YouTube: CSPAN Rep Paul Kanjorski Reviews the Bailout Situation
USA Today: 'Buck-Breaking' Money Market Mutual Fund Returns Initial $26B
IMO it was an intentional act, not a bunch of panicked people.
Related Links:
http://www.freerepublic.com/focus/bloggers/2182993/posts?page=8#8
http://www.freerepublic.com/focus/bloggers/2182993/posts?page=14#14
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http://www.freerepublic.com/focus/bloggers/2182993/posts
“RIGHT BEFORE THE ELECTION OF PRESIDENT HUSSEIN “A $550 Billion Electronic Run on the Banks””
Atlas Shrugs ^ | 2/11/09 | Pamela Gellar
Posted on February 10, 2009 10:52:20 PM PST by FromLori
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http://www.freerepublic.com/focus/f-news/2132937/posts
“The “October Surprise” - a lttle early”
vanity | November 16, 2008 | Lancey Howard
Posted on November 15, 2008 10:26:30 PM PST by Lancey Howard
So where did it go? Who did the withdrawing?
I can’t have a bank trasaction over $10k unless I give up the left gonad but these people are anonymous????
I read somewhere that only something like 2 percent of the “money” out there is actual dollar bills.
Almost all of it is stocks, money market accounts, pension funds, blah blah blah basically fake money.
So no matter what, there’s not enough money to cover the “money”.
And if everyone was to run to the bank to take out all their C-Notes, the bank would be closed in like 15 minutes.
ping
The 550B would have nothing to do with 250k guarantees and vice versa. This mythical run was not made on 220,000 separate accounts that Soros had in 220,000 different names. The ideas expressed here are ridiculous and disjoint. Obviously the financial system was in turmoil and there was a rush to cash at some points. But the credit unwinding and deflation were well underway thanks to protectionist European banks. The trigger event was the initial failure of bank bailout thanks to a fair number of Republicans and some left wing Democrats. They were quickly whipped into shape so that our banks could be nationalized.
As for timing, the crisis was bound to affect the election especially with McLame's subservience to the bailout masters. But to say that there was a particular event timed to affect the election and that affected the outcome is ridiculous. It smacks of the usual denial of reality:
Debt, as a ratio to income (e.g. GDP), cannot grow to infinity. Sooner or later it crashes.
NOTE the Liveleak date on this:
Secret “closed door” meeting with Congress
Liveleak.com ^ | March 14th, 2008 | Liveleak
Posted on Monday, March 31, 2008 6:40:27 PM by RobRoy
http://www.freerepublic.com/focus/f-chat/1994684/posts
Sent: Friday, March 14, 2008 4:20 PM Subject: CLOSED Congress Session Last Night: Only 4th Time In 176 Years !
SPECIAL “CLOSED SESSION” OF U.S. HOUSE OF REPRESENTATIVES DISCUSSED A LOT MORE THAN THE PENDING SECURITY SURVEILLANCE PROVISIONS!
This was only the fourth time in 176 years that Congress has closed its doors to the public. What was it that they were discussing that they do NOT want us to know about?
Word has begun leaking from last nights special, closed-door session of the United States House of Representatives.
Not only did members discuss new surveillance provisions as was the publicly stated reason for the closed door session, they also discussed:
1. the imminent collapse of the U.S. economy to occur by September 2008,
2. the imminent collapse of US federal government finances by February 2009,
3. the possibility of Civil War inside the USA as a result of the collapse,
4. advance round-ups of “insurgent U.S. citizens” likely to move against the government,
5. the detention of those rounded-up at “REX 84” camps constructed throughout the USA,
6. the possibility of retaliation against members of Congress for the collapses,
7. the location of “safe facilities” for members of Congress and their families to reside during expected massive civil unrest,
8. the necessary and unavoidable merger of the United States with Canada (for its natural resources) and with Mexico (for its cheap labor pool),
9. the issuance of a new currency - THE AMERO - for all three nations as the proposed solution to the coming economic armageddon.
Members of Congress were FORBIDDEN to reveal what was discussed. Several are so furious and concerned about the future of the country, they have begun leaking info. More details coming later today and over the weekend. SPREAD THE WORD!!!
Video here: http://www.liveleak.com/view?i=46d_1205873088
The question remains, who were the principles behind the initial actions that set the ‘run’ in motion.
Let's face it folks, if this is true, this would be an act of tyranny (if domestic) and an act of war if committed deliberately by foreign interests in order to throw our elections.
The people who committed this and enjoy its fruits ought to wake up and realize what lies at the end of the road they are traveling down.
They're not going to like that destiny.
Glenn Beck gets his financial insight from “The Creature from Jekyll Island,” I'm sure.
While there is a lot of truth in that book and a lot of knowledge we should all gain and learn from, it is no guarantee of things to come.
Beck's show is entirely dedicated to the “blueprint” that has been created by the Central Bank has created and that Jekyll Island so clearly and convincingly lays out.
But his is a doomsday scenario only and leaves no room for the will and benevolent self-interest of the American people.
I listen to Beck to get monetary information that others do not provide, but he is very much a drama queen that is capitalizing on the fear and partial knowledge (that is, those who are inclined to believe conspiracy theories and have enough knowledge of history to be swayed by the conspiratorialists, who always use a touch of truth and a touch of history to lend credence to their conspiracies) of a lot of people.
It is important to prepare for your families. Have a food and water supply on-hand. Be ready to leave your money and unnecessary things behind for good, perhaps. Prepare to make your own way. That is the independent, individualist spirit that made America. That is, don't be so dependent on your routine and your comfort that you will give away your liberty for the lie that ‘they’ will take care of you. We should all be at that point in our lives.
But fight to prevent us from ever getting to that point, and put no more faith in Man and Government being able to ruin the providence and joy that God provides for you than you put faith in Man and Government to provide for your needs and happiness.
This has George Soros written all over it.
There is still a warrant outstanding for him in Russia for doing the same thing there back in the 1990s. Soros manipulated the Russian currency market, making billions, and destroying the value of the rouble in the process. The rouble went from $0.17 in 1998 to $0.03 in 2002.
In 2005, the Russian police raided his Moscow offices, closed them down, and arrested everyone there. Other arrests followed.
Unfortunately, Soros was here in the States at the time, which has no extradition treaty with Russia.
bump for later....
This type of talk is of great interest to me.
Money systems have collapsed (surprisingly frequently) without ending the political system, much less "the world".
The present fraudulent and insolvent international money system is not long for this world.
When it ends, it will reveal much about the state of our equally fraudulent and morally insolvent political system.
If we had remained a virtuous republic, the insolvent banks would be closed, the Federal Reserve would be dissolved, Congress would use its power to coin money and regulate the value thereof to refloat viable businesses and would issue new currency, and in six months or less (from September 18, that would be next month) we'd be up and running again.
That we are still stuck in the pits of fraud and theft says a lot, not about the money system, but about our politics. THAT'S scary.
There is an unholy consortium of Wall Street swindlers and the corrupt Congress that has undermined the country. We well could lose the government over this.
What started the fire is debatable. We don’t have enough data to say.
What is not debatable is that our political elites immediately set about pouring gasoline on the blaze, and continue to do so.
The inferno they’re creating may consume us all.
PS-I like your screen name!
That was a stunning tape. Sounds like either Soros or a major Country like China or Iran was pulling money out to manipulate the election. Looks like they overplayed their hand and nearly destroyed the economy. Wonder if Soros had inside information about Fannie?
Pray for America, Our Troops and obama’s Guidance
Just in case you haven’t seen this yet ping.
Strange this happened just when the “Drill Now, Drill For Oil” was hurting the Dem. The Money Lenders from the Middle East and China were suddenly scared their mo-si-a wouldn’t be elected.
The same for Rick Santorum of Pa. The Dem. “Money Men” brought the price of milk to an all time low just before the election to ensure he would lose.