(you can skip to about the 2:10 mark to hear the most important part)
$550 billion was taken out of the system in an "electronic run on the banks," and it would have been over $5.5 trillion if they hadn’t closen the accounts and insured each person with $250 thousand.
If would have led to a collapse of the U.S. economy by 2:00pm that very day and a collapse of the world economy within 24 hours, if they hadn’t done that. It would have been "the end of our economic system and our political system as we know it."
Let them fail, I got my zombie preparedness kit all set
sounds to me like the Fed acted quickly and kept the system from collapsing (based on the Congressman’s statement)
when he addresses the bad assets none of that is making any sense however
he doesn’t say where money moved to. Did it go from money market to equities?
What I want to know:
1. Who withdrew and moved all this money?
2. Where did they move this money to?
I’m wondering if it was a financial terrorist attack, meant to crash us. But who would benefit from such a thing? The economic crisis is causing big problems for China, it crashed Russia’s stock market, it has made oil-producers like Saudi Arabia and Venezuela and Iran do much more poorly. I really don’t see a single nation that has benefited from this. So IF it was an intentional "attack," it must have been some kind of organization that would somehow benefit from the economy collapsing. I do not think al-Qaeda had the ability to do it and incite finanical panic from so many people with accounts. Who could it have been?
|
What I want to know:
1. Who withdrew and moved all this money? 2. Where did they move this money to? I’m wondering if it was a financial terrorist attack, meant to crash us. But who would benefit from such a thing? The economic crisis is causing big problems for China, it crashed Russia’s stock market, it has made oil-producers like Saudi Arabia and Venezuela and Iran do much more poorly. I really don’t see a single nation that has benefited from this. So IF it was an intentional "attack," it must have been some kind of organization that would somehow benefit from the economy collapsing. I do not think al-Qaeda had the ability to do it and incite finanical panic from so many people with accounts. Who could it have been? |
Great questions, but like the put options on the airlines before 911, we will probably never get the answers we deserve.
Related posts:
- Congressman Ron Paul Schools Bernanke on the Bailout Plan [/quote] No one cares about Ron Paul. VOTE RON PAUL FOR FAILURE! these days it actually seems like VOTE...
- Republican Congressman calls Barack and Michelle Obama "uppity" Westmoreland calls Obama ‘uppity' By Mike Soraghan Posted: 09/04/08 03:07 PM [ET] Georgia Republican Rep. Lynn Westmoreland used the...
- What happened to Bush declaring martial law and cancelling the election? I've reminded all my crazy ass liberal friends about that. ZOMG OCTOBER SUPRISE!!! ps. i voted obama. fraking cylons You...
- Dems what’s your take on this? Confiscation of our 401K’s Democratic leaders in the U.S. House discuss confiscating 401(k)s, IRAs RALEIGH - Democrats in the U.S. House have been...