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Economic Warfare: Pentagon report | ||
2012-01-06 | ||
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 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. | ||
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#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 |