Wednesday, December 8, 2010

U.S. Military Prepares for Economic Collapse

Skeptics who continue to assert that the economic plight of the United States has been overstated need not look further than the Pentagon to find out just how wrong they are. CNBC has learned that the Pentagon is currently playing out “war games” pertinent to an American economic meltdown.

According to CNBC, “The Pentagon is planning for real economic threats to America.”

CNBC’s Business News analyst Eamon Javers explains:

Ever since the crash of 2008, the Defense Intelligence establishment has really been paying a lot of attention to global markets and how they could serve as a threat to U.S. National security interests. At one upcoming seminar that we’re going to see here next month, they’re going to be taking a look at a lot of the issues … [including] the use of sovereign wealth funds to manipulate markets, currencies; nation state economic collapse, sovereign default, nation state instability; U.S. Allies’ budgets, deficits, national security infrastructures.

Similarly, the Army has launched an operation called “Unified Quest 2011” in which it studies the “implications of ‘large scale economic breakdown’ inside the United States that would force the Army to keep ‘domestic order amid civil unrest.'” The Quest also trains the Army in how to “deal with fragmented global power and drastically lower budgets.”