9/11: How Bin Laden Destroyed America and her Economy.

Let’s face it, America and her economy have been ruined government debt is massive, right now America can’t even afford to pay the curators at the famous museums of Washington. The question on everyone’s lips is “how did we get here?” Now I know that many will disagree with my assessment of this crisis, people will point to the simple fact of people living beyond their means and lots of bad debt but I personally think the answer to the aforementioned question is the attacks of 9/11. I believe that 9/11 was not only ground zero for the 2996 people that died but also for the US economy and in this thread I will set out my reasoning behind this.

The Economic War.

It is interesting to note that country to what some might believe the overall objective of the attacks of 9/11 was not merely a to kill as many innocent Americans as possible, it was much more than that. Bin Laden believed that the only way to destroy America was to destroy her economy, he knew that the strength behind America was the dollar sign not the bullet. He astutely recognised that if America was bankrupt it would have no choice but to bow to his demands, primarily the total withdrawal of American presence in Muslim states and support for Israel. After all if America is bankrupt how can it maintain its troops in Saudi and how can it continue to support Israel. As such by attacking the financial institutions at the heart of American economic power on 9/11 he set out not only to kill as many Americans as possible but also destroy her economy.

He once said that:

“We, alongside the mujaheddin, bled Russia for 10 years, until it went bankrupt,”

And went on to say in 2004 that Al-Qa’ida would be:

continuing this policy in bleeding America to the point of bankruptcy

For Bin Laden despite all his ideological and theological motivation and rhetoric he knew that he was not strong enough to defeat America in a head on conflict, solider against solider. Rather he knew that to defeat America he had to wage war not against America’s troops but its economy, he measured success not in how many people his martyrs slaughtered but how it affected the markets. Of course his public image and speeches may not have always displayed this but fundamentally this was his objective.

And I think he succeeded.

9/11: the Immediate Economic effects.

So as stated above, targeting the world trade centre’s was all part of Bin Laden’s grand war against the American economy. So his success it would seem should be measured not in body bags but in the effect he has had on the American economy.

Firstly let’s look at the immediate effects then of 9/11 on the American economy.

9/11 had a significant impact on the aviation industry with all US airspace closed in the days following the attack the US stalk market remained closed, within a week of reopening the Dow Jones fell by 14% (A record at the time) and the value of US lost a estimated $1.4 trillion. There was also a loss of billions to the New York economy which along with the airline industry received billions in Federal government assistance to get over the economic impact of the attack.

In 2002 a report to look into the economic impact of the attacks was initially optimistic saying that

Among the major conclusions is that 9/11 is more appropriately viewed as a
human tragedy than as an economic calamity

The 9/11 attacks aggravated rather than caused the 2001 American recession which was actually more attributed to the Y2K scare and dot.com bust that started back in March and the American economy was technically out of recession by the end of the year. Short term really it did seem like 9/11 had been a blip on the American economy rather than a disastrous blow.

That was because it was the long term effects that would really deliver the sucker punch to the American economy.

9/11: Long Term Economic woes.

9/11 even had an effect on the economic markets that one might think of as a good thing, interest rates were lowered to well below 2% (from 3.5%) and stayed there for much of 2003. This had happened because the federal reserve felt, quite rightly, that the attacks had undermined the American economy and that by lowering the interest rates they would be able to maintain some stability in the financial markets and injected $100 billion into inter bank lending. This however had presented its own problems, it was the low interest rates and the extra money led to financial institutions being able to offer up attractive low interest adjustable rate mortgages to buyers. The only problem was that as the last decade preceded these interest rates went to above 5%, the result was the sub-prime mortgage problem we that caused the economic crisis of 2008.



It is true however that there is much more than just 9/11 that contributed to the economic crisis, but very low interest rates (as low as 1%) due to the attacks in the early part of the decade certainly did not help matters when the bubble burst.

Link

So it is possible to argue that 9/11 at the very least contributed to the economic crisis that would hit America in but the attacks on 9/11 caused much more profound lasting economic problems for America. Principally the cost in fighting the war on terrorism with the war in Afghanistan and Iraq (which the government tried to connect to 9/11) then there is the creation of homeland security, the TSA and all the cost of the over hall of America’s national security in the preceding years along with the “Black budget”. The exact cost of this war vary but it could be as high as $6 trillion being estimated in 2011, so its possible it could be closer now to $7 trillion. When accounting for inflation that’s more than WWII and Vietnam.

That leads us to the problem we have today.....

The Shutdown.



The above infographic really does speak for itself, on the morning of 9/11 the US debt ceiling was 5.95 trillion, today it is standing at $16.4 trillion, we can say that at least $6 trillion of that could have been saved had the attacks of 9/11 not happened. If Bin Laden (or even if you want for the sake of argument some other group) did not succeeded in the attacks of 9/11 inflation may not have gone as low as 1% and America would not have spent $6-7 Trillion on war and national security.

The end result of this has been that now the government cannot afford to pay the curator at the museum because, as I believe, of the attacks of 9/11 12 years ago. 9/11 is a thread that can be pulled at all the way through this mess of a financial situation that America now finds itself in . This is exactly what happens when a state embarks on a unwinnable war against a enemy it does not understand.

Final Thoughts.

As I think I have made quite clear above, although the initial financial impact of 9/11 was controllable its long term effects have been catastrophic. America is in a very difficult position, with the added pressure of funding for Obama care coupled with the pressure America is already under as a direct result of post-9/11 actions the economy in my view will collapse.

The debt ceiling cannot be raised indefinitely, even if they do pull of some deal by the deadline this week, at the most it will only make matters worse in the long term unless real action is taken. Raising the debt ceiling just means more to pay back tomorrow. At some point investors are going to want some of that $16 trillion back the have invested in government bonds and then we get to the real problem caused by the events of 9/11.

It’s not the nearly 3000 that died that day, it’s not even the erosion of civil liberties, no, it is the realisation of a idea held in a fanatically intelligent mind to destroy the American economy and then America herself. Basically if America defaults (and i make no prediction on that) as hard as it is to say it, the terrorists won.

Now I am not one for "doom porn", but.....

The really scary thought is what would happen if a terrorist was to strike at America this week before they come up with a solution to this mess they have created?

reply to post by OtherSideOfTheCoin


This belongs in the LOL. Bin laden did nothing. You are writing about a huge lie, again.

soulpowertothendegree
reply to post by OtherSideOfTheCoin

 

This belongs in the LOL. Bin laden did nothing. You are writing about a huge lie, again.

You haven't even read it, its just such a shame that we dont have time stamps on edits otherwise it would be quite obvious to everyone that you posted this comment before you would have had a chance to actually read the thread.

and if you did take the time to read it (which unless you have a time machine is not possible), then you would also notice that i point out that even if you dont believe Bin laden done it my line of thinking on this issue can still apply.

Really, its quite clear that you are just going down the lines of disagreeing with my OP first because I am advocating the offical narrative on 9/11 before you have even read the thread just to grab a few stars.

Its very annoying for someone who has spent a afternoon putting this together for the first post to be a knee jerk reaction to the title.

reply to post by OtherSideOfTheCoin


Wow just WOW! Really!? Bin laden did 9/11? U really believe that? Turn off the television your being brainwashed!! If Bin Laden did 9/11 then i'm the easter bunny and quit my job! Do you have proof Bin Laden did it? Because all the proof and fingers point to the USA government who blew up the buildings
WOW again for your op title i thought people knew by now

reply to post by OtherSideOfTheCoin



3 buildings fell in the same exact way that day after only 2 of them have been hit by planes. the twin towers 'fell' after only about 50 minutes after impact, with oxygen starved fires already being clearly visible. they all fell within 6-9 seconds, confirming that they fell at or close to freefall speed. i could go on stating literal and validated facts that we all know here, but your entire thread rests on the basis of ignoring the fundamental principles of Isaac Newton. perhaps you believe that when the architects created the towers to withstand multiple plane collisions, they did so by thinking the planes had no fuel?

the government shutdown isn't happening because of 'bin laden,' it's happening because bureaucrats can't figure out how to effectively pay themselves with our tax money so they can open up shop again. meanwhile, Sweden is considering paying every citizen about $2800 a month just for being a citizen.

news.msn.com...

if you want to blame someone or something for the effects and after-effects of 9/11, i got three words for you - bush, cheney, rumsfeld.

So it is possible to argue that 9/11 at the very least contributed to the economic crisis that would hit America in but the attacks on 9/11 caused much more profound lasting economic problems for America.

Okay, by your own admission it may have contributed to the economic crisis, but not neccessarily have been the cause.

Personally I don't even think it was a contributing factor. The truth is the banks got greedy, realised the house of cards was about to collapse and sold off their bad debt (at a loss) to even greedier and gullible European banks.

The spending at the DOD obviously increased due to 'The War on Terror', but the bail out of the banks was the straw that broke the Camels back. If Bin Laden was the cause, then he was in cahoots with the banks.

I guess, this is another person to add to the list of who not to trust. Mister. I AM THE SUPER-SHILL... Thanks for the laugh though; I appreciate it.

Annunak1
reply to post by OtherSideOfTheCoin

 

Wow just WOW! Really!? Bin laden did 9/11? U really believe that? Turn off the television your being brainwashed!! If Bin Laden did 9/11 then i'm the easter bunny and quit my job! Do you have proof Bin Laden did it? Because all the proof and fingers point to the USA government who blew up the buildings
WOW again for your op title i thought people knew by now

yeah it's interesting how OP doesn't even take into consideration that the FBI never had bin Laden on their most wanted list for the attacks of September 11th.

www.fbi.gov...

'Murder of U.S. Nationals Outside the United States; Conspiracy to Murder U.S. Nationals Outside the United States; Attack on a Federal Facility Resulting in Death'

hey OP, if it's so evident that bin Laden did this, why can't the FBI pin the tail on this donkey? is it because they... don't... have... the evidence?

reply to post by Cobaltic1978


I think the truth is that it can be argued either way, but this is a very interesting side of the 9/11 attacks that I thought was worth looking at and seems to hold some real merit. I would say that its a strong combination, of the greed of the bankers and the attacks, at the very least I think the attacks of 9/11 has contributed in the long term to America's economic troubles.

Click here to learn more about this warning.

reply to post by johncarter

A whole afternoon putting this crap-theory together? It so full of suppositions I don´t know where to begin. Are you one of those UK unemployed, home-grown conspiracy "analysts", who comes a dime a dozen?

What have I done to deserve that reaction from you?

Please, i really what to know?

Why is it that you cannot debate the points i have made, why is it that rather than show me where I am getting it wrong or where your views differ you would rather talk about my "crap-theory" and ask me about my employment status?

reply to post by OtherSideOfTheCoin


Oh boy.

We're not in Kansas anymore, OP...

OtherSideOfTheCoin
reply to post by Cobaltic1978

 

I think the truth is that it can be argued either way, but this is a very interesting side of the 9/11 attacks that I thought was worth looking at and seems to hold some real merit. I would say that its a strong combination, of the greed of the bankers and the attacks, at the very least I think the attacks of 9/11 has contributed in the long term to America's economic troubles.

OtherSide, are you aware of the 2.3 trillion dollars that couldn't be accounted for by Rumsfeld and the rest of the DoD just a day before? what about the $48 billion increase in defense spending just a few years after the attacks?

www.youtube.com...

what about the subsequent 9 TRILLION dollars 'missing' from the federal reserve in the years after that?

www.youtube.com...

these are easily found, publicly accessible youtube clips. maybe it's time we all got our metaphorical heads out of the sand?

reply to post by OtherSideOfTheCoin


I can see how you may come to that conclusion if you think OBL was behind 9/11, but as somebody has already mentioned he wasn't even wanted by the F.B.I over the 9/11 atrocities.

'The War on Terror' certainly contributed to the economic woes, just as it did in the U.K, but to give credit to OBL is giving him far more credit than he is worthy.

Anyway, an interesting slant, just one I don't agree with.

reply to post by OtherSideOfTheCoin


It wasn't Bin Laden ! It was his wife !
Here she is trying to hurry away unnoticed by blending into the crowd..........of trees.

reply to post by Cobaltic1978

I can see how you may come to that conclusion if you think OBL was behind 9/11, but as somebody has already mentioned he wasn't even wanted by the F.B.I over the 9/11 atrocities.

I can understand your point of view, however even if you want to take a view that 9/11 was a false flag, when looking at the long term consequences you could then also say that it was a deliberate ploy to destabilize the American economy in the long term. This i think is one of those topics of 9/11 debate that "truthers" and the "OSers" could agree on that 9/11 (regardless of who one it) has had long term implications for the American economy.

reply to post by OtherSideOfTheCoin


Whether 9/11 was instigated by Bin Laden (which I doubt) or by rogue elements within the US government aligned with supporters of the NWO (which is more plausible to me)it doesn't really matter. It seems to me that whoever was responsible succeeded spectacularly.

9/11 was the death blow to the United States of America because of the cascading economic collapse it initiated. As well as the phoney unending "War on Terror" with all associated costs it cemented a police state into place that America will probably not survive.

I have always believed that 9/11 was the beginning of the end of America.

Wait what?

Bin Laden did 9/11?

Prove it?

Last I heard he died in dec 2001..

Also for the record he said countless times he did not do anything related to 9/11.. For the longest time he stated that he didn't have an issue with the American people just the government for the things they were doing to his people..

Just saying though... Follow the money... Prior to 9/11 there were 9 countries that didn't have a central bank, can you guess them? I will say there are roughly 3 left...

And a tidbit of info, The US went into Afghanistan because the Taliban wouldn't turn Bin Laden over because the US government didn't have undeniable proof Bin Laden was behind the attacks... That is why we went in supposedly... But I would wager it has something to do with the poppy plant production myself..

Just saying..

But thanks for telling me Bin Laden did it.. makes me sleep well at night now..

Bassago
reply to post by OtherSideOfTheCoin

 

Whether 9/11 was instigated by Bin Laden (which I doubt) or by rogue elements within the US government aligned with supporters of the NWO (which is more plausible to me)it doesn't really matter. It seems to me that whoever was responsible succeeded spectacularly.

9/11 was the death blow to the United States of America because of the cascading economic collapse it initiated. As well as the phoney unending "War on Terror" with all associated costs it cemented a police state into place that America will probably not survive.

I have always believed that 9/11 was the beginning of the end of America.

Someone who gets it!!!!

Now i think it was Bin laden and his group of terrorists that where behind it, and you think it was the NWO, now we can both debate that until the end of the time.

but at the same time we can both say that regardless of who we blame (something i mention in the OP) we can say that it had long term effects on the US.