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Subject: Pentagon study economic warfare: China won
YelliChink    8/20/2011 9:02:47 PM
http://www.theaustralian.com.au/news/world/pentagon-prepares-for-economic-warfare/story-e6frg6so-1226118380617
 
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YelliChink       8/20/2011 9:03:59 PM

Pentagon prepares for economic warfare

Rickards is not a soldier but a banker. He was joined in the war game by dozens of his Wall Street colleagues, flown in from Manhattan to this bunker at the Applied Physics Laboratory in Maryland for the two-day event in 2009, when the Pentagon started to get really alarmed.

The group was split into five teams: America, Russia, China, Pacific Rim, and a "grey team", representing shady outfits such as terrorist organisations. They were sent into "bunker rooms" and told to use financial or economic tools - currency, debt, stocks, gold - to bring their enemies to their knees. Everything was conducted via computer, and they could be as devious and ruthless as they liked. The bankers liked.

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China won, without so much as reaching for a gun. And the soldiers looked at each other and wondered if it was still only a game.
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Very disturbing.
 
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Barton       8/20/2011 10:14:22 PM
Depends on how the simulation was programmed. You can THINK of many scary things that can not happen in real life (also simulations can not help you expect the "unexpected" either).
The bottom line, yea scary, but is a realistic scary?
 
It is hard to crash a economy (it HAS been tried). Can you hurt a economy? YEP! History has seen this done already.
The question as always is how much damage, how long to repair (if at all), and what other long term other effects would it have.
 
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