Whether or not “outside forces” were a factor in our 2008 economic meltdown, in the age of cyber warfare, the possibility of such an attack on the U.S. financial infrastructure is a scenario worth paying extremely close attention to. It’s a huge target, it’s far from invulnerable, and the potential for crippling economic damage and chaos cuts to the core of our very way of life.
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 the report:
Financial Terrorism Suspected in 2008 Economic Crash
Did ‘financial terrorism’ cause the economic crash?
Did China or Jihadists try to bankrupt America? Pentagon report reveals financial terrorists may have triggered economic crash
Report: Economic 9/11 May Have Taken Place
Financial terrorism suspected in 2008 economic crash
Was the U.S. a victim of an economic 9/11 in 2008?
Blame Terrorists, Not Wall Street, for the Recession?
If you think about it, there’s very little that could be called a paper trail regarding today’s financial records and transactions world wide, it’s all manipulated and stored electronically at a speed and complexity that defies human oversight.
/definitely a fertile battlespace for a sophisticated enemy looking to bring the United States down on her knees in financial pain
Filed under: Blog Entry | Tagged: 2009 Report, Attack, Bill Gertz, Capitalized Upon, Chinese Military, Chinese Military Officials, Contractor, Contributed, Covertly, Cyber-Warfare, Domestic Economic Factors, Economic Analysts, Economic Crash, Economic Difficulties, Economic Factors, Economic Meltdown, Economic Warfare, Economic Warfare: Risks And Responses, Economy, Evidence, Federal Government, Federal Regulation, Final Report, Financial Analyst, Financial Crisis Inquiry Commission, Financial Enemies, Financial Subversion, Financial Terrorism, Global Economic System, Government, High-Risk Mortgage Lending Practices, Hostile Nations, Iran, Islamic Terrorists, Kevin D. Freeman, Magnified, Middle Eastern States, Near Collapse, New Element, Normal Downturn, Organized Crime Groups, Outside Forces, Pentagon, Pentagon Contractor, Planned, Poor Federal Regulation, Poor Supervision, Report, Russia, Sufficient Justification, Supervision, Suspected, Suspects, Terrorism, Terrorists, Three-Phased Attack, Triggered, U.S. Financial Infrastructure, U.S. Financial System, Unclassified, United States, United States Economy, Unknown Parties, Venezuela, Vulnerabilities, Washington Times |