Skip to comments.Rep. Kanjorski: $550 Billion Disappeared in "Electronic Run On the Banks" ( Sept 15,2008)
Posted on 02/16/2009 6:42:56 PM PST by Ernest_at_the_Beach
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 withdrawled and collapsed and within 24 hours the world economy."
Kanjorski does not provide further details.
A Google search to verify this produces zero results.
(Excerpt) Read more at liveleak.com ...
The European problems with the Eastern-bloc albatross are not going away. If not tomorrow, soon enough.
Therefore what, Dear Heart?
What in terms of the average American?
What in terms of us folks going overseas in behalf of The Gospel?
What in terms of world stability in general?
Your guesses and conjectures would be appreciated.
Hmmmm. Maybe I missed his summary.
Did he speculate any that I missed?
Do you know any Spirit-filled prophetic type Christian who’s up on all this?
sorry, I’m ignorant of that term or name.
Could you please elaborate?
EatB, Kristinn, Bob, Jim, all:
“Maggie” of Maggie’s Notebook, Jim Simpson (”...Manufactured Crisis”), and I are stirring up a bit of a campaign to call members of the Kanjorski committee (and other Congressmen/women). Can you/FReepers help?
Please see these articles:
Please FReepmail me or send to arlenwilliams”at”yahoo.com, if you would like further information about how we can try to get information from Congress. Rub Kanjorski’s face in it, if he was blowing smoke, or find out where he was telling the truth.
You may also wish to see the comments succeding these articles.
Thanks for the ping!
Christ have mercy.
He is the Committee chair of the Capital Markets subcommittee....so he just might know something....
Are we going to the Bible to explain all of this mess?
I guess there was some faint memory trace after all.
No nobody can understand this and this may be about the 3rd time some VERY VERY BIG money has moved in the last year.
I told hubby I bet they are sitting around on cell phones somewhere saying to each other ‘Hey watch what I do to the stock market, the other one says that ain’t nothing watch this!”
Just watching for a turn to One World Currency and we know what that means!
I think that’s several months or more off yet.
This is the ground work, imho.
I think the Biblical truths and prophecy that speak to this are essentially those about the
MARK OF THE BEAST—IMPLYING A WORLD ECONOMIC SYSTEM WITH VERY RIGID POWERFUL TECHNOLOGICAL CONTROLS
THE WORLD GOVERNMENT.
Both of those are inextricably wrapped up with these issues, imho.
Quite plausible, to me.
Why would they buy dollars with the all the money we are going to print?