Six years ago, during that fateful summer of 2008 when everything began to unravel, we first raised issues of financial terrorism as a risk to the stock markets, our economy, and indeed our way of life. In hindsight, it should be obvious that an attack on our markets does indeed have the potential to attack the very heart of America. Our initial research, later confirmed in a formal Pentagon report, served as the basis for the 2012 bestseller, Secret Weapon; How Economic Terrorism Brought Down the U.S. Stock Market and Why It Could Happen Again. Overall, we documented a variety of vulnerabilities that could be exploited through hidden market activity, cyber-manipulations, and other subversive efforts. As with any new concept, there was a considerable amount of skepticism. Since then, however, virtually every concept we described has been documented or validated. Continue reading
For those that are still lulled into the belief that this is a typical economic cycle of boom and bust we’re facing in this country, it couldn’t be farther from the truth. While the United States is in fact facing an economic crisis, the roots causes of the country’s ills are much deeper than the symptoms suggest on the outside. We are under a full scale economic attack in the last phase which will push us off the cliff. The following article underscores this point:
Three news items landed on my desk today from three different sources all pointing to a Phase Three attack designed to destroy the American way of life or even Western civilization as we know it. This isn’t alarmist. Rather it is the studied conclusion of current events with a solid understanding of the fragility demonstrated in 2008. Make no mistake. Our system nearly imploded less than four years ago and we have done very little to address the risks of a systemic attack on our financial system. Since the publication of my report nearly three years ago for DoD (Economic Warfare; Risks and Responses), I have gone to great lengths to educate and awaken our national security apparatus, Congress, and anyone in a leadership position who would listen. In the past year or so, I have taken the case to the American people to get them to wake up to the very real threats we face. This effort has included hundreds of interviews in national and local media, Op-Eds, articles in major publications, a national speaking tour, and finally the publication of the NY Times best-selling book Secret Weapon (www.secretweapon.org).
Despite our best efforts, we have not received the attention necessary to address this fast-developing crisis. Many fine people have listened and understood our message. Far too many, however, have ignored the warnings due to arrogance. They wrongly assume that the events of 2008 were “one-offs” that won’t repeat. They can’t believe that we have enemies who would do harm to our economy. In short, they doubt that anyone has the motive, means, and opportunity to bring harm to our economy. Quite simply, they are wrong and their excessive arrogance is endangering all of us.
[If you haven’t been following us over the past year, first go to www.secretweapon.org. From this website, you can access our Reviews tab and see responses from some of the people we have briefed. These are serious people representing experience from every Presidential administration dating back to Jimmy Carter. And, that’s just a portion of those who have been in senior leadership positions over the past 30 years who now know of and acknowledge the serious problem we are describing. You can also check out the Newsroom tab. Scroll through and view, listen to, or read a small portion of interviews, Op_eds, and articles. Be sure to dive into the Previous Entries at the bottom of the page because there are some really good media pieces in earlier entries. Then, be sure to really dive through this Blog. Start at January 2011 and read the many posts on all subjects that back up what we are saying. And, you can even find the report I prepared for DoD. Here is a web link (although I have not verified it page by page): SCRIBD.com Economic Warfare by Kevin Freeman. There have been almost 52,000 downloads of that report.]
Full article: Motive, Means, and Opportunity for the Next Attack In Place (Kevin Freeman / Global Economic Warfare)
Most people don’t even realize we have an actual war being fought — one that has been ongoing for over a decade. Most people also believe that our economic downturn is part of the usual economic cycle and will return to normal. This couldn’t be farther from the truth. Fact of the matter is, the US Dollar’s days are numbered and America is doing very little to defend it.
In late 2008, when the U.S. Treasury bond seemed the safest investment in the world and the dollar once again reigned supreme as a safe haven, we predicted a Phase Three attack. At the time, we said that the way things would play out, so-called experts would say that it was just a natural and inevitable result of global events. Never mind that these would be the same people who dismissed the concern only a short while earlier. We have documented all of this repeatedly in our final report for DoD (Economic Warfare: Risks and Responses published in June 2009), our book Secret Weapon (www.secretweapon.org) and in this Blog. We explained well in advance that the BRIC nations would call for the end of the dollar as reserve currency, piling on to similar expressions from the IMF and UN. We stated without hesitation that the US Treasury would lose Triple-A status even as Timothy Geithner said it could never happen.
Now, the alarm bells are ringing louder than ever before. But, the policymakers are ignoring the handwriting on the wall, lulled into complacency by lower interest rates paid by our Treasury. Let’s be clear. This is not an “all clear.” Just today, we received some powerful research by Citigroup titled The “Frozen Hell” of a High Deficit, Low Rate Environment. Here are some of the insights that support our concerns:
“As was the case for a decade in Greece, low government bond yields delayed recognition of a problem. The effects on investment spending, employment and income never produced are more difficult to measure than any obvious interest rate spike related to large deficit
Greece’s budget and external imbalances went undisciplined by markets for a full decade. For how long could the U.S.?”
Full article: The Death of the Dollar (Kevin Freeman / Global Economic Warfare)