Financial terrorism suspected in 2008 economic crash

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.

Read full story here

1 Comment

  1. Andrew McCleese

    March 1, 2011 at 8:00 pm

    Let me be the first to say, “yeah right”… the only terrorist in play here were Paulson, Bernanke, Greenspan, the White Shoe Boys of the Merrill Lynch Mob and the Goldman Gansters bidding up both sides of CDO bubbles. This is total nonsense to try and seize upon the results of disaster fascist monetarism and claim it was a result of foreign enemies. Like always, a crisis is spun by the military-industrial complex and the political machine to advance an agenda. There was a design and financial terrorism involved alright, and the MEGA-criminals who are behind it run our government and financial system and are still walking around as free men wearing $5,000 suits with the phony aura of prestige.

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