Destroying the System February 10 2009
On Thursday at 11:00 a.m. the Federal Reserve noticed a tremendous draw-down of money market accounts in the U.S., to the tune of $550 billion was being drawn out in the matter of an hour or two. The Treasury opened up its window to help and pumped a $105 billion in the system and quickly realized that they could not stem the tide. We were having an electronic run on the banks. They decided to close the operation, close down the money accounts and announce a guarantee of $250,000 per account so there wouldn’t be further panic out there.
If they had not done that, their estimation is that by 2:00 p.m. that afternoon, $5.5 trillion would have been drawn out of the money market system of the U.S., would have collapsed the entire economy of the U.S., and within 24 hours the world economy would have collapsed. It would have been the end of our economic system and our political system as we know it.
Tip to Hillbuzz, which gets a little conspiratorial.
And now the question begs…if Soros (or someone else like him), engineered this run on the financial markets to ensure Obama’s victory, what did Soros want to get out of that deal? Surely it wasn’t just because he really, really liked Obama.
Could this Trillion Dollar Jockstrap of Spending Obama’s pushing through Congress have anything to do with payback for Soros’ election help?
Why insist this bill is passed before people read it unless there’s something devastating in there to hide?
Soros is the man who broke the Bank of England.
Could he have tried it here?
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