The point that I was being Droll about was that, Yes, Mexice has a permanent, wealthy privileged political class ruling over a docile, malleable, uncomplaining, populace. But that in the 1870′s the underclass under Villa, and other leaders. spent the next 30 years charging about nothern Mexico on trains. And the end the little guys won, except that then the little guys became the fat cats. and a new group of little guys got on the train. This always happens. In Russia the serfs threw out the upper class and within 5 years there was another privileged ruling class. Same for china, There will always be a ruling class that is how humanity works. during the American Civil War the Black union troops had a saying for when they met a white person they knew before the war. They would say ” Bottom Rail On Top Now” someone always has to be on top and someone always has to be the bottom rail. I wrote all this to say this, before They distroy me I wil be on top of a train somewhere.

Jonathan

Well like the poor Mexicans. I have always wanted to ride on the roof of a train and shoot at federal Troops. but do I have to be called a zapostista? Viva Villa!!!

How did the Clinton administration require this and what type of consumers are we talking about? Big mortgages? Small mortgages? People buying mansions or people buying trailer homes?

According to a mortgage broker this writer interviewed, word began to come down through the mortgage banks to begin falsifying mortgage applications to show more borrower income than borrowers actually possessed.

According to a mortgage broker this writer spoke to, the whole mess is Roosevelt’s fault (rimshot) but seriously, could you give some more explanation on this. Was this a common experience for mortgage brokers? How did word come down? Where and from whom did word come down? Don’t these guys work on commission?

I’m just trying to learn more about this and I would appreciate any clarification.

– Sunil

Cook is not the only voice advocating an alternative financial solution. The work of Ellen Brown and Stephan Zarlenga is also dedicated to developing a populist monetary system, ie, a public monetary system to displace the private system that we know as the Federal Reserve. A populist system could be regulated by Congress and subjected to scrutiny by any and all vigilantes via the internet. Policies would not be developed in secret under a public system.

It is a mystery to me why Cook wants to play with this conspiracy idea when he knows there is an alternative financial model that would liberate the people from the control of the ruling financial elite. To me the idea of an engineered crisis isn’t credible, any more than to say the Challenger disaster was a deliberate policy by a NASA cabal. This is not to say that Cook is wrong in believing that there are lunatics out there who would like to carry out such schemes. These people who base their politics on bogus Biblical “prophecy” really are crazy, certifiable, like that fool James Watt, Reagan’s Sec of the Interior, who saw no reason to protect the environment since the world was going to end anyway.

Richard Cook should continue to develop his alternative financial model rather than waste his energies in promoting the idea of a malevolent conspiracy. It just isn’t constructive. Bewailing the darkness is a fool’s game.

After the worst is all said and done, let us recalculate the net worth of the controlling elite and see how much higher they stand on their pile of accumulated wealth.

For those readers who rely on “conspiracy theory” to degrade any intelligently documented proposition put forth that disrupts your own version of rationality, how about the realization that those who call the shots at the top of the pyramid fail to take your needs into account. The imbalance is so obvious that even the most out-of-touch citizen should have some sensation of suspicion.

Thank you for connecting the dots Mr. Cook.

You said,
“According to a mortgage broker this writer interviewed, word began to come down through the mortgage banks to begin falsifying mortgage applications to show more borrower income than borrowers actually possessed”.

No one gave literal word, it was just made easier to do. Whenever an unverified loDoc product is offered, it happens. And in a climate with that much refinancing when every used car salesman in the country starts a Home mortgage company doing piggy back loans, it happens. Was it expected to happen? Sure.

It’s not a conspiracy in the sense that a few people get together in a room and map it out – it’s the organic result of the shared interests of the elite – the elite understand, on a fundamental and unspoken level, how to control the world and they simply go about doing it. They will continue to do it until either the world as we know it dies or until they lose power (the ability to act freely).

It’s not a matter of whether or not the rich will act reasonably – by definition a rich person acts badly. This constant hope of “redeeming” the wealthy is a fool’s task and only serves their interests. Redemption can only occur by removing their power, by whatever means possible.

Do you conspire to breathe, or do you just breathe? The elite seek to gain power the same way you seek to gain oxygen.