There are some really informative posts on this forum from really intelligent people on the current situation with the economy, bailouts, RE boom/bust, etc. But what I have trouble understanding is, what are some views on the untold story behind all this?
What untold story you ask?
There was post on this not too long ago, about booms/busts being manipulated by the Feds, international bankers, etc. It’s all explained extremely well in this documentary:
Money Masters: http://video.google.com/videoplay?docid=-515319560256183936&ei=j0jiSNHeEJKYrQLU4pmhCw&q=money+masters
The scary part is, it’s all very true and very relative to the happenings of today. Especially the cause and effect of the real estate boom and bust during the past few years. It can be summed up as “History repeats itself”, but does it really? These economic cycles seem to be calculated and rigged more than “natural” cycles.
FDJAKE has excellent posts. He saw this coming over a year ago, because apparently, he’s lived through it before. So uhm, does history repeat itself, or are the same switches being pulled to rob the wealth of this nation and put it in the hands of the elite minority behind the closed doors?
I bring this up because after reading all these intelligent posts, I ask myself - Why doesn’t anyone mention the bigger picture in all this? Do you all believe there is an actual bigger goal being achieved, i.e., one world government? Is this country turning to socialism or fascism? This borderlines conspiracy explanations (Note: I said explanations, not ‘theories’) and those explanations do a damn good job of explaining our current state in this economy and on this planet. Instead of the “whoops! we’re in a crisis and don’t know what to do, so let’s give our power to the government as usual and allow them to make decisions for us, which ALWAYS takes away our rights and causes us to pay for the solution. But hey, it’s for our own good!” that’s being sold through the media.
Why is the federal reserve not part of the government? Why do they have more influence over congress instead of vice versa? Why are they not regulated? Why does the media refer to them as “our government”? Where does our income tax money go? Does it really matter if Obama or McCain win? What about revolutionary thinking like Ron Paul who asserts that income tax is unconstitutional and we should shut down the IRS, the illegal federal reserve. He gets no love from the media… hmm, why?
This economy is technically under a financial-martial-law. From my limited experience in real estate, I will never believe that this wasn’t all forecasted in the higher levels. I’ll never believe that these ARM mortgages were a big surprise to some of the most intelligent financial people on earth. Yes, it was fueled by greed but only at the lower levels. The guy making $6/hr that I helped avoid foreclosure should have never been approved for a 100% financed $385k mortgage. NEVER. But if you follow the documentary I posted, it clearly explains how every boom is created by easing lending guidelines and flooding the economy with money (well, electronic money backed by nothing). And every bust is caused by tightening lending restrictions and calling in loans. So yea, “history repeats itself”.
But anyway, this is a loaded topic and I’d really like to get some views on the truth behind what’s going on. The truth behind this imaginary world that we live in where most, if not everything, is controlled and manipulated and the SHEEPLE are totally asleep to all this.