersa.org/events/video/vision-videos/antifragile