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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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To: babble-on

I downloaded the report done for the DOD but it’s 111 pages & I have a paper to write for class tonight so I won’t be getting it read today.

As I posted on the other thread on this topic, to be a player on the world stage, a country needs 4 things:

1) A strong military
2) A strong economy
3) Access to natural resources
4) Access to technology

With 3 down, we’re not looking so good, no matter who’s to blame.


21 posted on 03/01/2011 6:47:49 AM PST by KosmicKitty (WARNING: Hormonally crazed woman ahead!!)
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To: DJ MacWoW; griswold3; KosmicKitty

http://www.freerepublic.com/focus/f-chat/2549659/posts


22 posted on 03/01/2011 6:50:38 AM PST by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: ClearCase_guy
Well, you can always blame Legatus.

LOL

When one looks for blame for the crash, look no further than the insolvent US citizen.

23 posted on 03/01/2011 6:51:38 AM PST by Palter (If voting made any difference they wouldn't let us do it. ~ Mark Twain)
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To: KosmicKitty
On a related note....

Thursday, October 28, 2010 Federal Reserve Asks Primary Dealers How Much QE2 They Would Like

24 posted on 03/01/2011 6:52:55 AM PST by mewzilla (Hey, Schumer, your Lockerbie report left quite a bit out.)
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To: KosmicKitty
Rep. Kanjorski: $550 Billion Disappeared in "Electronic Run On the Banks" ( Sept 15,2008)
25 posted on 03/01/2011 6:58:21 AM PST by evets (beer)
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To: KosmicKitty

So, I guess the 2008 economic collapse was not Bush’s fault after all? Then that makes all of obama’s statements blaming Bush false on their face!


26 posted on 03/01/2011 7:00:59 AM PST by Real Cynic No More (The mighty zero, obama,does not warrant the respect necessary for his name to be capitalized.)
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To: Toddsterpatriot
Seeking Alpha differs from other finance sites because it focuses on opinion and analysis rather than news,
27 posted on 03/01/2011 7:00:59 AM PST by DJ MacWoW (America! The wolves are at your door! How will you answer the knock?)
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To: KosmicKitty

The US financial crisis began more than a year earlier.


28 posted on 03/01/2011 7:02:42 AM PST by babble-on
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To: KosmicKitty

Yeah...it started in 2006 when the Democrats assumed Congress and the power of the purse.


29 posted on 03/01/2011 7:04:33 AM PST by mo ("If you understand, no explanation is needed; if you do not, no explanation is possible")
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To: Hardraade

How on Earth would American Muslims engineer a financial meltdown when they have very very little influence in American finance and Wall Street in general.

Having people in homes they could not afford “the ownership society” that Dubya and Rove pushed, is what caused the collapse.

I am curious to hear your theory


30 posted on 03/01/2011 7:06:35 AM PST by MadIsh32 (In order to be pro-market, sometimes you must be anti-big business)
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To: Hardraade

How on Earth would American Muslims engineer a financial meltdown when they have very very little influence in American finance and Wall Street in general.

Having people in homes they could not afford “the ownership society” that Dubya and Rove pushed, is what caused the collapse.

I am curious to hear your theory


31 posted on 03/01/2011 7:06:41 AM PST by MadIsh32 (In order to be pro-market, sometimes you must be anti-big business)
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To: Hardraade

How on Earth would American Muslims engineer a financial meltdown when they have very very little influence in American finance and Wall Street in general.

Having people in homes they could not afford “the ownership society” that Dubya and Rove pushed, is what caused the collapse.

I am curious to hear your theory


32 posted on 03/01/2011 7:06:46 AM PST by MadIsh32 (In order to be pro-market, sometimes you must be anti-big business)
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To: KosmicKitty

Gosh I’d really have to rummage back through stuff and last time I checked lots of links were gone/scrubbed already...

...but ...yeah I said this way, way back.

The crash was several years in the making and as far as I researched at the time the folks had one thing in common with 9/11. Their nationality.

Having a Glenn Beck moment here!!!


33 posted on 03/01/2011 7:08:34 AM PST by EBH ( Whether you eat your bread or see it vanish into a looter's stomach, is an absolute.)
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To: KosmicKitty

The economic collapse of 2008 was caused by 2 things.

1. Gas prices hit all time highs thanks to speculators (Soros & Co.) and our friends in the middle east.

2. Thousands of home owners that were given sub prime loans that they couldn’t afford by Freddie and Fannie defaulted because they couldn’t pay their mortgage and the High energy (gas) prices.

I fully believe that the 2008 collapse was perpetrated on us by anti-Bush and anti-American interests. Now those interests are in control and pressing home their attack on our way of life.


34 posted on 03/01/2011 7:09:53 AM PST by BobinIL
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To: DJ MacWoW
You bet. And if you have any facts (you won't have any from Kanjorski) please post them so we can discuss.
35 posted on 03/01/2011 7:10:17 AM PST by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: Toddsterpatriot
Not being a member of congress I have no inside information. Neither does your source. It was opinion and speculation.

Have a nice day.

36 posted on 03/01/2011 7:12:24 AM PST by DJ MacWoW (America! The wolves are at your door! How will you answer the knock?)
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To: KosmicKitty

This event has caught the attention of a real reputable journalist. I read the Wash Times because they run stories that all the rest of the papers/tv won’t. LOTS of interesting things going on. Bill Gertz usually covers stories dealing with national defense and the military. Doesn’t make stuff up like the rest of them.
Hope he continues to get to the bottom of this.


37 posted on 03/01/2011 7:12:34 AM PST by Texas resident (Hunkered Down)
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To: DJ MacWoW
Not being a member of congress I have no inside information.

Neither did Kanjorski.

38 posted on 03/01/2011 7:17:38 AM PST by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: babble-on
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.

WORTH REPEATING.

39 posted on 03/01/2011 7:24:48 AM PST by Moleman
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To: Bigg Red

MARK


40 posted on 03/01/2011 7:31:39 AM PST by Bigg Red (Palin in 2012)
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