I have been doing research into what exactly happened to our economy, everything has a cause and effect, we are living in the effect I just had to find the cause.

What I found was the Commodity Futures Modernization Act of 2000 back when people were talking about the Enron Loophole, but I had not realized all the other damage this bill caused.

In essence CFMA of 2000 brought this nation back to 1900, removing regulations that were put in place after the first 2 crashes in the early 1900's and the breakup of Standard Oil. It was written and designed to do exactly what it did by big oil, people at investment firms, ENRON, and Phil and Wendy Gramm.

Big Oil and the firms we bailed out have spent a lot on lobbying to keep this bill off the radar and as law ( in fact some of the bailout money has been used for lobbying), some lawmakers have tried to amend it or pass legislation to control parts of it but none of it has had any effect.

The big investment firms set up betting shops online and placed bets against themselves. They put in CFMA of 2000 that people who did not qualify for a loan could get one so that there would be failures and they bet on them, trouble was there were more failures than they thought and many people also bet against them and they had to pay those debts, that is what we taxpayers bailed out, the bets that they had to pay out.

This was all by design.

Also what happened on a global scale was that other nations soon saw CFMA of 2000 working to make billions for those in the know and they soon copied it.

They followed us right off the cliff. CFMA of 2000 and those that wrote, sponsored and made it law are responsible for the world economic crisis.

For a better explanation see my video on youtube, True to Earth TV - What Destroyed The U.S. Economy