Quote:
Originally Posted by Ugly Bastard
I'd like to hear more about that conspiracy you mentioned.
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Ok so bank #1 essentially owns a million foreclosed homes. They fail. Bank #2 buys them up for pennies on the dollar. Bank #2 fails. Repeat a few times and one or two banks own an insane amount of wealth. Keep in mind that money isn't wealth, its a constantly fluctuating representation of wealth.
So a couple banks own half the homes in the country. They use large amounts of cash to buy up even larger portions of a number of key industrial leaders because their stocks have fallen to unbelievably low levels, many much lower than a company's collective wealth is worth.
Wait for economy to right itself, guess who owns half of the world?