This page has been archived and commenting is disabled.
A Conspiracy Theory I Just Can’t Buy
A confidential report from the Pentagon just made public says that the 2008 financial crisis was the result of targeted attacks by terrorists groups. A ramp up of oil prices that began in 2007 led to the bear raids against Bear Stearns and Lehman Brothers in 2008. The final phase may be in place now, forcing the US to engage in massive and unsustainable borrowing to cope with the Great Recession that followed. The consequent collapse of the dollar is assured.
Two firms, left anonymous in the report, were particularly aggressive in the execution of this plan, which engaged in highly leveraged purchases of credit default swaps and the shorting of stocks. It is believed they were acting as agents on behalf of unnamed enemies of the US. Was it China? Jihadists? Or the Duchy7 of Grand Fenwick?
I know that parties with advanced knowledge of the 9-11 attacks bought a massive position in American Airlines puts just days before, executed through Swiss banks. They never collected a windfall profit thought to exceed $200 million. So we know that at least terrorist friends are active in the market in big size.
However, this report sounds more like a John le Carre novel than having any bearing in reality. Did terrorists force Alan Greenspan to keep interest rates artificially low? Did they intimidate millions of subprime borrowers into taking out loans they could never repay. Did terrorists drug the SEC, putting them to sleep while bankers ran wild? Did Chinese agents lobby for the repeal of Glass Steagle?
I doubt it. It all sounds like a fantasy that squeezed through the cracks on a slow news day. I think the Pentagon better stick to their day job of blowing up stuff rather than analyzing financial markets.
To see the data, charts, and graphs that support this research piece, as well as more iconoclastic and out-of-consensus analysis, please visit me at www.madhedgefundtrader.com . There, you will find the conventional wisdom mercilessly flailed and tortured daily, and my last two years of research reports available for free. You can also listen to me on Hedge Fund Radio by clicking on “This Week on Hedge Fund Radio” in the upper right corner of my home page.
- advertisements -
Nope, it's the usual load of meaningless tripe that MHFT dishes out weekly, like some spoiled brat turning in an excuse for a book report.
Tyler - hope he's paying you at least $100k for each of these. I find them about as useful as the Cramer "mad money" ads. Hmmm, funny that both useless ads have the word "mad."
Duh - one of the "suspected terrorist organizations" - I have 2 guesses Goldman Sachs and/or the Fed - well they are the same thing so make that 1 guess
I know that parties with advanced knowledge of the 9-11 attacks bought a massive position in American Airlines puts just days before, executed through Swiss banks. They never collected a windfall profit thought to exceed $200 million.
You sure you didn't hear that in James Bond Casino Royale?
M says it about a third into the film.
I dunno. somebody made out well
http://911research.wtc7.net/sept11/stockputs.html
Hmmm...
>>>The fact that $2.5 million of the put options remained unclaimed is not explained at all by market pessimism, and is evidence that the put option purchasers were part of a criminal conspiracy.<<<<
It's not clear to me how many total "suspicious" put and calls were placed and how many got "paid off".
I clearly remember hearing and reading about this a couple of days after the attack.
There were suspect airline shorts and massive long positions in gold and oil. These were clearly out of the ordinary positions relativley speaking.
The counter-parties refused to pay up hoping to force the position holders out in the open. They never came forward.
What's a Glass Steagle? A kind of dog?
I think he meant a Glass St Eagle
the 2008 financial crisis was the result of targeted attacks by terrorists groups.
This is true.
The terrorists were called Goldman Sachs, JP Morgan, Bank of America, Countrywide, et al.
Charlie Sheen's reply: WINNING!
If you can locate the quotes from the day this "news" first aired, you'll find one gentleman making a metaphor saying it's "like box-cutters on airplanes"...
"Business Insider's Joe Weisenthal thinks the idea is laughable. But The Washington Times' Bill Getz, who unearthed the 2009 report, takes it more seriously. The author of the report, Kevin D. Freeman, worries that the Pentagon isn't paying enough attention to financial warfare--meaning our enemies can get away with it. When it comes to studying threats of economic terrorism, "Nobody wants to go there," an official tells Getz. Freeman explains. "This is the equivalent of box cutters on an airplane."
But not many accept Freeman's analysis. The government's Financial Crisis Inquiry Commission says the 2008 crash happened because a lot of big loans were given out to people who couldn't afford them, and a lot of firms bet on those loans. And Yale's Paul Bracken, who has studied economic warfare, sees "no convincing evidence that 'outside forces' colluded to bring about the 2008 crisis. ... Foreign banks and hedge funds play the shorts all the time too. But suggestions of an organized targeted attack for strategic reasons don't seem to me to be plausible."
What we need now of course is some airport like safety regulations to make tha market safer and more efficient
it's a bit bloody late for the US Govt to worry about financial terrorism... they're on the hook for $Trillions to their major competitors (China, Japan, Europe, Arabia, Libya and probably Russia too) ...who next will Timmay Gitner be begging to buy US Govt debt, Somalia???
If you deny this report, you hate America.
...or hate the delusional arseholes of the US Govt who fuk up eveything these public sector morons touch
what are they on at The Pentagon? ..spread it around Govt junk-heads, sounds good strong trippy stuff ....or just check the Pentagons air conditioning, the team that wrote this delusional tripe could be down-wind of the drug seizure room!
They are aren't on anything at the Pentagon. They just don't have any work to do. Got to make up stuff to justify the paycheck. DC is a very wealthy city.
the sad part is that there are always enough idiots who will believe this kind of BS.
This propaganda is tailor made for all the clueless Joe Sixpacs out there, and more people will believe this than any1 can imagine
I believe that any terrorist organization powerful enough to suspend the laws of physics and gravity for a day is clearly powerful enough to manipulate the US stock market.
it's like totally doable.
are these the same guys that can make NORAD fly in the wrong direction?
Desperate people say and do desperate things.
often leading to more desperation. desperation is a result of a lack of discipline and a major sign of gross incompetence.
http://covert2.wordpress.com
http://www.globaleconomicwarfare.com/
the conspiracy theory is correct
it is and was financial terrorism
they just are accusing the wrong folks of being the terrorists
SOROS, SOROS, SOROS. This is right out of his playbook. Only US is such a massive leap, it takes so many forces at once to bring about his intended result.
So now they TBTF banks are terrorists. Whoda thunk it.
Distract and deflect, the oldest game in the book.
Skip the sales hype and go directly to the main event:
Economic Warfare Report PDF
CNBC Closing Bell (3-2-11)
http://freemanglobal.com/Articles.html