Tag Archives: Kevin Freeman

Global Effects of a Deteriorating US Navy

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With Rep. Rob Wittman, Kevin Freeman, Bill Gertz, Stephen Coughlin

Rep. ROB WITTMAN (VA-1), Chairman of the House Armed Services Committee’s Readiness Subcommittee:

  • No operational US aircraft carrier present in the Persian Gulf
  • Impact of non-deterrence in the South China Sea
  • Can Congress overturn President Obama’s rejection of the Keystone XL pipeline?
  • Trans-Pacific Partnership concerns

KEVIN FREEMAN, CEO of Freeman Global Investment Council, author of “Game Plan: How to Protect Yourself from the Coming Cyber-Economic Attack”:

  • Ability of the Obama administration to negotiate the TPP
  • Effects of Ted Koppel’s book regarding cyber warfare to the US electric grid
  • Economic issues troubling the Saudi Royal family

BILL GERTZ, Senior Editor at the Washington Free Beacon:

  • A new Russian drone submarine a threat to US ports and harbors
  • Communist China completing yet another test of its anti-satellite weaponry
  • Beijing’s complex space weapons program
  • US Air Force tasked with developing a new land-based ICBM

STEPHEN COUGHLIN, Author of “Catastrophic Failure: The Blindfolding of America in the Face of Jihad”:

  • How the Muslim Brotherhood hides behind inter-faith dialogues
  • Implications of the Countering Violent Extremism movement
  • Muslim Brotherhood’s hand in developing the CVE narrative

STEPHEN COUGHLIN PART TWO:

  • Whitewashing in US hate speech laws
  • How designating the Muslim Brotherhood as a terrorist organization changes the CVE narrative
  • Civilization jihad and death by one’s own hand
  • Supporting Egyptian leader el-Sisi against radical Islam

The Hijra Influencing Western Culture

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With Marc Lebuis, Benjamin Weinthal, J. Matthew McInnis, Thomas Scheber, Kevin Freeman

MARC LEBUIS, Founder and Editor-in-Chief of Point de Bascule:

  • Reactions to the recent election in Canada
  • Prime Minister Elect Justin Trudeau’s stance on multiculturalism
  • Latest surrounding Quebec Bill 59
  • Foreign influence in Canadian politics

BENJAMIN WEINTHAL, Research Fellow at the Foundation for Defense of Democracies:

  • How Muslim migration has affected Germany
  • Angela Merkel’s plea to Turkey
  • Germany’s unlikeliness to reestablish sanctions on Iran
  • Difficulty of defending Israel in Europe

MATTHEW McINNIS, Resident Fellow at the American Enterprise Institute, former Senior Iran Analyst at CENTCOM:

  • Is Iran nuclear deal equally binding for all parties involved?
  • Denuclearized Israel requested by the Mullahs in the JCPA framework

THOMAS SCHEBER, Vice President of the National Institute for Public Policy:

  • Importance of the United State’s nuclear deterrence
  • Dangers behind China and Russia’s nuclear modernization
  • Moscow’s strategy to build up their nuclear arsenal
  • Tom Scheber’s finding regarding the development of nuclear capabilities

KEVIN FREEMAN, Founder and Director of Freeman Global Investment, Senior Fellow at the Center for Security Policy:

  • How the hijra is a form of economic terrorism
  • China’s current economic warfare strategy
  • Repercussion from Beijing’s selling of American debt
  • Concerns around ISIS’s attempts to bring down the U.S. electric grid

Is Economic Warfare to Blame for Wall Street Downturn?

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With Kevin Freeman, James Simpson, Steve Emerson, Dr. Emanuele Ottolenghi

KEVIN FREEMAN, Author of “Secret Weapon: How Economic Terrorism Brought Down the U.S. Stock Market, and Why it can Happen Again”:

  • Monday’s stock market free fall
  • Is China’s economic collapse linked to the U.S. crash?
  • China and Russia’s role in economic warfare against the U.S.

JAMES SIMPSON, freelance investigative journalist, author of “The Red-Green Axis: Refugees, Immigration, and the Agenda to Erase America” (2015):

  • How refugee resettlement is leading to an unrecognizable transformation of the United States
  • A look into the lobbying on the Hill to bring un-vetted Syrian Muslim refugees into this country
  • The left’s slandering against those opposed to refugee resettlement, also known as “pockets of resistance”

STEVE EMERSON: Executive Director of the Investigative Project on Terrorism, Author of “Jihad Incorporated: A Guide to Militant Islam in the U.S.”:

  • U.S. servicemen barley thwart terrorist attack on Paris-bound train
  • The Muslim Brotherhood’s ties to mosques and radical Islam
  • Europe implementing no go zones: will they carry over into the U.S.?
  • Controversy over efforts to resist the Muslim Brotherhood

Dr. EMANUELE OTTOLENGHI, Research Fellow at the Foundation for Defense of Democracies:

  • How the sanctions relief will be used by the regime in Tehran
  • Iran’s relationships and penetration of Latin America
  • Acquiring targeting information for possible bombing of Iranian nuclear sites

Secure Freedom Radio is with Kevin Freeman on Chinese Financial Chaos

Kevin Freeman, a global financial analyst commissioned by the Pentagon, is one of the world’s leading experts on economic warfare and financial terrorism. He is the founder and CEO of the Freeman Global Investment Council, a senior fellow at the Center for Security Policy, and the founder of the National Security Investment Consultant Institute. After listening to the interview here, check out his most recent book “Game Plan: How to Protect Yourself from the Coming Cyber-Economic Attack”.

FG: Welcome to Secure Freedom Radio, this is Frank Gaffney, your host and guide on what I think of as an intelligence briefing on the war for the free world. A man who brings extraordinary intelligence to a part of the battle space is our first guest. He is Kevin Freeman, a man who I have come to know and admire greatly, now a Senior Fellow for the Center for Security Policy, but a financial management specialist by training, a person who worked with Sir John Templeton initially, but now has his own firm Cross Consulting Services Freeman Investment Global Counsel. He is also the founder and driving force behind a new indispensible institute, it is called the National Security Investment Consultants Institute and I have been privileged to participate in some of its training programs for investment advisers. Very grateful to Kevin for all of his work, also he is the author of two very important books dealing with the subject we will be talking about today. The first is called “Secret Weapon: How Economic Terrorism Brought Down the U.S. Stock Market and Why It Can Happen Again”. The second is “Game Plan: How to Protect Yourself From the Coming Cyber Economic Attack”. Kevin Freeman welcome back its good to have you with us sir.

KF: Thank you Frank

FG: Well I guess I wanted to start with what is going on with China? We’ve seen what I gather now two devaluations in as many days of its currency. What is up with that and then maybe we will talk about what the implications might be?

KF: Well basically for the past five years the Chinese working in conjunction with the Russians aimed with the purpose of removing the dollar as reserve currency and replacing it with the Chinese Yuan. And this past week The International Monetary Fund gave them a blow they weren’t expecting and said the Chinese Yaun was not ready for prime time and was not prepared to be part of the special drawing rights they use when they issue those loans to Greece and other places that need it and that essentially set China back. They were told that it simply was not internationalized enough, that it is too manipulated and too controlled as a currency and I think that reached a conclusion in China. The leadership said well if we can’t hold things together we are going to let things go the opposite direction at least for awhile, and it just unraveled the Yuan in international trading it was a move by the government and it has really eroded their initial intention claiming its to internationalize the currency, but what it is actually doing is returning to the mercantilist policies because their economy is just in shambles.

FG: Lets talk about those each other several bits. The economy is in shambles of course we have seen a course a major devaluation of the stock market in China in recent weeks Kevin. Is that also part of why the IMF acted as it did?

KF: Yes because the economy is in shambles. The currency is not nearly as strong as they are reporting. The government is trying to prop everything up and they have intervened in the market in a very unusual way actually buying stocks. They have been playing this game, control the economy, and for years we have been told that a managed economy is better than a free market economy, and that has become popular in the press.

FG: The China Model as I gather its been called.

KF: Exactly and that is all unraveling before our eyes. It is not successful, as they have been told, so as a result all this intervention has created forces that are unsustainable and now they are coming apart.

FG: Kevin Freeman you have been raising the alarm about Chinese, and Russian, and others economic warfare operations and ambitions. One aspect of which is the one you touched on earlier mainly an effort to displace the United States dollar as the reserve currency of the world. This step or this devaluation of the Yuan or the Renminbi clearly is at odds with trying to achieve that goal. Does that likely mean a permanent loss for the Chinese or is this just a temporary setback in regards to that kind of campaign.   

KF: Well, I think it’s just a temporary setback in terms of their intention. I don’t know if they’ll be able to pull it off; I never have known that. The problem with the dollar as reserve currency is it’s…we’ve got our own flaws. We have our own massive budget deficits and debt. The dollar is not a good long-term global solution as a reserve currency, at least under current policies. Yet, if we remove it, it’s going to dislocate us much as we’re seeing China being dislocated now. So we have our own problems. The good news is we have fewer problems at the moment than China does, and they’re setback in their attempts to replace us. But I don’t think they’ll give up that attempt. They know how powerful and how important it is, and that is a clear act of economic warfare. This is the same group of people that is hacking everything that we do. They’re stealing secrets right and left. They won’t give up on this ambition.

FG: When you look at what is happening at the moment, and you’re using fairly stark terms reminiscent of another one of our friends and colleagues, Gordon Chang’s, to describe what’s happening in China, I take it you regard this as simply as a symptom of a very fundamental problem within both the economic and political space in China, not simply the sole problem that they are confronting.

KF: Absolutely. This is a Communist nation that is very belligerent, that has global domination plans, and their economy is backward, underdeveloped, it’s overdeveloped in the wrong areas because it has been so over-managed. They need to move to a free market system, and they need to move to a democratic system like we have, and then they can be great citizens of the world. The people are great; the potential is enormous. But they’ve been going about it the wrong way, and they’ve been going about it in what I’ve described as a global economic war. And they’ve been fighting it, and this currency war that they’ve begun is really part in parcel with that even though it’s moving in the opposite direction of how they had been moving. It’s still manipulated, controlled, and with the intention of establishing China as the dominant power in the world.

FG: A currency war indeed. Let me ask you about one other piece of this. When we’ve discussed this, including as recently as earlier this week with Gordon Chang, he continues to believe that what this will result in, this internal difficulty for China in so many different spheres is a lash out. You obviously see that as something that is already happening, and it is intensifying the economic warfare. But, Kevin Freeman, do you regard what’s taking place now in the South China Sea, including these island-building operations and live fire exercises and claims of sovereignty, as further indications that this lash out may turn into a kinetic kind as well?

KF: Absolutely. Economic wars often turn into shooting wars, and when you have a wounded dragon, as we have now economically, the same people that want to guarantee China’s dominance that they can’t see it guaranteed through economic means they will lash out and use physical means or attempt to use physical means. This is how frightening wars begin.

FG: Are we prepared either for the kind of economic war or specifically currency war let alone the kinetic kind in your judgment, Kevin Freeman?

KF: No, because our nation has been culturally infiltrated to such a degree that you’ll see China apologists on the news now, “Oh no, this is very normal activity; it’s very understandable.” And they’re apologizing for these really strong efforts to derail the dollar at one point or to manipulate and control the world economy. And this “oh no, they’re our friend,” that is the problem. We’ve been culturally infiltrated to such a degree that we are not at all prepared, and so it will come as complete shock when they do something that is so obvious. Alibaba is a great example. We just welcomed Alibaba with open arms. Those people who bought Alibaba’s stock when it IPO’ed at 80 or when it got to 112 last November are probably concerned now that they’re seeing it down to $72 a share.

FG: Wow, well this is just one manifestation as you say Kevin of a much larger problem with which you are intimately familiar and of which you are one of the most clear-eyed and I think effective experts. Keep up the good work, my friend, not least with the National Security Investment Consultant Institute, a great outfit doing really important work. Kevin Freeman, the author of “Secret Weapon” and “Game Plan.” Check them out. Also, his website which is, Kevin…

KF: Secretweapon.org and NSIC.org.

FG: Kevin, thanks, we’ll talk to you again very soon.

Is the U.S. Ready for Chinese Economic Aggression?

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With Kevin Freeman, Diana West, Dr. Peter Huessy, Amb. Roger Noriega

KEVIN FREEMAN, Founder and CEO of the Freeman Global Investment Council, Founder and Chairman of the National Security Investment Consultant Institute:

  • China’s devaluation of the stock market and the International Monetary Fund’s reaction
  • Will Beijing’s economic woes proceed into a developing armed conflict?
  • The United States is underprepared for an economic war with China

DIANA WEST, Syndicated Columnist:

  • Hillary Clinton finally turning private email server into federal authorities
  • Will Huma Abedin skate free in the emailgate scandal?
  • The natural outgrowth of American Jihad and its pull to join ISIS
  • Bill in the Quebec provincial legislator that would adopt a “hate speech prohibition”

Dr. PETER HUESSY, President of GeoStrategic Analysis, Senior Fellow at the American Foreign Policy Council:

  • Responding to the president’s claims that the Iran deal will block Tehran’s path to a nuclear bomb
  • How the IAEA’s role in the agreement is troubling and unclear to the United States
  • The prospects of a nuclear arms race in the Middle East
  • Arms control advocates more concerned with the U.S. nuclear arsenal than that of its adversaries

Amb. ROGER NORIEGA, Former Assistant Secretary of State for Western Hemisphere Affairs:

  • How Iran will utilize sanctions relief for nefarious purposes in Latin America
  • Implications of lifting sanctions on and removing from terrorist lists, specific Iranians involved in criminality and terrorism in the Western hemisphere
  • The status of Iran putting missiles in Venezuela
  • Obama’s attempted ‘charm offensive’ towards Caracas
  • How to deal with the possibility of a collapsed Maduro regime

Breaking News: Traitorous Deal

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With Andy McCarthy, Prof. William Inboden, Kevin Freeman, Anthony Kimery

ANDY McCARTHY, author of “Willful Blindness” and former federal prosecutor:

  • President Obama’s nuclear deal with Iran
  • Does this deal limit Israel’s options to deal with Iran?
  • Possible options left on the table to reject the deal

Prof. WILLIAM INBODEN, former Director for Strategic Planning on the National Security Council under George W. Bush:

  • The “White House Bubble” and the President’s overactive historical imagination
  • An opposition policy to Bibi Netanyahu
  • A lack of objective reporting throughout coverage of the Iran negotiations
  • Encouraging an Iranian hegemony in the Middle East as part of Obama’s grand strategy of a new international order
  • Comparing Presidents Obama and Reagan

KEVIN FREEMAN, Founder and CEO of Freeman Global Investment Counsel and author of “Game Plan: How to Protect Yourself from the Coming Cyber-Economic Attack”:

  • Last week’s crash of the New York Stock Exchange
  • Possible economic terror threats from hostile countries
  • Lloyd’s of London’s report on cyber attacks to electrical grids
  • Consequences of Iranian sanctions relief
  • Recent trends in the Chinese markets

ANTHONY KIMERY, Editor-in-Chief of Homeland Security Today:

  • Iranian threats to the U.S. electric grid
  • CYLANCE report of Iran hacking into the electric grid
  • The “Recovery Transformer Program”

Obstacles to Nuclear Verification

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With Rep. Chris Stewart, J. Peter Pham, Andy McCarthy, Kevin Freeman

Rep. CHRIS STEWART (UT-2), House Intelligence Committee member and member of the House Appropriations Committee’s State, Foreign Operations, and Related Programs Subcommittee:

  • Nuclear proliferation in the Middle East: the most dangerous threat to this generation
  • The “military instillation” obstacle in the original Iran framework agreement
  • The role Congress will play – if any – in a final nuclear agreement with Iran

Dr. J. PETER PHAM, Director of the Africa Center at the Atlantic Council:

  • Last week’s assault on Garissa University College—Kenya’s deadliest terrorist attack since the 1998 U.S. Embassy bombing
  • Repercussions of an imbalance in training and equipment between Al-Shabaab and Kenya’s police force and intelligence service
  • How will the newly-elected President of Nigeria Gen. Buhari combat Boko Haram?
  • Signs that David Axelrod and the Obama administration possibly influenced the recent Nigerian presidential elections

ANDY MCCARTHY, Contributing Editor with National Review Online and former federal prosecutor:

  • Is the President’s collusion with a foreign power against Congress’ wishes worthy of impeachment?
  • Sen. Bob Menendez (D-NJ) and politicized prosecutions
  • Why the window for Hillary Clinton to testify on Benghazi is closing fast

KEVIN FREEMAN, Founder of the National Security Investment Consultants Institute and Senior Fellow at the Center for Security Policy:

  • Responses of European governments to the invitation to join the Asian Infrastructure Investment Bank
  • Where Russia stands on a Chinese-led alternative to the IMF and World Bank
  • Efforts to transition the renminbi to reserve currency status to market China’s debt to the international community
  • Should Congress give President Obama authority to fast track the U.S. into the Trans-Pacific Partnership Trade Agreement?

Financial Enemies Fighting for America’s Collapse

Kevin Freeman, Founder of the NSIC, is featured in a news piece produced by CBN News.

By: Mark Martin

The United States has been at war since 2001, and America must not let down its guard.

One of the newer threats to national security is economic warfare. Its goal is to cripple a country’s economy, rendering it weak and ineffective.

A Different Kind of War

When you think of war, images from the battlefield or troops scouring city streets in search of terrorists probably come to mind.

Another arena is the financial front. In economic warfare, enemies use financial markets as weapons to attack national interests.

“There are a half dozen different kind of systemic attacks that could hit America, whether it’s a cyber attack, which is a really serious problem, one that the national security people call a “cyber Pearl Harbor,” Kevin Freeman, the founder and chairman of the National Security Investment Consultant Institute, or NSIC, told CBN News.

Examples of cyber attacks include the recent hacking of Sony and the embarrassment of the military’s Central Command by ISIS.

A more feared scenario would be an electromagnetic pulse attack, or EMP, designed to wipe out our electric grid and computer chips across the country.

That’s not all.

“There are mercantilist and predatory trade practices; dumping of foreign products on American markets in order to put American businesses out of business,” said John Lenczowski, founder and president of The Institute of World Politics, a national security and international affairs school in Washington, D.C.

“There is the selling of counterfeit products which gravely damages all sorts of American businesses,” he said.

“It could be a settlement attack, where they take down our ability to settle trades on the New York Stock Exchange,” Freeman added. “Or a banking attack, where literally you turn on, log in, and there’s nothing left. These are the kind of financial warfare attacks that we see preparations for daily, and we see examples of attempts almost daily.”

Marketplace, Battlefield or Both?

That’s why Freeman and others formed the NSIC.

CBN News spoke with Freeman at the organization’s Founders Class, attended by an elite group of financial advisors and national security experts.

NSIC leaders say their mission is to promote awareness about economic warfare and to equip leaders to enhance national security, to protect the American economy and to improve investor results.

“It is an important mission in helping people to move away from the traditional concepts and ways of doing things and getting them to accept and then practice new ways that give us a greater level of protection if we do have a collapse. Or it may not be a collapse; it may just be a severe downturn in our markets,” Lt. Gen. William “Jerry” Boykin, former commander of the Delta Force, told CBN News.

Boykin spoke to the NSIC Founders Class. The retired general knows the importance of being prepared for battle, and the necessity of shoring up our economic defenses in this new era.

“What we see as a marketplace of goods internationally our enemies see as a battle space,” Freeman summarized.

Former CIA operations officer and intelligence analyst Clare Lopez talked about the importance of studying risk.

“For the first time, you’ve got financial money managers who need to understand things about risk, hearing from national security people, like myself, who have a worldview or an understanding of some of the national security or international security risks out there,” Lopez explained.

“They’re hearing from us how those risks can affect their own decision-making and their ability to protect their clients’ money,” she said.

Prepared to Fight

CBN News spoke with financial advisors about learning tactics for this fight.

“We’re just trying to be servants to our clients, to build and protect their legacies, to try to further the United States and its purposes in the world, and to do what’s right for our clients and our country,” Randy Long, a wealth manager and lawyer, said.

“I can talk about all these financial things that I’ve been trained in for so many years, but I didn’t realize how many forces are out there to attack it and how I can better be prepared to address those issues before they happen,” Janice Thompson, who leads a wealth management company, said.

“It’s important to understand not only what our enemies our doing to bring down our entire culture and our society and everything we stand for, all of our first things, but it’s also important to understand who’s behind these tactics,” Joseph Schmitz, former U.S. Inspector General, said.

And who are the forces that might mount such an attack?

“I think you do have to look first of all at the big international players like Russia, like China, but certainly Iran as part of that,” Lopez said. “Al Qaeda, the Muslim Brotherhood, these jihadist organizations – they are very much involved in financial warfare.”

So knowing suspected enemies and what they’re up to in the tricky arena of economic warfare becomes a new battle plan with new soldiers.

The goal: help market leaders, financial advisors and their clients stay aware to keep our economy stable and better protected to withstand enemy attack.

This article was originally published at CBN News

Preying on Western Economies

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With Kevin Freeman

KEVIN FREEMAN, author of “Game Plan: How to Protect Yourself from the Coming Cyber-Economic Attack”:

PART ONE

  • A synopsis of economic warfare
  • Understanding the 2008 financial collapse as an attack on the U.S. economy
  • “Naked short-selling” of Lehman Brothers shares and the Russian bear raid on Fannie Mae and Freddy Mac
  • Saudi Arabia’s manipulation of oil prices to bring down the U.S. energy sector

PART TWO

  • Domestic production of shale oil’s contribution to the majority of U.S. economic growth since the 2008 collapse
  • The need for continued investment into U.S. energy development in order to finance the drilling of new wells
  • The impact of dropping oil prices on Iran, Venezuela, and Russia
  • Correlation between American prosperity and the strength of the reserve currency status

PART THREE

  • Are the BRICS nations trying to undermine the U.S.-established, post-WW2 economy?
  • A form of international currency that has the infrastructure and strength to replace the dollar
  • Sovereign wealth funds and Shariah-compliant financing

PART FOUR

  • Cyber vulnerabilities of U.S. critical infrastructure and financial institutions
  • Dangers to consumer privacy from the Chinese information technology giant Alibaba
  • Reasons behind the creation of the National Security Investment Consultants Institute
  • National security experts and investment advisors brainstorming to merge the goals of Washington and Wall Street

Al Qaeda Targets Oil Tankers, Sea Lanes

Al Qaeda is urging jihadists to conduct attacks on U.S. and foreign oil tankers and strategic sea lanes in a new global campaign of economic warfare against the United States, according to the terrorist group’s latest English-language magazine.

“Even if a single supertanker (or even an ordinary westbound cargo-vessel) were to be attacked in one of the chokepoints or hijacked and scuttled in one of these narrow sea lanes, the consequences would be phenomenal,” wrote al Qaeda member Hamza Khalid in the recently published, 117-page al Qaeda magazine “Resurgence.”

The magazine is a key recruiting tool and propaganda organ for English speakers from the group once headed by Osama bin Laden, whose death is lamented in one article by current leader Ayman al Zawahiri. The magazine contains articles on al Qaeda’s new drive in Southwest Asia, and recruiting women into its ranks, and makes vague references to al Qaeda’s current feud with the rival Islamic State, that has seized parts of Syria and Iraq.

The article on economic warfare includes maps showing strategic shipping lanes around the world and key oil chokepoints, like the Strait of Hormuz in the Persian Gulf, where up to 35 percent of the world’s ship borne oil passes, and Southeast Asia’s Strait of Malacca, the strategic passage for oil from the Middle East to Asia.

“It represents the Achilles heel not just of the energy market, but also of western economies dependent on oil from the Muslim world,” Khalid stated.

“A sustained disruption in this supply system would not only increase insurance costs for international shipping, but also affect the price of oil globally.”

Khalid called for attacks on both U.S. military facilities near oil chokepoints and energy supply lines.

Attacks on oil tankers would cause a spike in oil prices, increases in shipping rates and insurance, and a boost in military spending to assure open sea lanes, he stated.

“Simultaneous attacks on western shipping or western oil tankers (a sea-based version of the cargo plane bomb plot) in more than one chokepoint would bring international shipping to a halt and create a crisis in the energy market.”

Khalid also called for attacks on western oil workers in the Middle East, including Saudi Arabia, as well as more sophisticated and hard-to-carry-out attacks against U.S. Navy facilities in Diego Garcia, Bahrain, and Djibouti.

“A coordinated effort to disrupt enemy shipping in the future in all of these regions would not only hurt the enemy economically, but also stretch their resources further in this global war,” Khalid stated.

American al Qaeda member Adam Gadahn stated in a second article headlined “besiege them” that “it is time for us to fight fire with fire, and impose our own blockade and embargo on the Jews and crusaders, by hitting them where it hurts and striking the heart and lifeblood of their economy, represented by international trade and finance.”

Gadahn said the global economic system currently is “fragile and vulnerable” as the result of unrest in the Arab and Muslim world and debt and budget crises in Europe and the United States.

Al Qaeda plans to use the current “war of attrition” underway against the United States to force the collapse of the global economic system.

Targets for the economic warfare campaign include cargo ships and merchant vessels in “Islamic waters,” actions aimed at closing off canals and straits, and disrupting shipping routes “wherever and however possible.”

“Any of their ships are legitimate targets, but exports are the key to any economy, including the economies of the West,” Gadahn wrote. “The mujahideen must seek to deprive the enemies of the precious oil and mineral resources they are stealing from us and using to fuel their war machine, by sabotaging crusader-run oil wells and mines in Islamic lands and destroying pipelines before the oil reaches the coast and falls into enemy hands, and by sinking their supertankers and sabotaging their oil rigs in enemy waters, and in the process, ruining their lucrative fishing industries.”

Other economic measures include a boycott of U.S. products and retailers including Walmart, McDonald’s, Proctor and Gamble, Microsoft, Nestle, and Unilever. The use of banks also is to be avoided and al Qaeda is advocating reinstating the use of gold and silver as a medium of exchange.

Gadahn stated that al Qaeda wants Muslims to break away from the global financial system.

“The path to victory over our enemies and the establishment of our caliphate isn’t confined to armed action alone, but includes all legitimate ways and means which support, strengthen, and advance the military effort and lead to our success in this battle for the future of the Muslim [world],” Gadahn said. “So don’t delay, and play your part in the jihad today, whether your part be military, financial, economic, educational, motivational, or otherwise.”

Retired Lt. Gen. Jerry Boykin, a former Special Forces commando and undersecretary of defense for intelligence during the George W. Bush administration, said Islamic terrorists are keenly aware of American reliance on Mideast oil.

“They know that our economy is fragile and can be devastated by sudden increases in the global oil prices,” Boykin said in an email. “It is obvious that they will try to attack our weaknesses and oil is clearly one of our major vulnerabilities.”

The article is another indication that Islamists “are indeed an enemy and they have in fact declared war on America,” Boykin said.

Kevin Freeman, an expert on economic warfare, said al Qaeda as early as 2005 outlined a timeline for its war against the West that included fomenting an Arab uprising and then launching an economic warfare campaign.

“It has always been an economic war,” Freeman said. “From the first attacks on the World Trade Center until now, al Qaeda has used an economic warfare playbook modeled on the Chinese doctrine of unrestricted warfare.”

Freeman said the al Qaeda magazine articles bolster the findings of a report to the Pentagon in 2009 on economic warfare outlining terrorists’ use of the tactic of attacking oil targets.

“Our enemies know that stopping the flow of oil, crashing our stock market, or collapsing the dollar are the paths to America’s destruction,” he said.

“The al Qaeda timeline has, since at least 2005, planned a new caliphate and Islamic State aimed against the West and Israel,” he added. “To accomplish this, they knew even back then, required an attack on Western economies.”

Freeman said the United States has spent hundreds of billions of dollars on weapons systems but has ignored repeated credible evidence of economic attacks and threats against our financial infrastructure and power grid.

The al Qaeda threat to oil shipments also underscores the need to end America’s reliance on foreign oil supplies with North American oil production, Freeman said.

“We also have to shore up our financial infrastructure, protect the dollar, and guard our power grid,” said Freeman, author of a book on the subject, Game Plan.

“Individuals must prepare their investment portfolios for resilience in an economic war.”2