Boom Bust!

Warum haben die Banken, angefeuert von der Fed, gezielt und massenweise Sub-Prime-Kredite (und all die anderen damit zusammenhängenen finanziellen Konstrukte) vergeben? Weil sie es nicht besser wussten - oder weil sie es besser wussten?

But, of course, when they accepted those loans of non-existent ‘money’ they had to sign over as security their wealth that did exist - their home, car, business or land - and so when they fail to ‘repay’ their ‘loans’ of credit the banks seize their wealth that does exist in exchange for not paying back ‘money’ that has never existed, except in theory.

Über die Möglichkeit, massiv Vermögen von unten nach oben zu verschieben. Und über die Privatisierung von Gewinnen und die Sozialisierung von Verlusten. 

This is what the current financial mayhem is all about - another massive stepping stone to the control of every man, woman and child on the planet.

Once you know that, the apparently crazy and scandalous decisions made by the banking system to trigger the current crisis take on a new perspective. These include the high-risk sub-prime mortgage frenzy which made vast numbers of loans to people who were highly likely to default - and have.

It was a disaster waiting to happen - but only for those who lost their homes, not for the families controlling the banking system.

The Banking Crisis: It´s a Big Club and You Ain´t In It