Posted on 02/16/2009 6:42:56 PM PST by Ernest_at_the_Beach
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.
(Excerpt) Read more at liveleak.com ...
I believe Rush talked about this last week on his radio show..he was wondering who started the run on the markets back in Sept..and wondered if it could be Soros.
I’m probably the last to know . . .
Perhaps the Oligarchy ordered them to . . . or they are part of the Oligarchy setting things up for a bigger crash . . . or setting themselves up to make lots more money because of something they are about to pull in other ways on the world stage
or . . . to manipulate the world more with more money from such manipulation games . . . or . . . . . or . . . ????
They pulled similar games with the Saudi’s et al vis a vis oil prices and cash and then gold . . .
These folks are NOT nice.
hey, thanks for your input. Stocks, gold, futures are all rigged right now.
“I want return OF capital more than return on capital.”
I wanted the opposite, I grabbed a big chunk out of my brokerage MM account and put it into a 5% CD at my bank/
Just so you realize
that my input on financial issues and dynamics
is worth little more than fermented horse biscuits.
LOL.
All I know to do is pray!
AND am growing in TRUSTING GOD about all such.
That’s the crucial thing.
HE ALONG IS OUR REFUGE AND OUR LASTING, TRUSTWORTHY PROVISION.
He’s the one who brings water out of the Rock as well as quail in the desert.
Agreed, may Jesus keep us strong in what we are about to confront.
AMEN! AMEN! AMEN!
BLESSED BE THE NAME OF THE LORD GOD ALMIGHTY—GOD OF THE ANGEL ARMIES.
When was that message posted?
Interesting find: We know (now) that China was trying to pull money out - which caused/contributed/continued the Lehman Bros crash over the 9-11-2008 through 9-18 period.
Rep. Kanjorski: $550 Billion Disappeared in "Electronic Run On the Banks"
Congressman Explains Hijacking of the US Economy by the Federal Reserve & Treasury
Same clip but different headline....
Bump.....
Why can't someone find out who owned the accounts, and where the money was sent, when it was withdrawn? They were electronic transfers, and, as you said, they had to go somewhere.
ping
Wasn’t McCain in the lead in the polls at that point, largely due to Sarah Palin?
Actually, it’s “LORD have mercy”. ;o)
bump
Greek!
This whole era is scripted. Certainly the last few years have been extremely scripted.
I’ve concluded that McChurian was deliberately chosen to throw the election and that he was a faithful enough Oligarchic stooge that they knew they could count on him to do so.
Also, that Sarah was chosen to help flush out all the Evangelical Christians who’d jump on her bandwagon and identify those most politically active etc. etc. etc.
Just conjecture on my part . . . but the scripting has seemed to me to become more and more detailed and precise the last year or so.
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