Sept 18th 2008

[freakscene]

anyone see this yet ?

this is gaining traction over the last couple days

apparently it happened in 1994 (?) too, only the target of the attack was South Korea and Taiwan. this activity was not due to individuals removing their own money, but someone stealing it............

How the World Almost Came to an End on September 18, 2008

http://seekingalpha.com/article/1196...tember-18-2008

LiveLeak has caught a scary moment of previously undisclosed insight by Paul Kanjorski where he reveals some facts that have not been captured by the media previously. At 2 minutes and 20 seconds in the video below, Democratic Representative Kanjorski 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 occurred over the period of an hour or two. And it gets worse. Kanjorski paraphrases the following disclosure by Bernanke and Paulson (emphasis added):


On Thursday (Sept 1, at 11 in the morning the Federal Reserve noticed a tremendous draw-down of money market accounts in the U.S., to the tune of $550 billion was being drawn out in the matter of an hour or two. The Treasury opened up its window to help and pumped a $105 billion in the system 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 down the money accounts and announce a guarantee of $250,000 per account so there wouldn't be further panic out there.

If they had not done that, their estimation was that by 2pm that afternoon, $5.5 trillion would have been drawn out of the money market system of the U.S., would have collapsed the entire economy of the U.S., and within 24 hours the world economy would have collapsed... It would have been the end of our economic system and our political system as we know it...

[Galt]

I am starting to think ignorance is better.... This is some scary chit.

[freakscene]

ignorance and corruption at FINRA and the SEC according to the Balt Chron, although they dismiss Kanjorski entirely

http://baltimorechronicle.com/2009/0...rbonnier.shtml