C-SPAN VIDEO: Rep. Kanjorski Drops Bomb... US Financial System Was Attacked On September 11th 2008 »
Posted By pc25 8 months, 3 weeks ago in NewsPennsylvania Democrat reveals the financial crisis was deliberate, planned, staged:
Catastrophic Financial Attack On 9-11 Caused Economic Meltdown!
Rep. Paul Kanjorski (D-PA) told CSPAN: "It would have been the end of our economic and political system."
On Thursday Sept 11th, 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.
Read Full Story at gatewaypundit.blogspot.com »
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pc258 months, 3 weeks ago
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Rep. Paul Kanjorski (D-PA) is the Capital Markets Subcommittee Chairman
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FTA
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.-
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RedRiverJ8 months, 3 weeks ago
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I have many, many times wondered if this entire thing, Fannie and Freddie, the drop in money markets was planned.
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George Soros almost caused Britain to collapse in almost the same manner. I put nothing past this evil old coot. He is more deeply involved than we know. -
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mesodude8 months, 3 weeks ago
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Hmmm...So this means cons have been totally wrong, misguided and/or lying (I know...I'm shocked, too...LOL) that Bush kept us safe which proves once and for all that their investment in Bush was a complete and total waste. They got NOTHING in return for their votes, campaign donations, getting hosed at the gas pumps. Wow. I guess cons' judgement is worst than anyone could have imagined. OMG
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pc258 months, 3 weeks ago
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http://townhall.com/columnists/DianaWest/2009/02/1...
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Diana West :: Townhall.com Columnist
Who Attacked Our Economy? Why Does No One Care?
I want you to read something. It's a snatch of transcript from a Jan. 27 C-SPAN interview with Rep. Paul Kanjorski, D-Pa., that has received zero coverage in what we think of as the mainstream media.
To set the C-SPAN scene, Kanjorski is harkening back to the middle of last September, when, as it happens, John McCain was enjoying his brief lead in the presidential polls and the economy as we knew it was imploding. Here's what Kanjorski said:
"I was there when the Secretary (of the Treasury Hank Paulson) and the Chairman of the Federal Reserve (Ben Bernanke) came those days and talked to members of Congress about what was going on. It was about Sept. 15. Here's the facts, we don't even talk about these things.
"On Thursday at about 11 o'clock in the morning, the Federal Reserve noticed a tremendous drawdown of money market accounts in the United States to the tune of $550 billion, as being drawn out in the matter of an hour or two.
"The Treasury opened up its window to help. It pumped $105 billion into the system and quickly realized that they could not stem the tide. We were having an electronic run on the banks.......-
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nostalgia8 months, 3 weeks ago
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I can't help but believe the Feds have to know where this money was going
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They track all large transfers which are done electronically
That $550 billion went somewhere.
Wonder if this is connected??
January 9, 2009
Swiss Bank UBS Rats Out US Account Holders
This is a shocking, shocking development. On the other hand, maybe it's not a surprise at all.
Swiss Bank UBS is closing down accounts held by US citizens and sending them checks. And it's telling the IRS the amounts and who is receiving them. Accountholders have the option of moving the money to other offshore accounts -- but the IRS will still be informed of who has what amount of money.
So much for the whole concept of a Swiss Bank Account! Anonymity. Freedom from confiscatory taxes!
One can only imagine the pressure the US government brought to bear on Switzerland. After all, through thick and thin, Switzerland has remained forever and always Neutral. Even the Nazi war machine left them alone. They were able to withstand all demands to identify account holders. That's what the Swiss Bank Account was all about! And numbered swiss bank accounts. And bearer bonds. The stuff of exotic international intrigue. No more!
http://dashxdr.blogspot.com/2009/01/swiss-bank-ubs...
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pc258 months, 3 weeks ago
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FTA
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The question is who was doing this? Who was withdrawing all this money? And the next question is why? That's where my mind starts exploding, and this is dangerous to have these explosions going this way. Could it have been George Soros? Could it have been a consortium of countries -- Russia, China, Venezuela -- countries that are eager to have Barack Obama elected because they know that will make it easier for them to continue their own foreign policies in the world?
Michelle Obama the FIX IS IN
http://www.propeller.com/story/2008/10/15/accordin...-
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hyperbola8 months, 3 weeks ago
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The most likely candidates for that kind of movement are US financiers worried that the US will be forced to nationalize banks and will clean up the Wall Street corruption. It is, for example, no accident that the Bush administration was crucial in blocking the cleaning up of corruption (drugs, weapons, mafia and financial) by the introduction of new international rules regarding "tax havens".
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By the way, if foreigners own that money in US banks, they have every right to withdraw it and transfer it wherever they like. Given the corruption and weakness of the US financial system, it would not be surprising that many foreigners begin to do so.
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slate8 months, 3 weeks ago
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Dionys8 months, 3 weeks ago
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jordan118 months, 3 weeks ago
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"Was the system hacked?"
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http://www.crime-research.org/news/19.10.2004/727/
The hacking of computer systems could cause devastation beyond imagination. If what Kanjorski says is true, (& I'll assume it is by virtue of his position), the least we have to worry about is financial downfall. It isn't as though government hasn't known about the threat to our national security by hackers. The Pentagon and the FBI have been hacked. I suppose the obvious question is what has been done about it?
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k9kssr8 months, 3 weeks ago
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We know who benefited from the meltdown.
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And if Kanjorski has this info, there are other congressional members who also know and we should demand they be open and truthful about it.
IMO, this was a terrorist attack on my country whether it was Soros, the Saudis, whoever....and they should be treated as such. Of course, Al Quaida said the next attack would be from "within" and apparently it is. -
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ONEMEMPHISDUDE8 months, 3 weeks ago
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I have wondered what actually precipitated this latest recession...just at the end of Pres. Bushs' final term...and before the elections. The timing couldn't have been better. A "perfect storm." Who would benefit from an economic crisis at that time? The population historically votes pocketbook issues in tough times and ideology takes a back seat. "We are in a crisis...we need change!" Could someone, or some Country, attempt the ultimate radical move to insure a change of command?
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I have never considered myself a big proponent of conspiracy theories. This story however,- this live, on air, tape of a Congressman from Penn... is worthy of a movie. The fact that a run on the banks could happen electronically, in such a short period of time, demonstrates a lack of Government oversight that is beyond careless..it is incompetent. This story, if true, could also demonstrate a successful attempt to circumvent national political will of the people by influencing an election. That is a crime that is worthy of the consequences of treason.
I will write my Senators tonight and demand that those responsible be "hanged by the neck until dead." (...and trust me,we already know who they are.) It is the only just punishment for the misery caused by such actions.-
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hyperbola8 months, 3 weeks ago
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It seems more likely that this was corruption benefited by the Bush administration trying to get their "gains" beyond the control of the American taxpayer before the sshhiitt hit the fan. Remember that this was a time when only government insiders (and Wall Street) really knew how decrepit the US economy and financial affairs were. Remember that this was the time when companies like Halliburton began moving to Kuwait.
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Grrr8 months, 3 weeks ago
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One thing is for sure: something like that should never have been able to happen, and if it really did, something is rotten in the Federal Reserve and the electronic banking system. Something more than we were already aware of, I mean.
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barbb378 months, 3 weeks ago
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Was the blogspot referring to President Obama when they said "President Hussien"? If you listen to the entire YouTube, you would hear that it was a run on the bank. Money markets were pulling out their money, not a terrorist attack.
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nostalgia8 months, 3 weeks ago
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There is some interesting information out there about this
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Hedge Funds, Politics, and the Market Crash
There are several culprits in the recent market crash, but one key source of the problem has hitherto escaped attention: an economic index that can be easily manipulated by hedge funds and whose gyrations have shaken the foundation of Wall Street: the ABX index, launched in 2007 by the Markit Group, a London-based company that specializes in credit derivative pricing and that administers the index.
The heart of the mortgage mess is uncertainty regarding the value of subprime securities. The ABX Index is used to determine the value of these securities: it is a benchmark of the market for all the home loans issued to borrowers with weak credit . A collapse of this index leads to these home loans being marked down in value. The advent of the so-called mark-to-market accounting rule requires firms to slash the value of their holdings.
The problem is that it looks like the ABX can be manipulated. The Wall Street Journal has noted that there is criticism "that the ABX is manipulated by hedge funds, or fails to represent the overall subprime or housing market"
Some investors benefited handsomely. Hedge fund manager John Paulson personally has made billions of dollars over the last two years from the collapse of the subprime mortgage market. How he did this can be found in this superb Wall Street Journal article.-
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nostalgia8 months, 3 weeks ago
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Who else may have benefited? Indeed, who may have helped precipitate the crisis by taking actions that would weaken the ABX Index? We don't know, but there are some obvious suspects.
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George Soros for one.
Word of Paulson's early success got "around in the world of hedge funds" and Soros invited Paulson for lunch, "asking for details of how he laid his bets, with instruments that didn't exist a few years ago"
Paulson made billions betting against the ABX Index. When you bet against the value of an index it exerts pressure on it -- hastening a decline and thus a decline in the value of the products that are priced using this index.
Did George Soros profit from such machinations, too? A relative, Peter Soros, directly invested with Paulson. Others also listened to Paulson and went off on their own to independently follow the same strategy and have reaped vast fortunes in doing so. Soros has refused to answer questions from the Wall Street Journal about his now infamous lunch with Paulson .
Democratic Senators of New York have been in the forefront of protecting hedge funds. Senator Schumer was among the Senate Democrats who recently led the fight against taxing hedge funds at a higher rate.
Senator Chris Dodd (D-Connecticut)) is a "beloved advocate of many of the hedge funds housed in his state" and has benefited mightily from donations from these hedge fund managers.
Barack Obama has now eclipsed Dodd's fundraising record from hedge fund titans. Indeed, Barack Obama-after an initial promising stance regarding taxing hedge funds-backed away from the issue after briefly raising it last year
http://www.americanthinker.com/2008/10/hedge_funds...
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jordan118 months, 3 weeks ago
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I wouldn't be surprised at all that some choreographed this mess. Our financial system is, after all, linked to the world. But to deflect the information with partisan clap trap ('they' did it so Obama would win) forces me to give 'sink' the article.
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Wolfie20078 months, 3 weeks ago
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Jordon aren't you one of those Truthers who believe George Bush and the Israelis were responsible for the attack on th World Trade Center on 09/11? The attack on the financial markets orchestrated by George Soros 09/11/08 seems more plausible. It played out to Obama's benefit and it was to his benefit that it was kept quiet. Also, it was most likely easier, took less planning and preparation and involved far less people than the attack in 2001.
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DenCuddy8 months, 3 weeks ago
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What's more plausible is that the Bear Sterns LBrothers mess spooked the world to pull their money from the ponzi scheme wall street banks and get it to a safe haven as opposed to Soro's coordinating the whole thing.
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Smart money runs from a bad investment.
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annk1-958 months, 3 weeks ago
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Doesn't anyone remember a movie called "Rollover", with Kris Kristofferson?
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This can happen anytime. A great deal of our financial system is tied up with the Mid East money men. If they pulled out their money for 24 hours, our economy would be wiped out, and no coming back from it. -
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sd208 months, 3 weeks ago
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It appears to me some knew if our markets dropped seriously it would turn the crowds to the liberail candinate who promise the most. This does not mean he can produce any lasting results. But the news media can make a cow paddy into a hamburger. It is like a person going to a maul or school to shoot people. The gunner than shoote theirself. Like serhan serhan and Bobby kennedy. Who gete all the press coverage; the antigun mob. Loosing God, Christ,and the second amendment will put we the people into the U.N. All you loose is the Constitution; Bill of Rights; and Personal Freedom. Some one ellected him now we the people will for it. Think about it!
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