Posted on 02/13/2009 6:06:02 AM PST by bergmeid
The recent bombshell that Rep. Kanjorski dropped gets bigger and bigger.....
(Excerpt) Read more at atlasshrugs2000.typepad.com ...
Interesting. I thought it was the following Thursday on Sept. 18th.
Me too.
Muzzies? Soros? Russians? Chinese? or all of the above?
Umm.... How about “none of the above” ??
Yeah, none of the above may be in there too.
I’m reading the following.
I think this information is interesting when you couple it with the little reported news item that the IMF computer systems were hacked in July/August. Was someone trying to find out how big of a withdraw would be needed to pull down the economy?
HS. First, if we have a system where there can even be a $550B electronic run then we have had a disaster waiting to happen. Second, the underlying problem of high leverage on trillions of malinvestment was another disaster waiting to happen. A large fraction of the economy dependent upon making gazillions off of leverage that should never have been allowed to exist in the first place set us up for a big fall.
If I had a bit more foil, I think I’d go with Soros.
It doesn’t get any less incorrect the more times it is posted.
It amazes me how people cling to these theories. If it hadn’t been for this or that imaginary villain, the credit bubble would have just continued to grow to infinity.
It's no coincidence that the Federal Reserve stopped reporting a key component of the U.S. money supply (M3) just a couple of years before the 2008 meltdown took place (I believe it was 2005 or 2006).
I had an inkling that "something ain't quite right here" in 2006-07 when I read a couple of fascinating reports about the enormous real estate boom in the United Arab Emirates . . . largely driven by real estate transactions financed by bundles of U.S. cash that had been paid by the U.S. government to "tribal leaders" in Iraq.
Uh, it’s not a big secret folks.
Lehman Brothers failed, and the instead of doing what was done with Bear Stearns and every other giant superbank before and after, the Government didnt guarantee it’s bad paper, didnt put it’s assets into FED temporary holding, and didnt fold it into another giant superbank.
They let it file chapter 11.
It brought down Merryl and tanked bank stocks worldwide and there was an actual avalanche at the bank of USA withdrawel window, systemwide. The FED stepped in and replenished the money by expanding its balance sheet into the trillions.
They tested what would happen if a giant superbank was aloud to fail. The answer was a giant bank run.
After this, they poured 300 billion into a few banks. Lehman would’ve cost 30 billion and was aloud to fail to stress test the system.
Rich people are converting their bad bonds into the cash that these banks are getting.
They are giving us their worthless paper in exchange.
They are handing us their gambling debts.
It is obscene.
I see what you mean, King !
Kanjorski-for reasons best known to himself-seems to have attempted a further destabilization of the markets -or-to have become the patsy of someone with that aim.
Almost classic “disinformation”.
BTTT
Interesting article and thread. Thanks to all.
" Look I was there when the Secretary and the Chairman of the Federal Reserve came those days to talk to members of Congress about what was going on. It was about September 15th. On Thursday (Thursday was September 11th] Here's the facts and we don't even talk about these things. On Thursday [Thursday was September 11th] at about 11 o clock in the morning 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 question is - is Kanjorsky lying?
This was posted last night and had lots of valuable information have you read any of those posts?
http://www.freerepublic.com/focus/f-bloggers/2184661/posts
URL Source: http://www.iht.com/articles/2009/01/12/opinion/edkissinger.php
http://www.questionsquestions.net/docs04/engdahl-soros.html
http://www.aim.org/aim-column/the-big-money-behind-geithner/
Who is Timothy Geithner?
Morgan Reynolds, who served as chief economist for the US Department of Labor during 2001–2, George W. Bush’s first term, has done a little fact checking on the new Treasury Secretary:
Who is Geithner? He is a creature of the eastern banking establishment and ruling class through and through. His résumé nicely matches his actions in handing out government money and guarantees to the “right people.” Geithner’s father Peter is director of the Asia program at the Ford Foundation, a New World Order operation. Peter Geithner oversaw the “microfinance” programs developed in Indonesia by Ann Dunham-Soetoro, Barack Obama’s mother. Geithner’s maternal grandfather, Charles F. Moore, was an adviser to President Eisenhower and vice president of Ford Motor Company, according to Wikipedia. Geithner’s wife Carole Marie, like Geithner a 1983 graduate of Dartmouth College (Ivy League), is daughter of Mr. and Mrs. Albert Sonnenfeld of Princeton, N.J., a professor of French and comparative literature at Princeton University (Ivy League) for 27 years.
After Timothy Geithner graduated from Dartmouth he picked up an M.A. at Johns Hopkins in something called “international economics” and East Asian studies. That is the extent of Geithner’s formal training in economics, as far as I can tell. Then he worked for Kissinger and Associates for three years, a Rockefeller satrapy, before a series of government appointments, mostly at Treasury where he was Under Secretary for International Affairs under Robert Rubin of Goldman Sachs and Rockefeller’s notorious Council on Foreign Relations (CFR) and then Lawrence Summers of Harvard University (Ivy League), World Bank and CFR. Summers, of course, is currently Obama’s head of the National Economic Council. Want a solution for the financial and economic woes? Why, hire the same experts who caused the problem(s).
Geithner departed Treasury to join the International Monetary Fund and CFR in 2001–2. In October 2003 he was appointed president of the New York Fed where he subsequently arranged rescues of Bear Stearns, AIG and other well-connected,world-class losers, all in the best interest of the American people, of course.
Did you catch this:”Peter Geithner [Timothy’s father] oversaw the ‘microfinance’ programs developed in Indonesia by Ann Dunham-Soetoro, Barack Obama’s mother” ?
Earlier, I reported that NYT identifies Peter Geithner, in Timothy’s wedding announcement, as the “program officer in charge of developing countries for the Ford Foundation.” This just smells to me like a spook cover. I said so back then, before I knew about the connection between Obama’s mother and Geithner’s father:
One side note. Geithner graduated from the International School of Bangkok, Thailand. His father appears to be a possible CIA agent...
It makes you wonder how long “they” have been grooming Obama as the “agent of Change” president.
Labels: BarackObama, TimothyGeithner
http://theendrun.wordpress.com/2009/01/27/clinton-quigley-and-the-new-world-order/
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