Could Wikileaks crash the economy?

[jimhcom]

Don't fear the truth, fear the government.

[killer2021]

yes it could.

Let say that wikileaks leaks documents that shows that BOA is highly underfunded and basically insolvent. When people hear of this they all run to the banks and pull their money out or move it elsewhere. BOA doesn't have the capital and needs an injection of funds. Bank holiday. Fed injects trillions into the bank. Bank is saved but China is pissed at the massive increase in money supply. China begins dumping their bond holdings. This news causes panic in the market and we have full blown financial catastrophe. Dollar could easily collapse as a result. It's happened in many other countries.

[bchris02]

Most of the American public has a highly negative opinion of Wikileaks. Just because net junkies are Wikileaks fanatics and will believe and act on anything Assange publishes doesn't mean the American public is the same way (keep in mind Ron Paul would be President if the election of 2008 was decided on the Internet). Wikileaks could only crash the economy if it somehow created a nationwide panic.

[RandyWatson13]

Uhhh the economy is crashed

[Chango]

Originally Posted by RandyWatson13

Uhhh the economy is crashed

It's a strange crash where I can still go get anything I want at the store at a realistic price and get money (fiat money, no less) out of the bank to pay for it.