Pentagon Preps for Economic Warfare
April 10th, 2009Via: Politico:
The Pentagon sponsored a first-of-its-kind war game last month focused not on bullets and bombs — but on how hostile nations might seek to cripple the U.S. economy, a scenario made all the more real by the global financial crisis.
The two-day event near Ft. Meade, Maryland, had all the earmarks of a regular war game. Participants sat along a V-shaped set of desks beneath an enormous wall of video monitors displaying economic data, according to the accounts of three participants.
“It felt a little bit like Dr. Strangelove,” one person who was at the previously undisclosed exercise told POLITICO.
But instead of military brass plotting America’s defense, it was hedge-fund managers, professors and executives from at least one investment bank, UBS – all invited by the Pentagon to play out global scenarios that could shift the balance of power between the world’s leading economies.
Their efforts were carefully observed and recorded by uniformed military officers and members of the U.S. intelligence community.
In the end, there was sobering news for the United States – the savviest economic warrior proved to be China, a growing economic power that strengthened its position the most over the course of the war-game.
Economic war? If ever there was evidence the state has lost sight of what an economy is, this would be it.
I wonder what Swiss politicians would say to that. But they’ll dismiss it because “that would be a conspiracy”. UBS became an all too american bank in the 90ies and we would have thrown them out of our country long ago. But there are taxes…
How could UBS receive a bail out from Swiss Gov. and at the same time organize against “foreign nations” … in the USA? And thinking nobody would know.