Is the Mortgage Crisis a Shell Game?

In the huge mortgage financing shell game, the money has not disappeared. It was never there. The banks were allowed to lend out money they didn't have. In fact, one report says that they were allowed to lend out 8 times what their assets were. This put them into hock to the biggest bank in the world, the Federal Reserve System.

The thing about the Federal Reserve System is that it doesn't really have any money. It creates money or takes money away. All this m

oney is backed by exactly nothing. There is even a rumor that there is no gold or silver in Fort Knox anymore. It's just numbers on computers. Of course, it also handles OUR money, the taxpayers' money. Since there wasn't enough of that to go around, they were just creating billions and billions of dollars out of thin air by pushing a few keys on a keyboard. So the Fed was lending non-existent money to banks with no assets to cover the loans.

The truth is, we will never know, and they don't care if we know. We are the ultimate patsy's, the ones who get stuck paying for all their excesses and screw ups. It's like a parent who keeps bailing out an errant child...they never learn. Whereas parents can choose to stop bailin

Some topics in this essay:
Fort Knox, Fed Evidently, David Icke, Reserve System, non-existent money, real property, shell game, Federal Reserve, federal reserve system, money pay, reserve system, federal reserve, allowed lend, tons money, overseas investors,