Do you think the current crisis is a well engineered conspiracy?

[GunsandfoodB]

To me it seems more like a well engineered conspiracy than lunacy.

#1- The government repeals the Glass Stengall act
#2- The government prods Fannie and Freddie into the sub prime arena
#3- The government gets rid of the uptick rule
#4-The government removes capitalization requirements for banks
#5- Houses rocket in price because of all the sub prime buyers, who didn't have to put any money down, had lousy credit, and ridiculously low rates. Anyone with an oz. of brains would realize the eventual outcome of giving people homes that would never be paid for!
#6- Now the banks are stuck with all these bad loans! A shocking revelation!
#7- The government forces mark to market accounting as the housing market implodes!
#8- The shorts have a feeding frenzy courtesy of the SEC (which doesn't enforce naked shorting) losing the uptick rule
#9- Every big bank in America wind up declaring chapter 11 so the balance sheets can be made clean as a whistle
#10- 15 Trillion in market wealth changes hands
#11- The American manufacturing base goes to China and India
#12- The biggest 5 banks emerge quickly from bankruptcy with clean balance sheets and new classes of common stock are issued (the old stockholders burned at the stake, left with nothing)
#13- We shall see who the new owners of the banks will be

These are the wild ideas that are beginning to float in my increasingly suspicious and worried mind. Just a guy who's amazed at how things are shaping up. Please give me some intelligent reasons as to why I am mistaken in my fears.

 

[bretsmith7876]

You are NOT mistaken. Your screen name is very fitting. I've been looking into this nonsense for 2 years. My worries began back in 2003 when we invaded Iraq, and my friends were being sent into a war, for which there was no glaring cause, no attack, and there was an overt push to attack a country that was not attacking anyone beyond it's borders. I began looking into this nonsense when it was becoming blatantly obvious that our Federal Govenment was purposely lying to us, and that Republicans were acting like Socialists. I saw the collapse coming in 2006, and it was becoming obvious that those in large corporations were betting against America, but I didn't see why. I failed to understand that both parties were working together to collapse the economy. In 2006 it became obvious that there were serious crimes taking place in our Federal Government, as you described above, and that it would not be stopped unless the American people knew about it. I didn't know how deep and how far back it went. The expression, "New World Order" was first used by the financiers of the age of exploration. This is NOTHING new, it is infact a few hundred years along. In fact, the crew running the big banks and our Federal Reserve are the same cats Jesus threw out of the temple, only back then they were called the "Money Changers". If you want to find out more, just email me. In the mean time, here's "NWO for dummies". Enjoy.