Pentagon report on economic warfare.

[Charles]

Originally Posted by bhunter

The writing was on the wall for quite a while before the 2008 debacle. I do not see a need for economic bogeymen to explain the economic downturn. The thought of having someone or a group to blame is comforting, but a system as complex as international finance can become quite unpredictable in its behavior without any nefarious action by rational actors.

You're correct that the problems were know about in advance of 2008, and steps that could have been taken to avoid the crisis weren't. considering that money moves on a global scale, I'm not sure that any steps taken in the US would have been enough to totally avert the crisis.

Whether the financial meltdown is a result of a system that is rotten, or a result of parties taking advantage of the weaknesses therein to attack the stability of the US, or simply enrich themselves, is a topic open for discussion.

I suspect it's a combination of all of the above, the percentages involved is where I'm at a loss.

Reinstalling some controls on the system make sense to me, along with hiring some people who are knowledgeable enough to enforce them. Your average flatfoot ain't gonna cut it.

Now simply because I don't know about it doesn't mean it's not happening, but has anyone else noticed any actions on regulatory reform or enforcement?

Chas