The purchase price for the mortgage lenders, Bear Stearns and AIG is over $300 billion. Now the assumption of the bad loans held by the banks may cost an additional trillion dollars. (Paulson Plan Could Cost $1 Trillion)
If the US Treasury created its own money, this might be bearable. But last I heard the system of money creation has not changed. I'm not an economist but it seems that the Fed is making a killing on our banking woes. The Fed is creating this "money" out of thin air and using it to buy US Treasury Notes and Bonds. The Treasury (i.e. US taxpayer) are on the hook for these securities plus interest.
So while it looks like the Fed is riding to our rescue, in fact it is doing a very brisk business. And the US is falling so far into "debt" that political independence is a thing of the past.
The central bankers appear to be trying to fend off a Depression. Perhaps they want to postpone the financial breakdown for reasons of their own. As a friend said, "I guess they want their shit bomb to explode after the election."
If we see the Treasury as merely a front for the Fed, then the country seems to be increasingly owned by a foreign central banking cartel. They will own all those houses at bargain prices. A form of Communism (i.e. state ownership) is being created in response to a manufactured crisis.
At this time, it is important to be aware that an illuminati defector known as "Svali" said she was taught that the "end of the world" scenario involved an economic collapse. Remember the Illuminati is a Masonic cult founded and funded by the central bankers who own the Fed.
"Want to hear the end of the world scenario the Illuminati taught me? It was cult propaganda, but this is how they believed the New Order would be ushered in:
There will be continued conflict in the Mideast, with a severe threat of nuclear war being the culmination of these hostilities. An economic collapse that will devastate the economy of the US and Europe, much like the great depression.
One reason that our economy continues limping along is the artificial supports that the Federal Reserve had given it, manipulating interest rates, etc. But one day, this won't work (or this leverage will be withdrawn on purpose) and the next great depression will hit.
The government will call in its bonds and loans, and credit card debts will be called in. There will be massive bankruptcies nationwide. Europe will stabilize first, and Germany, France and England (surprise) will have the strongest economies, and will institute through the UN an international currency. Japan will also pull out, although their economy will be weakened.
Peacekeeping forces will be sent out by the UN and local bases to prevent riots. The leaders will reveal themselves, and people will be asked to make a pledge of loyalty during a time of chaos and financial devastation.
Doesn't sound pleasant, does it?
I don't know the exact time frame for all of this, and wouldn't want to even guess. The good news is that if a person is debt-free, owes nothing to the government or credit debt, and can live self sufficiently, they may do better than others. I would invest in gold, not stocks, if I had the income. Gold will once again be the world standard, and dollars will be pretty useless. Remember after the Civil War? Our money will be worth about what confederate money was after the collapse.
All this said, it could just be cult propaganda taught to me and others to frighten us. It may be that none of this will happen. I sincerely hope not. I also strongly believe that God is able to stay the hand of the wicked, and to take care of our nation and others, if we turn to Him."
That noted, let's remember the words of Denis Healey, former British Defense Secretary and Secretary of the Exchequer:
"World events do not occur by accident: They are made to happen, whether it is to do with national issues or commerce; and most of them are staged and managed by those who hold the purse strings."
The Illuminati goal is to torture the human race until we cry out to them for world government, anything to stop the pain.