In his endorsement of Kevin Freeman’s eye-opening book, “Secret Weapon: How Economic Terrorism Brought Down the U.S. Stock Market and Why It Can Happen Again,” former Congressman Fred Grandy mentions the “steady progress of jihad against America and its allies.”
That’s a very interesting phrase, and I think provides a key plank in understanding Freeman’s thesis that finance is as much tied to terror as bombs. “Secret Weapon” is breaking new ground in research, and I was impressed with it.
Freeman, currently CEO of Freeman Global Holdings, has also been a consultant for Congress, the CIA, FBI, SEC and Homeland Security. So he knows his stuff. What he uncovers and reveals in “Secret Weapon” is quite shocking.
When the Twin Towers went down 11 years ago, most of us didn’t understand that that event was but one battle in a very long war that had been in the planning stages for decades. In the West, our attention spans are short, and we think about quick results (100-hour ground war in Gulf War I, for example). Our enemies think in terms of centuries.
As Freeman points out, “The 9/11 plot also caused untold economic damage, with estimates ranging up to $500 billion.”
At their height, job losses in New York City alone reached 143,000 a month. When one factors in new federal agencies, wars in Iraq and Afghanistan, additional benefits, etc., it’s more likely that the plot cost us $5 trillion!
Those are science-fiction numbers, but real ones, and highlight a serious tactic on the part of our enemies, who are, I might add, jihadists.
Freeman adds tile after tile to the mosaic of his book, and his “Brief History of Economic Warfare,” in Chapter 2, is indicative of the meaty research that is critical for readers to digest. For example – and notice the totalitarian nature of these attacks – the Nazis counterfeited foreign currency “as a wartime tactic.” Perhaps it’s no accident that Muslim terrorists then learned at the knee of Hitler.
And Freeman points out that a 30-year boom market existed until 2007. He then began to notice trends that were directly affected by Muslim roots. Short-selling began to cause tremors in the financial structure of the U.S. and elsewhere, and Freeman began to be alarmed.
From 2007, he writes: “I sensed that world markets were becoming unstable, an inkling that was confirmed by the collapse of Bear Stearns in early 2008; one of America’s oldest investment banks fell victim to a short-selling blitzkrieg in just a few days. It was very rare for something of that size to disappear overnight. When I dug deeper, the story became even more unnerving – most of the selling appeared to be an illegal manipulation. Worse, no one seemed to care.”
He also makes a fascinating point in Chapter 4: “America’s enemies can be grouped into three categories: terrorist groups, state terror sponsors and individuals who want to see America’s capitalist economy replaced with a more redistributive one.”
In other words, terrorists and the occasional Dr. Evil. Freeman has a way of clearly spelling out exactly who our enemies are and what the stakes are.
Elsewhere, Freeman also points out that we still face an uphill battle in finding a solution to these problems, these attacks. Here I appreciate his realistic bent. He points out that a huge problem for our economic recovery is that when it comes to true oil price manipulation, “the OPEC nations are still kings of the hill.”
How baffling that our nation’s leaders have placed our fate in our enemies’ hands.
When Freeman alerts us to difficult truths in simple ways (“Almost half the planet’s wealth was destroyed in the 2008 financial crisis” – Blackstone CEO Stephen Schwarzman also said this is unprecedented). In “Secret Weapon,” Freeman builds on this information to show us where the next line of attack may come from.
Everything from regulatory policies to banking failures have contributed, and we must understand that our enemies are not simply 7th century nomads; they are sophisticated thinkers and innovative in using technologies to bring us down. It’s the guys in the suits and using elegant language that we need to worry about most.
Freeman points out that a well-orchestrated, global effort is in place to hijack more than planes. Spain’s intelligence services believe foreign speculation is designed to bring down the nation’s economy, and Greece’s intelligence services has investigated both U.S. and U.K.-based firms “for allegedly launching financial attacks on their money markets.”
All this data uncovered by Freeman in “Secret Weapon” has real-time value and practicality for us. Why? Because when you read this book and internalize the message, it’s easy to see that our choices in November – a Marxist change-agent, or a savvy, proven businessman – have the potential to make all the difference in our short-term future.