reply to post by cpdaman
There was no doubt a MASSIVE deregulation of the banks..
And there has, from cause and effect, been massive CONSOLIDATION ..
Which has happened before.. banks have been consolidated, but eventually the Capitalist system balanced it's self out.
I honestly have to look back to 1989 to where our current problems stem from.
1. We spent the USSR into bankruptcy, and managed to stay affloat ourselves, however, we had Japan and Germany to thank for that.. they purchased
more debt (Gov. sold securities at interest) then all the world combined. This allowed us to use massive borrowed funds that Russia could not get
because their list of wealthy allies was .. short. 1990's come along and we went from helping protect the World from the USSR, to policing the world
from petty criminals.. we still kept our spending high all the way up until Clinton was elected..
Essentially, the Military Industrial Complex kept us afloat..
1990's Clinton saw the second largest economic bubble in America's history expand beyond belief.. the Internet opened a world wide boundaryless
market place to sell goods, advertising space, and reach people once unreachable. Instead of setting up show in NYC at a high price boutique.. you
could sit in your mother basement, make more money, and sell to people all over the World.
Result was HUGE stock market inflation .. huge loans.. huge risky "new market investment" .. and it all failed, because when it came down to it the
little guy with a generic website selling god knows what could not sustain the economy.. could not, in the end, after market inflation of internet
real estate and advertising, produce as much as a corporation. So the DOT COM fails.. which propped us up threw our last great era of prosperity...
We sink into a rather severe recession .. it was played over, it was talked down.. it was not THAT bad after all, right? No, it was utterly
WE NEVER GOT OUT OF IT!..
America's wealth was drying up, after 9/11 our markets crashed once again, but that does not give a tell tale story to the economy.. stocks, in the
end, honestly only determine weather or not your getting paid next week. But to save the market place, they destroyed the Dollar, reducing interest
rates from bank to bank so cheap, you would have been stupid not to loan your money out and cover it at the end of the day with a loan at .5%...
Decreasing Dollar meant more money for Arabs.. who then in turn, turned around sent the money back to us, in the markets.. we saw China and the Middle
East become the major sources of debt purchases. So while we wage a war against a country all the other arab countries despised, they soaked in the
money from our crashing dollar, used the billion to buy our stocks, inflated the market, and soon enough very, very wealthy investors began purchasing
real estate.. tracks of land, loaning out money to development companies they had interest in..
Some areas explode, like NY, California, Washington, Florida.. Home owners see their house they bought at 100k go to 150k .. they sell, and buy two
houses, or move to another area and pay top dollar for a house.. soon every one is getting # ton of money from mortgages everyone is on top of the
world.. some invest their money, further inflation of the markets, but all in all, the crashing dollar takes it's toll and those who bought a house
in 04 find in 08, with currency being 30% worth less then what it WAS in 04, they get burried in debts, and default sending a tidal wave cascading
into the financials.
Without the highly inflated house prices, people raking in the dough doing absolutely nothing except selling at the right time.. we increased consumer
spending, thus production, thus our gdp, low and behold, aside from record poverty, unemployment not seen since the 80's .. we are in this era of
prosperity no one is even feeling ..
So .. was it a cartel that plans all this out? I personally say no .. people can link to NWO, Illuminati, Evil Masons, Reptillians from Niboobooroo I
don't give a damn what youtube crap is out there.. I have seen a cabal of countries, through politicians and bankers alike, adapt a system that,
while flawed, possibly fraudulent, and completely unethical .. which saved the country from possible bankruptcy. If in 2001 we did not start a system
to produce SOMETHING .. no one would have purchased our debts..
I see the Western World, Europe, and North America, combining their economic powers in a massive cross continent economic zone.. I do not think that
it is a bad thing either.. I don't think we will see "one world government" .. to many differences, to much distance.. quite frankly we American's
tolerate a lot.. but we will never tolerate being united with the French..
If we don't like the crooks, the fiends, the greed corporate bastards in their 500k cars they don't even bother to drive themselves... DO SOMETHING
ABOUT IT ..
Or better yet, move to a Communist Country..
So the bankers perhaps both saved us, and killed us.. kind of like a drowning victim clinging to their savior and both drown and die.. but I just
don't see that "goal....
Though, as you know, I deeply respect your opinion on the matter.. what exactly do you think the actual outcome.. the final goal is?