Central Banking Was Responsible for 2008 Meltdown – Nothing Else!

• What happened during the 2008 meltdown is but a precursor of an even bigger collapse on the horizon. These are not accidental events but planned, engineered, executed … by the western Illuminati. Because these Illuminists control the western MSM you do not hear my point of view. If you want the truth, go to the alternative media.
  –
  Central Banking Was Responsible for 2008 Meltdown – Nothing Else! 
  by http://www.thedailybell.com/ 
  The meltdown explanation that melts away … Although our understanding of what instigated the 2008 global financial crisis remains at best incomplete, there are a few widely agreed upon contributing factors. One of them is a 2004 rule change by the U.S. Securities and Exchange Commission that allowed investment banks to load up on leverage. This disastrous decision has been cited by a host of prominent economists, including Princeton professor and former Federal Reserve Vice- Chairman Alan Blinder and Nobel laureate Joseph Stiglitz. It has even been immortalized in Hollywood, figuring into the dark financial narrative that propelled the Academy Award-winning film Inside Job. Bethany McLean is a contributing editor at Vanity Fair, and co-author with Joe Nocera of “All the Devils are Here: The Hidden History of the Financial Crisis.” Her first book, “The Smartest Guys in the Room,” co-written with Peter Elkind, became an Academy Award-nominated documentary. – Reuters 
  –
  Dominant Social Theme: The meltdown was a catastrophe. It was caused by regulations … taxes … leverage … big business … big government … mortgage products … derivatives … greed … Satan … but one thing is for certain, it wasn’t caused by fiat-monopoly central banking. We know that for sure. Central banking had nothing to do with it ….
  Free-Market Analysis: Following the 2008 global economic crash on an almost day-to-day basis, as we have, we’ve regularly made the argument that it was caused by central banking monetary inflation and that its result is bound to be the eventual demise of the dollar reserve system.
  –
  We believe we’re being proven correct on both points. We’ve also pointed out that the crash itself was predictable and that the top elites that put this global central banking system in place know full well that cyclically it creates crashes, recessions and now depressions.
  –
  But, of course, there is plenty of pushback. Seems everybody has an opinion about what caused the 2008 crash. And most of these opinions, played out in the mainstream media, are focused eagerly on causes that have nothing to do with central banking.
  –
  In other words, these theories are PROTECTIVE of central banking and the damage that monetary stimulation can do. Inevitably, when we read these theories we tend to notice that those advancing them are apologists for the system as it is. The system of monopoly fiat. The system that crashes regularly and ruins peoples lives as part of its foundering.
  –
  This article, a long one (excerpt above), posted at Reuters goes into incredible detail about an obscure rule change that the SEC allowed in 2004. This supposedly allowed big banks to increase leverage that led to the crash. The article sets out to disprove it.
  –
  This article is a clever kind of dominant social theme, in our view. Why? Because in debunking a silly argument about why the 2008 crash occurred, it provides readers with the impression that Reuters is a really sophisticated and hard-hitting newswire.
  –
  The idea is that Reuters – which is actually a mainstream media mouthpiece for the power elite – would provide us with an article arguing that the removal of regulation was NOT the cause of the meltdown illustrates that top Reuters writers are truth seekers.
  –
  The power elite that is trying to set up world government is having a bad go of it. The Internet – what we call the Internet Reformation – is slicing away at its fear-based promotions. Many lucid thinkers that use the Internet for reading and writing don’t believe mainstream media articles anymore.
  –
  The mainstream media is badly in need of a credibility “pick-me-up.” Thus, we argue, articles like this begin to appear. They are very well written, economically literate and academically argumentative. They are meant to impress you and leave you thinking that Reuters itself is a credible and clever place.
  –
  Those who publish these kinds of articles are using them as a kind of glorified PR. They are good articles and those at the top of Reuters are hoping their goodness adds a larger luster to mainstream media brands tarnished by the Internet Reformation.
  –
  But because it is Reuters doing the writing and editing, these articles – no matter how good they are – inevitably leave stuff out. For instance, we would have less trouble believing that if the article mentioned central banking as the cause. But the article, in thousands of words, never gets to central banking. Coincidence?
  –
  The article does do us the favor of debunking a certain argument about leverage. But it doesn’t take the next step and explain what really DID happen. Too bad. The article, as we mentioned, does do us the favor of debunking one widely accepted reason for the meltdown, having to do with regulatory induced leverage.
  –
  We never believed it to begin with, of course. One reason we knew right off the bat that it wasn’t true was because the financial media maven Simon Johnson was a proponent of this theory.
  –
  Anything that Mr. Johnson proposes, in our humble opinion, is likely to be incorrect or at least implausible. He is always trying to hide the culpability of central banking. He is an incredibly brilliant person and great writer, but in our view, he is an apologist for power. You can see some of our articles about his theories here:
  –
  … for more click here!

end