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 ...
SEPTEMBER 23, 2008 : (THE FBI IS INVESTIGATING 4 INSTITUTIONS WHOSE COLLAPSE HELPED TRIGGER BAILOUT PLAN: FANNIE MAE, FREDDIE MAC, AIG, & LEHMAN BROS) -——FBI Investigating Potential Fraud by Fannie Mae, Freddie Mac, Lehman, AIG,” Fox News ^ | Tuesday, Sep 23, 2008 | Staff
The U.S. economic crisis was precipitated in late June 2008 by Democrat Senator Chuck Schumer’s intentional leak of a memo questioning the solvency of IndyMac bank. The memo triggered a deposit run on IndyMac which led to its failure. The combination of IndyMac’s failure, Lehman Brothers collapse and Fannie Mae’s impending subprime mortgage crash effected a gathering storm in the markets until September 15th when, in a matter of hours, a colossal drawdown of money market accounts in the U.S. caused the disappearance of $550 billion from the American banking system. Rep. Paul Kanjorski of Pennsylvania stated if authorities had not closed the banks that day, $5.5 trillion would have been withdrawn from US banks, which would have caused the collapse of the U.S. Combined with mortgage industry failures, this electronic run on banks handed the Democrats in Congress the justification to utilize the panic for political benefit and initiate the nationalization of the banking and mortgage industries under the $700 billion Troubled Asset Relief Program (TARP.) This early October Surprise propelled Barack Obama into office and provided further ammunition for his administration’s deliberate takeover of the private market. As White House Chief of Staff Rahm Emanuel says,“Never let a serious crisis go to waste… it’s an opportunity to do things you couldn’t do before.”
Maybe they will point the finger at Qadaffi since they and the Brits need to get their former North African buddy out of the picture now that he's finally embarassing them.
I didn’t see any documented evidence in the article.
Hedgefund traders, repeal of uptick rule, George Soros... They need to investigate the Lehman short traders (hedgefunds and overseas orders could easily be identified).
Then there is Benedict Arnold Ben and Paulson.
http://www.marketwatch.com/story/fed-dictator-bernanke-needs-to-be-toppled-2011-02-15
“Among the financial instruments that may have been used in the economic warfare scenario are credit default swaps, unregulated and untraceable contracts by which a buyer pays the seller a fee and in exchange is paid off in a bond or a loan. The report said credit default swaps are “ideal bear-raid tools” and “have the power to determine the financial viability of companies.”
Another economic warfare tool that was linked in the report to the 2008 crash is what is called “naked short-selling” of stock, defined as short-selling financial shares without borrowing them.
The report said that 30 percent to 70 percent of the decline in stock share values for two companies that were attacked, Bear Stearns and Lehman Brothers, were results of failed trades from naked short-selling.
The collapse in September 2008 of Lehman Brothers, the fourth-largest U.S. investment bank, was the most significant event in the crash, causing an immediate credit freeze and stock market crash, the report says.
In a section of who was behind the collapse, the report says determining the actors is difficult because of banking and financial trading secrecy.
“The reality of the situation today is that foreign-based hedge funds perpetrating bear raid strategies could do so virtually unmonitored and unregulated...”
http://www.washingtontimes.com/news/2011/feb/28/financial-terrorism-suspected-in-08-economic-crash/?page=4
The Houses and the banks are complicit along with the regulators, the lobbyists, and our own elected Congress.
But, let’s blame the foreign enemies rather than the people in our own government and in our own financial system who created the mess.
And no one is held accountable.
Here’s a link to one of the discussions of this in 2009. The search term is electronic run.
http://www.freerepublic.com/focus/f-news/2329881/posts?page=101
Is that you George?
Could your please be more explicit in expressing ignorance? Don’t confuse us, try to be more straightforward, show us better what the utter failure to think looks like.
In one day???
Not over time, but ONE DAY??
HAD to be intentional!
http://www.scribd.com/doc/49755779/Economic-Warfare-Risks-and-Responses-by-Kevin-D-Freeman
Yes. That's what a run on a bank is. In olden times before the computers, a banker would wake up and see a thousand people lined up to get their moneys before the bank is even open.
HAD to be intentional!
Of course it is. People don't wake up early and run to the bank before work on accident. They want their deposits back. That's the intent.
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