The following video is intriguing. It offers a lot of evidence of institutionalized fraud and corruption in our banking system. It concludes that a financial collapse is scheduled for A.D. 2013.
Prominently featured is the battle between Brooksley Born (Commissioner of the Financial Crisis Inquiry Commission) and Federal Reserve Chairman Alan Greenspan. Mrs. Born wanted to eliminate fraud from our banking system. Greenspan insisted that the “market” would root out the fraud and no further governmental action was required. Born tried to do the right thing. She fought heroically but was defeated by Greenspan and the bankers.
The evidence presented in the video appears to be true. The conclusion (there’ll be a financial collapse in A.D. 2013) is plausible. But the video’s argument is flawed in that the author fails to “connect the dots” (the premises) in a way that leads “inevitably” from the evidence to the conclusion. As a result, the conclusion seems to be more of an isolated assertion than a logical consequence.
Could there be a financial collapse in A.D. 2013? Absolutely.
But, could the seemingly-inevitable financial collapse take place in A.D. 2014? A.D. 2015? Beyond? Yes.
This video offers good evidence that, based not merely on mathematics but also on institutional corruption, a financial collapse is inevitable. But it does not offer reason that that collapse will definitely take place in A.D. 2013.
I’m not suggesting that you should be complacent. A collapse is inevitable. It might not take place next year–but it certainly could.
From a political perspective, it would be best to have a collapse in a non-election year. Thus, a collapse in A.D. 2013 would be “preferable” to a collapse in the presidential election year of A.D. 2012. If Romney were elected this November, and the economy collapsed in his first year in office, he could easily blame Obama for wrecking the economy and then have a free hand to rebuild the economy in whatever image he desired. From an incumbent politician’s point of view, an economic collapse in January of A.D. 2013 would be far more desirable than an economic collapse in October of A.D. 2012.
Whether such political concerns will determine the date of collapse remains to be seen.
However, I am suggesting that the producer of this video came close but fell short of making a compelling argument. The producer offers good evidence that a collapse is coming. He does not prove that A.D. 2013 must be the year.