Well, we'll just state up front that we don't buy this, but since US tax dollars payed for it, you should know it exists.

A Pentagon-sponsored report from consultant Kevin D. Freeman claims that foreign bad actors are taking down the US economy in three simple steps. (via Washington Times).

What's ominous is that we've only seen two of the steps.

The first phase: Speculators bid up the price of oil, filling the coffers of "Shariah Compliant" sovereign wealth funds.

The second phase: "Bear raids" took down our financial institutions.

The third, and yet-to-come phase: The dumping of Treasury bonds!!!!!

Anyway, the report is embedded here. Might be good for a lolz.

Don't miss: 10 crazy Wall Street tales from the days leading up to the financial crisis >

Economic Warfare: Risks and Responses by Kevin D. Freeman