$5.5 Trillion Drawn Out in 3 Hours

Discussion in 'Politics' started by Monopoly, Sep 12, 2011.

  1. Monopoly

    Monopoly BANNED

    Sep 11, 2011
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    Here is the financial report that says $5.5 Trillion would have been drawn out of the money market system of the U.S in 3 hours. I have read such serious financial reports that reminds me of this event happening again.

    How The World Almost Came To An End At 2 PM On September 18

    If they had not done that, their estimation is that by 2 pm 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.

    On Thursday (Sept 18), at 11am 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.


    Just a month later this appeared. Just before that Saturday, the European Central Bank took over all cash of the banks, in a fast operation spanning just one day, and without explanation. The monday after that weekend, they kept not only stock markets closed, but also the banks. So, it was clear that they feared major bank runs which would exactly end in where the IMF warned for. See how the puzzle felt together... afterwards?


    Now, what changed since then? Which economical corrections took place? Where are the massive bankruptcies of the bad companies that caused the crisis in the first place? They didn't disappear, they just proceeded draining off resources from the good ones. What happened instead? They repeated the same as what this disaster caused: creating more fiatmoney. At not just at the same rate, but almost 10 times as fast.

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