Game Plan

by Kevin D. Freeman

  29.Ambrose Evans-Pritchard, “German ‘Wise Men’ Push for Wealth Seizure to Fund EMU Bail-Outs,” Daily Telegraph (UK), April 14, 2013, http://www.telegraph.co.uk/finance/financialcrisis/9993691/German-Wise-Men-push-for-wealth-seizure-to-fund-EMU-bail-outs.html?utm_source=GraphicMail&utm_medium=email&utm_term=NewsletterLink&utm_campaign=2013+King+Report+Master&utm_content=.

  30.Amy Feldman, “President Obama Thinks Your IRA Is Too Big,” Barron’s, Barrons.com, June 22, 2013, http://online.barrons.com/article/SB50001424052748704311204578555881264127620.html#articleTabs_article%3D0.

  31.Richard Evans, “‘There Will Be More Wealth Confiscation, without a Doubt,’” Daily Telegraph (UK), April 30, 2013, http://www.telegraph.co.uk/finance/personalfinance/investing/10027101/There-will-be-more-wealth-confiscation-without-a-doubt-Saxo-Banks-Lars-Christensen.html.

  32.“Government Took Gold in 1930, Now They’re Taking Bank Accounts,” World Order News, April 5, 2013, http://www.worldordernews.com/government-took-gold-in-1930-now-theyre-taking-bank-accounts/.

  33.“Hiking Taxes to Balance the Budget Would Require Doubling Tax Rates,” Federal Budget in Pictures, Heritage Foundation, accessed September 2013, http://www.heritage.org/federalbudget/entitlements-double-tax-rates.

  34.Lawrence Goodman, “Demand for U.S. Debt Is Not Limitless,” Wall Street Journal, March 27, 2012, http://online.wsj.com/article/SB10001424052702304450004577279754275393064.html.

  35.“IMF Members’ Quotas and Voting Power, and IMF Board of Governors,” International Monetary Fund, July 14, 2013, updated November 6, 2013, http://www.imf.org/external/np/sec/memdir/members.aspx.

  36.“Top Ten Reasons to Oppose the IMF,” Global Exchange, http://www.globalexchange.org/resources/wbimf/oppose

  37.Matt Krantz and Elizabeth Weise, “China Continues to Target U.S. Companies,” USA Today, May 29, 2013, http://www.usatoday.com/story/money/business/2013/05/29/china-shuanghui-smithfield/2369565/.

  38.Kenneth Rapoza, “The Foreign Companies That Are Buying Up America,” Forbes, Forbes.com, June 27, 2013, http://www.forbes.com/sites/kenrapoza/2013/06/27/the-foreign-companies-that-are-buying-up-america/.

  39.Michelle Caruso-Cabrera, “Forget the Headlines: Chinese Buying Big in U.S.,” CNBC.com, May 22, 2013, http://www.cnbc.com/id/100751502.

  40.Michael Snyder, “The Federal Reserve Is Paying Banks NOT to Lend $1.8 Trillion to the American People,” The Economic Collapse Blog, July 1, 2013, http://theeconomiccollapseblog.com/archives/the-federal-reserve-is-paying-banks-not-to-lend-1-8-trillion-dollars-to-the-american-people.

  41.Martin Hutchinson, “Why There’s No Real Inflation (Yet),” Money Morning, January 30, 2013, http://moneymorning.com/2013/01/30/why-theres-no-real-inflation-yet/.

  42.“The Worst Hyperinflation Situations of All Time,” CNBC.com, http://www.cnbc.com/id/41532451/page/9.

  43.Matthew O’Brien, “Hyperinflation Hype: Why the U.S. Can Never Be Weimar,” Atlantic, March 21, 2012, http://www.theatlantic.com/business/archive/2012/03/the-hyperinflation-hype-why-the-us-can-never-be-weimar/254715/.

  44.Tyler Durden, “Guest Post: Preparing for Inflationary Times,” Zero Hedge, March 31, 2013, http://www.zerohedge.com/news/2013-03-31/guest-post-preparing-inflationary-times.

  45.Marc Slavo, “Just in Time: When the Trucks Stop, America Will Stop (With Immediate and Catastrophic Consequences),” SHTFplan.com, April 2, 2012, http://www.shtfplan.com/emergency-preparedness/just-in-time-when-the-trucks-stop-america-will-stop-with-immediate-and-catastrophic-consequences_04022012.

  46.John S. Foster Jr., Earl Gjelde, William R. Graham et al., Report of the Commission to Assess the Threat to the United States from Electromagnetic Pulse (EMP) Attack, vol. 1: Executive Report (Washington, D.C.: Government Printing Office, 2004), 134–137, http://www.empcommission.org/docs/empc_exec_rpt.pdf.

  47.Ibid.

  CHAPTER FOUR

  1.Frank Gaffney Jr., “E.M.P. Vulnerability Invites Catastrophe,” Center for Security Policy, July 29, 2013, http://www.centerforsecuritypolicy.org/2013/07/29/e-m-p-vulnerability-invites-catastrophe/.

  2.Christopher Klein, “A Perfect Solar Superstorm: The 1859 Carrington Event,” History.com, March 14, 2012, http://www.history.com/news/a-perfect-solar-superstorm-the-1859-carrington-event.

  3.Ellie Zolfagharifard, “A Near Miss for Earth: Solar Flare That Could Have Knocked Out Power, Cars and Phones Came So Close Two Weeks Ago,” Daily Mail (UK), August 1, 2013, http://www.dailymail.co.uk/sciencetech/article-2382527/A-near-miss-Earth-Devastating-electromagnetic-pulses-knocked-power-cars-phones-occured-weeks-ago.html#ixzz2ggtgD0ws.

  4.F. Michael Maloof, “Now Lloyd’s of London Warns of EMP: Industry Giant Says ‘Extended Outage’ Could Be Measured in Years,” WND, July 28, 2013, http://www.wnd.com/2013/07/now-lloyds-of-london-warns-of-emp/.

  5.Zolfagharifard, “A Near Miss for Earth.”

  6.Ibid.

  7.Office of Electricity Delivery and Energy Reliability, Large Power Transformers and the U.S. Electric Grid, U.S. Department of Energy, June 2012, http://energy.gov/sites/prod/files/Large%20Power%20Transformer%20Study%20-%20June%202012_0.pdf.

  8.Eyder Peralta, “Kim Jong Il’s Legacy? ‘North Korea Is Dark,’” NPR, December 19, 2011, http://www.npr.org/blogs/thetwo-way/2011/12/19/143960966/kim-jong-ils-legacy-north-korea-is-dark.

  9.Henry F. Cooper, “Former CIA Director Warns about the Existential EMP Threat,” High Frontier, August 2, 2013, http://highfrontier.org/august-2-2013-former-cia-director-warns-about-the-existential-emp-threat/#sthash.WeuJhhzi.sMfshATu.dpbs.

  10.“Preventing Armageddon Would Cost Only $100 Million . . . but Congress Is Too Thick to Approve the Fix,” Washington’s Blog, November 22, 2012, http://www.washingtonsblog.com/2012/11/preventing-armageddon-would-cost-only-100-million-but-congress-is-too-thick-to-approve-the-fix.html.

  11.F. Michael Maloof, “Congress Told: U.S. Life ‘Unsustainable’ after EMP,” September 12, 2012, http://www.wnd.com/2012/09/congress-told-u-s-life-unsustainable-after-emp/.

  12.Michael Snyder, “A Massive Electromagnetic Pulse Could Collapse the Economy in a Single Moment,” Infowars.com, January 1, 2013, http://www.infowars.com/a-massive-electromagnetic-pulse-could-collapse-the-economy-in-a-single-moment/.

  13.Henry F. Cooper, “Former CIA Director Warns about the Existential EMP Threat,” High Frontier, August 2, 2013, http://highfrontier.org/august-2-2013-former-cia-director-warns-about-the-existential-emp-threat/#sthash.WeuJhhzi.sMfshATu.dpbs.

  14.See the EMP Coalition’s website at http://stopemp.org.

  15.Andrea Boland, “What Maine Did to Secure Its Electric Grid from Electromagnetic Pulse and Geomagnetic Disturbance,” OurEnergyPolicy.org, August 8, 2013, http://www.ourenergypolicy.org/what-maine-did-to-secure-its-electric-grid-from-electromagnetic-pulse-and-geomagnetic-disturbance/.

  16.Farhad Manjoo, “Apocalypse Then: A Two-Part Series on the Lessons of Y2K,” Slate, November 11, 2009, http://www.slate.com/articles/technology/technology/features/2009/apocalypse_then/was_y2k_a_waste.html.

  17.Qiao Liang and Wang Xiangsui, Unrestricted Warfare: China’s Master PLan to Destroy America (Beijing: PLA Literature and Arts Publishing House, 1999). FBIS translated selections available at http://www.c4i.org/unrestricted.pdf.

  18.“Doug Kass: Cyberattack Will Shut Down NYSE,” Moneynews.com, November 23, 2010 http://www.moneynews.com/StreetTalk/Doug-Kass-Cyberattack-Shut/2010/11/23/id/377907?s=al&promo_code=B2B1-1.

  19.Brian Wingfield, “Former Intelligence Chief Says a Cyber Attack Is Inevitable,” Forbes, Forbes.com, November 23, 2010, http://www.forbes.com/sites/brianwingfield/2010/11/23/former-intelligence-chief-says-a-cyber-attack-is-inevitable/print/.

  20.AFP, “Destructive Cyber Attack Inevitable: NSA Chief,” Spacewar.com, February 17, 2011, http://www.spacewar.com/reports/Destructive_cyber_attack_inevitable_NSA_chief_999.html.

  21.Devlin Barrett, “Hackers Penetrate Nasdaq’s Computers,” Wall Street Journal, February 5, 2011, http://online.wsj.com/article/SB100014240527487047093045761245023
51634690.html.

  22.Michael Riley, “U.S. Spy Agency Is Said to Investigate Nasdaq Hacker Attack,” Bloomberg.com, March 30, 2011, http://www.bloomberg.com/news/2011-03-30/u-s-spy-agency-said-to-focus-its-decrypting-skills-on-nasdaq-cyber-attack.html.

  23.Associated Press, “FBI Director: Cyber-Threats Will Become Top Worry,” Newsmax, March 1, 2012, http://www.newsmax.com/Newsfront/FBIDirector-Cybersecurity/2012/03/01/id/431171?s=al&promo_code=E4F7-1.

  24.Elisabeth Bumiller and Thom Shanker, “Panetta Warns of Dire Threat of Cyberattack on U.S.,” New York Times, October 11, 2012, http://www.nytimes.com/2012/10/12/world/panetta-warns-of-dire-threat-of-cyberattack.html?pagewanted=all&_r=1&.

  25.Jack Cloherty, “Cyber Terrorism: Al Qaeda Video Calls for ‘Electronic Jihad,’” ABCNews. com, May 22, 2012, http://abcnews.go.com/Politics/cyber-terrorism-al-qaeda-video-calls-electronic-jihad/story?id=16407875#.UcyosmCCI6F.

  26.Ken Jensen, “Cybersecurity: Still at the ‘Closing the Barn Door after the Horse Has Bolted’ Stage,” Weekly Standard, May 6, 2013, http://www.weeklystandard.com/print/blogs/cybersecurity-still-closing-barn-door-after-horse-has-bolted-stage_722528.html?nopager=1%5D.

  27.Shaun Waterman, “U.S. Banks Warned of Cyberattack on Accounts,” Washington Times, December 14, 2012, http://www.washingtontimes.com/news/2012/dec/14/us-banks-warned-of-cyber-attack-on-accounts/.

  28.David E. Sanger, “Mutually Assured Destruction: Old Concept in a New Venue,” Twin-Cities.com, June 2, 2012, http://www.twincities.com/ci_20770936/mutually-assured-destruction-old-concept-new-venue.

  29.Mark Buchanan, “Flash-Crash Story Looks More like a Fairy Tale,” Bloomberg.com, May 7, 2012, http://www.bloomberg.com/news/2012-05-07/flash-crash-story-looks-more-like-a-fairy-tale.html.

  30.Matthew Philips, “How the Robots Lost: High-Frequency Trading’s Rise and Fall,” Businessweek.com, June 6, 2013, http://www.businessweek.com/articles/2013-06-06/how-the-robots-lost-high-frequency-tradings-rise-and-fall#p1.

  31.Barry Ritholtz, “What Happens during 1 Second of HFT?,” The Big Picture (blog), May 7, 2013, http://www.ritholtz.com/blog/2013/05/what-happens-during-1-second-of-hft/.

  32.David Zeiler, “High-Frequency Trading Could Cause Another Flash Crash,” Money Morning, February 1, 2012, http://moneymorning.com/2012/02/01/high-frequency-trading-could-cause-another-flash-crash/.

  33.“Expert: HFT Has Gamed the System—There’s No Room for Traders Anymore,” Financial Sense, April 17, 2013, http://www.financialsense.com/contributors/fs-staff/dave-lauer/hft-has-gamed-the-system.

  34.Kara Scannell, “U.S. Brokerage Settles Manipulation Charges,” Financial Times, September 25, 2012, http://www.ft.com/intl/cms/s/0/fb30556c-074a-11e2-b148-00144feabdc0.html#axzz2XiqVVp4g.

  35.Maureen Farrell, “Mini Flash Crashes: A Dozen a Day,” CNN Money, CNN.com, March 20, 2013, http://money.cnn.com/2013/03/20/investing/mini-flash-crash/index.html.

  36.Jim McTague, “How Foreigners Could Disrupt U.S. Markets,” Barron’s, available through the University of Delaware Library, September 11, 2010, http://green.lib.udel.edu/webarchives/kaufman.senate.gov/press/in_the_news/news/-id=0a760c05-5056-9502-5df6-cc9220d44e1d.htm.

  37.John Bates, “Sniffing Out Socialbots: The Combustive Potential of Social Media–Based Algorithms,” Huffington Post, December 2, 2011, http://www.huffingtonpost.com/john-bates/financial-trading-algorithms_b_1125334.html?view=screen.

  38.Heidi Moore, “AP Twitter Hack Causes Panic on Wall Street and Sends Dow Plunging,” Guardian (UK), April 23, 2013, http://www.guardian.co.uk/business/2013/apr/23/ap-tweet-hack-wall-street-freefall.

  39.Jake Zamansky, “The ‘Twitter Crash’ Is ‘Flash Crash’ Redux,” Forbes, Forbes.com, May 1, 2013, http://www.forbes.com/sites/jakezamansky/2013/05/01/the-twitter-crash-is-flash-crash-redux/.

  40.David Zeiler, “Why the Twitter Flash Crash Should Make You Angry,” Money Morning, April 25, 2013, http://moneymorning.com/2013/04/25/why-the-twitter-flash-crash-should-make-you-angry/.

  41.Richard Miniter, “Hacked! When Will We Start to Defend America’s Computers?,” Gazette, June 23, 2011, http://gazette.com/article/120320.

  42.Rob Iati, “The Real Story of Trading Software Espionage,” Wall Street & Technology, July 10, 2009, http://www.advancedtrading.com/algorithms/the-real-story-of-trading-software-espio/218401501.

  43.“New Charges for Ex-Goldman Programmer in Code Theft Case,” Reuters, August 9, 2012, http://www.reuters.com/article/2012/08/09/goldman-programmer-charges-idUS-WEN697020120809.

  44.“Rep. Kanjorski: $550 Billion Disappeared in ‘Electronic Run on the Banks,’” Live Leak, February 7, 2011, http://www.liveleak.com/view?i=ca2_1234032281.

  45.Richard W. Fisher, “Ending ‘Too Big to Fail,’” remarks before the Conservative Political Action Conference, National Harbor, Maryland, March 16, 2013, transcript, Federal Reserve Bank of Dallas, http://www.dallasfed.org/news/speeches/fisher/2013/fs130316.cfm.

  46.Steve Denning, “Banks Still Too-Big-To-Fail,” Forbes, Forbes.com, March 24, 2013, http://www.forbes.com/sites/stevedenning/2013/03/24/banks-still-too-big-to-fail-six-things-the-fed-must-do/.

  47.Editorial Board, “Rogue Banks Remain Too Big to Fail: Our View,” USA Today, May 19, 2013, http://www.usatoday.com/story/opinion/2013/05/19/too-big-to-fail-15-capital-reserve-editorials-debates/2324843/.

  48.“Historical Debt Outstanding—Annual 2000–2012,” TreasuryDirect, last updated January 16, 2013, http://www.treasurydirect.gov/govt/reports/pd/histdebt/histdebt_histo5.htm.

  49.Becket Adams, “Sound Like Cyprus? The SEC Proposed This Strict New Rule on Money Market Account Withdrawals,” The Blaze, June 10, 2013, http://www.theblaze.com/stories/2013/06/10/sound-like-cyprus-the-sec-proposed-this-strict-new-rule-on-money-market-account-withdrawals/.

  50.George Soros, “One Way to Stop Bear Raids,” Wall Street Journal, March 24, 2009, http://online.wsj.com/article/SB123785310594719693.html.

  51.Vedant Misra, Marco Lagi, and Yaneer Bar-Yam, “Evidence of Market Manipulation in the Financial Crisis,” New England Complex Systems Institute, December 13, 2011, updated January 4, 2012, http://necsi.edu/research/economics/bearraid.html.

  52.Matthew Vadum, “Stephen Lerner, SEIU Neo-Communist Union Boss, Uses #OWS to Spread Fear, Economic Mayhem,” Breitbart.com, October 20, 2011, http://www.breitbart.com/Big-Government/2011/10/20/Stephen-Lerner--SEIU-Neo-Communist-Union-Boss--Uses--OWS-to-Spread-Fear--Economic-Mayhem.

  53.Peter Schiff, “The FDIC Lacks the Resources to Cover Major Losses in a Systemic Failure,” Peter Schiff Blog, March 24, 2013, http://peterschiffblog.blogspot.com/2013/03/the-fdic-lacks-resources-to-cover-major.html.

  54.“Ten-Year Treasury Yield Tops 2%,” Wall Street Journal, May 22, 2013, http://online.wsj.com/article/SB10001424127887323475304578498900160794578.html.

  55.Mark Trumbull, “Tax Revenue to Hit Record This Year. So Is Spending ‘the Problem’?,” Christian Science Monitor, March 4, 2013, http://www.csmonitor.com/USA/DC-Decoder/2013/0304/Tax-revenue-to-hit-record-this-year.-So-is-spending-the-problem.

  56.Jeff Cox, “Is the Dollar Dying? Why U.S. Currency Is in Danger,” CNBC.com, February 14, 2013, http://www.cnbc.com/id/100461159.

  CHAPTER FIVE

  1.Jared Cummans, “Seven Warren Buffett Quotes on Gold Investing,” CommodityHQ.com, October 2, 2012, http://commodityhq.com/2012/top-seven-warren-buffet-quotes-on-gold-investing/.

  2.Mike Fuljenz, “‘Buffett the Gold Slayer’ Doesn’t Understand Gold,” Moneynews.com, July 1, 2013, http://www.moneynews.com/MikeFuljenz/Buffett-gold-stocks-understand/2013/07/01/id/512816?s=al.

  3.Alan Greenspan, “Gold and Economic Freedom,” in Capitalism: The Unknown Ideal, ed. Ayn Rand (New York: New American Library, 1966). Essay available through the Constitution Society, http://www.constitution.org/mon/greenspan_gold.htm.

  4.“A History of Gold,” Daily Telegraph (UK), December 4, 2010, http://www.telegraph.co.uk/finance/newsbysector/industry/mining/8180569/A-history-of-gold.html.

  5.“Thomas Paine on Paper Money,
” Ludwig von Mises Institute, April 24, 2008, https://mises.org/daily/2942.

  6.“Thomas Jefferson: ‘Paper Is Poverty. It Is Only the Ghost of Money, and Not Money Itself,’” TheGoldStandardNow.org, http://www.thegoldstandardnow.org/jefferson.

  7.“Geo. Washington on Unfunded Paper Money,” BarefootsWorld.net, http://www.barefootsworld.net/gwpapermoney.html.

  8.Nathan Lewis, “A Brief History of the Dollar,” Huffington Post, November 6, 2009, http://www.huffingtonpost.com/nathan-lewis/a-brief-history-of-the-do_b_348253.html.

  9.Harry C. Veryser, It Didn’t Have to Be This Way (Wilmington, DE: Intercollegiate Studies Institute, 2012), 63.

  10.Adrian Ash, “Governments Still Heavy-Handed 80 Years after FDR’s Gold Confiscation,” Forbes, Forbes.com, April 5, 2013, http://www.forbes.com/sites/greatspeculations /2013/04/05/governments-still-heavy-handed-80-years-after-fdrs-gold-confiscation/.

  11.Richard G. Anderson, “U.S. Quantitative Easing: The 1930s,” Economic Synopses, no. 17, 2010, http://research.stlouisfed.org/publications/es/10/ES1017.pdf.

  12.Eric Rauchway, “How Franklin Roosevelt Secretly Ended the Gold Standard,” Bloomberg.com, March 21, 2013, http://www.bloomberg.com/news/2013-03-21/how-franklin-roosevelt-secretly-ended-the-gold-standard.html.

  13.Thomas E. Woods Jr., “The Great Gold Robbery of 1933,” Ludwig von Mises Institute, August 13, 2008, http://mises.org/daily/3056.

  14.Daniel Yergin and Joseph Stanislaw, The Commanding Heights (New York: Free Press, 1997), 60–64. Excerpt available at Commanding Heights, PBS, http://www.pbs.org/wgbh/commandingheights/shared/minitext/ess_nixongold.html.

  15.Dhara Ranasinghe and Ansuya Harjani, “Bernanke Doesn’t Understand Gold, Should We?,” CNBC.com, July 19, 2013, http://www.cnbc.com/id/100898244.

  16.Ralph Benko, “The Emerging New Monetarism: Gold Convertibility to Save the Euro,” Forbes, Forbes.com, June 13, 2011, http://www.forbes.com/sites/ralphbenko/2011/06/13/the-emerging-new-monetarism-gold-convertibility-to-save-the-euro/.