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by Linda Starr, blogging at lgstarr.blogspot.com

Financial Terrorism Suspected in 2008 Economic Crash

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.

And, the report says it’s not over:

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 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.

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,” Mr. Freeman said, noting that in his view China’s military “has been advocating the potential for an economic attack on the U.S. for 12 years or longer as evidenced by the publication of the book Unrestricted Warfare in 1999.”

Funny…Ted Kennedy, who was instrumental in helping Obama to get elected in 2008, was secretly collaborating with RUSSIA….and Obama, himself, has strong ties to Islam…not to mention Honduras Outraged by Obama-Chavez Alliance!

And don’t forget this important (and unanswered) question framed by then-Rep Porter Goss (R-Fla): “We know that Chinese officials chose to invest hundreds of thousands of dollars in the 1996 re-election of the Clinton administration. What we don’t know is what they expected to gain from that investment…”

Whatever Obama’s connection to China was during the election (and, remember: Hillary’s rhetoric was harsher), it must have been smoothed out by the time of that recent 5-star dinner at the White House.

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  1. You are right-on Linda Starr, and I checked out your Blog too, “A great Source for Current Information”, thank you. And Harry H, you are right on the money as well with your fine assessment, in my humble opinion !!!

  2. It’s true that mainland China is not our friend–it’s a one-party Communist totalitarian state, remember? It uses capitalism as a means to accomplish their ends, which are hostile to liberty. It also uses North Korea to do its dirty work.

    But the worst culprit is curiously missing from this report, and that is the international banking cabal. The first phase of the economic attack was really the creation of the Federal Reserve in 1913, then the repeal of the Glass-Steagal Act under Clinton, which turned loose Robert Rubin, Alan Greenspan, Goldman Sachs, et al. to do their worst in raping America, which they promptly did. They created the 2008 economic crisis that ensured the election of their tool Barack Obama. They are the “unidentified sources” that crashed Wall Street to further their globalist aims, which include Russia and China.

    The real government of the United States is the Federal Reserve.