High risk lending practices mandated by Bill Clinton’s Community Reinvestment Act have so far been recognised as the main cause of the financial collapse in the US. Now the report of a Pentagon contract investigator has been released and it makes the astounding claim that there were other factors that triggered the event, namely “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 further states-

“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. [..] “We spend hundreds of billions of dollars on weapons systems each year. But a relatively small amount of money focused against our financial markets through leveraged derivatives or cyber efforts can result in trillions of dollars in losses. And, the perpetrators can remain undiscovered. This is the equivalent of box cutters on an airplane,” Mr. Freeman said.

The full Washington Times report is here, and its a very good read. Taking the conclusions of the report a little further, Nancy Morgan at The American Spectator comes to the conclusion that shadowy American influences supporting Obama had a hand in the scheme. She makes a very good case, and starts off with this statement-

Consider: The economic house of cards started tumbling on June 26, 2008, when Senator Chuck Schumer leaked a memo questioning the solvency of IndyMac bank. This memo precipitated a run on IndyMac which led to its failure. Federal regulators pointedly cited U.S. Sen. Charles Schumer, D-N.Y., in explaining the bank’s failure. “The immediate cause of the closing was a deposit run that began and continued after the public release of a June 26 letter to the OTS and the FDIC from Senator Charles Schumer of New York.”

As I wrote in February of 2009, this event, coupled with the Lehman Brothers collapse in September, marked the beginning of the current economic meltdown and provided the environment that enabled Barack Obama to focus on the economy instead of his position on Iraq – and, not incidentally, resulted in his election as President.

She fasts forward to February of 2009-

The markets reacted to Obama’s proposal to bail-out mortgages and Senator Christopher Dodd’s talk of nationalizing banks by reaching 11-year lows. Obama continues to stoke the fears of imminent crisis, actually using the word ‘crisis’ a total of 26 times in one speech. Enter George Soros. The infamous one-worlder, billionaire George Soros adds his voice to the media doomsayers by opining that the world financial system has effectively disintegrated, adding that there is yet no prospect of near-term resolution to the crisis.

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.

I’ve always felt uneasy about Obama’s sudden rise to power and how an unknown senator defeated the powerful Clinton camp and carried on to win the Presidential election. I have already suggested ties to the Muslim brotherhood in previous posts. This information takes the whole scenario into deeper waters by claiming an international conspiracy (with help from US internal forces) to destroy the US economy and simultaneously place Barak Obama in the White House. There has to be something behind the relatively unknown Obama’s sudden ascent to power. It would not surprise me one bit if these allegations were true.

American Spectator article.