Skip to comments.Financial Terrorism Suspected in 2008 Economic Crash Pentagon study sees element
Posted on 03/01/2011 7:32:45 PM PST by khnyny
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.
While economic analysts and a final report from the federal government's Financial Crisis Inquiry Commission blame the crash on such economic factors as high-risk mortgage lending practices and poor federal regulation and supervision, the Pentagon contractor adds a new element: outside forces, a factor the commission did not examine.
There is sufficient justification to question whether outside forces triggered, capitalized upon or magnified the economic difficulties of 2008, the report says, explaining that those domestic economic factors would have caused a normal downturn but not the near collapse of the global economic system that took place.
Suspects include financial enemies in Middle Eastern states, Islamic terrorists, hostile members of the Chinese military, or government and organized crime groups in Russia, Venezuela or Iran. Chinese military officials publicly have suggested using economic warfare against the U.S.
In an interview with The Times, Mr. Freeman said his report provided enough theoretical evidence for an economic warfare attack that further forensic study was warranted.
The new battle space is the economy, he said. We spend hundreds of billions of dollars on weapons systems each year. But a relatively small amount of money focused against our financial markets through leveraged derivatives or cyber efforts can result in trillions of dollars in losses. And, the perpetrators can remain undiscovered.
This is the equivalent of box cutters...
(Excerpt) Read more at washingtontimes.com ...
What was the story behind the 1000 point fall aka flash crash
I believe the financial terrorism was
implemented by Barney Frank and Chris Dodd
with the help of the entire democrat party.
Can we all say duh?
It only took ‘em 3 years to get it?
The issues is also discussed on another thread:
If the "terrorists" did it, then Bawney Fwank, Obama, DemoRats, and Federal home lending requirements are all innocent!
If true, this would let Obama off the hook, maybe even let Bush off the hook?
Best RATs and RINOs money could buy.
They were clearly in on on it also, Marxism knows no borders. Frank and the others take their orders from Moscow and Bejing not from the American tax payer.
I don't think so. Both of the Ass-Clowns In Chief" responses made it worse than it had to be.
heck, didn’t paulson write that he had been told by china that russia asked them to collude in collapsing the agency debt market in mid-2008, but they declined?
There were real structural weaknesses in the financial system, but it is a no-brainer that nation-states participated in the mess. Russia is on top of the suspect list.
I'm looking forward to watching “Inside Job” by Charles Ferguson. I've personally come to the conclusion that Wall Street, much of our government and most of the big banks are nothing more than parasitic ticks which suck the blood off of their “customers” and “constituents”. Their own survival and greed is paramount - the so-called “strong” feeding off of the weak so to speak.
"...What it basically means is: to change the perception of reality of every American that despite of the abundance of information no one is able to come to sensible conclusions in the interest of defending themselves, their families, their community, and their country.It's a great brainwashing process which goes very slow and is divided into four basic stages.The first stage being "demoralization"...."---KGB Defector Yuri Bezmenov
It’s a no brainer that’s apparently been studiously ignored - at least publicly.
Bit late for that.
And I doubt the bankers want to make things that secure.
Then Ferguson makes case that banks made risky loans and quickly sold the near worthless paper to unsuspecting outsiders.
It's true, but why would established banks suddenly start to do this after decades of successful ongoing conservative management? Well now yer askin' too many questions, see!
2008 economic crash bump for later......