Posted on 03/03/2011 6:44:02 PM PST by mlocher
New York – A government report suggests that "outside forces" may have triggered the 2008 economic meltdown. So... it wasn't our fault after all?
It turns out that the devastating 2008 financial collapse wasn't caused by our over-leveraged borrowing and ballooning real estate prices, but rather "financial terrorism" from "outside sources," at least according to a newly uncovered 2009 report commissioned by the U.S. Defense Department. Financial analyst Kevin Freeman, the Pentagon contractor who wrote the report, claims that coordinated financial attacks on the U.S. from unknown "financial enemies" turned a normal downturn into an economic catastrophe that drained $50 trillion from the global economy. Could that really be true?
Yes, and we still face an economic 9/11: The financial attacks we've suffered are "the equivalent of box cutters on an airplane," Freeman tells The Washington Times. But the likely perpetrators, "radical jihadists and the Chinese," aren't finished yet. A massive, dollar-destroying sell-off of U.S. government bonds "is the 'end game' if the goal is to destroy America," and our nation remains woefully unprepared. "Financial terrorism suspected in 2008 economic crash"
(Excerpt) Read more at news.yahoo.com ...
“over-leveraged borrowing”
I haven’t heard of that before. Has the author invented a thing?
Sure, if you want to call George Soros a financial terrorist.
Well, socialism is financial terrorism if the carcasses of past attempts at it is any indication. Britain had the world’s reserve currency status for 200 years ... before what, exactly, occurred?
First time I’ve ever heard of the DemocRATS being referred to as “outside forces” but I do believe he’s on to something.
So you build your house out of gasoline-soaked logs and dynamite. Some guy comes along and tosses in a match. “It’s all his fault!”
NO ...
great story to distract from Dodd, Fwank, Cuomo, Johnson, Rangel, Garelick, Kennedy, all the DEMS that used Fanny/Freddy as their own COOKIE JAR.
Fanny/Freddy and $4.00/Gallon GAS is FAR from Terrorism. it’s Government CORRUPTION!!
I have heard that much of the trading activity during the crash was orchestrated from Moscow and Beijing.
“great story to distract from Dodd, Fwank, Cuomo, Johnson, Rangel, Garelick, Kennedy, all the DEMS that used Fanny/Freddy as their own COOKIE JAR.
Fanny/Freddy and $4.00/Gallon GAS is FAR from Terrorism. it’s Government CORRUPTION!!”
Yeah, I think you’re right.
Considering Paulson and Soros etc raked in billions from the “greatest economic catastrophy since the great depression”. You might want to rethink your position.
Remember Soros thinks he’s G-d. He did bring down the Bank of England. You think he wouldn’t get into bed with the Islamofascist to bring down America? Ofcourse he would.
What did Obama and George Soros know and when did they know/create it?
I'm not a conspiracy person, but I do think that lots of what happens in the world is directed by a few big egos. Most people aren't grandiose enough to think like Soros and his ilk do. Most people want to spend time with the people they love, and be happy. It isn't about ability, or intelligence. It's about thinking ‘big’, and people like Soros think ‘big’. Those kinds of people can do really great things, and can do really bad things, but they do things that have a much bigger impact than you would think one person would be capable of. Underestimating the capability of individuals to do really bad things with worldwide implications is a mistake.
Where are Americans demostrating demanding that oil drilling be resumed in the U.S?
Americans have become complacent sheep.
Yep, outside forces forced me and 100,000 of my peeps to buy houses we couldn’t afford, to pull all the equity out of those houses when they went up, and to buy a zillion dollars of toys and junk on credit.
It’s not fair, I tell you. We would all have been millionaires if it weren’t for those damned outside forces.
Oh I think history is littered with scum like Soros..Hitler, Mousolini,Amadjihad, Napolian,FDR oh yeah and Obama
We are first to blame, we definitely set ourselves up to give guys like Soros and the Chinese the open door to backdoor us.
It’s the big boys and pros who dominate the sandbox. They have the capital and the network to exploit weakness. Throw enough capital at the market with enough operating skill, plus superior ability to play the rumor and fear/greed game, and you can send the market into a snowballing spiral, up or down. Since fear is stronger than greed, down spirals can really be fierce.
Punching thru the psychology of the market like ‘08 can reverberate onto Main Street, especially with a housing market bubble ripe for the popping. It wouldn’t surprise me at all if this was done, especially if the goal was to get a man elected President.
Here’s another one to add to your reading list. Written back in 1993 before others were talking about it. Seems like the JBS was way ahead of the game once again.
Ironically, the book is entitled “FINANCIAL TERRORISM” - ‘Hijacking America Under the Threat of Bankruptcy’
From the book, Chapter 2.
“The American people don’t want a new world monetary system. They especially don’t want one if it includes propelling our nation into a world government. But powerful influences have been arranging for such an eventuality for over a century”
John F. McManus, 1993
http://www.paperbackswap.com/Financial-Terrorism-Hijacking-John-F-McManus/book/1881919021/
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