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Was financial meltdown the result of economic terrorism ?
Hot Air ^ | March 01, 2011 | ED MORRISSEY

Posted on 03/01/2011 6:34:22 PM PST by RobinMasters

Pajamas Media gives an exclusive look at an analysis prepared for the Department of Defense’s Irregular Warfare Support Program (IWSP) by Cross Consulting and Services in 2009 that alleges that the economic meltdown in 2008 was no accident. Kevin Freeman argued that a run-up of speculation by sovereign-wealth funds created a bubble in the oil industry that allowed bear raids on American financial institutions, using credit swaps and other non-regulated investment instruments to crash the US financial system. Bill Gertz reported on the analysis today for the Washington Times:

Evidence outlined in a Pentagon contractor report suggests that financial subversion carried out by unknown parties, such as terrorists or hostile nations, contributed to the 2008 economic crash by covertly using vulnerabilities in the U.S. financial system.

The unclassified 2009 report “Economic Warfare: Risks and Responses” by financial analyst Kevin D. Freeman, a copy of which was obtained by The Washington Times, states that “a three-phased attack was planned and is in the process against the United States economy.”

(Excerpt) Read more at hotair.com ...


TOPICS: Business/Economy; Crime/Corruption; News/Current Events; Politics/Elections
KEYWORDS: 200809; 20080915; 2008meltdown; 2009; blackhelicopter; economics; economicterrorism; economicwarfare; freeman; kevindfreeman; kevinfreeman; meltdown; mortgagecrisis; tinfoilhat
Do you remember ?

$550 Billion Disappeared on September 15, 2008 “Electronic Run On US Banks”

1 posted on 03/01/2011 6:34:26 PM PST by RobinMasters
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To: RobinMasters

Automatically I would wonder how many times something similar had been tried by would be market sabotagers before. Maybe this time they were “lucky”?


2 posted on 03/01/2011 6:39:25 PM PST by HiTech RedNeck (Hawk)
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To: RobinMasters

You mean like Barney and Chris holding the government hostage to one of their social welfare redistribution schemes?


3 posted on 03/01/2011 6:40:32 PM PST by Opinionated Blowhard ("The time will come when Winter will ask you what you were doing all Summer" -- Henry Clay)
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To: HiTech RedNeck

dont forget how the goverment has drained us dry.


4 posted on 03/01/2011 6:40:33 PM PST by dalebert
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To: RobinMasters

I think it was more likely some of the big manipulators like Soros or Goldman Sachs or J.P. Morgan. There was definitely some manipulation, but more likely from the NWO crowd or the banksters than “terrorists.”

The Saudis and some of the other oil sheikhs have that kind of money, but I don’t think it’s in their interest to bring down the world economy. In fact, I suspect that they’re seriously annoyed with Obama for letting things get out of hand like they have, in Tunisia and Egypt.


5 posted on 03/01/2011 6:42:30 PM PST by Cicero (Marcus Tullius)
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To: dalebert

That can’t help, but mostly the rich, liberal set who live in their ivory towers and trade futures were almost unscathed.


6 posted on 03/01/2011 6:45:44 PM PST by HiTech RedNeck (Hawk)
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To: RobinMasters
Chuckie Schumer was one of the first to cry Wolf and start the run on the banks which occurred conveniently for the rats and the LSM in the run-up to the 2008 election. Ask him.
7 posted on 03/01/2011 6:46:22 PM PST by RedMDer (Stimulus... hasn't stimulated ANYTHING but The TEA PARTY!!! - Sarah Palin)
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To: RobinMasters
Pajamas Media gives an exclusive look at an analysis prepared for the Department of Defense’s Irregular Warfare Support Program (IWSP) by Cross Consulting and Services in 2009 that alleges that the economic meltdown in 2008 was no accident.

Many people were suspicious that something organized was going on when that meltdown occurred. Maybe if we just let it happen, we would have found out that it was a deliberate attack on our economy. As it stands there has been no satisfactory explanation. To the contrary the current administration does not want us to know the sinister nature of the event. Thanks to places like Pajamas Media, and Michael Savage's book "Trickle up Poverty," more and more information on that event is being made public.

8 posted on 03/01/2011 6:46:49 PM PST by olezip
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To: RobinMasters

That’s been quite a broadcast and dissemination today (many columns). The answer is no. The economy was undermined in late 2007 by global interests. There were many disseminations then that reduced consumer activity would slow Asian manufacturing down and bring oil prices down. ...didn’t happen. From December 1st, 2007, there was a general, early hiring freeze. Layoffs began after that.

It didn’t work. Oil is still going up, and the dollar, down, while east Asia continues to increase production.


9 posted on 03/01/2011 6:47:04 PM PST by familyop ("Don't worry, they'll row for a month before they figure out I'm fakin' it." --Deacon, "Waterworld")
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To: RedMDer

The McCain-Palin ticket was starting to really surge and had pulled ahead in polling...then the mysterious meltdown occured. Timing is everything.


10 posted on 03/01/2011 6:52:11 PM PST by Josa
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To: RobinMasters

That depends on your definition of “terrorist”.

Are the Boston Fed, Bawney Fwank, Jimmy Carter and his Community Reinvestment Act, Bill Clinton and his enforcement of it, W and his utopian ownership society and greedy CEOs, credit analysts and boards of directors considered terrorists?

If so the answer is yes.


11 posted on 03/01/2011 6:52:45 PM PST by Eric Blair 2084 (Beware of the Socialist Government-Academia Grant Junkie-Rich "non-profit"-Liberal Media Complex)
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To: RedMDer

The McCain-Palin ticket was starting to really surge and had pulled ahead in polling...then the mysterious meltdown occured. Timing is everything.


12 posted on 03/01/2011 6:54:48 PM PST by Josa
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To: Josa

The financial meltdown was the result of US TAXPYER GUARANTEED LOANS TO BUY $200,000 Houses TO PEOPLE COULD NOT PAY FOR FOOD!!!! This is unbelievable denial of the obvious!!!


13 posted on 03/01/2011 7:00:27 PM PST by Benchim
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To: Cicero
Exactly my view. There was global-level manipulation. And the Media was/is a major instrument.

But it began in 2006, coincident with the Democratic sweep, and maintained through the Bush terminus.

The curious thing to me is that the "Republicans" (of which establishment I am no friend) did not make more of this correlation in 2008. It was ripe for target.

14 posted on 03/01/2011 7:00:39 PM PST by jnsun (The Left: the need to manipulate others because of nothing productive to offer.)
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To: RobinMasters
$550 Billion Disappeared on September 15, 2008 “Electronic Run On US Banks”

I remember hearing about this and would like to read the article but it's no longer at this link. I guess that means it didn't happen /s

15 posted on 03/01/2011 7:05:29 PM PST by Freee-dame
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To: Benchim

Don’t forget, $150/bbl. oil. If it wasn’t the spark, it was the match. Failing that, it was the tinder.


16 posted on 03/01/2011 7:06:20 PM PST by 1rudeboy
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To: Josa
Timing is everything.

Yep. And then the economy went south faster then they may have wanted to bring their ideal Marxist agenda to reality. I think they played the hand too early and too strongly and we woke up.

17 posted on 03/01/2011 7:08:34 PM PST by RedMDer (Stimulus... hasn't stimulated ANYTHING but The TEA PARTY!!! - Sarah Palin)
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To: RobinMasters

I wouldn’t eliminate this as a possibility. Other fundamental factors set us up for a financial meltdown. Someone or several someones could have interfered to make it worse than it would otherwise have been.


18 posted on 03/01/2011 7:10:47 PM PST by WashingtonSource
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To: RobinMasters

God how I do remember this day and the weeks that followed, as I could not shake the deep feeling in my pit that this “crash” was no accident and that it was planned and executed on cue to help the Won, before he was the ‘Won’ but only the ‘One’, win. Within a month my home lost 30% of it’s value. Terrorists my a$$. This is a smokescreen. There was pure evil at work then, and the players are now mocking WTP for believing their lies covering their evil deeds. Our economy is under attack alright, but I seriously doubt it is by some muzzies in caves. We witnessed their preferred method for ‘crashing’ the market on 9/11/01. What happened in 2007 was indeed another attack, but by whom has not been revealed ... yet.


19 posted on 03/01/2011 7:12:13 PM PST by ri4dc (Cut your cable, Break Wind for the TSA, Flush Twice in 2012, and STOP ROTUS Now!)
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To: Freee-dame

Here is the good link :

http://laeastside.com/2009/02/550-billion-disappeared-on-september-15-2008-“electronic-run-on-us-banks”/


20 posted on 03/01/2011 7:14:55 PM PST by RobinMasters
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To: ri4dc
people have been calkling economic terrorism since it happened! look.. hotair

How can you not make the case for a conspiracy on this?

Economic terrorism against the United States.

Chakra Hammer on September 29, 2008 at 6:33 AM

21 posted on 03/01/2011 7:16:57 PM PST by BobSimons
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To: HiTech RedNeck

very true..bet their kids college funds didnt go down the tube with grandma’s small fund. looking for a repeat soon.


22 posted on 03/01/2011 7:21:51 PM PST by dalebert
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To: RobinMasters

Thanks for finding that.
________________
Here is a transcript of what Rep Kanjorski says in the video:

On Thursday Sept 15, 2008 at roughly 11 AM The Federal Reserve noticed a tremendous draw down of money market accounts in the USA to the tune of $550 Billion dollars in a matter of an hour or two.

Money was being removed electronically.

The treasury tried to help with $150 Billion.

But could not stem the tide.

It was an electronic run on the banks

The treasury intervened but had they not closed down the accounts they estimated that by 2 PM that afternoon. Within 3 hours. $5.5 Trillion would have been withdrawled and collapsed and within 24 hours the world economy.


My only two questions would be, why then ?!?; and WHO’s accounts were ‘closed down’ ?!? I seriously doubt I’ll ever know the answers to these simple questions, but it would be nice if SOMEBODY with subpoena power would try to find out, eh?


23 posted on 03/01/2011 7:23:52 PM PST by ri4dc (Cut your cable, Break Wind for the TSA, Flush Twice in 2012, and STOP ROTUS Now!)
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To: dalebert

Sabotagers probably wouldn’t want to embarrass a Democrat president. That doesn’t mean the market could not go way south of its own accord, due to such things as losing a major chunk of global oil production to Mideast unrest.


24 posted on 03/01/2011 7:26:44 PM PST by HiTech RedNeck (Hawk)
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To: jnsun

Bush was either naive or mistaken in many of his appointments. His Treasury Secretery, Paulson, was the former CEO of Goldman Sachs, and was basically working with the Democrats in congress and with Obama.

So, yes, it started under Bush.

Bush did try to repeal or revise CRA and rein in Fannie and Freddie, but he didn’t try hard enough or go public enough. The Democrats basically rode all over him.


25 posted on 03/01/2011 7:29:05 PM PST by Cicero (Marcus Tullius)
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To: RobinMasters
Soros with cover thrown by Obama and crew.
26 posted on 03/01/2011 7:30:30 PM PST by JSteff ((((It was ALL about SCOTUS. Most forget about that and HAVE DOOMED us for a generation or more.))))
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To: RobinMasters

Yes. I think it was.


27 posted on 03/01/2011 7:45:05 PM PST by allmost
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Economic Terrorism

Barney Frank, Chris Dodd, Maxine Waters, Obama, Franklin Raines, Gorelick, (lots of Dems that blocked the Fannie/Freddy reform legislation in committee), its to much of a conspiracy to just be negligence and ignorance.


28 posted on 03/01/2011 7:49:10 PM PST by BobSimons
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To: BobSimons

I want to see congressional commissions into this, NOT just this report that i think is just Puff&FLUFF and puts Obama out of reach, we need Obama to answer for his Freddy/Fannie dirty dealings.


29 posted on 03/01/2011 7:52:17 PM PST by BobSimons
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To: BobSimons
Lehman Brothers: Obama’s Rezko-Auchi conflict of interest

Dont forget about Lehman..

30 posted on 03/01/2011 7:55:14 PM PST by BobSimons
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To: RobinMasters

Wall Street’s Collapse to Be Mystery Forever

http://www.bloomberg.com/news/2011-01-28/wall-street-s-collapse-to-be-mystery-forever-commentary-by-jonathan-weil.html


31 posted on 03/01/2011 8:05:51 PM PST by FromLori (FromLori">)
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To: BobSimons
Chakra Hammer on September 29, 2008 at 6:33 AM

WTH is Chakra Hammer, what did he or she do on Sept. 29 at 6:33 AM (exactly?), and why do I care?

Please don't be so elliptical and cryptic. It's annoying.

32 posted on 03/01/2011 8:45:44 PM PST by lentulusgracchus (Concealed carry is a pro-life position.)
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To: lentulusgracchus

dont know, but the person called economic terrorism before the election.


33 posted on 03/01/2011 9:02:51 PM PST by BobSimons
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To: RobinMasters; Freee-dame; ri4dc

http://www.freerepublic.com/focus/f-news/2682158/posts


34 posted on 03/01/2011 9:12:22 PM PST by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: HiTech RedNeck

Looks to me like Iraq is being surrounded and it doesnt look like the communist democrats here mind economy going south. We are already slaves to the politicians.


35 posted on 03/02/2011 2:47:30 PM PST by dalebert
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