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 ...
Amazing!!! What a bunch of idiots! Anyone with an ounce of brain matter could see this!
The repeal in 1999 of the Glass-Steagall act.
Yeah, pretty obvious. Also obvious (to me anyway) was one of their goals of the crash was to also get their marxist muslem toad Obama into power. Then they could REALLY bring down the U.S. economy, and the Nation with it. And it is working.
Meet the New Boss, Same as the Old Ba'al
--The Who?
Ba'al being a Hebrew word for owner, lord, possessor, MASTER --- Typically manifested throughout history via the merger of commerce, government, and religion - rendering a state of affairs where:
"COMMERCE BETWEEN MASTER AND SLAVE IS DESPOTISM"
--Thomas Jefferson
Sort of kike that time back when....
"Gee, Moses has been up on that hill an awful long time - he and his God must be dead; so hey, let's just throw all our gold into the fire and then worship what comes out!"
That was a "Ba'al out" too, get it? {Badumpump}
"We didn't truly know the dangers of the market, because it was a dark market," says Brooksley Born, the head of an obscure federal regulatory agency -- the Commodity Futures Trading Commission [CFTC] -- who not only warned of the potential for economic meltdown in the late 1990s, but also tried to convince the country's key economic powerbrokers to take actions that could have helped avert the crisis. "They were totally opposed to it," Born says. "That puzzled me. What was it that was in this market that had to be hidden?"
Rules? We don't need no stinking rules!
The purpose of my post on this thread is to prevent misdirection of attention away from the Federal government, DemoRats and RINOs who are the primary cause that this could occur.
Yep, that was the removal of the good working regulations.
There is only one real suspect...George Soros!
And it helped him get his Commie into the White House!
Debt of Honor was about flying a commercial passenger plane into Congress, and as a subplot, electronically sabotaging our financial markets.
His novels are primers for bad guys. And our guys are idiots if they aren't reading his stuff.
That creature is completely demonic. Straight from the pit of hell.
Without this action the housing price bubble would not have been so big, and banks would not have been tempted to go outside the law.
That's right, and some of those honest banks are still in business - still resisting the efforts of select jackwagons on Capital Hill, like Dick Durbin, to effect otherwise.
It's economic warfare alright - but we need look no further than Chicago for the usual school of suspect, criminally minded, punks.
Exhibit A:
Penny Pritzker - National Finance Chairwoman for the Obama campaign - whose Chicago family-owned Superior Bank FAILED in 2001 from the effects of its pioneering efforts in the Sub-prime finance debacle.
How could someone’s bank fail in 2001 fro the “Sub-Prime Debacle” which wouldn’t occur until 2007-8?
Yep, thanks for the reminder, Penny and the rest of Obama's campaign women had slipped my mind.
"Superior, co-owned by Pritzker family trusts, began focusing on subprime loans in 1993,"
Evidently growing ACORNs in a$$paper produces the same putrid fruit regardless of the vintage
Interesting story I’d be interested in giving more consideration to if only author had linked the actual Pentagon report being cited.
[but why would established banks suddenly start to do this]
Wasn’t that because George Bailey jumped off the bridge and there was no one to stop Mr. Potter from turning the whole town into Pottersville?
Or maybe it was because they didn’t have a vested interest in the communities they were raping?
As one “manager” of application support at Argent Mortgage explained it to me - “We’re not predators - Those people are uneducated, ignorant, and stupid - so they DESERVE to be taken advantage of” (right Dave?).
Can you imagine cashing a check at a bank whose tellers were indoctrinated with such an attitude - and so shortchanged folks because, well “our customers are stupid”?
Me neither.
Where’s LEO?
Let's not go silly.
This report does not nullify any previous findings. It simply identifies a suspected new significant and as yet unidentified player.
"Nothing to see here?"
Again?
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