An Economic Pearl Harbor?

Financial terrorism suspected in 2008 economic crash

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.”…

…“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…

…Officials, who spoke on the condition of anonymity, said senior Pentagon policymakers, including Michael Vickers, an assistant defense secretary in charge of special operations, blocked further study, saying the Pentagon was not the appropriate agency to assess economic warfare and financial terrorism risks…

You’d think this would be the screaming headlines on every media outlet, but it is not. This report was completed in 2009 but now someone in the Pentagon or Department of Defense (think about that for a second) deems it important enough to be declassified and released to the general public. Someone in a significant position of power wants you to know this information. If true, we came within about 48 hours of an American economic collapse as well as a probable global meltdown BECAUSE SOMEONE WANTED THAT TO HAPPEN. Scary stuff. And they almost succeeded.

When former Colorado congressman Tom Tancredo was mounting an independent bid for governor this last election cycle I was present when he spoke of the events surrounding his vote for TARP (which is unpopular among the Tea Party types). He described economists and administration officials coming to Congress in a panic.

According to him, members of Congress were told that if they did not act incredibly swiftly and pass TARP the United States, and possibly then the rest of the world, was going to experience a complete and total financial collapse.

Perhaps just as frightening is that this financial attack may be ongoing:

The Pentagon report states that the evidence of financial subversion revealed that the first two phases of an attack on the U.S. economy took place from 2007 to 2009 and “based on recent global market activity, it appears that the predicted Phase III may be underway right now.”

The report states that federal authorities must further investigate two significant events in the months leading up to the financial crisis.

The first phase of the economic attack, the report said, was the escalation of oil prices by speculators from 2007 to mid-2008 that coincided with the housing finance crisis.

In the second phase, the stock market collapsed by what the report called a “bear raid” from unidentified sources on Bear Stearns, Lehman Brothers and other Wall Street firms.

“This produced a complete collapse in credit availability and almost started a global depression,” Mr. Freeman said.

The third phase is what Mr. Freeman states in the report was the main source of the economic system’s vulnerability. “We have taken on massive public debt as the government was the only party who could access capital markets in late 2008 and early 2009,” he said, placing the U.S. dollar’s global reserve currency status at grave risk.

“This is the ‘end game’ if the goal is to destroy America”…

Nancy Morgan, the news editor for, has helped take the lead in getting this story out. She has taken the speculative position that we should be investigating whether forces inside this country were manipulating the financial crisis for their own ends and to help secure the presidential election of Barack Obama. She believes that such a scenario is just as probable as proposing that the 2008 financial attack was the work of the Russian mafia or elements of the Red Chinese army.

Was The Economic Crisis Manufactured?

The series of ‘inadvertent errors’, deliberate obstruction, political shenanigans, behind the scenes manipulation of the money markets and non-stop calls for immediate infusions of taxpayer cash brought the U.S. to its knees by February 2009. And continues to this day.

The newly issued Pentagon report, along with the media and our elected officials, seem intent on not connecting the dots, considering only foreign enemies as the possible cause of the financial meltdown…

…This author believes there is enough information to at least consider that this crisis was manufactured for political gain. Right here at home.

Some believe that the only way to increase the standard of living in poor countries is to bring down the standard of living in developed countries. Something happened on Sept 13, 2008 of definite significance. GOP presidential candidate John McCain suspended his election and wanted the debates to be canceled or postponed (effectively ending any chance of being elected) – the same day that President Bush scheduled a speech where he told us that the whole world economy was going to fall apart if we didn’t pass TARP.

The manipulation of financial markets as a weapon of mass destruction simply wasn’t taught in any of my Current Events or History courses in school (college, high school, or otherwise). TARP was the supposed emergency fix to a sudden economic meltdown.  It finished off McCain for good and gave us President Obama. All in reaction to what may have very well been a structured and planned meltdown of the financial arena.

You’d think the triggering mechanism of something of that magnitude would be minutely examined in every possible detail in order to prevent it from happening again. And yet, we have heard only the broadest of generic assessments, and the usual partisan blame game, made in regard to the roots of the Great Recession though it apparently worried the Pentagon enough to investigate it. The results of this Pentagon study are amazing yet we haven’t heard one peep from the administration about it at all. Foreign attack or domestic terrorism, we should demand to know if our nation was the victim, and the identity of the perpetrators, of an economic Pearl Harbor which has cost millions of Americans their homes, savings, and livelihoods.

Here is Glenn Beck’s take on the subject:

Categories: Conspiracy Theories, Economics, The Economy, The Recession, War, Western Civilization

5 replies

  1. Again, Clancy predicted all of this…

  2. Conspiracy theory? I thought we didn’t get into those on this site?

    • Well, when it is a “conspiracy theory” released by the Pentagon it’s probably worth commenting on…

      • It looks to me like a report done by a subcontractor that did not really seem to draw the interest of the Pentagon. Sure provided a sensational above-the-fold headline for the Washington Times. However, if one reads the report it appears to be based on pure speculation, with no real evidence given.

      • It’s great stuff though. And the kind of fodder and speculation that makes blogging so much fun. Interesting that they released it though, fueling speculation that it is information that someone fairly important wanted out.

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