The Federal Reserve Did Indeed Cause the Housing Bubble

One of the dirty little secrets behind the housing bubble is the long standing partnership of narcotics trafficking and mortgage fraud and the use of the two in combination to target and destroy minority and poor communities with highly profitable economic warfare.

This model is global. It is operating in counties throughout the world as well as in US communities. Of all the actions that the Federal Reserve took to engineer this housing bubble, the one that I would note is Mr. Greenspan’s efforts to pacify Congresswoman Waters regarding allegations of government sponsored narcotics trafficking at a time when open Congressional hearings would have contributed to an important discussion of the operations engaging in mortgage fraud in minority communities.

This text by Catherine Austin Fitts is a response to an article entitled "The Fed Didn't Cause the Housing Bubble" by Alan Greenspan, former Chairman of the Federal Reserve, published in the Wall Street Journal Alan Greenspan is a liar.

Our bankruptcy was not an accident. It was engineered at the highest levels.

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