Was someone, or someones, trying to sabotage the economy in 2008?
Forgive my headline grammar, but I needed to get your attention.I post this because, one, it’s red meat for my little mobstas, and two, because it’s a heck of a story. the Washington Times is reporting that financial terrorism is indeed suspected in the 2008 financial meltdown. We’re doomed. We’ve been hoodwinked, bamboozled. They’re trying to run the okey, doke on us. Yes?
The story is now 24 hours old but it bears highlighting, and besides … I’ve been sick, so cut me some slack.
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.
Ahh. But as in any good thrillah, who are the suspects? That’s where this gets good, sort of. Actually, it could a number of folks.
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 militaryofficials publicly have suggested using economic warfare against the U.S.
What no George Soros? Look, who knows. I’m sure he profited from it, as did others. More disturbing is how easily it seemed to happen, and how quickly. Remember how this started? Yes, the report points out poor government oversight and lousing lending practices, coupled with risk sharing that turned out to be risk pawning. But the collapse picked up steam as companies, funds, high net worth individuals all rushed to exits on these securities at the same time, pulling the rug out from under the mortgage backed securities market in a flash. Crash!
Read the whole piece. It’s well balanced and a good education. It also includes statements from Yale’s Paul Bracken, who knows his stuff.
“There were outside players in the market” for unregulated credit default swaps, Mr. Bracken said in an e-mail. “Foreign banks and hedge funds play the shorts all the time too. But suggestions of an organized targeted attack for strategic reasons don’t seem to me to be plausible.”
Hey, I report, you decide. Remember it took many months for the mortgage market to collapse. There was warning. Still that doesn’t mean someone couldn’t have given it a push.
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Hmmm, tear up the economies of the world, setting up countries for the riots we are now seeing, further degrading the economies with the resultant oil price spikes.
Fearless leader, Øbama, has unknowingly provided some free propaganda to groups like the Muslim Brotherhood by hesitating and fumbling with Egypt, an oil poor state, and sending several warships to Libya, an oil rich country.
Shouldn't take whoever is playing this scam to take advantage of that.
Ahhh, those monsters under the bed simply will not go away. Hay, I am just saying, you decide.
The 3 phased attack mentioned above is Chris Dodd, Barney Frank and Goldman Sachs. Chris and Barney had their hands in Freddie Mac, Fannie Mae ( and I will add Sallie Mae to enlighten those without college age children). And didn't Dodd have his fingers in the blind SEC? Oh yeah, and didn't he get caught putting in a safety net for the Wall Street gang – Why yes! He did have language inserted that would deny individuals from taking financial advisors, etc to court.
And Goldman Sachs now has firm control of the Treasury Dept under the guise of helping Timmy Geitner. (This falls under the "screw up and move up" concept of management.)
Don't let these guys try to divert attention to some other parties. And don't let them put a "Truthers" label on those who see the man behind the curtain.
Now – 2 choices:
A. The progressive are trying to get their socialist agenda in place? You know, get everyone into financial slavery and or dependant on the Government or at least into government housing.
B. The progressives were duped and used by the banking industry and will take alot of blame.
Now the Republicans have a part here as well. They will break the unions for big business (and the banks). This will cause a drop in US workers wages and more profits for business. This is when Repubs get thrown under the bus.
Now the American people are given a glimmer of hope by state TV – a product of Chris Dodd's Motion Picture Association of America – US businesses can now compete globally and Americans can now make "Made in America", feel good about themselves and regrow the economy. They will again organize unions to…….
And the bankers go unscathed.
And so goes the circle of life….
Call me paranoid… but not if I'm right.
The US has enemies that want to ruin us (physically, emotionally, economically)??? This can't be true…Columbia college students say so. ;P
I definitely think this could be possible. There are people out there that want to destroy the US and have thought of many crafty ways to do it. Economic and financial warfare makes just as much sense as chemical, biological, technological, cyber, guerrilla, etc.
with friends like Sen Scummer D NY and Rep Barney Faggs D MA, I'm sure that Isreal and Wall St bankers got their due share as well.
Seems to me that the expiration date for "It's Bush's fault" has been reached.
"Evidence outlined in a Pentagon contractor report suggests that financial subversion carried out by unknown parties".
Watch the other hand people.
Just because you are paranoid doesn't mean they aren't out to get you…
The Pentagon report states that … the first two phases of an attack on the U.S. economy took place from 2007 to 2009 and “based on recent global market activity, it appears that the predicted Phase III may be underway right now.”
The report states that federal authorities must further investigate two significant events in the months leading up to the financial crisis.
The first phase of the economic attack, the report said, was the escalation of oil prices by speculators from 2007 to mid-2008 that coincided with the housing finance crisis.
Hmmm, it's March 2, '11. Oil prices shooting through the roof again and a housing market in severe decline still, double-dipping, in fact. Just think what another "little push" will do?
The answer: Go ask your parents & grandparents what the Great depression was like!
As for the main culprits? <a title="HAMP – Help or Hurt" href="http://www.washingtontimes.com/news/2011/mar/1/obamas-helping-hand-hoodwinks-homeowners/" rel="nofollow">Look at the swell new Chief of the MPAA, the Marble-mouth in Massachusetts, and the man in that big house with the white pillars
Wanna see the long term effects here – globally.
http://www.indexmundi.com/commodities/?commodity=… This is Iron Ore over 10 years. Then go to Coal – Australian, Then Crude oil (petroleum)- Dated Brent, then Commodity food prices.
One wave after another ! a logical progression – toward disaster. Notice along the way the percent changes over the 10 years OMG !!
Our standard of living is higher than most in the world and we have faired better than most. http://notes.bread.org/2011/02/rising-food-prices…
Wake up and be ready.
Socialism: making us all equally miserable. Except for our progressive overlords, who are more equal than others.