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Home Front: WoT
Economic Warfare: Pentagon report
2012-01-06
2009 report, backup for the Gaffney article also posted here today. Excerpt from the Executive summary
Serious risks to the global economic system were exposed by the crisis of 2008,raising legitimate questions regarding the cause of the turmoil. An estimated $50trillion of global wealth evaporated in the crisis with more than a quarter of thatloss suffered by the United States and her citizens. A number of potential causative factors exist, including sub-prime real estate loans, a housing bubble, excessive leverage, and a failed regulatory system. Beyond these, however, the risks of financial terrorism and/or economic warfare also must be considered. The stakes are simply too high for these potential triggers to be ignored.

The Obama administration's recent call for greater financial regulation stipulates to thefacts that hedge fund activity has been virtually unregulated and that dark-pool trading,Credit Default Swaps, and naked short selling provide tremendous vulnerabilities in thesystem. This report concurs with these concerns as recently outlined by the heads of the SEC, US Treasury, and Federal Reserve and provides supporting data.

The hypothesis under consideration is that a three-phased attack is underway with two of those phases completed to date.

- The first phase was a speculative run-up in oil prices that appears to have begun in 2007 and lasted through through June 2008.

- The second phase appears to have begun in 2008 with a series of bear raids targeting U.S. financial services firms that appeared to be systemically significant.

- The risk of a Phase Three has quickly emerged, suggesting a potential direct economic attack on the U.S. Treasury and U.S. dollar.
Beyond that, this report exposes the fact that these vulnerabilities are subject to exploitation not only by greedy capitalists seeking profit but also by financial terrorists, intent on destroying the American financial system. From a historical perspective, there are numerous examples of financial attacks onspecific companies and industries both for economic and non-economic reasons. Inaddition, there are other examples of financial attacks conducted against individual nations both for economic and non-economic reasons. Based on this awareness, the economic collapse of 2008 must be critically examined to determine the possibility that afinancial attack took place as well as an assessment of future risks.

The purpose of this report is to consider the implications of financial terrorism and/or economic warfare and to identify and realistically list prospective threats toU.S. economic security from a means, motive, and opportunity perspective. The preliminary conclusions of the research suggest that, without question, there were actors who had the motive to harm the U.S. economy. These motives can be categorized as both economic and non-economic. In addition, these same actors have clearly demonstrated the means to carry out such an attack. Finally, the opportunity was clearly present given the existing economic condition and regulatory framework in operation.

The hypothesis under consideration is that a three-phased attack is underway with two of those phases completed to date.

- The first phase was a speculative run-up in oil prices that generated as muchas $2 trillion of excess wealth for oil-producing nations, filling the coffers of Sovereign Wealth Funds, especially those that follow Shariah Compliant Finance.This phase appears to have begun in 2007 and lasted through June 2008.

- The second phase appears to have begun in 2008 with a series of bear raids targeting U.S. financial services firms that appeared to be systemically significant.

- The risk of a Phase Three has quickly emerged, suggesting a potential direct economic attack on the U.S. Treasury and U.S. dollar.
Posted by:

#2  Interesting. I suppose we should be grateful it happened now, instead of later, when even larger sums could be destroyed.
Posted by: trailing wife   2012-01-06 21:46  

#1  I knew it was fraud years ago in fact all of it where have they been? It's not warfare when Wall Street and Washington are doing it together!
Posted by: Pearl Hupeter3505   2012-01-06 16:08  

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