A Conspiracy Theory?

Yes! Many people imagine conspiracies! And the funny thing is that there are conspiracies and always have been. I find it interesting that the long-time director of the FBI (J Edgar Hoover) denied the existence of organized crime for decades (and Americans believed him) while at the same time he was hanging out with Frank Costello and getting tips from Costello on the horse races and eating breakfast with him up in the Waldorf Towers. And then there's the good old Federal Reserve that literally fabricates recessions and controls the nation's money supply and interest rates, yet the Fed is accountable to no one and has been doing whatever it feels like doing since about 1913 and keeps everything a secret.

Not so funny is some of the stuff that we only now know about and which occurred decades ago. Can you imagine all the stuff that's going on currently that we don't know about? The current economic situation is a case in point: In that case, a small and select group of lawmakers from both sides of the political isle got together a few years back and essentially gave the green light to financial institutions to devise all sorts of exotic mortgage-backed security schemes that those in the know knew would cause the real estate market to implode and send housing prices plunging. Yet the financial institutions that were in on the "conspiracy" made money on the scheme because they actually hedged their bets against the housing market to the tune of billions of dollars and then got "bailed out" no less by the American taxpayer.

When people such as myself allude to "conspiracies" this is the type of stuff that we're referring to. And there is no doubt that what occurred in the above case was in fact a conspiracy on the part of a select and very elite group of individuals. People may think that if the average American suffers financially and economically, then the financial and banking industries suffer commensurately. But that's not the case for a number of reasons. One reason being that the financial and banking industries have billions invested in overseas funds. Another reason is that the outstanding debt that the banks and finance markets hold on the part of large debtors who are still solvent continues to be paid back at interest rates which are much higher than today's market rates.