Home  »  Economy  »  The Fall

The Fall



Apr 11, 2009 26 Comments ›› Pat Dollard

I don’t know anything about this , I’m not vouching for anything. I’m putting it up only because it was posted on August 15, and then in September, as predicted, the U.S. economy collapsed. Someone may be able to debunk all this in two seconds flat, I don’t know, but I’m leaving it up to all of you to sort it out. I can’t do everything, I don’t have the time…

Live Leak:

At 2 minutes, 20 seconds into this C-Span video clip, Rep. Paul Kanjorski of Pennsylvania explains how the Federal Reserve told Congress members about a “tremendous draw-down of money market accounts in the United States, to the tune of $550 billion dollars.” According to Kanjorski, this electronic transfer occured over the period of an hour or two.

Here is a transcript of what Kanjorski says in the video:

“On Thursday 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 with $150 Billion.

But could not stem the tide.

It was an electronic run on the banks

The treasury intervened but had they not closed down the accounts they estimated that by 2 PM that afternoon. Within 3 hours. $5.5 Trillion would have been withdrawled and collapsed and within 24 hours the world economy.”

Kanjorski does not provide further details.

A Google search to verify this produces zero results.


  • ROB (FLINT89)

    It’s so nice that the good senator from my state cared enough about us to call this secret meeting. Sometimes I wonder if Chicago politics are cleaner than Maryland Politics..

  • Sixchuter

    This video, predicting economic colapse, was posted on the 19th of May, 2008.

    http://www.youtube.com/watch?v=jy7urlWLP84&feature=channel_page

    • http://patdollard.com Pat

      What’s notable, is he also picks the correct month, September. Eight weeks. Just enough time to get a hard-to-understand-and-accept story accepted, but no time left for investigation as to the cause of the story.

  • jasjfarrell

    The collapse happened right before the election.

    McCain loses his slight lead and never recovers. Obama goes on to win and now you can see the results: higher taxes, higher spending, leftest appointments in all levels of government, card check, lack of immigration enforcement, the end of the war on terror, Obama youth and acorn, apologies to the world for everything.

  • martdod

    My take on this is that it was the Saudis that did the massive cash withdraws. Who else besides the Saudis could move that much money at once. I read about this a couple months ago, I believe I saw the story on Drudge. And could this possibly explain why Obummer bowed down to the Saudi king?? Just my theory of course.

  • Scoot

    All I have to say, is after watching all the videos here, can you not deny that this is all happening as part of a well carried out plot by someone, or some group wanting to control the world’s assets and people?

    It’s too hard to deny any of this with what is happening to us right now.

    The run on the banks on Sept. 11, 2008 was the first shot of this war.

    • Scoot

      Sept. 15, 2008 was a Monday, and Sept. 11, 2008 was on a Thursday.

      Too much of a coincidence to have that date as an attack on the USA.

  • Scoot

    Did everyone get to see part 2 of this video?

    http://www.youtube.com/watch?v=wrA9rl-hrH0&feature=related

    • Scoot

      Pertaining to this video:

      Why was Canada picked as obozo’s first foreign head of state meeting?

      Why aren’t they doing anything about the border with Mexico?

      Why are they talking amnesty for all illegals?

      They need a civil war of this nation to gain total control of everyone, and an easy way to get rid of all the insurgents.

  • BK

    The short answer — it’s tradition to visit our closest neighbors first.

    The longer answer – with very few exceptions the first state visit outside the US of the last several presidents back to Ike is scheduled for Canada and Mexico, in either order. A few exceptions. Carter – no accounting for much of what he did. Nixon didn’t get to Mexico until ’69. From Teddy Roosevelt to Truman, before air travel became practicable for a sitting President, most presidents travelled only to Latin America on state business. Curiously not many of those visited Canada or Mexico, except FDR who vacationed at Campobello in Canada with some regularity, but those were personal vacations, not state visits.

    Often either Canada or Mexico was the first visit, but some other official world meeting or event would interdict travel to the other and the President’s second trip would be as GHW Bush’s was to attend the funeral of Emperor Hirohito in Tokyo.

  • Blade Runner

    I could watch only 45 minutes of this 2 hour You Tube video, produced by Alex Jones of Prison Planet in association with Infowars.com, and titled “The Obama Deception”. I have no clue what to make of it, but I have heard shit like this before. What is your take on this?

    http://www.youtube.com/watch?v=eAaQNACwaLw&feature

  • Randy

    It was all a well conceived plan. I’ve been saying this for months. Too many coincidences.

    Oil futures skyrocket.
    The auto industry crashes.
    The housing bubble bursts.
    Obama rides in to the rescue…but does nothing.
    McCain is played like a naieve schoolkid.

    What does all this mean?

    We’re screwed….maybe. I can’t wait to see what the tea parties do. I hope they are more than mere symbolism.

    Happy Easter everyone.

  • righteous anger

    Promise everything, deliver nothing and cause the masses to panic. Insurrection and revolt to marshal federal take-over and then to restructure the society from cradle to grave. The haves and have-nots those willing to be subjected and then those who believe in freedom. Tea party my ass, it time to restructure the government and to do as the founding father suggested. When the government no longer serves the people, then the people have the right to reject the government. That what the 2nd is all about. Step to the plate and play for keeps, or get the hell out of way.

  • Phil Byler

    If we had a real media that did investigative journalism, there would be people all over this story. I am sane and sober, and I do think there was a conspiracy at work to create the ultimate “October surprise” for the Democrats and usher in socialism. My guesses are that it was Soros at work in drawing down the money market monies, that Paulson was a Judas to Republicans, that Bernancke had some role because he had some hallucination about re-playing the New Deal with him in some glorified role and that Geithner now is doing the work he started last Fall when head of the New York Fed. But I can only guess.

  • bacongreasenapalm

    Republicrats and Demicans. I think McCain would be doing the same shit, this ball started rolling along time ago. Term limits and new parties were the only chance we had to avoid a violent revolution.

  • http://ftfreedom.blogspot.com/ littlefox (Honeymoons for Heroes)

    I like the way this youtube puts it all together
    “Its all part of the plan” The Joker

    http://www.youtube.com/watch?v=_vKxhqSJvPk&feature=channel_page

  • ji

    So far no one has proven this even took place.
    These are the people who have the money to do this.
    1. China: They would have nothing to gain by doing this.
    2. Soros and friends: They have made money on our debacle.
    3. British Royalty and friends: Ever since the British lost America, they have wanted it back.
    4. The Arabs: They would have nothing to gain. If the dollar is worth less, they have less. Evidenced by their big drop in construction.
    5. The Catholic Church: If you knew something was going to happen ahead of time, you pull your money out. My apologizes to any Catholics.
    Why would the Federal Reserve (a non government entity) see the draw down first and not the treasury department (a government entity).
    By itself the big withdrawal of money means nothing.
    It was the actions of the government that caused our present crisis.
    Any one else hear on the news, that all the gold in Fort Knox was taken out? No one seems to know where it is.

  • prestonbrooks

    :neutral: I keep telling my amigos to read all they can on how the NAZI party under Hitler came to power in Germany in 1933-34. The process is almost identical to what’s going on now. If you read up on it, you can also see where it’s going if it is not stopped. Hitler was not stopped, but Islamobama can be if citizens get organized and refuse to co-operate in any way they can think of, minus violence. However, ACORN is the exact political army duplication of the SA. They will become violent when they have enough power, which Islamobama will give them. Everyone needs to keep their eyes and ears open. Islamobama is backed by a shadow group of financiers who are doing a good job of grabbing power. Stay alert….

  • Pasldoe

    There is a chatter in the air, a rustling of the leaves and the snap of a twig here and there…it is a time for vegilance and deliberation…when all grows quiet, that too which you have been preparing will soon arrive.

    All I am going to say, someone (all most in tears I might add) in a position to know told me in the spring of 2008 to start saving, tell everyone important to me to start saving, things were going to change and none of us could count on our ability to live like we had been accustomed too.

    As for the rumored FEMA camps. Well….the former Richards-Gebauer AFB in Grandview, MO has a little building identical to the one pictured in the clip along with what appeared to be an unmarked ‘Black Huey’ on a transportation skid. It is a unmanned building and I have no idea the purpose.

  • Kermit

    The question is what single entity has $550 billion to withdraw? China is more credible than Soros or the Saudis. China does have a lot to gain by an unstable U.S. government with a pansy for a president.

  • http://snooperreport.com Mark Harvey (aka Snooper)

    I covered this as well way back when as was Pamela Geller. This is insanity and “they” got caught and that is why it was swept under the rug.

  • http://snooperreport.com Mark Harvey (aka Snooper)

    Soros is known as the flake that collapsed the Bank of England.

  • http://ftfreedom.blogspot.com/ littlefox (Honeymoons for Heroes)

    check out this guys post on the subject.
    Interesting indeed…
    http://crusader.christianblogsites.com/blog/post/2009/02/15/september-11-2008-american-putsch

  • pub

    Soros, just in time for the election. He’s done it in the UK (Black Wednesday), France (was convicted) and Malaysia.

  • falconfixer

    My question is this: If this is all just a coincidence, why has EVERY action of the powers that be been to the detriment of the citizens? By the law of averages, even if the government were inept, corrupt, and unconcerned, at least SOME of its actions would have accidentally helped the citizens. Second question: If you were planning a conspiracy, would you have done ANYTHING differently than what HAS BEEN DONE?

  • Chuck O

    Many are told the lie that the Federal Reserve was created to stabilize our economy. Since the Fed came along, it has presided over the crashes of 1921 and 1929. The great Depression of 1929 to 1939. Recessions in 1953, 1957, 1969, 1975 and 1981. Black Monday in 1987 and 1000% inflation which has destroyed 90% of the dollars purchasing power which means by 1990, it took an annual income of $10,000 to buy what took only $1,000 in 1914. That incredible loss of value was quietly transferred to the federal govt. in the form of hidden taxation. Save your money, you’ll need a wheelbarrow full for a loaf of bread.