Rep. Kanjorski: $550 Billion Disappeared in “Electronic Run On the Banks”
“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 Within 3 hours, $5.5 Trillion would have been withdrawn and the US totally collapsed… within 24 hours the world economy would have totally collapsed.”
Kanjorski does not provide further details.
A Google search to verify this produces zero results.”
Yet even to this very day, people like Charles Krauthammer continue to assert THE LIE, which Rep. Kanjorski, in the video above identified AS A LIE TO THE AMERICAN PEOPLE:
“In mid-September 2008, Lehman Brothers collapsed and the bottom fell out of the financial system. Barack Obama handled it coolly. John McCain did not. Obama won the presidency. (Given the country’s condition, he would have won anyway. But this sealed it.)”
There is no mention – however, by either Krauthammer or Kanjorski – regarding WHERE this money WENT.
My educated guess, considering what it would take to pull off such an electronic run on the banks, is: Goldman Sachs.
See: How Government Sachs rules the world: http://www.dnaindia.com/money/interview_how-government-sachs-rules-the-world_1706239
See: The Guys From ‘Government Sachs’: http://www.nytimes.com/2008/10/19/business/19gold.html?_r=1&pagewanted=all&
See: Something Wicked This Way Comes – Goldman Sachs & Software: http://www.economicpopulist.org/content/something-wicked-way-comes-goldman-sachs-software
Krauthammer is a signer of the pre-9/11 PNAC document: Rebuilding America’s Defenses, which called for “a catastrophic event, like a new Pearl Harbor” that would galvanize the American public so that we would support PNAC’s new Pax Americana. And not only does Krauthammer LIE and not tell the TRUTH concerning the September 15, 2008 electronic run on the bank, he ALSO has PLANS FOR OUR FUTURE: more of the same, only an INCREASE in US belligerency toward Muslim nations AND ever greater AUSTERITY measure for those Americans who are no on some form of federal government assistance. Yes, things CAN AND WILL GET WORSE IF WE THE PEOPLE DO NOT RISE UP, TAKE CONTROL OF OUR NATION, AND PUT OUR CRIMINAL POLITICIANS – AND PEOPLE LIKE KRAUTHAMMER – INTO THE DOCK FOR TREASON!
“Make the case. Go large. About a foreign policy in ruins. About an archaic, 20th-century welfare state model that guarantees 21st-century insolvency. And about an alternate vision of an unapologetically assertive America abroad unafraid of fundamental structural change at home.”
See: My email today to Charles Krauthammer, concerning his recent column: “Go Large, Mitt”: http://ajmacdonaldjr.wordpress.com/2012/09/29/my-email-today-to-charles-krauthammer-concerning-his-recent-column-go-large-mitt/