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Financial terrorism suspected in 2008 economic crash

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Comment: Islamic militants, China, Russia, Iran, Hugo Chavez, Santa Claus, The tooth fairy, Barney the purple dinosaur – anyone and everyone is to blame, according to the Pentagon, except for the real financial terrorists still running the Federal Reserve and the U.S. Treasury.

Bill Gertz
The Washington Times
March 1, 2011

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 RussiaVenezuela or IranChinese military officials publicly have suggested using economic warfare against the U.S.

Full article here

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This article was posted: Tuesday, March 1, 2011 at 9:58 am





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