by KEVIN D. FREEMAN on OCTOBER 11, 2018
Share this...It feels as if the market is crashing. About 5% of values were wiped out the past two days. Clearly, the markets are overdue for a correction. Bull market corrections are sharp and scary, and this could qualify on both counts. This is October, after all. So, there may be no cause for alarm. But….
There are a few reasons to be at least a little suspicious about the rapid two-day retreat, with the Dow Jones Industrial Average falling about 1,400 points since Tuesday’s close. First, we know that Democrats are cheering. Bill Maher exposed the truth when he practically begged for a market crash. Then there is George Soros who knows quite a bit about market crashes and attacking economies. He would do just about anything to undermine the Administration. After the miserable failure to tear down Justice Kavanaugh, the libs are out for blood. They know that the strong economy and strong stock market are foundational underpinnings of the Trump presidency. And, they know that a stock market crash ahead of an election typically results in a political change. The party in power typically loses power. We certainly saw that in 2008.
A second reason to be concerned is that the Chinese are well aware of the impact of a stock market crash. And, the Chinese are prepared to meddle in our elections if it would undermine President Trump. Remember, the Chinese PLA authors of Unrestricted Warfare wrote that “a single manmade stock market crash…is a new-concept weapon.” Likewise, Russia has threatened our stock market. They said, “Russia is fully in control of the petrodollar and could cause the Dow Jones industrial average to plummet as it has never done before. One can wave the Stars and Stripes as long as one likes, but it’s a fact that the Russians can turn the US economy upside down . . .”
A third reason for concern is that the Deep State, including elements within the State Department loyal to former Secretary John Kerry, is pushing for a blowback against the US dollar. Kerry warned that an abandonment of the Iran nuclear deal would dethrone the dollar as the world’s primary reserve currency. Then, when President Trump rightly pulled us out, Kerry rushed to European leaders. Immediately, the talk was of abandoning the dollar-based system to circumvent any sanctions we might wish to apply.
When you see our market dropping and hear quiet cheering from the far left, our economic adversaries, and the deep state, you have reason to be suspicious. This is to tell you that this is precisely what is happening right now.
The markets may simply be poised for a very normal decline. And, they could recover reasonably in a short period. But if they are timed to destroy confidence before an important election, we have serious problems. This is an economic war and we cannot ignore the risks.
By the way, my show on CRTV has launched! Get a FREE TRIAL at www.economicwarroom.com. The latest episode on Congressional Corruption is out. You can also see our debut episode featuring Lt. Col. Allen West as well.
The Next Crash
by KEVIN D. FREEMAN on SEPTEMBER 15, 2018
It’s officially been ten years since the Lehman Brothers collapse ushered in a wave of panic and a stock market crash. The Dow was wobbling but really took a dive in that fateful week of September 11-15, 2008. Readers of this blog are aware of all of the suspicious activity that took place including very unusual trading out of the Middle East on the seventh anniversary of the 9/11 attacks. All of this was connected to a couple of Sovereign Wealth Funds, one of which was under the influence of a truly anti-American Muslim Brotherhood leader. Frank Gaffney referenced this in his Secure Freedom Minute this past week:
Are We Ready for Lehman Brothers 2.0?by Frank Gaffney, September 14, 2018
Ten years ago today, the global economy was rocked by the virtually overnight collapse of the major U.S. investment bank Lehman Brothers. The cost was measured not only in terms of the massive economic damage done. Arguably, the attendant political turmoil propelled Barack Obama to the presidency, enabling his stated ambition to “fundamentally transform” this country.
Veteran financial analyst and best-selling author Kevin Freeman contends that Lehman was subjected to a type of bear-market attack known as “naked short-selling.” His forensic investigation suggests it was engineered by Middle Eastern sovereign wealth funds of Qatar and the UAE. Worse yet, Mr. Freeman warns that the United States is dangerously vulnerable to economic warfare today. That’s particularly concerning at a time when another, potentially decisive election looms in which the strength of our economy is an even more important factor than usual.
The fact is that there was substantive financial terrorism and economic warfare underway in the last crash, including by Russia. It was never fully investigated and the findings of my reports to the Pentagon were swept under the rug for political narrative sake. The Obama team said then that it would look bad if anyone thought that a foreign nation would undermine our economy before an election as it might look like they were election tampering. Of course now we know that claiming election tampering is all the rage of the Deep State, RESIST movement, and the mainstream media. Ten years ago the weapon was crashing our economy. Today, it seems the weapon is buying a few Facebook ads.
The current question, however, is “What is next?” What will trigger the next meltdown? In my suppressed Pentagon report, the answer I gave was a massive buildup in Federal government debt combined with a big push to remove the dollar as the world’s reserve currency. We called that “Phase 3.” Of course, we have seen our total outstanding debt double in just 10 years from around $11 trillion to almost $22 trillion. And, the attacks on the dollar have become increasingly common. Ten years ago, there were more than a few raised eyebrows and quiet snickers among the elite. It is impossible to dismiss this threat today.
We also warned about cyber attacks and how they might threaten a new crash. Few paid much attention until recently. Harvard Business Review has an important article this week that makes the very points we have covered for a decade. It’s about time. I say “welcome to the party!”
Here is a brief excerpt:
How a Cyber Attack Could Cause the Next Financial CrisisPaul Mee and Til Schuermann September 14, 2018Ever since the forced bankruptcy of the investment bank Lehman Brothers triggered the financial crisis 10 years ago, regulators, risk managers, and central bankers around the globe have focused on shoring up banks’ ability to withstand financial shocks.
But the next crisis might not come from a financial shock at all. The more likely culprit: a cyber attack that causes disruptions to financial services capabilities, especially payments systems, around the world.
You can read the full article at this link: HBR: Cyber Attack Could Cause Next Financial Crisis.
There are several realities to keep in mind:
I had the opportunity to visit with several colleagues from the work done in 2008-09 this past week in Washington. The good news is that some of them are in very important positions and they are willing to listen. That was encouraging because there is always another crisis coming. Hopefully we can get better prepared this time.
A Conspiracy Against the Dollar? Actual Foreign Collusion
by KEVIN D. FREEMAN on SEPTEMBER 29, 2018
ALERT: The U.S. dependency on China for critical medications is dangerous. This is a serious national security and personal health issue. Check out this short clip and view the entire show at https://crtv.com/econ . #ChinaRX #EconomicWarRoom #KevinFreeman
Millions of Americans are taking generic drugs made in China by Chinese companies and don’t know it, and neither do their doctors who prescribe them.
Why Does Europe Prefer Iran? The Hand that Feeds Just Got Bitten (Again)
by KEVIN D. FREEMAN on OCTOBER 3, 2018
Share this...In our last post, A Conspiracy Against the Dollar? Actual Foreign Collusion, we showed how former Secretary of State Kerry has actively colluded with European powers against American interests, notably the dollar as the primary reserve currency of the world. All of this is an attempt to put the Obama Iran Nuclear Deal back in place despite President Trump’s noted withdrawal from it.
There are a couple of things to note. First, the State Department continues to label Iran as the #1 terror-sponsoring nation in the world. John Kerry knows this. He led the State Department and inexplicably crafted a bailout for a terror-sponsoring regime.
Second, even though Europe is trying to serve Iran’s interests by helping them evade sanctions, Iran is still sponsoring European terror. Talk about biting that hand that feeds. From Daily Caller:
OPINION: Europe’s Recent Brush With Iranian Terrorism — A Wake-Up Call for Governments And Press?Kenneth Maginnis | Lord Maginnis of Drumglass
Daily Caller, 11:20 AM 10/01/2018This is the reality: A career diplomat crossing European borders in a rented car while carrying a professionally made bomb, which bears a design favored by jihadists. In Luxembourg, he hands over the bomb to two would-be terrorists, long-standing residents of Europe who just look like any ordinary young married couple. They accept it with a clear mission in mind: to bomb a political rally in the largest convention center in France, located in the suburbs of Paris. If the plot is successful, it will kill many among the tens of thousands of people in attendance, among who were hundreds of dignitaries and parliamentarians from the United States, Europe and the Middle East. The couple put the bomb in the trunk of their Mercedes and the woman hides the detonator in her make-up bag. They head off toward the rally.
This may sound like the opening sequence of the latest James Bond film, but the chilling reality is that this really occurred in June. The explosives expert who doubled as a career diplomat is a real person called Assadollah Assadi – he is presently detained in Germany while the recipients of his bomb and one other operative are in jail in Belgium. With the prospective bombers having been stopped by Belgian authorities at the French border and the bomb being harmlessly detonated by special army units, this incident had a fortunately happy ending, but…
Assadi himself narrowly failed to escape back to Austria, where he enjoys diplomatic immunity in line with his multiple years of work in the Iranian embassy. Consequently, it appears likely that he may face justice for his attempts to facilitate the mass killing of Iranian expatriates and their Western supporters . . .
Basically, the Iranian government was behind a massive bombing plot targeting Paris and the world. The French know it and have actually blamed the Iranian Intelligence Services. And yet, the Europeans are still opposed to re-sanctioning the Iranian regime? They are so opposed that they are willing to threaten the US-led western financial system. How corrupt can you get?
Remember that even before the Obama deal with Iran, European banks were circumventing the sanctions illegally and got caught. Their attitude was such that they believed making money was more important than American-led sanctions designed to protect the world. In fact, the quote was “You f-ing Americans. Who are you to tell us we are not going to deal with the Iranians?”
Do they realize how much we Americans spend annually on the defense of Europe? While European myopia is terribly sad, it is even sadder that John Kerry has chosen the wrong side again. If the dollar’s reserve currency status is threatened, we will know who to blame.