“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.
How about this? Stop being a crook. Lock up the crooks. Then you can't have your economy collapsed by people who detect that you're a crook and decide to exploit that fact.
“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.”
Again, it's not very difficult to stop this. Lock up the banksters who have admitted that they were intentionally selling bad loans into the market and then go look for the others who haven't admitted to it yet and prosecute them as well.
The first phase of the economic attack, the report said, was the escalation of oil prices by speculators from 2007 to mid-2008 that coincided with the housing finance crisis.
In the second phase, the stock market collapsed by what the report called a “bear raid” from unidentified sources on Bear Stearns, Lehman Brothers and other Wall Street firms.
Oh this is rich.
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