Originally posted by SimpleAnswers
........ engineered disaster.
[edit on 9-10-2008 by SimpleAnswers]
This is exactly it, in the grand scheme of events, the current global economic meltdown was engineered according to a roadmap by the super elite.
The run up in oil was engineered to wipe out billions of dollars in mutal funds as the sheeple fund managers moved assets around chasing the
"dollar" in the name of greed.
They ran up oil and created a panic regarding Demand demand demand not enough supply and the price kept going up as more and more money was dumped
into buying oil contracts.
On the street the gas prices affected transportation which in turn cut profits and increased material costs to market raising food prices and for a
time causing a shift in pricing at the wholesale level. Which cut the sales volumes of many many companies.
This caused layoffs and less income to business, which started to default on credit lines and in turn employees defaulting on car loans and home
loans.
"banks" played the sad card claiming "losses" and contributed to the panic by choking off lending and access to cash.
Money shifted from oil to stocks and back and forth each time under cost selling wiped out huge amounts of "cash". Only to have the prices rally
back up a few days later creating the cycle over and over again.
Predatory "bankers" with the aid of the FED STOLE BILLIONS when they took WAMU, stealing BILLIONS OF STOCKHOLDER money. Money already paid to WAMU
and used to "assets" more then 300 Billion in assets for $1.2 Billion ?????
Yes there are some elite power hungry money greedy people that over the last 6 months have made BILLIONS of dollars, at the expense of retires and
stockholders. Mutal funds have seen large amounts of "cash" vanish in the bank failures.
Imagine if you were Company X and part of your portfolio for your Company pensions were invested in Wamu lets say $80 Million in share value and then
in one day its all gone, worthless. How many retired people and close to retired people did just your Company alone effect ?
Imagine if you were worth $100 million and $95 million was in failing stocks, now worthless ?
Imagine if you were 65 years old with $500k in your pension fund only to find out the fund manager was in high risk markets holding WAMU or AIG or
bought into high priced oil commodities only to lose 45% of its value... Your retirement looks a little bleak now.
Stocks always seemed to me a wonderful illusion designed to steal peoples money, akin to snake oil and con men. The magician's creating "value"
where there is none.
Why does a company like Google have so much in stock value? Compared to a Company that may have $400 million or more in hard assets, owning factories
and machinery, land etc that creates products that everyday consumers buy sell and consume ???
The bleeding will not stop until they have stolen the last dollar and squeezed the last penny possible and then they will allow the one world currency
to happen and they will happily exchange their "dollars" back into the system and they will have purchased everything tangible there is to own,
every house, every business every "asset" and they will join together, not as a functioning Company with A product but as a massive wealth holding
entity with the ability and funds to purchase anything at will and everything of any kind of value. They will hold for example 500 Billion in
"credits" while an average working may earn 500 "credits" a month and own no rights to anything that could appreciate in value.. Almost impossible
then to unseat those holding all the wealth.
This is our fate.