Conspiracy vs Pure Austrian view of Financial CrisisSubmitted by BmoreBrawler on Wed, 11/12/2008 - 16:40
I have been having trouble reconciling two competing but seemingly valid viewpoints. I am sure there is a happy synthesis, but it is hard to discover alone.
The fed lowered interest rates, government manipulation drove new money into housing and the rest is history. I believe this caused the crisis.
We more or less know that banks and the establishment have wanted a true global fiat currency and more importantly a global central bank. All of this is happening and would ONLY be happening at this speed given some sort of crisis. Given the textbook globalist nature of these interventions, its hard to deny any manipulative hand regarding the crisis. "They" have too much to gain by this crisis to not have a hand in it, and recent allegations as to JP Morgan's purposeful collapsing of some institutions gives credence to this.
Here is my line of reasoning.
We know that the 1% interest rates caused the cycle.
We also know that the powers that be need a collapse to carry out their vision.
However, I have no reason to believe that the powers that be believe that lowering interest rates to 1% causes business cycles. I know that about 99% of economists would likely not even admit to the possibility of lower interest rates accomplishing this problem prior to the current crisis. Even now, they ignore and downplay its significance. This leads me to believe that the powers that be wouldnt think to use interest rates to carry out their goals(at least not lowering them, maybe raising them). However, the perfection of this crash makes you wonder. Also, Alan Greenspan likely DID give at least some credence to the Austrian Business Cycle theory, and he was the establishment hack overseeing the interest rate drop. Also, Keynes was a total NWO establishment crony and he is largely responsible for the death of Austrian Cycle Theory in mainstream economics. Could it really be possible that the NWO could create a theory that fooled "all of the people all of the time"? I think fabricating popular economic theories is just about impossible to do. If it WAS done, then maybe the powers that be are all Austrians?!??!