Pentagon Contractor Blames Financial Crisis On Terrorists

FCIC logoDoes the author of this report really expect anyone to believe that the never-ending financial crisis was caused by “outside forces” rather than the very obvious culprits on Wall Street and in Washington? The Washington Times has obtained a Pentagon contractor report suggesting exactly that, however unlikely it may seem:

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.

Michael G. Vickers, assistant secretary of defense for special operations, said the Pentagon was not the appropriate agency to assess economic warfare and financial terrorism risks. (Associated Press)
In an interview with The Times, Mr. Freeman said his report provided enough theoretical evidence for an economic warfare attack that further forensic study was warranted.

“The new battle space is the economy,” he said. “We spend hundreds of billions of dollars on weapons systems each year. But a relatively small amount of money focused against our financial markets through leveraged derivatives or cyber efforts can result in trillions of dollars in losses. And, the perpetrators can remain undiscovered.

“This is the equivalent of box cutters on an airplane,” Mr. Freeman said…

[continues in the Washington Times]

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11 Responses to Pentagon Contractor Blames Financial Crisis On Terrorists

  1. Haystack March 2, 2011 at 10:00 am #

    Al Qaeda is putting hallucinogenic substances in our bankers’ water!

    • WhiteRose March 2, 2011 at 11:00 am #

      Well when you have to go to work everyday and worry some nutter terrorist is going to show up you would probably be taking the blue pills too…. Eh if they put it in the water then no need pay :) Unless it’s that $10+ expensive bottled water…

  2. Haystack March 2, 2011 at 2:00 pm #

    Al Qaeda is putting hallucinogenic substances in our bankers’ water!

  3. Cs March 2, 2011 at 10:49 am #

    It could be true but it’s not outside forces it’s the US government who planned it all

  4. Cs March 2, 2011 at 2:49 pm #

    It could be true but it’s not outside forces it’s the US government who planned it all

  5. WhiteRose March 2, 2011 at 10:56 am #

    Oh and lets thank the Swiss again for selling N. Korea the same printing press we use. N. Korea makes super notes that are sold in bulk to terror organizations, drug cartels etc. Then all the money made off of identity theft….

  6. WhiteRose March 2, 2011 at 2:56 pm #

    Oh and lets thank the Swiss again for selling N. Korea the same printing press we use. N. Korea makes super notes that are sold in bulk to terror organizations, drug cartels etc. Then all the money made off of identity theft….

  7. WhiteRose March 2, 2011 at 3:00 pm #

    Well when you have to go to work everyday and worry some nutter terrorist is going to show up you would probably be taking the blue pills too…. Eh if they put it in the water then no need pay :) Unless it’s that $10+ expensive bottled water…

  8. REv Green April 20, 2011 at 12:38 pm #

    I note the writers name with interest

  9. REv Green April 20, 2011 at 12:38 pm #

    I note the writers name with interest

  10. REv Green April 20, 2011 at 8:38 am #

    I note the writers name with interest

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