Report: A Three Phased Catastrophic Attack is in Process Against the US Economy

by | Mar 1, 2011 | Headline News | 52 comments

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    If the fat finger flash crash of 2010 taught us anything, it’s that our financial markets aren’t as sound and secure as officials want us to believe. With heavy leverage, computer trading platforms, financial secrecy laws, and the unabashed greed that pervades the halls of international financial centers, the entire global marketplace is susceptible to manipulation. The official postmortem on the 2008 downturn suggests that the economic collapse, which started with rising oil prices and a sell-off in stocks, was caused by, among other factors, an over-leveraged and over-insured financial system with the culprit being an alphabet soup of financial instruments like Mortgage Backed Securities (MBS) and Credit Default Swaps (CDS).

    As is the case with the lone gunman who shot Kennedy and the two planes that brought down the towers, the investigations surrounding the financial crisis were expedited, streamlined and have been officially closed.

    A recent report from an independent contracting firm, however, warns that the events behind the financial crisis of 2008 and our economic woes today should not be underestimated and simply dismissed as having been a one-off event.

    Evidence outlined in a Pentagon contractor report suggests 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, a copy of which was obtained by The Washington Times, states that “a three-phased attack was planned and is in the process against the United States economy.”

    While economic analysts and a final report from the federal government’s Financial Crisis Inquiry Commission blame the crash on such economic factors as high-risk mortgage lending practices and poor federal regulation and supervision, the Pentagon contractor adds a new element: “outside forces,” a factor the commission did not examine.

    Regardless of the report’s findings, U.S. officials and outside analysts said the Pentagon, the Treasury Department and U.S. intelligence agencies are not aggressively studying the threats to the United States posed by economic warfare and financial terrorism.

    “Nobody wants to go there,” one official said.

    In a previous report titled When China Pulls the Peg, Cardiac Arrest Will Follow in the USA we opined that the US, China and other nations are involved in economic warfare as a matter of policy. While diplomats enjoy State Dinners, luxurious travel and smile for the cameras, behind the scenes is a tug of war where entire populations of people, numbering in the billions of souls, are affected by negotiations and trade agreements. In the case of China, one must have their head in the sand to believe they are not actively competing on the economic battlefield. Not only do they have a direct influence on the future of the US dollar, but they have spent the better part of the last three decades mobilizing their labor force by significantly undermining US trade influence. The effect on the US economy is clear. While the Chinese grew their economy, they set into motion a series of events that have begun to impoverish the middle class in America. The result is fewer jobs and an indebted social system on the brink of collapse.

    This did not happen by chance. It is by design.

    “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.”

    According to the report, elements within China, Russia, middle east oil producers and other interested parties may, separately or in unison, be actively pursuing policies and actions that are specifically designed to collapse the US economy.

    “The preponderance of evidence that cannot be easily dismissed demands a thorough and immediate study be commenced,” the report says. “Ignoring the likelihood of this very real threat ensures a catastrophic event.”

    The report concluded that the evidence of an attack is strong enough that “financial terrorism may have cost the global economy as much as $50 trillion.”

    The Pentagon report indicates that there is a strong likelihood that whoever is behind the machinations is operating under a three phase approach. The first phase of the attack was the build up of excessive leverage and credit in asset markets, real estate and commodities. The second phase was the crash we experienced in 2008 and early 2009. International hedge funds and financial firms, some of which may be direct extensions of certain governments and operating under international secrecy provisions, initiated sell offs through the use of techniques like “naked shortselling” and traditional “bear raids.” Lehman Brothers and Bear Stearns were wiped out and went down as the first casualties of phase two.

    Since March of 2009 the economy has seemingly been growing, at least that’s what we’ve been told in official government memorandums and mainstream financial analysis. As evidenced by a rising stock market, the economy is well on it’s way to recovering the losses that occurred between 2007 and 2009.

    While everything may seem fine to most Americans, including our elected officials and financial gurus, according to the threat assessment discussed in the Pentagon report, the powers-that-be who were responsible for the first two phases of the attack against our economic and financial system are now actively in the process of implementing and executing Phase III:

    …“based on recent global market activity, it appears that the predicted Phase III may be underway right now.

    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.

    The end-game is approaching, and as we’ve suggested in previous commentary, it is predicated on excessive government leverage, spending and monetization. The United States may very well be in the final bubble, one that trend forecaster Gerald Celente has referred to as the bailout bubble.

    The formation of the final bubble, if it were a planned event, would have first required the first two phases of the attack as outlined in the report. Build up the leverage in the private sector, then completely crash it. This strategy necessitated a political response from the President, Congress and all manner of financial regulators.

    As we saw in 2008, the strategy worked perfectly. Within days of the stock market collapse Presidential candidates were pausing their campaigns, Congress was having emergency meetings, and the Secretary of the Treasury threatened that there would be tanks in the streets if something wasn’t done. The response, of course, is well known and has led to tens of trillions of dollars in more debt in an attempt to stabilize the economy.

    As the theorized Phase III continues to play out, we are likely to see more intervention in the form of crisis spending and quantitative easing. This continued printing of money is the Achilles’ heel. In just the last two years, because most global investors have begun shying away from US debt instruments like Treasuries, it is our very own Federal Reserve, a private banking conglomerate, that is the number one buyer of US debt. The Chinese are already cutting back on their investment. And in due time, when the time is right, the Chinese simply have to say “no more,” at which point the government bailout bubble will burst.

    Once in motion, there will be no more magic bullets for the Federal Reserve, Treasury Department, Congress or the President. We’ll have Crossed the Rubicon.

    What it will look like on the other side is anyone’s guess, but it could be that magic financial bullets get replaced with lead and missiles, as is usually the case when economies of nations are destroyed.

    While US officials may not be overtly discussing economic warfare, one thing is for sure, and that is that the Pentagon and Military are Actively War Gaming ‘Large Scale Economic Breakdown’ and ‘Civil Unrest’. Army game theorists have spent time on financial exchanges with traders attempting to learn how an economic attack could be identified and are reportedly working on preventing such a possibility.

    It’s our view, however, that if military and intelligence agencies are just now getting on board with the idea of economic warfare, it may very well be too late. If those who would bring down the US and global financial systems, be they foreign governments or shadow elements operating outside of traditional national boundaries, are actively engaged in “Phase III,” then it is likely that such an attack cannot be prevented – only managed and mitigated.

    If this most recent report is accurate in its assessment, the only thing left for the average American at this point is to prepare for an imminent catastrophic shock and awe that will destroy life in America as we have come to know it.

    UPDATE: Full Report: Economic Warfare: Risks and Responses by Kevin D. Freeman (111 Pages) [Provided By Intellicept]

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      52 Comments

      1. Slippery

        Two words……George Soros!

      2. Band of the White Rose

        Only our “intelligence” agencies and “leadership” could possibly be surprised. Same as the “China influencing U.S. foreign policy” story. No, really? Imagine! Prep it up! Now!

      3. sketch

        soUndS like someone is looking for someone else to blAme – or to fabricate a reason why “we” should not like “them”…

      4. Tony

        Bummer! At this point, whether planned or accidental, I don’t see how this country (or the world, for that matter) can avoid a meltdown so catastrophic that it hurtles us back into the dark ages. I wonder how many countries will we take with us….

      5. 2bhuntn

            Don’t forget an America for sale.  Thanks to our supreme court the politicians don’t have to report any more who or what country has bought, er I mean funded their campaignes.  Imagine that.  We still can vote for them but wont know who or how much or from what country is funding them.  We have been sold out.  We are a lost cause.

      6. Chris C.

        This really, really stinks of something epic.
        So it’s not our illegal cartel of money masters, aka the Federal Reserve, who are responsible for what happened in 2008. Nor was it the fault of Wall Street who sliced and diced everyone’s mortgages into tiny bite-sized pieces to sell them to unwitting recipients in the largest financial boondoggle this side of the Atlantic, nor the fault of Fannie and Freddie who underwrote any of the aforementioned toxic mortgage garbage, all along navigating under the guise that “property values can only go up”.
        It’s not the fault of the plummeting dollar that helped oil reach $147 in late summer of 2008, thanks to politicians who spend more than they bring in in tax revenue thanks to an all-to-eager print happy Federal Reserve who has decimated the value of the dollar by 98% since its inception in 1913.
        Couldn’t be any of that, could it? Nah
        Just like Bin Laden with 2001, let’s blame yet another boogeyman. So the next time the markets start to tank or the dollar starts to implode, we’ll now have an excuse to go send in yet more troops to some “terrorist” haven on the other side of the planet. Brilliant.
        I can only hope no one falls for it.

      7. AndyB

        Listen up, sheeple.  This is a classic Alinsky deflection.  Wouldn’t want the real criminals, the FED and their henchmen the TBTFs to be eyeballed too closely.  The recent Rolling Stone article by Taibbi must have scared the elites.

      8. Robert

        Obama was Phase 2, we are seeing Phase 3 in the mideast now.  

      9. Gods Creation

        You are living within a corporate fiction, and dependent on the corporation for survival by design.  That fiction is what is collapsing, to be replaced by reality.  Unfortunately, you do not have a say in how the corporation is run so there is nothing you can do to stop it from collapsing.
        The solution is to quit the corporation.  Protect yourself starting today.  Keep every nickel you get your hands on.  Buy food, water, and other things YOU need to continue your lifestyle as best you can when you spend.
        Don’t worry about the financial situation of the corporation, worry about how much electricity you can generate on your own.  Don’t continue paying tribute to the bankers and their government whores, use it to make sure you don’t need them.
         
         
         

      10. GoneWithTheWind

        It seems likely that foriegn forces caused the dramatic price increase of crude oil in the fall of 2008.  It also seems likely the intent was to meddle in the U.S. election.  This event probably precipitated the collapse that followed but the collapse was our own faulty mortgage bubble.  This was going to collapse anyway all it needed was any event that would tip the first domino.  That could have been anything but in this case it was the price of crude oil.  Everything that happened after that was preordained because of the specific choice made in 1999 by congress to require Fannie mae and Freddie Mac to make mortgage loans easier to get even by people who could not afford them.  Congress set up the problem in 1999.  It festered for 9 years and then the crude oil prices triggered a collapse.

      11. BJ

        Slippery,
        You said the two words I was thinking and was going to post after reading the first line or two of the article. I read a real good article that outlined how he did it, but that’s been a few years now and I can’t remember the specifics, but it reminded me of the movie “Tradin Places”
        I am also of the strong belief that our govt are on the terorist team…jmo

      12. Guin Chapman

        You can blame oboma and his progressive socialist, communist

      13. wheedle

        Undermine the Constitution and the Rule of Law.

        Steal and squander the nations wealth.

        Bankrupt the working class.

        Blame an adversary and take the country to war.

        Lawyers should not be allowed to run for public office in my opinion. It seems that those who create the laws also know how to manipulate and circumvent the laws they create. Greed and corruption are as old as human history. This has False Flag Event written all over it.
        Gear Up Folks

      14. Mark

        The Pentagon cannot be believed.  Common tactic:  Blame the foreign bogeymen.  The US Govt actively pursued the “low cost solution” and shifted >40000 US factories to China; while simultaneously giving cover to the banking syndicate to create the housing bubble.  Now, we blame China for holding their currency down while we monetize our debt and allow the Big Bankrupt Banks (BBB) to continue their massive fraud. We manipulate and then blame China for it.    Pot! – Meet Kettle.  The US Govt are liars, especially the Pentagon.  Focus people!

      15. Dave

        China Shmnia!
        Israeli’s are the perfidious ones in our banking and on wall street.
        Israel has threatened the US and its leaders if we do not attack Iran.
        Due to our reluctance, these attacks will increase in frequency.
        China needs nothing more than to sit back & watch us collapse on our own.

      16. Judas Jackson

        One word: BULLSHIT!

      17. don

        jesus f#$#ing christ, was it china all along ?????????????

        get a life, man, get a life.
        you sound a like shill.

      18. Hal Muller

        Comments…..I’m glad most people at this website see through this garbage report.  Blame the Chinese, blame the Russians, blame turbaned men hiding in caves somewhere. Did Osama Bin Laden create a quadrillion in leveraged derivatives, was he loaning mortgage money to bad risks?  How dumb do these NWO elitists think we are?

      19. caryn

        Comments…..i saw the movie “2012” the other day..and i thought it was an awful lot like what is coming down the road these days. the doodoo has been hitting the fan already for a good while but seems lately the velocity at which the doo doo is flying is speeding up.  i am most certainly grateful that i came from good pioneering stock and have been preparing.

      20. Chris C.

        Gods Creation,
         
        The corporate entity may be a fiction, and so may be your person (aka “citizen”, “strawman”, “resident”, etc.etc.), but unfortunately the jail cell is all too real.
         
        Unless people know exactly what they are doing I wouldn’t prescribe the sovereignty path to anyone, because one mistake and it’s over. Not only that, THEY will make life a living hell for you. You may have succeeded in it, and if so I applaud you. But it’s one thing to recognize you are a slave and another thing entirely to take the action to stop BEING a slave.
         
        Tell me, have you accepted and repudiated all your debits? Have you rescinded your SS#? Do you have a self-created ID for when you drive? Do you file tax returns as a nonresident alien? How many times do you get stopped and hassled by authorities asking for your government ID? Have you had to answer a court summons since you renounced citizenship? Have you ever been challenged in court?

      21. RebelYell

        Chris,
         
        Ignore GC.  He is a troll that spews random belief chaos to absolutely no ones benefit but his own.  My guess is that he is a libtard teenager; a retired sociology professor; a frustrated Muslim or a medicated patient with access to the web.
         
        I really enjoy the thoughts on this and other sites like Macs, but there is always a troll in his basement sabotaging the energy we are sharing to survive the mental Armageddon we are experiencing today.

      22. youcancallmeray

        I read it in the bible first.

         No, this did not come out of the book titled Alas Babylon 
        It came out of the Holy Bible.

        It’s talking about a system, a way of life that has leads to destruction.

         1And after these things I saw another angel come down from heaven, having great power; and the earth was lightened with his glory.
         2And he cried mightily with a strong voice, saying, Babylon the great is fallen, is fallen, and is become the habitation of devils, and the hold of every foul spirit, and a cage of every unclean and hateful bird.
         3For all nations have drunk of the wine of the wrath of her fornication, and the kings of the earth have committed fornication with her, and the merchants of the earth are waxed rich through the abundance of her delicacies.
         4And I heard another voice from heaven, saying, Come out of her, my people, that ye be not partakers of her sins, and that ye receive not of her plagues.
         5For her sins have reached unto heaven, and God hath remembered her iniquities.
         6Reward her even as she rewarded you, and double unto her double according to her works: in the cup which she hath filled fill to her double.
         7How much she hath glorified herself, and lived deliciously, so much torment and sorrow give her: for she saith in her heart, I sit a queen, and am no widow, and shall see no sorrow.
         8Therefore shall her plagues come in one day, death, and mourning, and famine; and she shall be utterly burned with fire: for strong is the Lord God who judgeth her.
         9And the kings of the earth, who have committed fornication and lived deliciously with her, shall bewail her, and lament for her, when they shall see the smoke of her burning,
         10Standing afar off for the fear of her torment, saying, Alas, alas that great city Babylon, that mighty city! for in one hour is thy judgment come.
         11And the merchants of the earth shall weep and mourn over her; for no man buyeth their merchandise any more:
         12The merchandise of gold, and silver, and precious stones, and of pearls, and fine linen, and purple, and silk, and scarlet, and all thyine wood, and all manner vessels of ivory, and all manner vessels of most precious wood, and of brass, and iron, and marble,
         13And cinnamon, and odours, and ointments, and frankincense, and wine, and oil, and fine flour, and wheat, and beasts, and sheep, and horses, and chariots, and slaves, and souls of men.
         14And the fruits that thy soul lusted after are departed from thee, and all things which were dainty and goodly are departed from thee, and thou shalt find them no more at all.
         15The merchants of these things, which were made rich by her, shall stand afar off for the fear of her torment, weeping and wailing,
         16And saying, Alas, alas that great city, that was clothed in fine linen, and purple, and scarlet, and decked with gold, and precious stones, and pearls!
         17For in one hour so great riches is come to nought. And every shipmaster, and all the company in ships, and sailors, and as many as trade by sea, stood afar off,
         18And cried when they saw the smoke of her burning, saying, What city is like unto this great city!
         19And they cast dust on their heads, and cried, weeping and wailing, saying, Alas, alas that great city, wherein were made rich all that had ships in the sea by reason of her costliness! for in one hour is she made desolate.
         20Rejoice over her, thou heaven, and ye holy apostles and prophets; for God hath avenged you on her.
         21And a mighty angel took up a stone like a great millstone, and cast it into the sea, saying, Thus with violence shall that great city Babylon be thrown down, and shall be found no more at all.
         22And the voice of harpers, and musicians, and of pipers, and trumpeters, shall be heard no more at all in thee; and no craftsman, of whatsoever craft he be, shall be found any more in thee; and the sound of a millstone shall be heard no more at all in thee;
         23And the light of a candle shall shine no more at all in thee; and the voice of the bridegroom and of the bride shall be heard no more at all in thee: for thy merchants were the great men of the earth; for by thy sorceries were all nations deceived.
         24And in her was found the blood of prophets, and of saints, and of all that were slain upon the earth.
         
        King James Version (KJV)

      23. Durango Kidd

        Don’t blame China for wanting to get rich, afterall, “Wealth is glorious!” Who transferred the American means of production to China and India? Who has offshored the opportunity that once belonged to middle America? Who has spent the US Treasury into oblivion? Who transferred American taxpayer funds to the gangster banksters making them whole and leaving them in place to do it all again?

        Washington DC should be burning.

        SHTF Times, Protest In Place: Horns Across America  http://www.shtftimesepitaph.blogspot.com

      24. Durango Kidd

        And WHO, I ask, has allowed 30 million illegal Latinos to invade the USA to suppress wages, take our jobs, commit murder, kidnapping, rape, theft, and drug smuggling?

        WHO?

      25. M. I. Dreamin?

        National ID coming in May?  Addios moocher-chachos.  With the illegals gone, will save the fed gov’t $36.3B and this save the state govt’s $27B annually in services to illegals.  SAVE the states alone $13B spent on education!!    This will also mean 8.75 million job openings, mainly minimum wage ag and service yobbs.  It will also mean in many areas hundreds more rental apartments available.
         
        Recent statistics from the Pew Hispanic Research Center indicate that illegal immigrants account for about 4.9% of the civilian labor force.  Unemployment to be cut in half???????

      26. Skeptical Survivalist

        If we could get though one discussion without mention of communism in the US or quoting Revelations I’d have more faith in our ability to survive this.
        1And after these things I saw another nutjob come down from his bully pulpit, having little insight outside of a book written 2000 years ago by a bunch of desert nomads; and the earth was blighted with his ignorance.
        Babylon…they were writing about Rome. Fundies…whattaya gonna do.
        So it could have been some of both right? Sure, the bankers and buyers were running amok, and we made the mess, but it was also ripe for exploitation. I think if this were a diversion tactic “they” would have made a LOT more of it than this one report from a contracted consulting firm based covered in one news article that only got visibility by being reblogged by a ton of conservative sites and bloggers.
        The truth is that we’ll never know until it’s too late. We can spend all day speculating on the root causes, but it’s not something there would be clear proof for – at least proof we’d be privy to.
        The libertarian in me says we are no longer represented by any of our elected officials. The system HAS been corrupted by very basic and ancient human vices – greed, power, and riches. Now there’s something that hasn’t changed in 2000 years.

      27. GodSend

        I’m back. THINK!
        Two words: Greenspan & Bernanke (The Sorcerer and his Apprentice).
        Two more words: Zionist Slimeballs.
        A number and two more words: 911 and GRAND DEPRESSION.
        CONNECT the bloody blobs!
        How about a whole sentence: “The Protocols of the Learned Elders of Zion.”
        It’s REALLY not all that difficult to figure out!!! Really. Two working brain cells can do it.

      28. shoemaker

        Slippery- Soros is old; could die any minute.  He is likely not alone in whatever it is he does.  Takes collusion.  More likely, there is someone/someones more powerful than him that are pulling his strings.

        Chris C- Who says the fed is not in collusion with any of these other threats?  Have we really identified the true source of the attack?  I don’t think we have.  The power behind the scenes has done a great job in coordinating seemingly unrelated parties to pull this off.  My theory anyway.

        Seemingly unrelated parties.  And they each have an interest at stake which makes them want to join forces. 

        In the end, when they have overpowered us, and we beg for relief, we get a global system controlling our religion, government, and finance. 

      29. Siamslim

        The problem with this article is that if we (U.S) go down so does everyone else.  So if there are evil foreign minds trying to undermine the U.S. econonmy. there ownly destroyling themsleves as well…..

      30. emptyhandkiller

        So many gloom and doom predictions and rumors…  I am very impatient for this to either happen or not.  I wish I knew for sure what and when.  In the midst of the hellish disaster, there are several a-holes that I will eliminate and there are at least three women in town whom I will calm down with constant, endless, uninterupted sex.  Gee whiz, I am actually eager for the coming crisis!

      31. TnAndy

        I think I’ll spend the week cutting another cord of fire wood.

      32. Gods Creation

        Rebel Yell,
         
        my guess is that you are an unhappy slave who prays for Armageddon, hoping that freedom will result. Or just an idiot.  Or both.
         
        Chris
         
        I have withdrawn quietly from the system and stopped using government numbers and contracted participation in the monetary system.  No bank accounts, no credit cards, no debt, no registered property (all in a private Trust).  That is all one needs to do, and as much as one can do.
         
        All of the Sovereignty crap you read about, and asked if I have done, is for fools who decide to ask their government masters if they can be free.  Of course their masters will say no and pursue them for their ignorance and to instill fear in their fellow slaves.
         
        The government has no freedom to give you, so why ask?  It does not protect your freedom, so why ask?  I do not need very much of their fake money, and what I get and spend is in CASH.
         
        It seems that everybody is waiting for the system to collapse to solve the problems the system creates for them.  If you are free, you don’t need to ask if you are free, or how to be.  If you are not free already, a collapse will not bring freedom.  So long as the people remain happily enslaved, the corporations will win.
         
        Freedom is something different to each man.  To me it means being able to act responsibly and not answer to anyone for it.  It is keeping what is mine that I have lawfully earned.  It is the right to refuse to support those who act against my best interest.
         
        The fact of the matter is every single one of you who continues to support a known to be Unconstitutional “government” is guilty of Treason against their fellow Citizens and the state.  It does not matter that the compliance is solely out of fear.
         
         
         
         

      33. TRD

        Comments…..Gods Creation…..pay your taxes like the rest of us you fucking freeloader or go to jail.
        Dave…. did you forget something at KKK mart? White sheets are on sale this week.
        Mac… your blog is rising to the level of insanity. I must agree with the poster that said you are self hating part Jew. And as we have seen with part Jew Hitler, and Marx, this can be a very dangerous thing.

      34. Dunkirk

        So it’s the Chinese and Russians are responsible for doing this to us?  Hogwash.  I’m not naive enough to think that China and Russia are even lukewarm friends, but I’m not buying that they’re to blame for our financial nightmare.  The sad truth is, there is no conspiracy of foreign boogeymen doing this to us, we Americans did this to ourselves.  If the “barbarians” are inside the gate, it’s because we let them in. Most of the sheeple (myself included until 2008, sorry I’m late) bought into the idea that the party is never going to end.  Recall the disgusting Christmas-time shopping-riot videos.  I look around and still see friends and family spending like the band is still playing.  

        So the Chinese are “competing on the economic battlefield.”  If the Chinese decide to stop buying our worthless T-bills, I wouldn’t blame them in the slightest.  If they are guilty of anything, it’s pegging their Yuan to our dollar.  Lots of countries have done so.  China can make stuff for less money than we can.  They are doing what is in their best interest.  I’d like to see America’s government do what’s in the best interests of America at least once in the last several decades.  Instead, we are squandering the future prosperity of our kids and grandkids, for which there should be a heaping dose of shame. 

        The last thing we need is to have the notion pushed that China is warring on us, when what we need is to have a good, long look in the mirror.  Thanks Mac for a thought-provoking post.

      35. Gods Creation

        TRD
        Didn’t you forget the U?
        I pay every tax for which I am liable.  Always have.  I can’t determine which taxes you may owe, but I am quite capable of determining my own tax situation.  Everybody has to pay taxes.  But not everybody has to pay every tax.  It is up to you to figure it out.  If you want to get all of your tax information from the IRS, you are free to do so.  I merely chose to read and understand the IRS tax codes and make my own decisions.  Having to do such things is the price of freedom.  Apparently you are unwilling to pay the price.
        How can I be freeloading off the system being a non participant in it?
        Besides, don’t you know that ZERO of your  IRS “tax dollars” goes to pay for any service or benefit received by anybody?  It is all for interest on the presumed “debt”  You pay it directly to the bankers, and I am sure they thank you for it.  Don’t blame the victims for they system.

      36. Man Up

        REALLY!!! And all this time I thought it was our policies, laws and greed.

        But wait, wasn’t it the policies, laws and greed that was the wound that wasn’t covered up with neosporin and a band-aid and got infected by outside sources who saw an opening in the corrupted union that is now infected with gang-green?

        The time is coming to amputate the infected area!

        Stop blaming others and Man-Up!!!  
         

      37. GA Mom

        Americans and the mainstream media are totally asleep.  One group will be blindsided and the other is responsible for an “agenda-related” cover-up.

        But they do know that Charlie Sheen’s kids were removed from his home and that Serena Williams has an embolism.  Priorities.  Priorities.  Stupid Sheeple.

        I guess that leave more food & items for us to be able to prep with.  Do it now in case things go mainstream.

      38. JJ

        Comments…..
        Siamslim
        March 2nd, 2011 at 1:31 am
        The problem with this article is that if we (U.S) go down so does everyone else.  So if there are evil foreign minds trying to undermine the U.S. econonmy. there ownly destroyling themsleves as well…..

        ~~~~~~~~~~~~~~~~~~~~
        From what I read, TPTB, the elite, are in an even better position to excel in their scheme…..when all businesses and states are bankrupt, TPTB can get bargains dirt cheap..and own the world while making us slaves….using those dollars stolen from good citizens thye’ve turned into gold and silver!!

        Haven’t you heard?? Some states are already buckling—Tennessee selling and Chicago leasing parking meters to China??

      39. Dboy

        “Chinese grew their economy, they set into motion a series of events that have begun to impoverish the middle class in America.”
         
        Yes, it’s not the bankers, the oil companies, or corrupt Congressmen. It’s not the IRS, or your boss at work, or the Koch brothers, or The Federal Reserve. It’s not Monsanto, or George “The Shrub” Bush, or DoD spending….it’s those devious Chinese that did it to us. Me thinks plenty of people are stupid enough to believe that.
         

      40. greaseman

        Comments…..  lots of intersting comments here.  I have my own ideas on the blame game, but in the end, it really doesn’t make any difference. I kind of like the comment that has been made several times.”When the SHTF, will you be ready”?  To me any more, that’s the only thing that really matters.
            I’m going to work harder on tying up loose ends in my prep endeavors.  There always seems to be something i’ve forgot.  Every day lately that I wake up, I have a stronger and stronger urge to buy more food.  I think when the collapse comes, it will be a lot longer than most people think.
             Bottom line for me–I don’t think we’re going to have to wait much longer to use some of this stuff we’ve been buying for a while.  Everyday that things don’t fall apart, is another day to buy some more stuff.
           Keep prepping, and keep stacking.

      41. clark

        x2, sketch, this backs that up:
        2008 Crash Caused by Financial Terrorism?

        “…blames foreign enemies for the 2008 financial crisis. This is a fairly brilliant fear-based promotion in our view because… it doesn’t merely push blame away from central banks it also opens up another entire venue for state expansion – military growth to combat economic terrorism.

        Not only does this meme logically support military expansion, it has ominous free-market implications as well…

        This is a most cynical presentation, in our view. Modern crashes are a result of central bank monetary stimulation. Variants of the 2008 crash occurred on a lesser scale in 2000, in 1987, in the 1970s, in 1969, in 1963 and, of course, in 1929. Are we to believe that financial terrorism is responsible for each of these slumps? Or only in 2008? It is obvious nonsense, and yet few if any have bothered to point out the repetitive occurrence of modern-day crashes – which would put the presentation into question. Instead, we have no doubt the report will be used for yet more Draconian regulation and to haul the Pentagon directly into economic matters, creating a kind economic-industrial complex to go along with the military-industrial complex and all the rest…”

        http://thedailybell.com/1811/2008-Crash-Caused-by-Financial-Terrorism.html

        “Antal Fekete is looking prophetic.

        If the patient resists, like China did in 1840, then a holy opium war must be declared on it in the name of the right of others to free trade. 170 years later a New China once more demurred against the paper-torture treatment it was subjected to by the American debt-mongers and opium pushers.

        http://www.thedailybell.com/1766/Antal-Fekete-Silver-and-Opium.html

        We now learn that the war talk is not even a metaphor. If China dumps its depreciating US$ holdings it can expect to be treated as a military aggressor, engaged in a ‘Phase III’ assault upon the United States. (Ditto for the ME oil states.) Apparently the USMC has Bernanke’s back. This isn’t going to end well.”

      42. shoemaker

        Skeptical
        “Babylon…they were writing about Rome”

        I disagree.  They were not writing about Rome.  They were writing about Babylon.   The city is being restored.

      43. BJ

        I always heard that Babylon in Rev is America

      44. GA Girl

        I didn’t really believe all this at first I was skeptical.  Then yesterday, March 2, Glenn Beck had this on his show.  I even went to his website and read the newspaper article that started all this.  Now I am not so sure it is just crazy stuff the more I think about it.

      45. TEKROANIN

        amerika is 64 trillion in real debt!!! the pentagon stole 3.6 trilion from you on 9/11… the usa amerika is already bankrupt… she went belly up in 2008 folks… right now she’s surviving on printer press life support and she will die as soon as they print off all the money they can – completly destroying the value of the dollar!

        china and russia are already dumping dollars, have been for a while now… they know the score!

        get out of the dollar into commodities now while its cheap… guns ammo gas gold silver  foods water etc etc

        it’s only a matter of time now… only a matter of time… it’ll happen when it happens… remember CANADIAN TROOPS AND MEXICAN TROOPS ARE NOW LEGALLY ALLOWED TO ENTER THE UNITED STATES AS PEACE KEEPERS… AS OF LAST WEEK!!! SO LEARN TO SAY F. U.!!! IN MEXICAN NOW!!!  Chinga tu madre !!!

        arm up stock up prepare, predator or prey the choice is yours!

      46. Elli Davis

        Instead of improving the system of domestic institutions, which were responsible for the ineffective regulatory rules they are now trying to blame the whole crisis on some outside forces.

      47. faceless

        article doesnt make sense
        1) foreign govts have no control on how much credit the people in the US take on
        2) china, russia and middle east will never bond together. China is not an alternative for a world without the US
        3) for a world with a devastated US economy, there is no market for Chinese goods. The rest of the world will not pay as much as we do for Chinese crap
         
        China has ambitions but those ambitions do not include destroying the US economy. US economy is their engine.

      48. GoneWithTheWind

        People often talk about the threat of China dumping our government bonds/notes on the market.  First of all this is not the same as calling in the loan.  The federal government is under no obligation to buy the bond or pay the holder of the bond until the date it is due.  The negative effect we would experience is that it would make the bonds worth less (not worthless) and thus for future borrowing the government would have to pay a much higher interest rate.   All in all simply dumping our bonds is not the worst that can happen to us. 

      49. Marg

        The Greed of Corporate America is what has brought down America.  The day they closed their doors to workers across America for the soul purpose of outsourcing their jobs for greater gains for their stock holders is the day to remember.  As they take their jobs to other parts of the World to build great Dynasties at the expense of this Country is called Treason.  Their own conduct has destroyed the American Dollar and the American way of life.  They thought the fence was greenier under Communist China, well they are absolutely wrong.  When China finally gets the upper hand on most of our Corporations, the tables will turn and they (Corporations) will not  be working under the Rule of Law.  Maybe China will nationalize these Corporations and the (CEO’S) will no longer be the ones running their companies.  The last laugh will be on them for their stupidity and GREED.

      50. Paul

        People loyal to a certain Middle Eastern nation were more than anyone else up to their necks in this.  You all know it if you’ve been watching.

      51. Incriminally Sane

        Economic HIT MEN are in action throughout the Global Community and their mission is designed to destroy the global economic system and over a period of time the majority of the worlds people will begin to BEG for a GLOBAL GOVERNMENT that will be sold to the people as the ONLY viable solution to the economic turmoil!
        WRONG!
        Take responsibility for your own action and DON’T BE LAZY!

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