[Tin foil hat: ON!]
I am fascinated by trying to spot correlations between the situation we're currently experiencing and other economically interesting times -- particularly between 1900 and 1930 or so.
What this congresswoman has to say reminded me of a piece from a video I've linked to before (as have others I'm sure) which is an account of the shenanigans associated with the setting up of the Fed and in the decade or three that followed.
The video documentary is Zeitgeist, and the bit I was thinking of begins at 1:17:40 (interestingly with the Jefferson quote mentioned in the quotes thread).
If anyone has ten minutes to spare to watch a bit of this video, I'd be interested to hear what others think about the points of similarity between then and now (at least as Zeitgeist reports them -- although how accurate this video is, I can't say).
What is really going on behind the scenes, or is this just a poorly-thought-out (but necessary?) bailout as a result of simple greed and fear (in that order) of ordinary traders, borrowers and lenders? If we're living through times similar to around 80 to 100 years ago, at what stage (and in what year) are we at when compared with that period?
Last time, the behind-the-scenes goal (or perhaps one of the goals) was the setting up of the Fed. If there really are shadowy figures behind the scenes pulling the strings, what's their plan this time? When we look back at now, what will we realise they've achieved that our current situation is greasing the wheels for?