War on your money underway

This undeclared war will hit your home, work, and all activity involving money.  A Department of Defense Irregular Warfare report, “Economic Warfare: Risks and Responses,” is very clear.  The author, Kevin D. Freeman, in an exclusive interview with Tulsa Today said, “My analysis was designed to demonstrate that there is a body lying in the street and here are the suspects with motive, means, and opportunity.  We now have the responsibility to determine forensically which suspect could have done it.”

While written as a hypothetical Freeman said, “The report proves without a doubt that it could have happened.  I will stand behind that very strongly.  Saying that it could have happened then, in a war games simulation effort for the Pentagon, is tantamount to saying this is a national security threat – an exposure America has that is so severe that it must be dealt with immediately.”  To read the full report, click here. (Tulsa Today PDF)

Why do you not know about this war on your financial security?  You may if you read The Washington Times story by Bill Gertz, “Financial terrorism suspected in 2008 economic crash.”  You may have seen Freeman’s interviews with Fox News Live with Megyn Kelly or CNBC with Maria Bartiromo, but when Glenn Beck featured the report, Freeman wrote on his blog, that “the story went on overdrive.”  Beck did not contact Freeman and said on-air he gathered a copy of the report from a “patriot in the Defense Department.”

At issue is the 2008 economic crash and the loss of an estimated $50 trillion of global wealth that evaporated in crisis.  Of that amount, more than a quarter of that loss was suffered by the United States and her citizens.  As a result of that crash and in addition to growing inflation visible on every trip to the grocery story, no less than the International Monetary Fund is now proposing the dollar be replaced as the world’s reserve currency posing even greater risk to household values and personal savings.

In short, the American economy has been; robbed, scammed, bamboozled, defrauded, punked, betrayed and plundered.  So why don’t all Americans know this story?  Why is the government not taking action?  Why are officials failing to honor their sworn oaths to “preserve, protect and defend the Constitution” when Article 1, Section 8 of that foundational document requires Congress to “coin money, regulate the Value thereof.”

Freeman told Tulsa Today, “the top response was ‘this is not my job’ and the second most frequent response I was given was that it doesn’t fit the political narrative.  Republicans want to blame the financial crisis on; government involvement in the housing market, government support of Fannie Mae and Freddy Mac, the Community Reinvestment Act, all of those.  The Democrats want to blame; lack of regulation, greedy Wall-Street Bankers, and so forth.”

“My return response to those officials was to suggest that now that we have a suspect list, we have a responsibility to determine forensically which suspect could have done it.  I began the forensic piece, but it was never funded,” Freeman continued.

“Washington officials would tell me how important the information was and how badly they wanted to move forward.  They would say funding was forthcoming in the next three weeks or so, but then I would go back three weeks later and they would repeat the same lines.

“Frustrated, I sat one of the guys down in a restaurant with several former intelligence officers, special operations personnel and others.  Finally, the guy said, ‘You’re getting the Washington slow dance.  They are trying to lead you on so you don’t go public with this.  They want you to flounder around forever if possible, but there is no intention of funding further study,’” Freeman told Tulsa Today.

Kevin Freeman is a native Tulsan and graduate of Tulsa’s Memorial High School.  He holds a BSBA, Economics University of Tulsa 1983, graduated with highest honors and served as the school’s Rhodes Scholar nominee in 1983 (achieved state finalist distinction).  Freeman co-founded with John Helander – The Adam Smith Foundation, Tulsa, Oklahoma, 1989 – 1993, promoting entrepreneurship and investment education on college campuses. The work of the Foundation was placed at Hillsdale College in 1993.  Freeman is a member – International Society of Financial Analysts, 1997 – 1998; Associate – Hillsdale College, Hillsdale, Michigan, 1996 – present; Public Policy Expert (Economics) – Heritage Foundation, Washington, DC, 1990 – 1992; Member – Economic Development Board, City of Keller, Texas, 2003-2004; Advisory Board – Liberty Institute, Plano, Texas, 2003 – present.

From the Executive Summary of the report the hypothesis Freemen presents is that a three-phased attack is underway with two of those phases completed to date:

The first phase was a speculative run-up in oil prices that generated as much as $2 trillion of excess wealth for oil-producing nations, filling the coffers of Sovereign Wealth Funds, especially those that follow Shariah Compliant Finance.  This phase appears to have begun in 2007 and lasted through June 2008.

The rapid run-up in oil prices made the value of OPEC oil in the ground roughly $137 trillion (based on $125 barrel oil) virtually equal to the value of all other world financial assets, including every share of stock, every bond, every private company, all government and corporate debt, and the entire world’s bank deposits.  That means that the proven OPEC reserves were valued at almost three times the total market capitalization of every company on the planet traded in all 27 global stock markets.

The second phase appears to have begun in 2008 with a series of bear raids targeting U.S. financial services firms that appeared to be systemically significant.

The bear raids were perpetrated by naked short selling and manipulation of credit default swaps, both of which were virtually unregulated.  The short selling was actually enhanced by recent regulatory changes including rescission of the uptick rule and loopholes…

While substantial, unusual trading activity can be identified, the source of the bear raids has not been traceable to date due to serious transparency gaps for hedge funds, trading pools, sponsored access, and sovereign wealth funds.  What can be demonstrated, however, is that two relatively small broker dealers emerged virtually overnight to trade ‘trillions of dollars worth of U.S. blue chip companies.  They are the number one traders in all financial companies that collapsed or are now financially supported by the U.S. government.  Trading by the firms has grown exponentially while the markets have lost trillions of dollars in value.’”

The risk of a Phase Three has quickly emerged, suggesting a potential direct economic attack on the U.U. Treasury and U.S. dollar.  Such an event has already been discussed by finance ministers in major emerging market nations such as China and Russia as well as Iran and the Arab states.  A focused effort to collapse the dollar by dumping Treasury bonds has grave implications including the possibility of a downgrading of U.S. debt forcing rapidly rising interest rates and a collapse of the American economy.  In short, a bear raid against the U.S. financial system remains possible and may even be likely.

Freeman told Tulsa Today the report “became available to the Department of Defense in late 2008 as information and in a formal report by June 2009.  The mini-white-paper was presented in January 2009.  I continued to write updates throughout the process saying the subject is serious and dangerous.  I have personally carried it to members of Congress.  I have taken it to the Special Senate Select Subcommittee staff, the FBI, and all around Washington D.C.

“I wrote a valid hypnosis that is well supported and well documented and certinely well worth exploring.  We spent millions of dollars on the Financial Crisis Inquiry Commission to find the cause of the crash, but while they received a copy of my report, it was not included in their examinations of documents.  My report has been vetted by some very substantial people and they all say this is a highly credible threat to America and the world economy and it needs to be further examined.

“My hope is that maybe someone somewhere is looking into this, but I have talked to many people in many different agencies and I don’t think anyone is doing anything.  I am, however, absolutely certain that after this has now come out on the international news that our enemies are looking at it.  If they hadn’t before, they are now,” Freeman added.

Interviewed by telephone on a Saturday morning as he sipped coffee in a McDonalds Restaurant during a Spring Break trip with his wife, children and friends in Tennessee, Freeman told Tulsa Today that daily news continues to support his hypothesis, “The Saudi Oil Minister recently said high oil prices are the result of speculation.  The presidents of several oil companies interviewed on national media say the reason oil is over $100 a barrel is speculation.  So those mechanisms of Phase One and Two are still operating.  Both are operating for the purpose of bankrupting the Treasury of the United States of America which is; to crash the dollar, replace the dollar as the reserve currency of the world, and drive America bankrupt and collapse our society.  This effort to turn America into Greece has been aided by our own spending, but most of what we have done has been in reaction to Phase One or Phase Two,” Freeman said.

“In Phase One the market became vulnerable and housing became even worse of a bubble problem because gas prices went up so severally.  People couldn’t pay both their mortgage and their gasoline bill.  Choosing between the two; gas to get to work became the priority so Phase One led to Phase Two.

“Likewise, Phase Two, when no one could borrow money, led to Phase Three where only the government could borrow money so they borrowed everything they could so we have had stimulus package after stimulus package after stimulus as a direct result of Phase Two,” Freeman said.

Tulsa Today asked Freeman to step away from opinion and analysis of the report which states the way things are to speak as a private person trained in economics and as an investor to answer the question, “What should America do to recover from and win this war against the economy?”

Freeman said, “We must reduce our dependence on foreign oil, but we can do that simply and quickly by utilizing natural gas reserves and new oil domestic fields.  We must reduce the amount of money we are sending out of the country – draining the treasury and the economy.  The United States has assets we can liquidate to reduce our debt – specifically, selling Federal land for business and development.  We should bring home overseas dollars because our corporate income tax rate is too high.  People can’t bring in earned income from overseas because the taxes are confiscatory.  At last report, we have a trillion dollars or so of overseas earnings that could be brought home to the United States for capital.

“We can grow and build our economy if we did the right things in regulation, fiscally, and in the monetary policy of these United States.

Step one is recognizing that we are engaged in an economic war.  This is not the global cooperation proposed by the Left for decades under the banner of “Free Trade.”  We are in an economic war which is not a trade war, but an understanding that other nations are playing for keeps and the United States must respond,” Freeman said.

“Step two is doing smart fiscal things at home.  People would be much happier if they had jobs and opportunity.  Around thirty-one percent of all income last year was from transfer payments – welfare from government.  If you add in government employees, then about half of all income is from the government.  We need private employment.

“It can be ‘Morning in America’ again as Ronald Reagan said if we will take the right steps.  These that I have outlined are not simple politically, but they are fairly simple economically that could bring sufficient capital into the United States to grow our economy.  We have great natural assets.  We have an educated, skilled and productive work force.  We just have to get people reoriented and thinking of growth.  I met Ronald Reagan once and he said, ‘Stop giving me credit for all these things.  All I did was get government the hell out of the way.’  That is what we must do,” Freeman added emphatically.

“What really bothers me is that this report came out and people got scared and wanted to hide from it.  What I would hope is that people would say; ‘Let’s go get the money back.’  If this money was stolen from us, let’s get it back.  We are the strongest nation on earth.  We can win this economic war,” Freeman declared.

“China in ten years can match our economy and our military, but why should we let them catch up?  We don’t need to drop bombs on anyone and trade with China is a good thing, but we need to recognize when China is counterfeiting and in other ways stealing from us.

Concluding, Freeman added, “Naked Short Selling needs to be stopped in the stock market.  Transparency needs to be brought to the market.  Hedge funds get angry when you talk about that because there is a lot of money to be made using the existing rules, but the rules must change because it is necessary to protect the populace.”

Freeman’s report has been attacked by organizations affiliated with one named within the report.  Soros Fund Management with 2008 earnings listed at $1.1 billion is owned by George Soros, the most visible substantial contributor in multiple venues to the election of U.S. President Barack Hussein Obama.  Established by Soros, the Open Society Institute’s stated goal is one world government.  Soros has admitted in recorded interviews that he has crashed four national economies, personally worked for the Nazis during World War II in taking property from German Jews and has achieved a level of comfort in thinking of himself as a god.

In a November 8, 2009 editorial in in The Japan Times, Soros wrote: “Twenty years after the fall of the Berlin Wall and the collapse of communism, the world faces another stark choice between two fundamentally different forms of organization: international capitalism and state capitalism.  The former, represented by the United States, has broken down, and the latter, represented by China, is on the rise. Following the path of least resistance will lead to the gradual disintegration of the international financial system. A new multilateral system based on sounder principles must be invented.

“While international cooperation on regulatory reform is difficult to achieve on a piecemeal basis, it may be attainable in a grand bargain that rearranges the entire financial order,” Soros wrote.

But has capitalism broken down or is it being murdered as Freeman’s report suggests?

Just a week before the Japan Times op-ed was published; Soros founded the New York City-based Institute for New Economic Thinking (INET), the group hosting an upcoming conference April 8, 2011 set at the Mount Washington Resort. The most recent INET conference was held at Central European University, in Budapest. CEU received $206 million from Soros in 2005 and has $880 million in its endowment now, according to The Chronicle of Higher Education.

The conference group George Soros has funded with an estimated $50 million will host the event to remake the entire global economic system.  Comprised primarily of his experts, the goal for such an event is to “establish new international rules” and “reform the currency system.”

According to a story by Dan Gainor of the Business and Media Institute, “More than two-thirds of the slated speakers have direct ties to Soros.  The billionaire who [said] ‘the main enemy of the open society, I believe, is no longer the communist, but the capitalist threat’ is taking no chances.”

Gainor writes, “Thus far, this global gathering has generated less publicity than a spelling bee.  And that’s with at least four journalists on the speakers list, including a managing editor for the Financial Times and editors for both Reuters and The Times.  Given Soros’s warnings of what might happen without an agreement, this should be a big deal.

“INET is bringing together prominent people like former U.K. Prime Minister Gordon Brown, former Fed Chairman Paul Volcker and Soros, to produce ‘a lot of high-quality, breakthrough thinking,’” Gainor writes.

“While INET claims more than 200 will attend, only 79 speakers are listed on its site – and it already looks like a Soros convention. Twenty-two are on Soros-funded INET’s board and three more are INET grantees. Nineteen are listed as contributors for another Soros operation – Project Syndicate, which calls itself “the world’s pre-eminent source of original op-ed commentaries” reaching “456 leading newspapers in 150 countries.” It’s financed by Soros’s Open Society Institute. That’s just the beginning,” Gainor continued.

“Have no doubt about it: This is a Soros event from top to bottom.  Even Soros admits his ties to INET are a problem, saying, ‘there is a conflict there which I fully recognize.’ He claims he stays out of operations.  That’s impossible.  The whole event is his operation,” Gainor wrote then concluding “this conference is all about – changing the global economy and the United States to make them ‘acceptable’ to George Soros.”

The greater question is what is acceptable to America?  Freeman in the Tulsa Today interview said he was often told that “this is not in our swimming lane,” but if the pool is empty, all lanes are the same.

Further, an independent national news website, The Blaze, has posted recordings of Steve Lerner, promoted at a March 19, 2011 conference as “of Service Employees International Union (SEIU), the Architect of the Justice for Janitors campaign.  Currently, he’s working on partnering with unions and groups in Europe and South America, it’s building campaigns to hold financial institutions accountable.”

That conference was also reportedly supported financially by George Soros.  Steve Lerner said:

…there are actually extraordinary things that we could do right now that would start to destabilize the folks that are in power and start to rebuild a movement. And for example, 10% of homeowners, going back to where you started, who are under, a quarter of all people who own a home are under water. Right?  Their home is under water, they’re paying more for it than it’s worth.  Ten percent of those people are now in strategic default, meaning they’re refusing to pay but they’re staying in their homes.  That’s totally spontaneous.  Right?  They figured out it takes a year to kick me out of my home because the mortgage, the foreclosure’s backed up.  I’m going to say I won’t pay.  It’s just what business does, it’s a good, a good business decision.  If you could double that number, you would make banks, put banks on the edge of insolvency again.

And so the question would be, what would happen if we organized homeowners in mass to do a mortgage strike. Just say if we get, and, and, if we get half a million people to agree, we’ll all not, we’ll agree we won’t pay our mortgages, it would literally cause a new financial crisis.

There are four things we can do that could really upset Wall Street.  One is if city and state and other government entities demanded to renegotiate their debt because they’re paying too much interest.  And you might say, well why would the banks ever do it?  Because they, the cities and counties could say we won’t do this and this in the future with you if you don’t renegotiate the debt now.  Meaning, about a third of bank profits generate from dealing with cities and states.  So we could leverage the power we have of government to say we won’t do business with you, JP Morgan Chase, anymore unless you do two things: you reduce the price of our interest, since your interest rate is down; and second, you rewrite the mortgages for everybody in the community so they can stay in their homes. We, we could make them do that.

The second thing is there’s a whole question in New York now about austerity and student’s rates and the question of the debt structure. What would happen if students said we’re not going to pay? It’s a trillion dollars. Think about your …sweeping that debt, a trillion dollars from students debt?

There’s a third thing that we could think about, what about if public employee unions, instead of them being on the defensive, put on the collective bargaining table when they negotiate they said we demand as a condition of negotiation that the government renegotiate, we want, we believe in good financial management.  It’s crazy that you’re paying too much interest to your buddy the bankers.  It’s a strike issue for us. We will strike unless you force the banks to relieve the debt of the city.  I’m not going to go through all the detail except to say there’s extraordinary things we could do and if you add on top of that, if we really thought about moving to the kind of disruption in Madison, but moving that to Wall Street and moving that to other cities around the country where we basically said you stole $17 trillion, you’ve impoverished us and we’re going to make it impossible for, for you to operate.

Labor can’t lead it, but we can be a critical part of it. We do have money, we have millions of members who are furious, but I don’t think this kind of movement can happen unless actually the community groups and other activists take the lead.  And that’s a big reversal of how a lot of these coalitions have even thought about it, so unions helping community groups, or communities who cover this narrowly. And if you’re see if we really believe that we’re in a transformative stage and what’s happening in capitalism, and we need to confront this in a serious way and develop a real ability to put a boot in the wheel, then I think we have to think not about labor community alliances. We have to think about how together we’re building something that really has the capacity to disrupt how the system operates.

And so I just, I guess raise that we need a whole new way of thinking about things, which is not a partnership, but building something new.  Because the bottom line is, as soon as the union gets sued, it’s going to be terrifying. When we get an injunction that says, you know, you, un, the union backs down. So we need to build a movement based on we know the oppression we’re going to face.  And I think the only way we can do that is to think much more creatively, and the key thing I …is we have to say what does the other side fear most?  They fear disruption, they fear uncertainty.  Every article about Europe says a riot in Greece, the markets went down.  The folks that control this country care about one thing: how the stock market does; how the bond market does; and what their bonus is. So I think we weed out a very simple strategy: how do we bring down the stock market, how do we bring down their bonuses, how do we interfere with their ability to, to be rich.  And if we don’t do, and that means you have to politically isolate them, economically isolate them and disrupt them. So, it’s not all theory, I’ll do a pitch.

So, a bunch of us around the country are thinking about who would be a really good company to hate?   We decided that would be JP Morgan Chase. …. And so we’re going to roll out over the next couple of months what will hopefully be an exciting campaign about JP Morgan Chase that is really about challenge the power of Wall Street.  And so what we’re looking at is in the first week of May, we get enough people together – we’re starting now – to really have a week of action in New York with the goal of … I don’t want to go into any details because I don’t know which police agents are in the room, but the goal would be that we would roll out in New York the first week in May.

Yes. …connect three ideas – that we’re not broke, there’s plenty of money; they have the money, we need to get it back; and that they’re using Bloomberg and other people in government as the vehicle to try to destroy us.  And so that we need to take on those folks at the same time and that will start here. We’re going to look at a week of civil disobedience, direct action all over the city, then we’ll roll into the JP Morgan shareholder meeting, which they moved out of New York because they were afraid, I guess, of Columbus, where there’s going to be a ten state mobilization to try to shut down that meeting. And then looking at bank shareholder meetings around the country and try to create some moments like Madison, except where we’re on offense instead of defense. Where we have brave and heroic battles challenging the power of the giant corporations, and we hope to sort of inspire a much bigger movement about redistributing wealth and power in the country.

Lerner is not a lightweight, but according to White House visitor logs, has visited the White House four times over the past two years – more than the majority of President Obama’s Cabinet Officials.  In short, his speech plans and solicits embezzlement from financial institutions for the purpose of destroying the American economy and capitalism in general – mass plunder on private enterprise and individuals.  Lerner calls for domestic economic terrorism if not treason upon America, all private wealth and all free people – mob rule in these United States.

In summary:

1.)  A Department of Defense Irregular Warfare Support Program contracted report by a credible industry expert makes a compelling case our economy is under attack,

2.)  A hedge fund operator named within the report is openly calling for a new financial system with a new world order and organizing upcoming meetings to forward that effort,

3.)  The President of the United States, Barack Hussein Obama is substantially supported by that hedge fund operator through thousands of organizations (policy and media) in his election effort and current administration,

4.)  Government officials are not responding to the threat.

5.)  A recent presentation by a long honored union organizer plans and solicits domestic economic terrorism.

6.)  While few in number, patriots in government and media are calling for your attention to these facts.

7.)  Our way of life is based on individual liberty, free enterprise, equality before the law and capitalism – the alternative is slavery by any name.