Monday, July 14, 2014
A New Conspiracy Theory About What Caused the 2007-2009 Banking Crisis and Market Collapse?
A New Conspiracy Theory About What Caused the 2007-2009 Banking Crisis and Market Collapse? New Insights into What Really May Have Happened.... Lex Loeb Contributor Network . One of the best descripitions of what may have gone wrong to cause the banking crisis and subsequent market panic can be found in Warren Buffet's 2008 annual report discussion on the subject. It really only addresses the derivatives issue and not oall of the politics involved behind the scenes or leading up to what happened. Derivatives only became "weapons of mass destruction" for the financial systems when some one decided to use them for that purpose. Guns don't shoot people neather do weapons of mass destruction. Another explanation came out in an interview by George Soros. His alchemy of finance is never what he says it maybe. Soros has the financial means to move the commodities markets in any direction he wants to with loads of capital backing. He at least knows his time limit to attemp to influence markets with the capital he has on hand at any given moment. His real Alchemy is not available for sharing with the public as it's propritary value is maximized by keeping the secrets in house. Other ideas about what went on pop up in financial journls and magazines. One artilce in the Wall Street Journal suggested that over extension of consumer credit was responsible and that the same consumer credit bubble was the cause of the great depression.