550 BILLION DOLLAR Electronic Run On Banks In September '08 The Real Reason For Our Financial Crisis?

2-7-09

For months it has been widely reported that the subprime foreclosure debacle was at the root of the financial mess this country is going through right now and the initial 700 BILLION DOLLAR bailout was urgently needed to help banks and lending institutions by having the taxpayers buy up all those so called “toxic mortgages” and other bad debt. Never mind that most banks sell the mortgages they put together for consumers within minutes of the ink drying on the contract. In turn these mortgages have been known to quickly find their way to Fannie Mae and Freddie Mac, a hotbed of Democratic political scandal over the past couple of decades. (Please take a gander at this article written five months ago.)

The story went that once the government stepped in and took possession of these worthless assets the banks, theoretically, would be free to once again engage in the kind of behavior that put them behind the 8 ball to begin with and our economy would start rockin’ and rollin’ again. Sounds simple enough but many people in this country weren’t buying what the government liars were selling and there was a tremendous push back from the citizenry over the initial bailout bill, not to mention the latest money grab Congress is proposing. Our representatives didn’t listen and the legislation passed in spite of the vociferous feedback from the very people having to foot the bill.

What was the catalyst? What really happened that could have triggered what many believe was a manufactured financial crisis designed to ensure Barack Hussein Obama would gain control of the most powerful position in the world?

Perhaps we should follow along as Rep. Paul Kanjorski D-(PA) describes what happened back in September 2008, prior to the election, which launched what would become the serious financial catastrophe we are currently dealing with.

“Here’s the facts and we don’t even talk about these things!”

(he’s right… it is next to impossible to find information concerning what he discloses in this video)

“On Thursday at about 11 o’clock, [could this be Thursday September 11th 2008?–I ask because he mentions a meeting with the Treasury Sec and Fed Chairman on September 15th a Monday–ed.] the Federal Reserve noticed a tremendous draw down of money market accounts in the United States to the tune of $550 Billion dollars was being drawn out in a matter of an hour or two.

The Treasury opened up its window to help. They pumped 105 billion dollars into the system and quickly realized that they could not stem the tide. We were having an electronic run on the banks.”

The government then decided to freeze all transactions with these money market accounts to put and end to the bleeding.

“If they had not done that their estimation was by two o’clock that afternoon 5.5 TRILLION dollars would have been drawn out of the money market system of the United States. It would have collapsed the entire economy of the United States and within 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.”

Would it not now appear the subprime mortgage “crisis” meme was simply a load of crap from the beginning and the story was quickly cobbled together for cover for what was really going on? Banks and mortgage lenders, even those that have received bailout money, (whether they wanted it or not) surely don’t seem to be all that enthused about helping distressed homeowners as I wrote about here. In fact Bank of America, the recipient of 45 BILLION DOLLARS of taxpayer money, went so far as to throw a ten million dollar Super Bowl party!

So if all this had little to do with defaulted mortgages what or who is behind this mess?

Only the most powerful of the world’s financial manipulators could pull off a stunt of this magnitude. People with a vested interest in bringing this country down to the level of “global equilibrium” they have sought for decades.

Enter George Soros the multi-billionaire, and American way-of-life-hater.

He made it well known that he was willing to give up everything he had to see George W. Bush go down in defeat during 2004 election.

“America, under Bush, is a danger to the world. And I’m willing to put my money where my mouth is.” -George Soros

Boy he wasn’t kidding either having spent millions on such groups as MoveOn.org, Media Matters, Democracy Alliance, America Coming Together, America Votes, The Center for American Progress, and ACORN among many others over the years. In fact Soros has simply become the never empty bank account for the far left.

Prior to the election of ’04 there was palpable concern about whether Soros, the master currency trader, could manipulate the financial markets enough to create a panic among the populous, collapsing the stock market or the U.S. dollar, thereby catapulting his guy John Kerry into office. Sound familiar? It should. After all he did have a few more years to perfect his plan just in time for Obama to come strolling along out of the woodwork.

It’s not like Soros and his band of societal manipulators are new at this stuff in fact he has made no secret of the fact that he sees the quickest most efficient route to effect political shake-ups, what he refers to as regime changes, is through very difficult economic conditions. Sound familiar?

In 1992 Soros, through his Quantum Fund, bet the British pound would lose value because of the political and economic pressures in the UK at the time. He borrowed billions of pounds and converted them to German marks. When the pound imploded he repaid the pounds at the lower rate, pocketed the difference and became known as the man who broke the Bank of England. His profit: $1 billion on the backs of British citizens who saw their home values take a free fall and their life savings nearly evaporate almost overnight. Sound familiar?

In 1997 the financial crisis in Asia had threatened to spread worldwide and guess who was right dab smack in the middle of it? Soros stood accused by the Malaysian government of causing the collapse with his financial monkey business. In Thailand Soros was labeled an “economic war criminal” who “sucks the blood from the people.”

The next year this guy was up to his bifocals in the collapse of the Russian ruble which enabled him to swoop in and snatch up eastern European assets at rock bottom prices, a tactic he is well known for. Destabilize a country’s economy then pounce when the prices drop through the floor. What a neat fella this George Soros.

In 1999 when the U.S. House Banking Committee was trying to determine just how $100 billion had been diverted out of Russia, forcing the collapse of its currency and the default of its enormous loans from the International Monetary Fund, Soros was called in to testify before the panel. Of course he claimed no knowledge of what happened but did finally admit that he had used insider access in a deal that was barred to foreign investors to acquire a huge chunk of Sidanko Oil.

More recently George Soros was caught pulling off some more of his financial shenanigans in France. This time he actually got nailed and was charged with illegal insider trading in his attempt to takeover the Societe Generale bank. He was convicted and the conviction was upheld in 2 separate appeals, the last in June of 2006. France, well known for it willingness to surrender without a fight let Soros off with a $2.9 million slap on the wrist.

Soros is also heavily invested in oil distribution and the in the oil futures commodity market enabling him to pull whatever strings he likes to move the price of a barrel of oil in whatever direction he wants. At the same time, he is investing heavily in alternate energy industries, hence the sickening drumbeat of the phony climate change nonsense, so either way he comes out on top both politically and financially.

Make no mistake, it is the likes of George Soros and Maurice Strong in cahoots with the Rockerfeller and Rothchild gangs, that have it in for America and her citizen’s way of life and they will stop at nothing to bring this country to its knees, to bring it down to the level of the rest of the globe, and it certainly appears the pieces of the puzzle came together nicely for them November 4th 2008.

The attempt to disarm the citizenry is soon to follow for without that step these shadow manipulators will never be able to fully realize their dream of forcing this country into the single world order globalist society they have so carefully crafted for our future.

Update 2-10-09: Wow that’s weird. Isn’t that Soros sitting down over there to the left of Obama?

obama_soros2

Update 2-11-09: Rush Limbaugh chimes in.

-keep your powder dry and stock up accordingly folks…

This entry was posted in Economy, U.S..

4 Responses to 550 BILLION DOLLAR Electronic Run On Banks In September '08 The Real Reason For Our Financial Crisis?

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