Hitting Us Where It Really Hurts

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.

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 the report:

Economic Warfare: Risks and Responses

See also:
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

Let The Games Begin

Like it or not, here come the Republicans, armed with the House majority and subpoena power, ready to investigate the Obama administration and do what they can to roll back the last two years of economically destructive Democrat policies.

Incoming House GOP chairmen have a long list of issues to investigate

House Republican leaders announced plans Monday for congressional investigations into a wide range of issues, from corruption in Afghanistan to Washington’s regulation of private industries, using the power of their new majority to launch probes that could embarrass the Obama administration.

Rep. Darrell Issa (R-Calif.), who will become chairman of the House Oversight and Government Reform Committee when the 112th Congress is sworn in Wednesday, said he would lead six major investigations in the first three months of the year. This is an ambitious undertaking by conventional standards, as congressional investigations often take months to bear fruit.

Issa, who will have power to subpoena government officials to appear before the committee, said he intended to conduct inquiries into the release of classified diplomatic cables by Wikileaks; recalls at the Food and Drug Administration; the role of Fannie Mae and Freddie Mac in the foreclosure crisis; the Financial Crisis Inquiry Commission’s failure to identify the origins of the meltdown; as well as business regulations and alleged corruption in Afghanistan.

Other incoming Republican committee chairmen are planning investigations into the Justice Department’s civil rights division, the radicalization of Muslims in the United States, homeland security grant money and air cargo and port and chemical plant security.

See also:
Issa targets ‘broken bureaucracy’
Darrell Issa asks business: Tell me what to change
Issa and Obama: At Odds, but Not at War
Movers and Shakers: Issa Predicts ‘Constant Battle’ With White House Over Economy
Issa to investigate government regulation, fiscal crisis, WikiLeaks
Issa Sets Sights on WikiLeaks, Government Regulation and Afghanistan for Future Hearings
Will GOP chairmen conduct meaningful oversight?
New GOP oversight chairman calls administration ‘corrupt’
GOPer calls Obama administration ‘corrupt’
What Darrell Issa Means When He Calls the White House “Corrupt”
Democrats tap top Obama lawyer to counter Darrell Issa
Upton may tackle global warming issue more quickly than Issa

After two years of Obama czars and recess appointments, incestuous Chicago and union cronyism, and a Democrat Congress running roughshod over the will of the American people, without any meaningful oversight, there’s a lot of corruption and political dirt that’s been swept under the rug. Now it’s time for some good old fashioned nose rubbing and public embarrassment. In other words, it’s payback time.

/pass the popcorn