While the mainstream media fails to discuss the seriousness of currency debasement, food stocks and cyber warfare, it’s comforting to know that at least one of our intelligence agencies is concerned and has active programs to research these potential threats. These potential security threats are briefly outlined in My Lunch With the CIA:
The long term outlook for supplies of food, natural resources, and energy is becoming so severe that the CIA is now viewing it as a national security threat. Some one third of emerging market urban populations are poor, or about 1.5 billion souls, and when they get hungry, angry, and politically or religiously inspired, Americans have to worry. This will be music to the ears of the hedge funds that have been stampeding into food, commodities, and energy since March. It is also welcome news to George Soros, who has quietly bought up enough agricultural land in Argentina to create his own medium sized country.
In Global Food Disaster Only a Few Months Away, we listed some of the reasons why we could begin experiencing food shortages in 2010, not just in the US, but around the world. Though it may not be a certainty, the possibility exists, and any significant disruption in the food supplies of other countries could lead to the same right here at home, as nations will begin scrambling for food stocks, and will hold on to anything they produce in their own countries. If a food crisis is looming, as discussed in the aforementioned article, then it could certainly be a national security threat. You think people got upset about TARP and health care? Wait and see what happens when they can’t put food on the table.
Panetta then went on to say that the current monstrous levels of borrowing by the Federal government abroad is also a security issue, especially if foreigners decide to turn the spigot off and put us on a crash diet. I was flabbergasted, not because this is true, but that it is finally understood at the top levels of the administration and is of interest to the intelligence agencies. Toss another hunk of red meat to my legions of carnivorous traders in the TBT, the leveraged ETF that profits from falling Treasury bond prices!
It sounds like there are elements within our government that do understand the reprecussions of printing and borrowing trillions of dollars. In fact, it’s likely that the Money-Printer-in-Chief Ben Bernanke himself knows what the end result will be — a National Security Threat. Be assured that those involved are not idiots, and when we’re talking about trillions of dollars, they would not have engaged in these activities without some sort ofÂ a plan. Though we may not know what it is, and it may not mesh with our personal perspectives on how things should be done, they have a pretty good idea of how this will all play out. This may sound conspiratorial, but it’s really hard to imagine that the top echelons of power and control in this country are comprised of clueless fools.