“The Financial Crisis Was Deliberate, Planned, Staged”: Feds Shut Down Mysterious, Lethal Bank Run Before Election – “World Economy Would Have Collapsed”
Feb 11, 2009 62 Comments ›› Angelia
No one knows who did it, but mysterious individuals or groups began emptying out America’s banks right before Obama was elected.
Now here’s where it really gets creepy. Three days after the bank run, Fed Chariman Bernanke, and Treasury Secretary Paulson, run over to Capital Hill to give Congressional leaders a top-secret, emergency briefing on the situation. On cue, when the meeting’s over, Senators Schumer and Dodd rush out and declare to the New York Times and Good Morning America that the sky is falling, and start blubbering about history hanging over our heads and the need for bipartanship. All of this was recounted in the NY Times, where Schumer and Dodd, like Keystone Cops, or just plain inept co-conspirators, don’t really sound very shocked, but more like in-on-it schemers carrying out stage two of the mission: scare the public. In fact, Dodd at one point abruptly cuts off Schumer for not sounding scary enough:
“When you listened to him describe it you gulped,” said Senator Charles E. Schumer, Democrat of New York.
As Senator Christopher J. Dodd, Democrat of Connecticut and chairman of the Banking, Housing and Urban Affairs Committee, put it Friday morning on the ABC program “Good Morning America,†the congressional leaders were told “that we’re literally maybe days away from a complete meltdown of our financial system, with all the implications here at home and globally.â€Â
Mr. Schumer added, “History was sort of hanging over it, like this was a moment.â€Â
When Mr. Schumer described the meeting as “somber,†Mr. Dodd cut in. “Somber doesn’t begin to justify the words,†he said. “We have never heard language like this.â€Â
“What you heard last evening,†he added, “is one of those rare moments, certainly rare in my experience here, is Democrats and Republicans deciding we need to work together quickly.â€Â
Okay, y’all, it’s real simple. Regardless of who is or isn’t conspiring what, Americans must demand to know, right now, who suddenly started withdrawing enough money from America’s banks to sink the world’s economy, that fateful Monday morning. The only thing open to question is “why”? No one disputes that it happened. At almost exactly 100 hours after the 7th anniversary after the September 11 attacks. Think about that. The bank run started almost exactly 100 hours after the 7th anniversary of the moment the first plane slammed into the World Trade Center on Septermber 11, 2001.
This is un-frickin-believable. The financial crisis was deliberate, planned, staged. Who made the run?
“Someone threw us in the middle of the Atlantic ocean without a life raft. We are trying to determine which is the closest shore and whether there is any chance in the world to swim that far. We don’t know.” – Dem. Rep. Paul Kanjorski
Electronic Run On Banks – $550 Billion Withdrawn In 1 Hour, Federal Reserve Halts Withdrawals – US Economy Would Have Collapsed Capitalism Gone Wild hat tip Cathy
Rep. Paul Kanjorski of Pennsylvania explains what former Treasury Secretary Paulson and Fed Chairman Bernanke told congress during the September 2008 closed door session. During the first third of the video an enraged caller is ranting to Rep. Kanjorski about how wasteful the first $700 billion bailout was. The best part is 2 minutes and 15 seconds into the tape where Rep. Kanjorski reveals what Paulson and Bernanke told congress that shocked them into supporting the first $700 billion bailout.
On Monday Sept 15, 2008 at roughly 11 AM The Federal Reserve noticed a tremendous draw down of money market accounts in the USA to the tune of $550 Billion dollars in a matter of an hour or two. Money was being removed electronically.
The Treasury tried to help, opened their window and pumped in $150 Billion but quickly realized they could not stem the tide. We were having an electronic run on the banks. So they decided to closed down the accounts.
Had they not closed down the accounts they estimated that by 2 PM that afternoon. Within 3 hours. $5.5 Trillion would have been withdrawn and the entire economy of the United States would have collapsed, and within 24 hours the world economy would have collapsed.
Kanjorski also explains why Paulson spent the bailout money differently than he originally proposed.
Some other gems from the recording:
It would have been the end of our economic and political system.
We would have had to spend 3 to 4 Trillion dollars to buy up all the toxic assets. But we didn’t have that much we only had 700 Billion.
Without a banking system you don’t have an economy.
We are no better off now than we were three months ago.
Someone threw us in the middle of the Atlantic ocean without a life raft. We are trying to determine which is the closest shore and whether there is any chance in the world to swim that far. We don’t know.
More to think about. Somebody took a lot of money out of the banks. A lot.
So where did it go?
Who to?
And who got it? When? And where?
Somebody knows. Those transactions have been investigated, and somebody knows. But they ain’t talking, are they?
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