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Financial terrorism suspected in 2008 economic crash
The Washington Time ^ | 2/28/2011 | Bill Gertz

Posted on 03/01/2011 6:12:36 AM PST by KosmicKitty

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.

(Excerpt) Read more at washingtontimes.com ...


TOPICS: Business/Economy; Extended News; Foreign Affairs
KEYWORDS: 091508; 092808; economic911; economy; terrorism; wot
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Wouldn't surprise me at all. Big part of our strength as a country is our economy.

The 9/11 terrorist didn't target Wall Street for nothing. They know our economy is our strength too

1 posted on 03/01/2011 6:12:38 AM PST by KosmicKitty
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To: KosmicKitty

What, Soros isn’t on the list? I would have considered him a prime suspect.


2 posted on 03/01/2011 6:14:43 AM PST by Armando Guerra
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To: KosmicKitty

Look to our domestic enemies and their financiers first. As the Great Clinton said about campaign finance violations, “Mistakes were made but we had a tough campaign to win (to overthrow 12 years of Republican rule).”

The ends always justify the means for Democrats.


3 posted on 03/01/2011 6:15:51 AM PST by treetopsandroofs (Had FDR been GOP, there would have been no World Wars, just "The Great War" and "Roosevelt's Wars".)
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To: KosmicKitty
Since America is an ‘open’ society, we can (should have) expected enemies of this country to interfere with our internal politics/economy, etc.

It was just a matter of time! The trick now is to prevent FURTHER interference from outside (with or without the home-grown traitors who assist our enemies)

4 posted on 03/01/2011 6:16:58 AM PST by SMARTY (Conforming to non-conformity is conforming just the same.)
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To: KosmicKitty

Where’s Kanjorski? I always wanted him to explain the missing $500B.


5 posted on 03/01/2011 6:17:11 AM PST by griswold3 (Second law of thermodynamics. Are we there yet?)
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To: KosmicKitty

This storyline works for the Obama Administration on SOOOOO many different levels....

- takes the blame off of the banks and Wall Street firms that have been supporting Obama

- also deflects attention away from his buddy Soros

- gives them a legion of “Homeland Security” excuses to engage in massive new regulation of the economy


6 posted on 03/01/2011 6:19:02 AM PST by Buckeye McFrog
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To: KosmicKitty
Three points:

1) In March of 2008, a report went out that the US financial system was likely to collapse in Sept 2008. What's up with that?

2) When McCain/Palin pulled ahead of Obama/Biden in national polls, the entire US economy seemed to suddenly go into collapse. The net result seemed to be that voters wanted Republicans out of the White House. Mightly convenient.

3) We've spent a couple trillion dollars recovering from this terrorist attack. Did we really need to? Would we do so again? What have we done to protect ourselves from this sort of attack?

7 posted on 03/01/2011 6:19:21 AM PST by ClearCase_guy
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To: KosmicKitty

Is this the mysterious 2 Trillion dollars that diaappeared and we have yet to find who the US Treasury paid off? Ask Geo. Soros because he probably knows.


8 posted on 03/01/2011 6:19:53 AM PST by kittymyrib
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To: KosmicKitty

And the economic crash in 2008 influenced the elections.


9 posted on 03/01/2011 6:20:04 AM PST by ConjunctionJunction
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To: KosmicKitty

“Unknown parties”???

Try Obama and the Clintons, along with the democratic party and american muslims.


10 posted on 03/01/2011 6:23:00 AM PST by Hardraade (I want gigaton warheads now!!)
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To: KosmicKitty

I’ve always had a problem with public nudity. Ban naked shorts. Not that WS ever plays by the rules.


11 posted on 03/01/2011 6:23:18 AM PST by A Strict Constructionist (Oligarchy...never vote for the Ivy League candidate.)
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To: Buckeye McFrog

Wall Street contains many ‘elite revolutionaries’ that believe they can best run the system.
Jamie Dimon, Jeff Immelt, etc are well know ‘progressives’.

Everybody wants to rule the world!


12 posted on 03/01/2011 6:25:20 AM PST by griswold3 (Second law of thermodynamics. Are we there yet?)
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To: KosmicKitty

Some congresscritter from Pennsylvania said in 2008 we were financially attacked. FR listened but nobody else did.


13 posted on 03/01/2011 6:26:41 AM PST by DJ MacWoW (America! The wolves are at your door! How will you answer the knock?)
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To: KosmicKitty

KK - you stole my thunder! Just logged on to Drudge and saw this...thanks for posting as I’m still not very good at it.

I think this is big - even Rush has made note of this and a congress critter brought it up right after the election but got nowhere.
I suspect Soros and powers abroad to influence the ‘08 election - with complicity from the Obama admin...

Yes, I do think there are commies under my bed!


14 posted on 03/01/2011 6:33:37 AM PST by matginzac
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To: KosmicKitty
Officials, who spoke on the condition of anonymity, said senior Pentagon policymakers, including Michael Vickers, an assistant defense secretary in charge of special operations, blocked further study, saying the Pentagon was not the appropriate agency to assess economic warfare and financial terrorism risks.

Just as I figured all along. It was probably partially an inside job perpetrated by the Democrat/Progressive/Marxist element in concert with "outside". Vickers must be covering for his political soulmates/co-conspirators. I suspect that Soros is waist deep in this also.

15 posted on 03/01/2011 6:36:41 AM PST by RatRipper (I'll ride a turtle to work every day before I buy anything from Government Motors.)
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To: KosmicKitty

Without a shred of evidence, or even a metric to distinguish “financial terrorism” from simply pointing out that the US homeowner was, on average, insolvent, I have to put this in the CRAZY CONSPIRACY THEORY category.

What are they even alleging???


16 posted on 03/01/2011 6:36:47 AM PST by babble-on
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To: RatRipper

you are insane


17 posted on 03/01/2011 6:40:04 AM PST by babble-on
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To: ClearCase_guy

I’ve always felt that the 2008 financial collapse was the “October Surprise”, executed one month early but with the same effect.


18 posted on 03/01/2011 6:41:49 AM PST by 2nd Bn, 11th Mar (The "p" in Democrat stands for patriotism.)
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To: Armando Guerra

Me, too. Soros would be at the top of my list of suspects.

This always seemed to me to be a deliberate attempt to destroy our economy...and influence a Presidential election, and it worked. I think the bail-outs only enhanced the problem. definitely evil forces at work.


19 posted on 03/01/2011 6:45:24 AM PST by KEmom (Proud to be a Mama Grizzly!!!)
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To: griswold3

He is busy counting it on his new private island off of Viet Nam.


20 posted on 03/01/2011 6:47:42 AM PST by mad_as_he$$ ( "Hokahey, today is a good day to die!" Crazy Horse, Lakota Sioux)
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