I know back in March there was a sub-prime mortgage collapse, where 40 or so high risk lenders went bankrupt, and since then more have gone under, and so have some alt-a lenders. Since then, things have seemed to have a dominoe effect. April was the highest month for foreclosures in like 16-17 years I think. There's a lot of people losing their homes.
I believe the collapse is being engineered, but we must first go back and look at the crash in '29 and GD1. In 1913 the The 16th Amendment and Federal Reserve Act was created, thanks Woodrow Wilson :/ Right then we lost the Revolutionary War. It wasn't just to get freedom from King George III and the taxes, It was also to get freedom from the Rothschilds Bank of England.
Next came WW1. This spurred economic growth as we had to build weapons, ships, tanks, trucks, etc. Jobs were created, and at the end of the day, their wasn't as much competition for the post WW1 jobs because so many people died.
The economy was booming, people were borrowing from the banks left and right to start new businesses and build homes. The Fed kept the money supply wide open to continue this economic growth until inflation occurred (more dollars in the money supply = each dollar is worth less = inflation). Then they restricted the money supply to stave off inflation, and thus began the bust cycle of the boom/bust cycle. The economy tanked, the dollar was slipping and in '29 the stock market crashed, and people had to go into foreclosure on their homes which means the banks take them.
So, who benefitted from the crash? The Banks. They engineered the crash by creating this boom/bust cycle that would transfer wealth from the low and middle classes to them. That wealth was Proporty, the only thing left of real value.
Enter Roosevelt era. Socialist policies were implemented to create jobs and infrastructure. It eventually succeeded in getting America back to work, but as 1 person pointed out, some of those polices never ended. WW2 begins in Europe, and regardless of his platform to get elected (no fighting wars in Europe), we start building up the war machine, which creates jobs, again. Again we fight a world war, people come home, and there are less people to compete for the post war jobs because of the hundreds of thousands that died.
Economic boom continues. We have more of the war/boom/bust cycle type of thing in the 60's-70's and then we went off the gold standard. We then make some agreement with OPEC that we will provide security for their oil interests in exchange for them only excepting "U.S. Dollars" for oil - Dollar Hegemony begins.
In 90 we were called to hold up our end of the bargain, and kick Saddam out of Kuwait. They did not want us to destabilize Iraq by taking him out though. We couldn't do regime change 91, they would not let us... War/Boom/Bust - .com crash, etc., so on, and so forth.
Today, more War/Boom/Bust. I say this coming crash is engineered cause we cam look back in our history and see examples of this cycle, some large, some small. Today's methodology is different than GD1, but the effect will be the same or worse. Instead of the Fed restricting the money supply, they have done away with reporting M3, which is the measure of our money supply, because they do not want us to know how much they are flooding out there. This makes the value of each dollar worth less and less, which is the root cause of inflation.
95% of our money is created out of thin air by banks whenever someone signs on the dotted line on a mortgage. 5% is by the Fed, who is the shield for the banks counterfeiting racket. As mortgage lenders go belly up, who benefits? The banks do cause they gobble 'em up. Who gets all of the property then? The banks. This time they are engineering the crash by not restricting the money supply, and our borrowing 3 billion per day from China to fund our empire isn't helping.
