Rep. Paul Kanjorski breaks the “code of silence” on C-SPAN

In an admission stunning for its frankness (and particularly given the fact it originated with a politician whose country is held prisoner by foreign, criminal interests) Rep. Paul Kanjorski, (D, Penn) Chairman of the House’s Capitol Markets Subcommittee recently admitted on C-SPAN that the current economic problems faced by–not just the United States, but indeed the entire world–were the result of an “electronic run on the bank” that resulted in the hemorrhaging of $550 billion dollars in just “an hour or two.”

VIDEO: www.xanga.com...

"Here’s the facts and we don’t even talk about these things…”

What facts? Who is the "we" buddy? and WHO is it "we" don't talk about?

By the very words of Rep. Paul “Vallachi” Kanjorski, a “code of silence” exists amongst the ‘made members’ of the political and financial elite preventing them from telling the truth, the whole truth and nothin’ but the truth, so help them ‘G-d’. The fact that it took close to 5 months for this information concerning a deliberate run on the banks to be made public is proof positive that the Captain and crew of the Titanic have decided to allow the passengers to go about their lives unencumbered while they try and find a way to “deal with” the current situation. Vallachi also made reference to some other "somebody" who was responsible for sucking out $550 Billion in under two (2) hours, but again the code of silence... "We don't talk about these things." Who is it these people fear, if not [is.RA.el] then who? You know they know. What is it our government is not telling us...

WHAT IS THEY DON'T WANT US TO KNOW ?



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[edit on 16-2-2009 by Crakeur]

Speaking the last week of January on the Washington DC-based television program, Rep. Kanjorski was verbally accosted by an irate American caller charging that the economic stimulus package currently up for debate in the Congress (as well as the previous $700 billion bank-bailout) is solely for the benefit of fat cats on Wall Street rather than for Joe Six-pack on Mainstreet. With barely-concealed panic in his voice, the Congressman tried explaining the severity of the current financial problem faced by the US with the following comments–

“Why did we do that? We did that because…Look, I was there when the Secretary of the Treasury and Chairman of the Federal Reserve came and talked with members of Congress about what was going on, it was about September the 15th…Here’s the facts and we don’t even talk about these things…”

“On Thursday at about 11 am the Federal Reserve noticed a tremendous drawdown of money market accounts in the United States to the tune of 550 billion dollars, being drawn out in the matter of about an hour or 2. The Treasury opened up its window to help, pumped 105 billion dollars in the system and quickly realized 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 this, their estimation was that by 2 o’clock that afternoon, 5.5 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…”

“We talked about what would happen–it would have been the end of our economic and political system as we know it, and that’s why we had to act and do things quickly. Why? Because if you don’t have a banking system you don’t have an economy, and although we did that it wasn’t enough. The economy has been falling and we’re really no better off today than we were 3 months ago, as other assets are going sour by the moment…Somebody 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…”

Put in less “gentle” terms, the 2-hour/half-a trillion dollar/$4.6 billion-per-minute event Kanjorski described was the equivalent of having a major economic artery “Jack-the-Rippered” in a way that threatened the very existence of not only the US but the entire world whose economies and political stability are intrinsically tied to the monetary good mood of the land of the free and home of the brave. According to some of the economic experts interviewed for this piece (who insisted upon anonymity, due to the “sensitive” nature of the topic) it is one of the largest–if not THE largest–singular transfer of money in history in such a short time frame. Furthermore, the general consensus of those interviewed is that had the bloodletting been permitted to run its course–meaning the evaporation of 5.5 trillion dollars–it would have resulted in the elimination of 90% of America’s liquidity (again the “blood” that keeps the economic body alive) in the span of just 5 hours.

In a word, ‘unprecedented’…

Looks like somebody got caught red-handed telling the truth.

Summary for those who don't wish to listen to the whole 6 minutes:

the entire world economy can be brought down in the space of 24 hours; it started, and we acted.

Very comforting...







[edit on 16/2/09 by pause4thought]

Originally posted by unSpy.info
Speaking the last week of January on the Washington DC-based television program, Rep. Kanjorski [...]tried explaining the severity of the current financial problem faced by the US with the following comments–
[...]Somebody 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…”
[...]

(I'll watch the vid in a minute, )
but the point is, that everyone finally wakes up and understands in what deep SNIP the economy is in!
I hope for us all, that the bailouts work, if they don't, well

Blessed be,
Samuel

"an electronic run on banks"

I'd love top know if this run was by people electronically deciding to remove their money, or if it was a computer program set to withdraw huge sums either on that date & time or following some sort of indicator data or news. If it was the latter, I'd also absolutely love to know what that indicator data was which made the program initiate withdrawls. Find out that information and you just might find the real data event which will one day bring the whole system to its knees.

There is already a LONG thread on this here:
www.abovetopsecret.com...

reply to post by David9176


Thanks for the tip.

Just goes to show the importance of a snappy title which gets to the point. I for one never even glanced at that other thread, assuming it had to do with the bigger picture - in keeping with numerous other threads. (You can't read them all!)