Clif Droke writes:
One thing experience has taught is that every notable market crash, panic, bear market or financial crisis is the result of careful planning and forethought by the monetary authorities. With trillions of dollars at stake, nothing happens without their tacit or explicit approval and there is simply no such thing as a crisis that happens by “coincidence.” For happenstance to be allowed to run its course in with trillions in derivates out there would be certain death for the financial system. As the economist Dr. Stuart Crane was fond of saying, “Things [in the monetary world] don’t just happen to happen. They happen because they were planned to happen.”
He goes on to say:
And it’s no coincidence that in every case, a financial crisis always yields the following results:
1.) Greater consolidation within the banking and financial industry with the smaller players being merged into the bigger players, or else swept away;
2.) Greater regulator powers for the monetary authorities.
There has never been an exception to this outcome in the history of U.S. financial crises.
Nothing affecting high levels of power is spontaneous. That includes elections, wars, “terrorism”, global warming and so forth.
The Fed knew exactly what they were doing when they created the housing bubble.