Hello Red and Stone.I was just explaining to a friend of mine tonight about the reasons given for the credit crunch,I told my friend that the credit cruch was caused by the same people that orchestrated the financial crisis in the early 30's that allowed Hitler to rise,the question is what is planned for us?.I said to my friend that you had to hand it to the wickedly wise how they have manufactured this financial crisis which will not be solved before 21/12/2012.
We will have a run on banks because the stage has been set by the bankers themselves.Is it me or can someone smell something fishy people keep telling me that this was the worst financial crisis since the 30's and nobody in the federal reserve saw it coming,hell they were still raising interest rates when all the warning lights and sirens were going off in the American economy warning about the coming catastrophe.To me the Federal Reserve saw the financial iceberg,and drove the American economy right into it.
In 2006 when the American stock market was just about to boil over and go into meltdown mode I was trained up to offer loans and overdrafts to customers,this meant as soon as a customer came through to our department I could press a button and I would know if this business customer was eligable for further borrowings.The joke was as soon as we were trained up the ability to offer loans and overdrafts was taken from us,I thought this was strange consindering how much it cost the bank in time and money.Whatever the reason was the bank that I work for knew something was up before the public.
Speaking of Henry Ford he also said this:
It is perfectly silly to begin to damn us before it has been shown that our statements are baseless or reckless. The first item to be considered is the truth of what we have set forth. And that is precisely the item which our critics choose to evade. Readers of our articles will see at once that we are not actuated by any kind of prejudice, except it may be a prejudice in favour of the principles which have made our civilization.
Well said that man.