More about orhestrated meltdown — deep nitty gritty.
In-depth discussion that triggered some memories.
First a detail analysis by Toddsterpatriot:
On Thursday Sept 15, 2008 at roughly 11 AM The Federal Reserve noticed a ....
Did they notice Sep 15, 2008 was a Monday?
“Investors were rushing out of these [Treasury and Federal Reserve] funds—$105 billion out of $1.8 trillion on Thursday alone—which in turn caused the funds to redeem their commercial paper investments.”
How do you redeem commercial paper?
“On Thursday at about 11 o’clock in the morning the Federal Reserve noticed a tremendous drawdown of money market accounts in the United States, to the tune of $550 billion was being drawn out in a matter of an hour or two.
How would the Fed notice people making withdrawal requests from their money market accounts?
Nearly $3 trillion travels thru the Fedwire system every day. How would they even notice?
The Treasury opened up its window to help. It pumped $105 billion in the system
The Treasury doesn’t have a “window”.
The Federal Reserve does. You’d think something this important wouldn’t get confused like that.
and quickly realized that they could not stem the tide; we were having an electronic run on the banks. They decided to close the operation,
Close what operation?
close down the money accounts and announce a guarantee of $250,000 per account so there wouldn’t be further panic out there.”
Who decided to “close down the money accounts”?
The $550 Billion withdrawn in an hour or two that Rep. Kanjorski refers to in his statement has never been independently confirmed or refuted.
Yeah, that’s what I thought.
It’s a story too good to confirm.
62 posted on Friday, April 09, 2010 5:49:12 AM by Toddsterpatriot
Response:
“The Federal Reserve does. You’d think something this important wouldn’t get confused like that.”
Interesting point. I’m out of my league here, but as I understand it, banks are given secret membership in the Federal Reserve. There’s a lot of secrecy about it. Based on the way Greenspan propped up Goldeman Sachs, there’s a good guess about an important member.
[Goldman Sachs was heavily invested in China in the late 90s. Paul Weyrich’s America Voice/NET had an expose, Red Chips, that caused Chinese investments to plummet, and Greenspan propped up Sachs.
‘Who decided to “close down the money accounts”?’
Once again, secrecy. Secret control and manipulation by a government run entity, all started by FDR’s banking regulations.
“The $550 Billion withdrawn in an hour or two that Rep. Kanjorski refers to in his statement has never been independently confirmed or refuted.”
He’s not the only one. Paulson talked about it himself. I posted several links about Paulson on this thread. He is convinced that Russia and China orchestrated the meltdown, and the timing is highly suspicious.
If Soros were involved, Obama gave him a payoff with Brazilian oil. Goldman Sachs received payoffs.
Philosophical truth about capitalism [very basic]
George Washington: “Government is not reason; it is not eloquence; it is force. Like fire, it is a dangerous servant and a terrible master.”
Here’s the the problem with government power in the nutshell — corrupt people gravitate toward easy money. Right now, the easy money is found through D.C. mispending tax money and misusing Federal power [such as Kelo]. It’s really that simple. Honest money is earned in the private sector. You have to work for that. No, not completely honest — but the buyer is a better caretaker of his wealth than the government ever will be.
Government control can appear helpful if good leaders are in charge. But good leaders are precious few. Ambition comes mainly from selfish desires. The best leaders of government don’t even want the job. Example — George Washington. They wanted to make him king. He didn’t want it. He resigned after eight years of president. Seeking no perks, he hated the job.
Contrast that with FDR, Bill Clinton, and Obama.
FDR was the only president who to remain in power beyond eight years. He wanted the job. How did he lead? Ham fisted government control. What was the result? Perks to cronies, more centralized government power, and a lenghtened, deepened recession.
Destruction of the US court system through a threat to pack the courts. An amendment DEMANDING that presidents must step down after eight years, and also amending the Constitution to prevent more than nine justices — the closest thing to a Magna Carta on Prince John we have had to date.
Bill Clinton — not satisfied with eight years, sought to make wife president. Tireless work. Ramped up risky loans which led to the 08 Meltdown. Sought to regulate firearms. Escalante Land Grab which barred us from cheap, clean burning coal. Payoffs from China. Nukes to China for campaign cash. Corruption that made him cowtow to Islamic fanatics for oil, a weakness that led to 9-11. Took control of national media, leading to massive misinformation to voters. Desired gatekeeper of internet to stop “lies” about a tax funded mistress.
Obama — plenty known about him in recent news.