Financial terrorism suspected in 2008 economic crash

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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.”

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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.

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Paul Bracken, a Yale University professor who has studied economic warfare, said he saw “no convincing evidence that ‘outside forces’ colluded to bring about the 2008 crisis.”

http://www.washingtontimes.com/news/2011/feb/28/financial-terrorism-suspected-in-08-economic-crash/

[ready4ONE 5,400]

Paul Bracken is most likely correct.

[one...two...tree 2,762]

Lord help us.

[mawilson 2,133]

"Never ascribe to malice that which can be adequately explained by incompetence."

[Obama 2012 1,714]

Outside forces have had their hands on the US economy ever since we went global.

Just look at who exactly invests in/owns a stake in the Federal Reserve.

Terrorism caused it? If by terrorism you mean 'domestic.' - See: Alan Greenspan, Larry Summers, etc and their efforts to create the debacle that is the derivatives market.

[JohnSmith2007 353]

Lord help us.

It must have been the Koch brothers. That is your latest boogie man isn't it?

[Nikita2Charles 32]

I would say DOMESTIC TERRORISM, but the problem they are all bankers and they OWN WASHINGTON and CONGRESS included. NOBODY WILL GO TO JAIL FOR THEIR CRIME AGAINGS THE AMERICAN PEOPLE.

GREED IS NOT A CRIME, PROFITING is not a crime, but Getting the taxpayers to Foot up the bill for their reckless act and losses, THAT"S A CRIME

That must be a TYPICAL REPUBLICAN answer, not the big banks, it's always easy to point fingers at others and not take responsibility.

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Stop yelling.

[Ban Hammer 13,399]

Stop yelling.

yeah, but have to agree with him.

[luckytxn 2,264]

I would say DOMESTIC TERRORISM, but the problem they are all bankers and they OWN WASHINGTON and CONGRESS included. NOBODY WILL GO TO JAIL FOR THEIR CRIME AGAINGS THE AMERICAN PEOPLE.

GREED IS NOT A CRIME, PROFITING is not a crime, but Getting the taxpayers to Foot up the bill for their reckless act and losses, THAT"S A CRIME

That must be a TYPICAL REPUBLICAN answer, not the big banks, it's always easy to point fingers at others and not take responsibility.

Wow. You were almost batting a thousand there, Yes its is typical republican but especially Socialist. Most all modern economics come from Keynes who was a Fabian Socialist. Keynes knew the only way to make his scheme to work fully and bring about true Socialism in this country fully was to get the U.S. to come off of the gold standard and go with paper currency only. A GOP president signed into law in 1971 taking us off the gold standard. Doing so was the only way to force the U.S. into a lower standard of living and allow others to catch up.

[Trumplestiltskin 5,791]

Wow. You were almost batting a thousand there, Yes its is typical republican but especially Socialist. Most all modern economics come from Keynes who was a Fabian Socialist. Keynes knew the only way to make his scheme to work fully and bring about true Socialism in this country fully was to get the U.S. to come off of the gold standard and go with paper currency only. A GOP president signed into law in 1971 taking us off the gold standard. Doing so was the only way to force the U.S. into a lower standard of living and allow others to catch up.

What are you smoking? Keynes died in 1946. Speculating that a British economist somehow had some nefarious agenda to socialise american society is utterly ridiculous.