Post Foreclosure Crisis Corporates Will Take Over

September 10th, 2008 | Tags: Foreclosure Crisis

It is inevitable that post foreclosure crisis the corporates will take over. Right now the lives of millions are mere pawns in the hands of the foreclosure catastrophe. It is time to assess the situation.

To understand the foreclosure drama one needs to look back. The money supply as well as the nation is being controlled by the central bank playing games with the reserve currency of the world. From this it is fairly easy to infer that the country has been sold off to the highest foreign corporate bidder – albeit in secret.

During the 1990’s none could dream that one day foreclosures would take over the reins in America. At that time the Internet and information technology buoyed the economy supported by strong policies supporting the dollar. In the middle of the nineties the financial companies of USA enjoyed great clout over the investment that flowed between various nations. All it needed was a little plotting by to shift capital from the Southeast Asian countries and cause their currencies to collapse.

Following this the International Monetary Fund and World Bank offered these nations, traumatized by the economic debacle, some convenient remedial measures like loans. In return they had to privatize many of their public services, shut down state operated plants and sell the assets. These now began to rope in heavy profits in the backs of the hapless people working on them. It was a cakewalk with the dollar riding high and local currencies at an all time low.

The underdogs, hungry for capital offered absurdly cheap labour for most the American manufacturing units that began to be set up here. The story of outsourcing began in this manner. Trillions of dollars began to leave USA. At this juncture the housing bubble was created with the ostensible purpose of offering people affordable houses. The bubble, right from the start, was created in such a way that it would be made to crash.

The foreclosure crisis came about by the banks financing overseas activities and removing jobs from the economy. Thus workers were pushed into foreclosure. These same banks gave loans to manufacturers to ship jobs abroad. A second move to guarantee the arrival of foreclosures was the manipulation of interest by the Federal Reserve. With the dollar at an all time low now is the ideal time for these corporate bodies to buy assets for cheap. With Fannie and Freddie collapsing total private take over is on the cards.