An American writer in Washington, DC says economic downturns are not “organic happenstance” but they are orchestrated by international bankers to plunder the public.
“When the economy crashes people don't have the money to pay their bills and their loans. When this happens, real material wealth is transferred to these very same banks through foreclosures and repossessions,” Walt Peretto said in an interview with Press TV on Monday. “It's the biggest con job ever perpetrated against mankind.”
In a recent interview with Russia Today, former US presidential candidate and congressman Ron Paul said that the biggest economic crash ever will hit the American economy when current “bubbles” burst.
“The way the Western economic system is constructed, the potential for a catastrophic economic crash wreaking havoc across the globe is ever present,” Peretto said.
“The US dollar is printed out of thin air and created as digits on computers by the Federal Reserve System. This currency is an illusion. The international bankers wish value upon it and as long as they can fool the world into thinking it has value, the power of the bankers increases,” he said.
“This system is actually a means of controlling vast numbers of people via a social contract we are born into that says if you want to live you must acquire this money we created at will,” the researcher added.
The liquidation of America’s fourth-largest investment bank, Lehman Brothers, in September 2008 almost brought down the global financial system. The collapse triggered an international economic crisis, which is considered by many economists as the worst financial crisis since the Great Depression of the 1930s.
The crisis played a significant role in a downturn in global economic activity that led to the 2008–2012 global recession and contributed to the ongoing European sovereign-debt crisis.
Ron Paul said that the basic source of the economic trouble is America’s central banking system, known as the Federal Reserve or the Fed, which cannot function in a real market economy.
Commenting to Press TV, Peretto said, “The Federal Reserve is not part of the US government, it is a consortium of private banking interests that have taken over the American economy since President Woodrow Wilson regrettingly signed the Federal Reserve Act in 1913. This was a behind the doors deal enacted in secrecy and deception.”
He stated that “Ron Paul does understand that the Federal Reserve is a major source of trouble for the United States and he is one of the few major politicians who has been outspoken in his criticism of the Fed, even calling for an audit of the institution.”
“Since 1913, the US economy has been largely controlled by these plotters who are hell-bent on a future of a one world government and a one world currency. This power over people has led to two world wars and countless other atrocities and hardships where they really rake it in by funding wars at high interest,” he added.
“As far as Ron Paul's prediction is concerned, the economy will crash if the international bankers wish it so. These economic downturns are not organic happenstance, these events are contrived schemes designed to loot the masses,” the analyst noted.