Thursday, March 26, 2009

The Collapse of the Global Economy Was A Controlled Demolition

While this may, justifiably, be a sub-set of the conspiracy theory coming in at number-one, the contemporary nature, and real emotional and economic pain being felt by the average person, makes this worthy of a position in the middle of our top-ten. Taking a cue from terminology often used in our number-three conspiracy, the "controlled demolition" refers to the decades-long plan to destroy the collective wealth of the average person. In the first half of the previous century, people's financial savings were almost exclusively tied up in bank savings, pensions, and personal real estate (homes). Since those three simple vehicles for building or sustaining personal prosperity were not easily controlled or manipulated by the "powers that be," new methods were required to shift the finances from those relatively static, uncontrollable sources, to a more fluid and easily manipulated destination, the stock market. As a result, the government created and promoted several methods of "saving for retirement" that were tied to equity markets. Over time, an epic shift of wealth storage occurred that gave rise to huge global "investment banks" and drove equities indexes to unthinkable highs. But savings was only part of the plan. The "powers that be" needed access to the equity in homes. So the shift in wealth storage soon focused on personal real estate. Unconventional mortgages were devised and sold at a dizzying pace to unqualified buyers. In order to fund highly exotic and risky mortgage-backed securities, both conventional and unconventional mortgages were pushed in a frenetic sales effort. The public was encouraged to use the equity in their personal real estate as credit for a massive consumer culture through home equity lines of credit, which were also folded into the exotic securities. With these strategies, the final component of the wealth storage shift was complete -- nearly every mortgage was tied to impossibly complex and highly-leveraged investment products designed to bring about catastrophe. Now that the collective wealth of the average person had been transitioned to easily manipulated equity markets, the stage was set. Those few who devised this decades-long plan reaped the financial rewards as the "bombs" were detonated and the economy collapsed inward, resulting in the hard-earned savings of millions of people very-nearly vanishing in mere months, and the values of their homes crashing so hard it created millions of people with negative equity. The populace was successfully stripped of their wealth. More information about this particular conspiracy theory may be obtained from the following topics here on AboveTopSecret.com:
RED ALERT: FX Dislocation In Process
History of Housing Prices Chart - SHOCKING
U.S. Dollar Biggest Decline In Quarter Century
The End of The United States: The Bush Administration Plan
US Banking Collapse a 'Controlled Demolition'

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