Here are a series of questions raised to me from the article Economy, Income, Home Prices… < click here to read that article >
Send me whatever additional question you might have. I will do my best to share my opinion…for whatever that is worth.
When did this economic disaster that your talking about all start?
There are several key dates when actions where taken by the US government that had serious negative impacts on the US economic system which started and then contributed to the crash of the US economic system:
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- 1913 – establishment of Federal Income Tax (16th Amendment) and the creation of US Federal Reserve.
- 1933 – President Franklin D. Roosevelt (socialist) suspended the gold standard for US currency.
- 1944 – Bretton Woods (44 of the largest world economic powers) meeting created the international monetary system with the USA as a superpower.
- 1971 – President Richard Nixon (globalist) officially took the US currency off the gold standard
But…all those are “actions” taken by the government, the real underlying reasons (symptoms) took place in 1893 and 1907. Those two underlying events laid the groundwork for banks taking control of the US economy and thus taking control of the US government.
1893 – The US experienced a severe depression. Unemployment went to about 25% – 43% (depending on the state), 500+ banks were failing, and a stock market crash. To a great degree the “crash” was almost worldwide. It was due to a stock market “bubble”, then there was speculation in agriculture prices, and high tariffs (some as high as 50%) enacted by the US president. And then there was the run on gold held by the US Treasury by folks who got scared. To “fix” the situation a group of the richest people and banks in the US formed the “The Morgan-Belmont Syndicate”. They provided vast sums of money and gold to the US government to stabilize the US federal government bank account.
1907 – In late 1907 the stock market plunged 50% from the previous year when the major banks withdrew their money from the NY Stock Exchange. This caused a panic among depositors and regional banks across the country and they began experiencing massive withdrawals…banks collapsed. Then JP Morgan, along with several other of the largest/richest banks and families, stepped in with massive amounts of money to the US government to “stabilize” the situation.
Then, and only then, do we find ourselves in 1913 when the US Federal Reserve (Fed) was formed. The Fed was 
not and is not a US government agency/department…it is a group of private banks headed up by JP Morgan. Huh…interesting. Private banks now ran the US economy…and then by default, directly or indirectly, they control the US federal government.
20 years from from a severe depression to private banks running the US economy…and then only 15 years until the worst depression in US history. Now here is an interesting assignment for you…look at who came out on top economically after the crashes of 1893, 1907, and 1928. Yeah, that gets really interesting. And how did the US get out of the Great Depression? Yup, World War 2.
So the dates to remember: 1893, 1907, 1913, 1933, 1944, & 1971. The argument could be made that it all started in 1893…but for sure in 1913. Yes, they played the long game. And yes, there is some serious indication that 1893 & 1907 wasn’t an accident or just random economic events.
Who is at fault, who is to blame for all of this?
Banks generally, specifically bank owners (rich elites). Back in the early 20th century the world’s wealth was pretty much consolidate into hands of a very few elite families; Rothschild, Frick, Baker, Rockefeller, Harkness, Armour, Ford, 
Carnegie, Vanderbilt, Astor, Morgan, Schwab, and DuPont to name the big players. These families were so rich and powerful they directly or indirectly controlled almost all the world’s resources and governments. They figured out how to make money and grew that strategy to what we have today. The world’s top 1% of rich people control 95% of all the world’s wealth.
Money itself is not the problem, power itself is not the problem. When people “lust” after money and power…that’s when it becomes the problem.
Also, in a way all consumers are the problem…a minor way. If we, as consumers, didn’t borrow and spend like crazy people with money we don’t have, then the debt disaster wouldn’t be a problem. Right?
This about this…
In the US who is more the problem…drug dealers or drug users? If a drug user is arrested, the first time or two they usually
are sentenced to rehab. When a big-time fentanyl drug dealer is arrested, the scum of society, they usually go to prison. Recently, the US military just blows them up.
When a debt addict gets into trouble we expect them to pay their bills no matter what. But, when a bank (debt dealer) gets into trouble…the US government runs to save them with boatloads of cash…yeah trillions of taxpayer dollars.
So who is the bad guy in the drug – addict/dealer world? Then, who is the bad guy in the debt – addict/dealer world?
< click here to read more about debt >
The stock market is doing really well, so how can the economy be as bad as you say?
Ah, yeah…love that question. So look at the largest players in the stock market…where is that money? So the top 9 money management corporations in the US control nearly $90 trillion. So let’s look at who controls the REAL money in the US stock market…
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- Blackrock money management $10+ trillion
- Vanguard Group nearly $10 trillion
- Bank of New York Mellon has over $40 trillion in “custody”
- State Street Corporation controls nearly $5 trillion
- JPMorgan controls nearly $4 trillion
- Charles Schwab has nearly $7 trillion
- Fidelity has nearly $5 trillion
- Bank of America nearly $4 trillion
- Edward Jones and Wells Fargo at a paltry near $2 trillion each
Notice a little overlap with that list and the list of the largest US banks? So, the stock market is going to do well for the “big” money…always. That is the easiest way to transfer vast amounts of wealth to the richest folks…usually the ultra-rich. That is a relative wealth transfer of wealth…it’s called the stock market.
But, who cares if the stock market is doing well when real income is growing a small fraction of the rate as debt and people are increasingly not able to afford a home of their own! And let’s look at the statistic of the disappearing middle-class even though the stock market does well. Forget the stock market is manipulated and it is manipulated for one reason.
Interesting read on the stock market being manipulated < click here >
Excited about Trump Checks?
Absolutely YES! And certainly NO!
Yes, in the fact that if they are $2,000 a piece like Trump mentioned, my wife and I will love that money to invest in our glamstead.
No, in the fact that the money for the $2,000 checks is coming from Trump Tariffs (according to Trump).
Yeah, in August of 2025 Trump himself said the US government has collected trillions of dollars from his tariffs. First of all, I think that is an outright lie…or just a stupid mis-statement. But, let’s say it is true what Trump said. That means trillions of dollars were sucked out of the US economy and placed in the hands of the federal government. Sorry, I am a big believer in letting that money stay in the hands of US citizens and US companies that actually earned it. Yup, that means I don’t like or trust the US federal government spending our money…I would rather we do
it. You know, the folks who actually earned it.
So who paid all those tariffs that Trump is talking about? Well, mostly US consumers…but also some US companies. Ultimately the tariffs are paid by US citizens one way or another.
But trust me when I say I will cash that Trump Tariff Check in a heartbeat!! Yup, nice of the government to throw back a few crumbs of our own money.
Interesting reading Tariffs = Taxes = Good?
Articles in this Series –
- Economy, Income, Home Prices…
- Economy, Income, Home Prices: Q&A #1
- Economy, Income, Home Prices: Q&A #2
- Economy, Income, Home Prices: Q&A #3
- Economy, Income, Home Prices: Q&A #4
- Economy, Income, Home Prices: Q&A #5
- Feedback : Paul
Related Articles –
Q & A Time…Ask me a question or send me a message…
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