Posted on 09/19/2009 6:29:24 AM PDT by SERKIT
President Obama references an economic crisis that occurred "last year" in a recent speech. Did he mean the very same money draw-down referenced by Rep Kanjorski in September of 2008? I love conspiracy theories, but has there been any congressional investigations into what really happened?
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.
Kanjorski tried to follow up here in a hearing.
What did Barry's people know, when did they know it, and was something engineered to either benefit a candidate (who by the way stayed clear of comment as McCain shut down his campaign to run lights-and-siren back to Washington).
You tell me. There are only a few people that could have pulled off withdrawing that much money;o)
I’ve heard nothing at all about this except for what I’ve read here on FR and Rep. Kanjorski when he was on interviewed on C-SPAN.
September 2008 - manufactured crisis. Set in place to benefit Obama’s campaign to get him into office.
Soros?
And Soros would be number one on the list...
I would rather have Republicans in Congress screaming for an investigation, but I am probably asking too much of them....
Good question. Bump for later read.
Since Barry is talking about the crisis of “last year”, now would be an appropriate time to ask him what he knows about it, why he stayed on the campaign trail, and only showed up at the Bush White House when he was embarrassed into showing up by his own people. It is a legitimate line of questioning if any media spouts some onions and “call him out”.
We been played. Again.
I find it just a little bit suspicious that the YouTube video of Rep. Kanjorski reveling a conspiracy behind the September 2008 economic crisis has been deleted.
Of course any true Tea Party believer would have already know this to be the case.
ex animo
davidfarrar
I find it just a little bit suspicious that the YouTube video of Rep. Kanjorski reveling a conspiracy behind the September 2008 economic crisis has been deleted.
Of course any true Tea Party believer would have already know this to be the case.
ex animo
davidfarrar
It's called involvement.
My guess it was Soro's and company doing what he does best! Collapsing economies to rake in obscene profits only this time was intended and succeeded in getting the BOY ( intended in non racial terms) Prez elected.
“Ive heard nothing at all about this except for what Ive read here on FR and Rep. Kanjorski when he was on interviewed on C-SPAN.”
The Motley Fool referenced the act, though they didn’t use the word ‘conspiracy’ IIRC. Didn’t the UK and Hong Kong also get hit last fall, although to a lesser degree?
Russia? They get Barry and no missles in Poland.
http://www.youtube.com/watch?v=pD8viQ_DhS4
After a caller raves for awhile, he explains it - half way through maybe....
No
the USA came under general attack via the financial system, and everyone has remained mute about it because it benefitted obama and the dmeocrats, and both political parties have high ups who were complicit. I do believe the puppetmaster’s perps miscalculated the effect on the entire world financial system
It may take a couple of 20 yr old patriot with videotapes to break open an investigation
Check this out- “tin hat” stuff posted March 2008
Then look at what has happened and what is happening
Stay vigilant
http://www.freerepublic.com/focus/f-chat/1994684/posts
yep --
yep --
September 15, 2008 was a Monday. When the You Tube of Kanjorski hit the airwaves, I transcribed it.
RUSH HAS THE ENTIRE SEGMENT FROM THE 1-27-09 C-SPAN VIDEO HERE:
http://www.rushlimbaugh.com/home/daily/site_021009/content/01125106.guest.html
[NOTE:the clip times will be off a little as the transcript was done from the YouTube vid]
starting at 2:08 into the clip.
Look, I was there when the Secretary and the Chairman of the Federal Reserve came those days and talked with members of Congress about what was going on. It was about September 15th. Here's the facts, and we don't even talk about these things. On Thursday at about 11 oclock in the morning the Federal Reserve noticed a tremendous draw down of money market accounts in the United States to the tune of $550-billion was being drawn out in in a matter of an hour or two. The Treasury opened up its window to help and pumped a $105-billion into the system, and quickly realized that they could not stem the tide. We were having an electronic run on the banks.
[I found this article substantiating Kanjorskis claim of a meeting with Bernake and Paulson, albeit was the 16th not 15th ]
http://www.nytimes.com/2008/09/17/business/17insure.html?ref=business
They decided to close the operation, close down the money accounts, and announce a guarantee of $250k per account so there wouldnt be further panic out there, and thats what actually happened.
If they had not done that, their estimation was that by 2:00 that afternoon, $5.5 TRILLION wouldve been drawn out of the MM system of the US, wouldve collapsed the entire economy of the US and w/in 24 hours the world economy would have collapsed.
Now we talked at that time about what would happen if that happened. It would have been the end of our economic system and our political system as we know it.
And thats why when they made the point, weve got to act and do things quickly we did it.
3:00 -- Now Sec Paulson said lets buy out these sub-prime mortgages, thats when he came to congress, but he said give us latitude and large authority to do many things as we decide necessary and give us $700 B to do that.
Shortly after we enacted our bill with those very broad powers, the UK came out and said No, we dont have enough money to buy toxic assets. Instead were going to put our money into banks so that their equity grows and they're not bankrupt. And so the UK started that process and thats true, it was much cheaper to put money in banks as equity investments than to start buying their bad assets, because it came early we determined we would probably have to spend 3-4 Trillion of taxpayers money to buy these bad assets and we didnt have that, we only had 700 Billion.
So Paulsen made a complete switch -- went in and started putting money in buying securities and re-investing in the banks of the US.
Why? Because if you dont have a banking system, you dont have an economy.
And we
and although we did that, it wasnt enough money and as fast as we did that, the economy has been falling and the reason that last week, were really no better off today than we were 3 months ago because weve had a decrease in the equity positions of bank, because the other assets are going sour by the moment.
5:09 -- Now weve gotta make some decisions. Do we pour more money in to what extent that money goes in -- I myself think we ought to take the time, analyze where we are, have the people understand --- when you listen to the lady that just got off the telephone, she is near panic - and - she doesnt think her governments acting properly or acting in her behalf. I think its important that we start informing that lady as to what really were the facts, what happened, and get input from her -- maybe she has a better idea.
You know were not any geniuses in economics or finances on the hill. Were representatives of the people.
We ought to take our time, but let the people know this is a very difficult struggle somebody threw us in the middle of the Atlantic ocean w/o a life raft and were trying to determine which is the closest shore and whether there is any chance in the world to swim that far
WE DONT KNOW!
Obama: You dont have to wait for a law to overhaul your pay system so that folks are rewarded for long-term performance instead of short-term gains.
Obama intends to determine by law how they will be compensated.
Obama: It is neither right nor responsible after youve recovered with the help of your government to shirk your obligation to the goal of wider recovery a more stable system and a more broadly shared prosperity.
They took the bait (bailout), for that reason, Obama explains how he now owns them. Make no mistake, he intends to determine pay scales for all industries in his effort to re-distribute wealth...errr...broadly shared prosperity.
Secret "closed door" meeting with Congress (3/14/08)
http://www.freerepublic.com/focus/f-chat/1994684/posts
Not only did members discuss new surveillance provisions as was the publicly stated reason for the closed door session, they also discussed:
1. the imminent collapse of the U.S. economy to occur by September 2008,
2. the imminent collapse of US federal government finances by February 2009,
3. the possibility of Civil War inside the USA as a result of the collapse,
I have thought about this as well. Why no investigation? Why did George W. Bush meekly go along with it? Even considering that John McCain was the worst candidate we could ever have - and he tried his level-best to LOSE - AND even though ACORN was pulling in votes from dead people and cartoon characters - even THEN, the election was pretty close.
I think some internal polling showed this & they had to go to Plan C, or D, or whatever it was - I believe the “economic crisis” was completely manufactured to get Barack Obama in office as our president. I hope someday the truth does come out.
You can guarantee that no one thinks Bush did it because there would be hearing after hearing. No one thinks it was Cheney or he would have already been lynched.
I don’t think it was just Dimocrats because the GOP is letting them get away with it with impugnity since the majority of our pubbie lawmakers just seem to be silent so they are either shell-shocked, afraid or in on it.
The effort to push the meltdown to September 18th is very suspect.
Hmmmm CNN.com says it all happened on 9-18
http://edition.cnn.com/TRANSCRIPTS/0809/18/cnr.05.html
Reserve Primary Money Fund Falls Below $1 a Share (Update4)
http://www.bloomberg.com/apps/news?pid=20601087&sid=a5O2y1go1GRU
Sept. 16 (Bloomberg) — Reserve Primary Fund became the first money-market fund in 14 years to expose investors to losses after writing off $785 million of debt issued by bankrupt Lehman Brothers Holdings Inc.
The fund, whose assets plunged more than 60 percent to $23 billion in the past two days,
Statement by Press Secretary Dana Perino on 9-16-08:
http://georgewbush-whitehouse.archives.gov/news/releases/2008/09/20080916-5.html
President Bush discusses economy at 10:00 AM on the morning of the 18th...an hour prior to the beginning meltdown?
Read what he said!
http://georgewbush-whitehouse.archives.gov/news/releases/2008/09/20080918.html
If there is any chance that Barry can say “It was all Bush’s fault!” he probably would. Given the fact that Barry coolly rolled merrily along down the campaign trail while Bush and McCain were running around with their hair on fire tells me Barry ‘knew too much’ and smirked his way around the country.
http://www.freerepublic.com/focus/f-chat/1994684/posts
Thanks for posting that link. I remember the thread. Seemed a little tin-foil at the time. Now, I'm not so sure. Lends to the belief that the economic situation was orchestrated, at least partially.
Who Attacked Our Economy? Why Does No One Care?
Townhall ^ | February 12, 2009 | Diana West
http://www.freerepublic.com/focus/f-news/2184786/posts?q=1&;page=51
One thing we do know is that former President Bush made extremely cryptic public statements regarding the stability of our markets at this time in question last September, statements noted by Accuracy in Media’s Cliff Kincaid.
These began with a Sept. 18 Bush announcement that the Securities and Exchange Commission (SEC) was stepping up its enforcement action “against illegal market manipulation.” As Kincaid wondered, manipulation “by whom or what? The President didn’t say.”
On Sept. 19, President Bush further announced that the SEC had “launched rigorous enforcement actions to detect fraud and manipulation in the market. Anyone engaging in illegal financial transactions will be caught and persecuted (sic — good ol’ W.).” Again, what was Bush talking about?
President Bush Discusses Financial Rescue Legislation
.. 9-29-08
http://georgewbush-whitehouse.archives.gov/news/releases/2008/09/20080929.html
I know many Americans are worried about the cost of the bill, and I understand their concern. This bill commits up to 700 billion taxpayer dollars, because a large amount of money is necessary to have an impact on our financial system. However, both
.. expect that the ultimate cost to the taxpayer will be far less than that. In fact, we expect that over time, much — if not all — of the tax dollars we invest will be paid back.
Congressional Democrats Bankrupted the Nation (The History)
Canada Free Press ^ | Wednesday, January 28, 2009 | JB Williams
Posted on 03/06/2009 10:43:10 AM PST by Syncro
http://www.freerepublic.com/focus/f-news/2200842/posts
http://canadafreepress.com/index.php/article/7992
Excellent analysis by JB
EXACTLY!!! Combine all the posts on this thread and we should be able to figure out exactly how it was done. Not sure we need a stinking fraudulent congressional investigation. They know exactly what happened and why.
I don’t know about you, but I’m “all wee-weed up” prepared to “act stupidly”, and getting ready to “call out” anyone involved. No pie, no beer!
From the ghastly comments demonizing the American public, and strange mannerisms of the House Speaker and Democrat Majority Leader- and the orders being issued to the compliant State Media from the Axlerod/Emmanuel WH crisis room- I could swear they were setting us up for steps 3-7 of this scenario
LOL! Attending the 912 March on DC got me really, really wee-wee’d up! I stand with you!
How could any thinking person not agree with that?
Here you go -- another gem -- pay special attention to the DATE this was said!
U.S. Democratic presidential candidate Barack Obama said eight years of Bush
brought us the most serious financial crisis since the Great Depression.
source: CNN 9/15/08
http://edition.cnn.com/2008/BUSINESS/09/15/lehman.merrill.stocks.turmoil/index.html">
All just minor little coincidences? I think NOT!
“Barry knew too much and smirked his way around the country.”
He wasn’t the only one smirking. When Reid and Pelosi got in front of the cameras saying how they had to vote for the $700B, the Congressmen standing behind them could hardly contain themselves. Chuckie Shumer was grinning from ear to ear.
I thought all along that it was a setup so Obama could win. The Democratic Congress always tried to go against whatever Bush wanted. Then all of a sudden they voted with him. I don’t think the economy was that bad until Obama got into office.
I remember what creeped me out about Bush’s public announcements. He had tears in his eyes. From his appearance, he was under extreme duress.
Meanwhile McCain makes a sudden decision to suspend his campaign, and goes back to DC - where he does virtually nothing except rubber stamp what Bush announced he intended to do anyway and browbeat reluctant GOP legislators into doing the same
Treasury Secty Paulsen is calling Goldman Sachs multiple times each day, and reverts to demanding bankers come to a secret meeting and agree to take TARP money, and also Paulsen demands that US Congress authorize a minimum $700 BILLION instant discretionary slush fund- or he (Paulsoen) will ring the US Capital with tanks until they do (from insider reports)
Meannwhile candidate boy obama shows lack of concern about the whole thing and only came back to DC pose for photos at the table with all the real leaders as if he was in charge of them
This is not a Clancy novel
I agree with you. Folks, we're being set up as we speak.
Regardless what the BDSers say, President Bush loves this country and only wanted what was best. He was fought, from both sides of the isle, for 8 long years.
If I told you what I believe the duress you refer to was I would have the FBI/CIA/SS at my door within the hour. It is disturbing that more folks will not look at the evidence and THINK before they go off on the line the enemedia is pushing.
President Bush won the WOT abroad, but lost it here at home, with a great deal of help from the so-called right and republicans.
He won the economic war at home, after legitimately inheriting a recession, quickly followed by the 9-11 attacks, but was brought down at the midnight hour of his presidency by very sinister forces that no one seems interested in exposing.
This is not a Clancy novel
But it sure does feel like one.
But it sure does feel like one.
It's actually moving into Clive Barker or HP Lovecraft territory. 

ping
TOTUS and his HHS secretary (with help from WHO and god knows how mnay recently appointed “czars”) orchestrate growing unease about the US medical system and about a killer flu pandemic - even if it's not killing quite enough people around the world just yet and the medical community is still using the buzz phrase “underlying medical conditions” to reassure the public until the time is set to ratchet up the alarm
then “someone” stirs up unease and rumors (or fact) about the unreported effects of the so-called vaccine - this will induce resistance to the vaccine among the segment of the American population being identified as “teabaggers”.
That is the segment of American society that is showing open or potential resistance to obama, to federal govt authority, to the Soros statist agenda, and to govt control of their lives
then when these folks resist vaccination, the federal laws now being drafted allow such communities to be involuntarily detained and quarantined by various authorites including US military command formed and being trained for domestic operations
political authorities at all levels and parties (state governors, police and domestic military commanders) have by now become co opted into thinking (or at least acting like) this act provides for public safety and order. FDR's internment of US-Japanese citizens during wartime may even be used as an example where no lasting harm was done and the internees were actually protected from hate mobs
This is no Clancy novel
Let's remember to give some credit to Juan McCain and the GOP. That whole "I'm temporarily suspending my campaign" crap handed the Presidency to the Dems.
What have you been smoking? There was a giant bubble that was eventually going to pop one way or other. It was a matter of time before our economy was going to fall apart like a house of cards. Look, in California, is a one story 2 bedrooms and 1 & 1/2 baths worth a half million dollars? Well it turned out that it wasn't really worth all that much and now we are just suffering from its aftermath and that's why California is especially bad off since it was the epicenter of the huge housing bubble.
If you look at some of the states in the Great Plains such as the Dakotas, Nebraska, etc.....they are managing thru this storm just fine because their economy is based on commodities and they never had a housing bubble to begin with.
McCain is a loser, President Bush had it right when he said that the Senator couldn't even get 500 people to show up for a rally in Arizona.
Here’s an Atlas Shrugs article that asks the same questions:
It was almost like when the GOP threw Dole in as a sacrificial lamb against Clinton.
They intended to lose. Expected it and accepted it.
Claims were made on AIG, and AIG declared unquivocally they could not pay. The derivitive nightmare began to unfold, and it will soon make a similar, but worse declaration, again. Hold onto your hats, folks. This ride is just beginning.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.