Kanjorski and the Money Market Funds: The Facts
I have been thinking this over and I really don't know. When did the election turn? Was it the economy? My line of thinking gets darker. I don't believe in massive carefully paned conspiracy. I do however believe that if enough people have the same goal and follow similar tactics they can do bad things before any one or enough people catch on. SO, Saul Alinsky's Rules For Radicals. Then there is the conspiracy. I am not sure i believe this but the evidence is piling up. Is this part of the Cloward-Piven Strategy? It was all layed out before the election. I have no idea but it is all getting very scary.
From Atlas Shrugs:
"Rep. Paul Kanjorski of Pennsylvania explains what former Treasury Secretary Paulson and Fed Chairman Bernanke told congress during the September 2008 closed door session. During the first third of the video an enraged caller is ranting to Rep. Kanjorski about how wasteful the first $700 billion bailout was. The best part is 2 minutes and 15 seconds into the tape where Rep. Kanjorski reveals what Paulson and Bernanke told congress that shocked them into supporting the first $700 billion bailout.Here is the video from C-Span
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, opened their window and pumped in $150 Billion but quickly realized they could not stem the tide. We were having an electronic run on the banks. So they decided to closed down the accounts.
Had they not closed down the accounts they estimated that by 2 PM that afternoon. Within 3 hours. $5.5 Trillion would have been withdrawn and the entire economy of the United States would have collapsed, and within 24 hours the world economy would have collapsed.
Kanjorski also explains why Paulson spent the bailout money differently than he originally proposed."
"They say 4 or 5 trillion dollars could have been emptied out of the bank by the end of that business day. Presumably, it could not have gone all to one entity, else that entity just could have gone back when the markets opened, and continued to withdraw funds. So, if it were designed as action to induce a panic, it had to have been done in a way that the new would spread quickly, go "viral" as it were, to others holding funds or control over funds in similar banking institutions/markets. So, the transaction had to be public, or at least traceable, because they had to be noticeable, and they had to instill a panic so that the run would continue, and people would be noticing what was happening and would move to preserve and protect what money they could access."There are clearly a mountain of more questions than answers. Was it just a panic run? Foreign government? Terrorists? Or Crazy as it is (yes very crazy) some one orchestrating it from in side the US? READ THE Post. It goes even further. What did the Senators know? I am a little sick. Hope this is all just some made up dream.
"These days it's not easy to know what to believe, as Democrats attempt to panic the herd into submitting to the socialist power play currently underway in Washington."
From Gateway Pundit
"This is all very interesting-- When President Hussein was campaigning and the "economic crisis" hit, he did not think it pressing enough to leave the campaign trail, but now we should push through a trillion dollars in legislation without oversight because a few weeks later the King deems it urgent?"
It is going around:
Zero Hedge: How The World Almost Came To An End At 2PM On September 18