Posted on 03/01/2011 6:34:22 PM PST by RobinMasters
Pajamas Media gives an exclusive look at an analysis prepared for the Department of Defense’s Irregular Warfare Support Program (IWSP) by Cross Consulting and Services in 2009 that alleges that the economic meltdown in 2008 was no accident. Kevin Freeman argued that a run-up of speculation by sovereign-wealth funds created a bubble in the oil industry that allowed bear raids on American financial institutions, using credit swaps and other non-regulated investment instruments to crash the US financial system. Bill Gertz reported on the analysis today for 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.”
(Excerpt) Read more at hotair.com ...
How can you not make the case for a conspiracy on this?
Economic terrorism against the United States.
Chakra Hammer on September 29, 2008 at 6:33 AM
very true..bet their kids college funds didnt go down the tube with grandma’s small fund. looking for a repeat soon.
Thanks for finding that.
________________
Here is a transcript of what Rep Kanjorski says in the video:
On Thursday Sept 15, 2008 at roughly 11 AM The Federal Reserve noticed a tremendous draw down of money market accounts in the USA to the tune of $550 Billion dollars in a matter of an hour or two.
Money was being removed electronically.
The treasury tried to help with $150 Billion.
But could not stem the tide.
It was an electronic run on the banks
The treasury intervened but had they not closed down the accounts they estimated that by 2 PM that afternoon. Within 3 hours. $5.5 Trillion would have been withdrawled and collapsed and within 24 hours the world economy.
My only two questions would be, why then ?!?; and WHO’s accounts were ‘closed down’ ?!? I seriously doubt I’ll ever know the answers to these simple questions, but it would be nice if SOMEBODY with subpoena power would try to find out, eh?
Sabotagers probably wouldn’t want to embarrass a Democrat president. That doesn’t mean the market could not go way south of its own accord, due to such things as losing a major chunk of global oil production to Mideast unrest.
Bush was either naive or mistaken in many of his appointments. His Treasury Secretery, Paulson, was the former CEO of Goldman Sachs, and was basically working with the Democrats in congress and with Obama.
So, yes, it started under Bush.
Bush did try to repeal or revise CRA and rein in Fannie and Freddie, but he didn’t try hard enough or go public enough. The Democrats basically rode all over him.
Yes. I think it was.
Economic Terrorism
Barney Frank, Chris Dodd, Maxine Waters, Obama, Franklin Raines, Gorelick, (lots of Dems that blocked the Fannie/Freddy reform legislation in committee), its to much of a conspiracy to just be negligence and ignorance.
I want to see congressional commissions into this, NOT just this report that i think is just Puff&FLUFF and puts Obama out of reach, we need Obama to answer for his Freddy/Fannie dirty dealings.
Dont forget about Lehman..
Wall Street’s Collapse to Be Mystery Forever
WTH is Chakra Hammer, what did he or she do on Sept. 29 at 6:33 AM (exactly?), and why do I care?
Please don't be so elliptical and cryptic. It's annoying.
dont know, but the person called economic terrorism before the election.
Looks to me like Iraq is being surrounded and it doesnt look like the communist democrats here mind economy going south. We are already slaves to the politicians.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.