By ENGR101.com Staff
Published November 29, 2010
When President Barrack Obama criticizes former President George W. Bush for the current economic crisis, in a sense he is right to do so. The crisis did occur during Bush’s watch, but the fundamentals of the crisis had not started with Bush.
In the early 1970s, Richard Nixon’s presidential pen fell under the watchful eye of economist Paul Volcker. Taking Volcker’s advice, Nixon signed the nation away from its basis for money — the gold standard.
It was during the Carter presidency that the current financial crisis slowly began. Carter appointed Volcker to head the Federal Reserve and it was Volcker and an activist Congress that together were willing to sacrifice the manufacturing strength of the country – the basis of the economy that had made the nation so powerful in the world.
Corralling George W. Bush
Volcker’s Federal Reserve, along with the US Congress and the giant banks of New York along with Wall Street, accelerated the financing of the globalist agenda of international elitists controlling international economies – controlling the means of method of production of the entire world – the madman scenario dreamed about by dictatorial tyrants since the world began.
By 1980, with Mexico’s economy already undermined by Federal Reserve meddling, the primary focus of the New York invaders turned to seizure of America’s west-Texas oil and gas assets.
The First National Bank of Midland, Texas was their primary target. Midland is located within the heart of the Permian Basin, a rich oil and gas field that contains some of the largest known reserves in the United States. The bank was the largest independent energy bank in Texas.
In the early 1980s,














