‘An American writer in Washington, DC says economic downturns are not “organic happenstance” but they are orchestrated by international bankers to plunder the public.

“When the economy crashes people don’t have the money to pay their bills and their loans. When this happens, real material wealth is transferred to these very same banks through foreclosures and repossessions,” Walt Peretto said in an interview with Press TV on Monday. “It’s the biggest con job ever perpetrated against mankind.”

In a recent interview with Russia Today, former US presidential candidate and congressman Ron Paul said that the biggest economic crash ever will hit the American economy when current “bubbles” burst.’

Read more: International bankers orchestrate economic crises to loot masses: American writer