Wednesday, March 2, 2011

Pentagon reveal financial terrorists may have triggered economic crash

Attack: The report concludes that state or terrorist organisations contributed to the collapse of the U.S. financial system through a series of targeted financial attacksTerrorists and other 'financial enemies' were likely responsible for the near collapse of the U.S. financial system in 2008, a new Pentagon report has concluded.

The 2009 report, Economic Warfare: Risks and Responses, said financial terrorism by Jihadists or countries such as China may have cost the global economy $50 trillion in a series of co-ordinated strikes against the U.S. economy.

In an astonishing conclusion, the report claims two unidentified traders deliberately devalued trillions of dollars' worth of stocks at the height of the crisis.

The report also concludes that untraceable actors undertook a three-tiered attack beginning in 2007, and that 'Phase III [of the attack] may be under way right now.'

'In addition, these same actors have clearly demonstrated the means to carry out such an attack.

'There is sufficient justification to question whether outside forces triggered, capitalised upon or magnified the economic difficulties of 2008.'

The report concluded that: 'Without question, there were actors who had the motive to harm the U.S. economy.

The report was commissioned in early 2009 by the Pentagon's Irregular Warfare Support Program - which prepares U.S. government and military agencies for emerging non-traditional threats.

Its author, economic analyst Kevin Freeman, published it in June 2009 before passing it on to investigators at the Financial Crisis Inquiry Commission in November 2010.

Although never classified, sources indicated that the report emerged only after concerned Congressmen and Defence Department officials highlighted its existence to media sources.

Speaking to MailOnline, a source close to the report added: 'It is my understanding that people in the DoD and government officials thought this should be brought to public attention.'

Speaking to the Washington Post, Mr Freeman said that American security forces needed to address vulnerabilities in the U.S. financial system.

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.

'This is the equivalent of box cutters on an air plane.'

When asked who he thought may be responsible for the attacks, Mr. Freeman added: 'Unfortunately, the two major strategic threats, radical jihadists and the Chinese, are among the best positioned in the economic battle space.' ...

via Pentagon reveal financial terrorists may have triggered economic crash | Mail Online.

I thought the housing crash caused it.

 

8 comments:

marjoriekaye said...

I think so too--at least they built the house of cards and maybe someone blew on it.

kevin said...

I'm sure it was the Unions coordinated with the Teachers to maintain their stranglehold of greed and power! It's interesting to watch the volume be turned up on finger pointing as the country gets closer to the drain. Let's see if they declare another war since the first 3 or 4 weren't the ones that "took".

Patrick said...

While we're at it-- Jihadists were also responsible Hurricane Katrina. And for fellating former president Bill Clinton. And for my fucked up scrambled eggs.

Xeno said...

Sounds like no one here is buying the blame game. I know why, too: They need a more Chinese looking guy grinning just as bit more while shaking hands with a broadly grinning Jihadist in front of more dramatic market crashing graphics.

kevin said...

HA! I didn't even notice that!

Mirlen101 said...

The housing market got way bloated that was obvious at the time ! I get sick of this bull " Who Knew ? " How could you NOT know ! ? Obviously houses and real estate were selling for way more then they were worth ! Creating a glass ceiling that had to come down ! There were other factors though .
China ? I don't think so . If they did they were only testing for the future . We are their best customers and they know it ! Do you shoot your best customer ?
Terrorists ? Now that is a very likely possibility ! I assumed they would do something to the stock market from the get go when the twin towers went down . They are not stupid . If I wanted to disrupt the USA that's what I would do . Cause stock market instability ! Who would do this ? Bin Laden has been reported as having early ties to the stock market even way before the 911 disaster ! It was said that he dumped stocks right before the disaster ! Wouldn't you ? Even if you weren't trying to bring down the stock market you would bail to save your stock ! He and his family and associates are worth many billions or more !
So yes the housing etc .. did the most damage but the 911 stock manipulations also caused the downward spiral ! A real no brainer !

arjay001 said...

And...here we go "again" with the price of fuel. Alot depends on the cost of transportation. I feel the country is close to dry for this milking. Maybe they will push us over the edge this time.

financial terrorism = financial manipulation

Find out where the money goes when the markets crash.

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