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Did China or Jihadists try to bankrupt America?
Daily Mail ^ | Last updated at 10:16 PM on 1st March 2011 | Daily Mail Reporter

Posted on 03/01/2011 3:12:04 PM PST by Niuhuru

Full Title:

"Did China or Jihadists try to bankrupt America? Pentagon report reveals financial terrorists may have triggered economic crash"

Terrorists and other 'financial enemies' were likely responsible for the near collapse of the U.S. financial system in 2008, a new Pentagon report has concluded.

The 2009 report, Economic Warfare: Risks and Responses, said financial terrorism by Jihadists or countries such as China may have cost the global economy $50 trillion in a series of co-ordinated strikes against the U.S. economy.

In an astonishing conclusion, the report claims two unidentified traders deliberately devalued trillions of dollars' worth of stocks at the height of the crisis

(Excerpt) Read more at dailymail.co.uk ...


TOPICS: Business/Economy; Crime/Corruption; Government; News/Current Events
KEYWORDS: 091508; 092808; 2008; 200807; 200809; 20080915; 2008election; 2009; america; attack; ccx; chicagoexchange; china; crash; economicattack; economics; economicwarfare; economy; financialattack; financialterrorism; financialterrorists; jihad; meltdown; mortgagecrisis; ohio; pentagon; pentagonreport; report; russia; stockmarket; stocks; stocktraders; terrorist; terrorists; traders; trillions; twotraders; wallstreet
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To: Niuhuru

We had run up $50 trillion in government and corporate debt, nearly half of which was in financial shell games. We know where the problem is, no need to go looking for hidden boogeymen when the bad actors are right out in plain view.


41 posted on 03/01/2011 4:12:30 PM PST by DaisyCutter
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To: TopQuark
Suppose that the "law" is true. Suppose that a highly probable event does occur: what does that prove?

You can't think on any subject, can you? You offer no evidence that you've encountered causal reasoning in any substantive area.

More importantly, why such a cowardly cop-out: why not demonstrate that (i) your an opinions are based in fact, (ii) your statements differ from those of Marx, Hitler and Mussolini, as I claimed. That would certainly prove me wrong.

But that would require some knowledge of facts and the ability to reason, wouldn't it?

Finally, you must be lacking any remnants of intellectual honest if you think that my post, or discussions here on FR, is some sort of a game that someone wins or loses.

You are correct in a different sense: I lose because communist scum supported by "conservatives" like you is destroying the country.

But to morons like you it is a game. No, it's not an insult: the word refers to someone with arrested development -- someone of adult age playing childish games, for instance.

Well, enjoy your sandbox.

42 posted on 03/01/2011 4:24:45 PM PST by TopQuark
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To: Niuhuru
So, in addition to the Market being rigged for the big, institutional players in the US...and manipulated by the Fed via the PPT, we now have foreign entities manipulating it through false trades and bogus puts?

Who could possibly trust such an "institution"? Why has not ALL money been pulled from All Market institutions and equities and bonds traded peer-to-peer?

This is very, very serious stuff folks. It's like finding out the dollar is only paper.

43 posted on 03/01/2011 4:28:35 PM PST by Mariner (USS Tarawa, VQ3, USS Benjamin Stoddert, NAVCAMS WestPac, 7th Fleet, Navcommsta Puget Sound)
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To: OpusatFR

On Sep 18, 2008, at 11am the Federal Reserve noticed a tremendous draw-down of money market accounts in the U.S., to the tune of $550 billion was being drawn out in the matter of an hour or two.

The Treasury opened up its window to help and pumped a $105 billion in the system and quickly realized that they could not stem the tide. We were having an electronic run on the banks. They decided to close the operation, close down the money accounts and announce a guarantee of $250,000 per account so there wouldn’t be further panic out there.

If they had not done that, their estimation is that by 2pm that afternoon, $5.5 trillion would have been drawn out of the money market system of the U.S., would have collapsed the entire economy of the U.S., and within 24 hours the world economy would have collapsed. It would have been the end of our economic system and our political system as we know it.

I wish the Repubs would investigate this.....it was right before elections, McCain ran back to WH...and Obama ran the meeting. I believe that cost McCain the Presidentcy.


44 posted on 03/01/2011 4:33:45 PM PST by Engedi
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To: ronnie raygun

“Wouldnt it be nice to remove him from all his money and give him a walmart carrage and a card board box on a NY corner”

How about Bernie Madoff’s CELLMATE???!!!


45 posted on 03/01/2011 4:34:13 PM PST by Frank_2001
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To: OpusatFR
"And just what do you think a synthetic CDO is? Who wrote it? Who SOLD IT? And who bought it?"

If you imply that CDOs were exchanged between institutional investors, including the banks, you are absolutely correct.

Have you noticed a jump: the previous statements were about the parties' allegedly causing the "mess."

If you make such startling claims, you should explain yourself. In paricular, how CDOs are related to and how they caused the mess.

Before you get into causality, you should explain what you mean by the "mess." Hint; we had more than one crisis --- the credit crisis and the housing bubble, for instance.

Rhetorical remarks "what about the air in New York" and other unrelated stuff do not help.

46 posted on 03/01/2011 4:34:22 PM PST by TopQuark
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To: TopQuark
Secondly, I would like to know what specifically two traders could do to affect the value of that much equity.

I'm recalling a really bizarre and ludicrous tale of "oopsie," pushing the "wrong button."

Twice. Just coincidental, I'm sure.

47 posted on 03/01/2011 4:37:26 PM PST by RegulatorCountry
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To: Niuhuru

Catastrophic Bump


48 posted on 03/01/2011 4:41:21 PM PST by WashingtonSource
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To: RegulatorCountry
I'm recalling a really bizarre and ludicrous tale of "oopsie," pushing the "wrong button."

I am sorry, but your recollections don't help me a single bit until you tell me what they are.

49 posted on 03/01/2011 4:50:45 PM PST by TopQuark
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To: Triton42
I wouldn't be so quick to dismiss jihad so fast. "Sharia compliant finance" is a recent fiction which attracts a lot of western financial institutions despite the flashing warning lights of it's not so gleeming track record. Read about this fiction @DanielPipes blog: "Islamic Economics: What Does It Mean? "
Islam and Mammon, a brilliant book by Timur Kuran, written when he was (ironically, given heavy Saudi backing for Islamic economics) King Faisal Professor of Islamic Thought and Culture at the University of Southern California. Now teaching at Duke University, Kuran finds that Islamic economics does not go back to Muhammad but is an "invented tradition" that emerged in the 1940s in India. The notion of an economics discipline "that is distinctly and self-consciously Islamic is very new." Even the most learned Muslims a century ago would have been dumbfounded by the term "Islamic economics.. .Proponents of Islamic economics make two basic claims: that the prevailing capitalist order has failed and that Islam offers the remedy.To assess the latter assertion, Kuran devotes intense attention to understand the actual functioning of Islamic economics, focusing on its three main claims: that it has abolished interest on money, achieved economic equality, and established a superior business ethic. On all three counts, he finds it a total failure."
Those familiar with sharia law understand that the infidel does not stand a chance in recovering their investment in an Islamic judgement. Invest at your own risk . . .and keep an eye on your own financial advisors/banks investments. As for me and mine, I'm avoiding sharia friendly finance like the plague. With our current admin attempting to restructure Fannie and Freddie . . . I wouldn't put it past them to bow to sharia there too.
50 posted on 03/01/2011 4:52:06 PM PST by wtd
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To: Niuhuru
Finally someone offers an answer to my tagline question. Not sure I buy it but it's amazing that so little attention has been given to this subject. I find it hard to believe that "untraceable" investors can make transactions of this magnitude. Totally anonymous "investors" can make trades and nearly crash the whole world's economy? It could have been done by a steenking computer program with laxity like that in the market system.

Got confidence in the markets now?

51 posted on 03/01/2011 4:56:35 PM PST by TigersEye (Who crashed the markets on 9/28/08 and why?)
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To: TopQuark

Is Google blocked in India or wherever the heck it is that you are?

Here:

http://www.google.com/search?hl=en&source=hp&q=pushing+the+wrong+button+trade+crash&btnG=Google+Search


52 posted on 03/01/2011 4:57:00 PM PST by RegulatorCountry
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To: OpusatFR
I don't buy it either. This is misdirection. I would look at the Federal Reserve for one. China? So tell me how they benefited from nearly destroying the economies of every nation on earth?

In the second phase, untraceable investors attacked financial institutions such as Bear Stearns and Lehman Brothers in a 'bear raid'. The term refers to a strategy where investors try to force the value of companies down through malicious rumours or complex financial trades that impact its stock price.

Does anyone recall how Schmucky Schumer started the dominoes falling in the summer of '08? What does he know and who was he working with/for?

53 posted on 03/01/2011 5:10:41 PM PST by TigersEye (Who crashed the markets on 9/28/08 and why?)
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To: RegulatorCountry
I don't know where the disconnect occurred. I have posed a question how a trader could possibly change valuation on trillions dollars' worth of equity. You tell me you know some particular story, but do not tell the story itself. Now it turns our you expected me to do some search on Google. This is very confusing to me.

I did look at the first story on the page you kindly surprised. I could not find any connection whatever with the issue we are discussing. Nor are you telling us what the connection is.

Thank you for the link, but I really don't know where your argument is going. P.S. Yes, at one point people suspected that mini-crash of May 6, 2010 was caused by an error. That supposition appears to have been proven untrue.

54 posted on 03/01/2011 5:36:34 PM PST by TopQuark
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To: Niuhuru
Reminds me that about a year ago maybe two cops in China (i suspect due to pressure from the US) found and busted a counterfeiter. In his apartment were 1 TRILLION dollars in treasury certificates.

Not good.

55 posted on 03/01/2011 5:38:10 PM PST by HeartlandOfAmerica (Insane, Corrupt Democrats or Stupid, Spinless Republicans - Pick America's poison.)
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To: Clintonfatigued; AdmSmith; AnonymousConservative; Berosus; bigheadfred; ColdOne; ...

Thanks Clintonfatigued.

http://www.freerepublic.com/focus/news/2681747/posts


56 posted on 03/01/2011 5:44:44 PM PST by SunkenCiv (The 2nd Amendment follows right behind the 1st because some people are hard of hearing.)
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To: Triton42

don’t forget russia

http://www.freerepublic.com/focus/news/2440456/posts

‘Paulson claims Russia tried to foment Fannie-Freddie crisis”


57 posted on 03/01/2011 7:57:51 PM PST by WoofDog123
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To: OpusatFR

think multi-dimensionally. the street makes the mess, but nationstates aren’t stupid and can take advantage of this.

“Paulson claims Russia tried to foment Fannie-Freddie crisis”


58 posted on 03/01/2011 7:59:00 PM PST by WoofDog123
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To: omega4412

after the reserve fund broke the buck, the fed had to halt massive outflows of funds. it is not public where the funds were going, some if it certainly was justified concern about us money market fund safety, at the very least. Anyone watching matters should have been worried if they held a us money market fund.


59 posted on 03/01/2011 8:01:01 PM PST by WoofDog123
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To: HeartlandOfAmerica

gotta wonder if related to the 60-odd billion in us treasury certificates found on 2 japanese nationals in switzerland (the men were later RELEASED).

That case was never publicly explained or explored.


60 posted on 03/01/2011 8:03:14 PM PST by WoofDog123
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