Financial terrorism suspected in ‘08 economic crash

[Geee]

Washington Times:

By Bill Gertz-The Washington Times


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.

[Geee]

This article is very interesting. I have said from the beginning ( Oh, that sounds sooo Ernst-sorry)that this economic crisis happened so quickly and at such a strange time that there must be something else behind it. Besides the countries and organizations mentioned in this article, they also mention hedge funds(hmmmmmm!)

[pollyannaish]

I have spent years wondering about this....which is why spending more makes me even more nervous than it usually would. I've always believed that our enemies will exploit every weakness...and debt is certainly a HUGE weakness.

[Argyle58]

'321144']

This article is very interesting. I have said from the beginning ( Oh, that sounds sooo Ernst-sorry)that this economic crisis happened so quickly and at such a strange time that there must be something else behind it.[/b] Besides the countries and organizations mentioned in this article, they also mention hedge funds(hmmmmmm!)

 

Yes, it happened quickly, but that's what happens when bubbles burst. The government had years of warnings from economists that the housing bubble would burst with catastropic results. While I don't discount that there may have been some outside influence that might have had some minor effect of hastening the inevitable, it was still going to happen, sooner than later.