Thursday, February 26, 2009

CIA Now Briefing Obama on Global Meltdown

It's not just about terrorism or nuclear proliferation any more. Now the Central Intelligence Agency is also briefing president Obama on potentially dangerous fallout from the global financial meltdown. From McClatchey News:

The CIA this week began sending the White House a new classified daily briefing on the worldwide economic crisis, CIA Director Leon Panetta said Wednesday, underscoring growing concern that the global financial meltdown could topple governments or lead to sharp swerves in the foreign policies of hard-hit nations.

The report for President Barack Obama and other top officials, called the Economic Intelligence Brief, is an effort "to make sure that we aren't surprised by the implications of the worldwide economic crisis," Panetta said in his first meeting with reporters since being sworn in Feb. 13.
"It's beginning to have impacts not only in China and . . . countries throughout Europe," but also increasingly in Latin America, where there are fresh signs of economic instability, Panetta said. He specifically cited Argentina, Ecuador and Venezuela.


Great, with everything else destabilizing the world - climate change, overpopulation, fundamentalism, nuclear proliferation - now we get to add Wall Street to the mix.

http://www.mcclatchydc.com/251/story/62853.html

2 comments:

Beijing York said...

...increasingly in Latin America, where there are fresh signs of economic instability, Panetta said. He specifically cited Argentina, Ecuador and Venezuela.

"Economic instability" is Panetta's code for rejection of IMF/World Bank restructuring, foreign investment and privatization goals in those left-leaning countries.

Anonymous said...

It's about time people began to see the IMF for what it really is....a group of people who want total control of world....and that is not a far fetched comment. Try living in Asia and find out what people here say about the IMF which couldn't be uttered in North America for fear of being "politically incorrect". A. Morris