In an interesting article from the Washington Times, a Pentagon white paper was leaked, “Financial terrorism suspected in 2008 economic crash”. The report does not conclude the crash of '08 was an act of economic terrorism, but does go over some interesting facts. The author, Kevin Freeman, says,
“The new battle space is the economy,” he said. “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,”The web is ablaze with all sorts of theories of who's pulling strings, who's organizing the inflation, how the New World Order will enslave us all. It's hard to figure who could be right. But when you have The Bernank himself spouting insanity as obvious as this, you have to wonder if he was trying to destroy the country what would he be doing differently?
"Ben Bernanke says Federal Reserve policy is not responsible for the UN's Food Price Index now standing at its highest level in 21 years or gasoline costs rising 49% in six months."So Ben will take credit for how the excess money he's flooded the world with might increase the prices on the stock market (as more dollars chase a fixed number of stocks) but won't allow the possibility of having caused food inflation (as more dollars chase a fixed amount of food). What a maroon. Gee, Ben, that's not what your central bank brothers say.
The way I see it, there's a handful of things that need to happen to signal a collapse of the US economy. Those are (in no particular order):
- Crushing debt that can never be paid off
- Loss of confidence in US bonds, such that we end up buying most of them ourselves
- High inflation in the necessities of living (food, energy, housing)
- Pressure from interest groups to keep politicians from controlling that debt, ensuring it can never be paid off