Was The Financial Situation Planned 8 Years Before?

CFR Bankers Plan for Financial Crash
This article appeared in the July 28, 2000 issue of Executive Intelligence Review.
by Richard Freeman


For the simulation, the CFR conscripted 75 people, including bankers, former Treasury Secretaries, and former State Department officials. Participants were divided into four teams, sent into four rooms, with the ability to communicate with each other and with a command headquarters through the computers. The four teams covered 1) monetary-financial, which dealt with the functions of the Federal Reserve Board of Governors; 2) economic and trade, which dealt with the functions of the U.S. Treasury Department; 3) regulatory matters; and 4) national security—nut case and former CIA director James Woolsey played the role of Secretary of Defense.
The game-players were hit with breakdowns in several markets, which increased in severity, and in some ways interacted, during the simulation. The market assumptions included: the Dow Jones Average Industrial Average falling by stages, from 10,000 to 7,100; the price of oil shooting up to $36 per barrel; the dollar plummeting against both the euro and the yen; the affiliate of a large British insurance company that was a big player in the equity derivatives market getting into trouble, causing panic in the derivatives market; Ukraine defaulting on payments to Russian oil companies, which increased the possibility of a Russia-Ukraine confrontation; and so on.