posted on Apr, 24 2008 @ 04:46 AM
Unlikely, I know, but think about it. We are asked to believe that serious, profit-seeking financial institutions have been accepting any risk, no
matter how ridiculous, as long as they could charge enough of an interest rate, with no understanding of the fact that no interest rate can protect
them if it is a virtual certainty that the borrower will default? We are asked to believe that they never considered easily forseeable increases in
cost of living that made it a very bad idea to put an irresponsible amount of their business into risky subprime loans? Essentially we are asked to
believe that they don't know what a "bubble" is?
I realize that can all be debated to no end. But what if there was an alternate explanation? What if such a crisis carried great benefit for people
who had the means, the motive, and the opportunity to cause it?
Here's what I think they did. It begins with identity theft- you know, that rampant crime which often enough has its beginning in government entities
and financial institutions failing to secure computer systems (and on occassion, taking laptops out of the office without authorization and then
leaving them in the car in a bad neighborhood). Inside job.
You take hundreds of thousands, if not millions of these IDs, preferably people of low means who don't bother with their credit report- the kind of
people who would need a subprime loan.
And through a complicit financial institution you give them loans for homes that 1. Don't exist, 2. Aren't being purchased, or 3. Aren't worth
nearly as much as the loan. 3 is preferable because it yields the additional benefit of consolidating land ownership, which is one of the foundational
control mechanisms in the seemingly free system of neo-feudalism, which most of you probably know as Capitalism.
What you have done then is gained access to billions of dollars. At 100k a pop times 10 million homes the take would be a trillion dollars, off the
books. An unheard of black budget to say the least. So far they admit to losing a quarter of that on subprimes alone, and that's not taking
into account that they have no choice but to keep the value of foreclosed property on their books (and are being allowed to do so at inflated values
in order to keep their businesses looking good). One wonders what they aren't admitting to yet.
There's more. Anybody else notice that despite rising operating costs and lack-luster consumer spending, the dow jones kept breaking records for a
Ah, money laundering. You can't just have 10 million fake IDs out there who supposedly have finances, pretend like they don't exist, and take their
You have them spend it- or invest it. So that money goes to complicit businesses, and into the pockets of the ultra-rich elite, and is now laundered
and at their disposal.
So now the elites have this massive budget in their own private hands- as employers they also have their employees by the economic short-and-curlies
thanks to the economic chaos created (the poor can't strike, and they can't quit if you over-regulate them, for instance penalizing them for
smoking- which is a trial balloon- next they'll be penalizing you for having kids, because that's an obligation which trumps your job). Also the
economic chaos in America drags down other economies.
In short, nation-states are weakened, the working man is weakened, and the wealthy have all this money.
But this aint' no get rich quick scheme. They're already rich. They've got plans for that money- plans that small investors and voters wouldn't
help with- the governmental infrastructure of a corporate state without borders: Local presence world-wide, private armies, private prisons, automated
production for a depopulated world, unified global propaganda networks- this stuff takes capital- but who would invest in it? Those things seem
useless if you dont know the plan. Now they have the capital. And we're all in very big trouble.