03.01.11

A whoopie cushion moment: ‘Financial terrorism caused the great recession’

Posted in Cyberterrorism, Extremism, Phlogiston at 8:28 am by George Smith

If you were in Washington today you were given quite a revelation, courtesy of the WaTimes.

The Great Recession, the economic collapse, perhaps not caused by Wall Street! No, we’ve been looking in the wrong place.

“Financial terrorism suspected in 2008 economic crash,” it reads on-line.

The terrorists here aren’t the banksters. Nope, they’re from China, maybe Russian criminals, and also the forces of “shariah compliant finance.”

“This is a front-page story in the paper, and the headline can be seen in vending machines all over DC,” reports one reader who we will keep anonymous. “I walked past one this morning and thought, ‘Huh?'”

For this piece of mischief, we see a touching upon of some of the hobby-horses of the of the lunatic right, conveniently furnished by a paper we have all unjustly ignored, apparently.

The paper in question was produced by small business contract with the Department of Defense in 2009.

Generally speaking, you can view articles and analyses generated in this manner as nuisances, ways for the small to take on a validation by being paid cash money by the US government for revelations and insights to be eventually tossed in the trash.

Unless someone like Bill Gertz runs across them at the WaTimes.

The paper setting off the story, entitled “Economic Warfare: Risks and Responses” is by one Kevin D. Freeman of Keller, TX. Gertz’s story never actually gets around to mentioning the bit that this isn’t from some inside-the-Beltway think-tanker.

DD is going to skip most of the fine detail of the thing. You can read it on ScribD.

The WaTimes article sums up well enough the intent: To get us looking somewhere else because no one has ruled out a direct attack on Wall Street.

“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,” reads the lede graf at the Times.

But here’s what you really want to know.

There’s no proof at all offered for the implication in the WaTimes as to the nature of the 2008 economic collapse.

Much time is devoted to the creeping advance of “shariah-compliant finance” as a danger to capitalism. For this part, notable Islam-o-phobe and kook Frank Gaffney gets cited.

Hugo Chavez and Iran get some space on the marquee, too.

And there are bits one usually finds coming from the Tea Party.

Namely, the “third phase” of an attack on the American economy will come through the printing of too much money and the revenge of bond vigilantes who will magically show up, causing a mass dump of Treasury bonds. The dollar will become worthless.

The “Ah-ha!” moment is furnished by a quick search of the Web for Kevin Freeman in Keller, TX.

A list of political contributions, conveniently from here:

Kevin Freeman (Freedom Global Investment/Counsel), (Zip code: 76248) $250 to BACHMANN FOR CONGRESS on 10/16/06

Kevin Freeman (Artist/Cross Graphics), (Zip code: 76248) $500 to BACHMANN FOR CONGRESS on 06/27/05

Kevin Freeman (Cross Graphics/Artist), (Zip code: 76248) $527 to BACHMANN FOR CONGRESS on 05/18/06

Kevin Freeman (Cross Graphics/Artist), (Zip code: 76248) $750 to BACHMANN FOR CONGRESS on 05/18/06

Marnie Freeman (Cross Graphics/Artist), (Zip code: 76248) $1800 to BACHMANN FOR CONGRESS on 05/18/06

The paper’s author, Kevin D. Freeman, identifies on its title page as belonging to Cross Consulting and Services, LLC.

The Internet domain whois entry for the e-mail domain provided on the paper’s cover page points to Keller, TX, at GoDaddy.

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