Posted on 03/01/2011 6:06:32 AM PST by KosmicKitty
Bill Gertz has an article running in this morning’s Washington Times, “Financial terrorism suspected in ’08 economic crash,” on a report prepared by the Department of Defense in June 2009. In the report, financial analyst Kevin Freeman argues that the 2008 economic crisis was assisted by outside forces. What the study (which we are providing a copy of exclusively here at PJ Tatler at the conclusion of this post) investigates is how outside forces could have helped things along by manipulating oil prices, naked short selling of U.S. financial firms (e.g. Bear Stearns), and attacking the U.S. dollar. Gertz reports:
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.
(Excerpt) Read more at pajamasmedia.com ...
The meltdown was all part of “The Plan”. It worked and we’re screwed.
Black helicopter alert is missing.
Dug out my tinfoil hat...
> naked short selling of U.S. financial firms
But it was OK to do naked short selling on every other type of firm...
Soros.
9/11 lead to a bunch of dead radical muslims.
9/08 lead to a muslim in the White House.
Barney Frank, Chuck Shumer and Chris Dodd cooked it all up. they manipulated Fannie and Freddie and played with mortgages. If anybody is to get the blame for what happened in 2008, I’d start there.
> The meltdown was all part of “The Plan”. It worked and we’re screwed.
I completely agree. I knew it when it happened.
George Soros is still under indictment in Russia for destroying their currency. The Rouble went from 6 per dollar to 16 per dollar in a few months. Soros was selling the Russian currency short.
Too bad we don’t have an extradition treaty with Russia.
But if the Russians want him badly enough, they can probably get him.
But the damage is done in Russia, and now they get to gloat as Soros wreaks the same kind of havoc with our economy.
After the re election of GWB in 2004, there was a viral email directing leftists to get revenge by maxing out their credit cards or other financial instruments and walk away. The beginning of the end was the ninja loans.
There was no way that Bush could have prevented what happened to the economy in 2008.
This was gonna happen sooner or later because of the reckless government spending, the massive amounts of unfunded liabilities in the states and the federal government, the perfect storm of the collapse of the housing market which still is struggling mightily, the national debt, the billions we were borrowing from China and are still borrowing, plus the fact that we were involved in two wars.
So it was gonna happen. The only question was when.
It was just unfortunate that it happened to Bush.
However, much of the blame should be placed on wrong headed and lax fiscal policies done under previous democrat administrations.
Well-stated. And the timing of how it all went down makes it abundantly clear that the whole thing was orchestrated for exactly that result.
setting the table for Obama to use “homeland security” as an excuse to massively regulate the economy
Funny I thought Phil gamma financial modernization act may have just a little to do with it. Much of what occcured was illegal before the act.
George Soros.
He crashed the Asian markets in the 1990’s. Look it up.
SOROS.
I think it was this guy.
In order for a country to be a dominant force on the world stage, it needs four things:
1) A strong military
2) A strong economy
3) Access to natural resources
4) Access to technology
Looks like we’re out 3 right now. We can blame BO, but who’s the power behind that throne?
Agreed. But this goes way back...to LBJ and then Carter's CRA (community reinvestment act). And in 1996 it got put on steroids and '08 was the culmination of some pretty bad decisions and more than likely, some corrupt decisions.
And how is it that mortgage debt eventually got into the hnads of Wall Street? To me, this is problematic.
Yep, I agree.
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