Secret Weapon

Secret Weapon

How Economic Terrorism Brought Down the U.S. Stock Market and Why It Can Happen Again

Book - 2012
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Explores the theory that America's enemies were responsible for the global financial crisis that began in 2008, claiming that a foreign agenda of economic terrorism successfully crippled the United States' economy.
Publisher: Washington, D.C. : Regnery Pub., c2012.
ISBN: 9781596987944
1596987944
Characteristics: 287 p. ;,24 cm.

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StarGladiator
Apr 21, 2013

Oh, wow, dude, it was really those Chinese-Commie-Islamo-Fascists and their helpers from outer space, or something! This book is sheer farce, and appears too similar to that vid that person or persons were attempting to spread around the Web in 2008 (they failed big time). They shipped all the jobs, technology and investment to China, now they're shipping the blame as well? No, the credit default swap and CDO variants originated within JPMorgan Chase, as did carbon derivatives, the latest installment of "shadow banking" - - and the Koch brothers pushed energy derivatives big time, as well. The usual suspects: JPMorgan Chase, Goldman Sachs, Morgan Stanley, Bank of America, Citigroup, Wells Fargo, Deutsche Bank, UBS, GE, AT&T and many private equity/leveraged buyout firms. Causes of global economic meltdown: the trinity of ultra-leveraging, ultra-leveraged speculation and ultra-leveraged insurance swindles (using naked swaps, or uncovered credit default swaps). [It was the bond market which collapsed - - those flash crashes of the NYSE were brought about thanks to Goldman Sachs' HFT software - - see articles on Sergey Aleynikov.] SERIOUS WARNING: the author is a hedge fund guy, and Perseus Distribution is owned by a hedge fund/PE firm at the time of publication.

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