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The Government Panic of September 2008
EconomcPolicyLournal.com ^

Posted on 02/19/2009 6:59:20 AM PST by Kozman

...he United States government went into full panic mode in September, 2008 and continues in panic mode to this day. This has serious implications for the future direction of the economy. Those in government who truly understand the current situation must have serious doubts as to whether the United States financial structure will survive in any form close to what it is today.

My case for this scenario has developed as a result of a number of factors including Congressman Paul Kanjorski of Pennsylvania blowing the lid off the fact that there were serious runs on money market funds back in September 2008, and the fact that the government, early on, took an active hand in trying to kill this news...

(Excerpt) Read more at economicpolicyjournal.com ...


TOPICS: Business/Economy; Conspiracy; Government
KEYWORDS:

1 posted on 02/19/2009 6:59:20 AM PST by Kozman
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To: Kozman
Watch: http://www.pbs.org/wgbh/pages/frontline/meltdown/view/
2 posted on 02/19/2009 7:09:36 AM PST by Yo-Yo
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To: Kozman
Used to be called "October Surprise", or Election manipulation.

But now, stupidity is viral.

Rep. Kanjorski: $550 Billion Disappeared in "Electronic Run On the Banks"
"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."


FLASHBACK: from 9/15/08:

“U.S. President George W. Bush said Monday he is confident
that the markets are resilient and can deal with the latest financial blows.
“We are working to reduce disruptions and minimize the impact
these financial market developments on the broader economy.” ...

U.S. Democratic presidential candidate Barack Obama
said eight years of Bush “brought us the most serious financial crisis
since the Great Depression.”

His Republican rival said John McCain said he was happy the
federal government decided not to use taxpayer dollars to bail out Lehman Brothers.”

How did Obama know THEN
that we would experience the ‘most serious financial crisis since the Great Depression’
when those who did not plan the takeover would not know for three more months?


October 10, 2008, another massive selloff.


Professor Joseph Olson of Hamline University School of Law, St. Paul , Minnesota,
points out some interesting facts concerning the Presidential Election2008

* Number of States won by: Democrats: 19 Republicans: 29
* Square miles of land won by: Democrats: 580,000 Republicans: 2,427,000
* Population of counties won by: Democrats: 127 million Republicans: 143 million
* Murder rate per 100,000 residents in counties won by: Democrats: 13.2 Republicans: 2.1



3 posted on 02/19/2009 7:21:33 AM PST by Diogenesis (Quis custodiet ipsos custodes?)
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To: Kozman

bump

Molon Labe!


4 posted on 02/19/2009 7:21:39 AM PST by wastoute (translation of tag "Come and get them (bastards)")
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To: Kozman

They can take your Gold though. While it may be good to have some it would be wise to have a place to grow food, have supplies, etc. if you can. Atlas has a good piece on surviving an emergency and the reason I point it out is I think people should have some of the things listed on hand.

http://atlasshrugs2000.typepad.com/atlas_shrugs/

TIP: Potassium iodide tablets help block the thyroidfrom absorbing radiation. They were distributed to many government workers after 9/11. They are cheap and safe. (here)- hat tip Howard


5 posted on 02/19/2009 7:24:09 AM PST by FromLori (FromLori)
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To: Diogenesis

http://obambi.wordpress.com/2008/05/30/soros/

http://www.newswithviews.com/Cuddy/dennis148.htm

http://alanpetersworld.blogspot.com/2009/02/orchestrated-crisis-to-hasten-fall-of.html

BEFORE THE ELECTION OF PRESIDENT
http://atlasshrugs2000.typepad.com/atlas_shrugs/

http://atlasshrugs2000.typepad.com/atlas_shrugs/2008/09/how-the-democra.html

http://atlasshrugs2000.typepad.com/atlas_shrugs/2008/09/who-and-what-is.html

http://adisgruntledrepublican.blogspot.com/2008/12/who-to-blame-for-housing-crisis.html

http://pajamasmedia.com/rogerkimball/2008/09/29/who-caused-the-biggest-financial-crisis-since-the-great-depression/

URL Source: http://www.iht.com/articles/2009/01/12/opinion/edkissinger.php
http://www.questionsquestions.net/docs04/engdahl-soros.html

MAKE SURE TO READ THE REST..... http://obambi.wordpress.com/2008/05/30/soros/

http://www.aim.org/aim-column/the-big-money-behind-geithner/


6 posted on 02/19/2009 7:31:13 AM PST by FromLori (FromLori)
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To: Kozman
(D) Rep. Kanjorski: $550 Billion Disappeared in "Electronic Run On the Banks" -- Watch it here ->> http://www.liveleak.com/view?i=ca2_1234032281&p=1

Unfriggin believable.

7 posted on 02/19/2009 7:39:56 AM PST by The Anti-One (So likewise ye, when ye shall see all these things, know that it is near, even at the doors.)
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To: Kozman
Those in government who truly understand the current situation must have serious doubts as to whether the United States financial structure will survive in any form close to what it is today.

Isn't the end of the United States financial structure (capitalism) the whole point of the panic?

8 posted on 02/19/2009 7:51:11 AM PST by TurtleUp (Turtle up: cancel optional spending until 2012, and boycott TARP/stimulus companies forever!)
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To: The Anti-One

Jim Rogers advises Gulf states to get rid of dollar peg - Business Intelligence
The Livermore Report ^ | 2/18/09 | unknown

Posted on Wednesday, February 18, 2009 1:56:36 PM by FromLori

Jim Rogers advises Gulf states to get rid of dollar peg Business Intelligence Middle East (press release), United Arab Emirates - 16 minutes ago Amongst his many accomplishments, Rogers was co-founder with George Soros of Quantum Fund. During his ten years with the fund, the portfolio gained more ...

(Excerpt) Read more at livermorereport.com ...

http://www.freerepublic.com/focus/bloggers/2188522/posts?page=4


9 posted on 02/19/2009 7:56:19 AM PST by FromLori (FromLori)
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To: Kozman

So, let me see if I have this straight:

9/11 was caused by George Bush and the neo-cons to install a dictatorship. A whole group of people have come up with facts and figures to prove it.

Meanwhile, someone or somebody(s) move three TRILLION dollars and nobody knows who did it, where did it go and why it was done. And nobody is asking any questions?


10 posted on 02/19/2009 8:04:20 AM PST by NTHockey (Rules of engagement #1: Take no prisoners.)
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To: FromLori
"The Puppeteer Behind Obama: George Soros"


"Paulson was formerly with Goldman-Sachs, which financially represents
China in the U.S. in some important areas.
In addition CFR member Paulson recently was given authority by Congress to use TARP
(Emergency Economic Stabilization Act) money any way he saw fit, so Bank of America
used $7 billion of their loan from Paulson to buy an interest in a Chinese bank
(Citigroup used $10 billion to buy 44 Spanish toll roads)."


"ORCHESTRATED CRISIS TO HASTEN FALL OF AMERICA
... many of those same politicians caused the crisis, and if left to their own devices will do so again.
"The Cloward-Piven Strategy of Orchestrated Crisis
"Can a group of smart people, studying issue after issue for years on end,
with virtually unlimited resources at their command,
not come up with a single policy that works? Why are they chronically incapable?
Why? .... the goal is more malevolent - the failure is deliberate.
Don't laugh. This method not only has its proponents, it has a name: the Cloward-Piven Strategy.
It describes their agenda, tactics, and long-term strategy.
The Strategy was first elucidated in the May 2, 1966 issue of The Nation magazine
by a pair of radical socialist Columbia University professors, Richard Andrew Cloward and Frances Fox Piven.
David Horowitz summarizes it as:
The strategy of forcing political change through orchestrated crisis.
The "Cloward-Piven Strategy" seeks to hasten the fall of capitalism by overloading
the government bureaucracy with a flood of impossible demands,
thus pushing society into crisis and economic collapse.
Cloward and Piven were inspired by radical organizer
[and Hillary Clinton mentor] Saul Alinsky:"


"How the Democrats Created the Financial Crisis
"Why is a first term Senator pulling down almost $300,000 a year from Goldman Sachs,
Lehman Brothers, Bear Stearns, Fannie Mae, Freddie Mac, AIG, Countrywide Financial,
and Washington Mutual? He has not even completed his fourth year in the Senate
and received a total of $1,093,329.00 from these eight companies and their employees.
(all data from OpenSecrets.org).
Want another shocker? Barack Obama has received more from one source–
Goldman Sachs $542,252.00–than McCain has from all of the companies combined.
Who the hell is more beholden to lobbyists?
And why does a junior Senator from Illinois rate this kind of dough?"


"Hey Barney Frank, Thanks for the Housing Crisis.
"Fannie and Freddy began hiring Democratic operatives as CEO’s and upper management.
Top recipients of those campaign contributions were Barney Frank and Chris Dodd,
the Chairmen of the Committees that should have been providing over site of the two financial giants.
Barack Obama and Hillary Clinton were also
among the top receipts of Fannie and Freddy campaign contributions."


"The Secret Financial Network Behind "Wizard" George Soros
"The secret of the Quantum Fund NV
Soros is the visible side of a vast and nasty secret network of private financial interests,
controlled by the leading aristocratic and royal families of Europe,
centered in the British House of Windsor. This network, called by its members the Club of Isles,
was built upon the wreckage of the British Empire after World War II.
...
Soros is American only in his passport. He is a global financial operator, who happens to be in New York,
simply because "that's where the money is," as the bank robber ....His hedge fund reportedly manages
some $11-14 billion of funds on behalf of its clients, or investors
To make it impossible for U.S. tax authorities or other officials to look
into the financial dealings of his web of businesses, the board of directors of
Quantum Fund NV also includes no American citizens.
His directors are Swiss, Italian, and British financiers."


"The Big Money Behind Geithner
"It should be apparent by now that the major media aren’t interested in holding Geithner
accountable for his tax “mistakes” or anything else.
A guy who can’t figure out his own taxes is supposed to fix the economy?
The real story, which can only emerge through talk radio and alternative media,
is that Geithner has very powerful political and financial connections,
not only to the media but the banking interests and lobbies that try
to orchestrate U.S. policy behind the scenes.
The President of the New York Federal Reserve Bank, the Chinese-speaking
Geithner is an associate of Henry Kissinger who can be counted on to convince
the Chinese Communists to continue to buy U.S. debt and finance Obama’s massive
expansion of federal government power.
That is why Obama and his fellow Democrats are putting so much faith in him."

11 posted on 02/19/2009 8:11:56 AM PST by Diogenesis (Quis custodiet ipsos custodes?)
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To: Yo-Yo

just watched it. sickening, eh?


12 posted on 02/19/2009 8:22:10 AM PST by RC one
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