This is being circulated on the internet and we assume the [Democrat] Congressman isn’t lying.
How the World Almost Ended on 18 September 2008
February 10, 2009
On Thursday (Sept 18), at 11 in the morning the Federal Reserve noticed a tremendous draw-down of money market accounts in the U.S.–to the tune of $550 billion, and it was being drawn out in the matter
of an hour or two.
The Treasury opened up its window to help and 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.
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 was that by 2 PM that day, $5.5 trillion would have been drawn out of the money market system of the U.S.; it 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 political system as we know it…
Complete story and Rep Paul Kanjorski video here:
http://seekingalpha.com/article/119619-how-the-world-almost-came-to-an-end-on-september-18-2008?source=front_page_most_popular_articles
Note that the information doesn’t disclose WHO was behind the run on the banks, nor WHY it was done.
It is speculated that perhaps it was done to decisively tilt the economy into the crapper, nudge Bush into doing something as stupid as bailouts, win the election for BO, and then (here’s the REALLY good part) use the reigning economic chaos to provide cover for BO and the socialists while they snatch up power using a gigantic Trojan Horse called “stimulus” package.