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On September 18, 2008 half a trillion $ were withdrawn from american banks
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“On Thursday [Sept. 18, 2008] at about 11 o’clock in the morning,”
Kanjorski began, “the Federal Reserve noticed the tremendous drawdown
of money market accounts in the United States to the tune of $550 billion dollars
being drawn out in a matter of an hour or two. The Treasury opened up its 
window to help. It pumped $105 billion in the system and quickly realized
that they could not stem the tide.”

At that point, officials realized, Kanjorski relates, “We were having an
electronic run on the banks.”

The fact that
the identities of those who simultaneously decided to withdraw their money
at 11 a.m. on Sep. 18, precipitating this panic, were never released, does lead
one to question whether or not something sinister was at work.

In response, Kanjorski continued, “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 and that’s what actually happened.”

And, if nothing had been done, Kanjorski revealed, “their estimation was that
by two o’clock that afternoon, five and 1/2 trillion dollars would have been
drawn out of the money market system of the United States, would have 
collapsed the entire economy of the United States and within 24 hours the world
economy would have collapsed (which would have meant) … the end of our economic
system and our political system as we know it.”

Kanjorski concluded, “Someone threw us in the middle of the Atlantic Ocean
without a life raft. And, we’re trying to determine which is the closest shore,
and whether there’s any chance in the world to swim that far.  We don’t know.”

But why is no one in the least bit curious to know who that “someone”
is who “threw us in the middle of the Atlantic Ocean without a life raft”—
the consequences of which have so damaged our economy’s job-creating engine?

  By  Mary Claire Kendall    01/15/10  at dailycaller.com


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