How the World Almost Came to an End on September 18, 2008
Submitted by kwas on Sat, 02/14/2009 - 22:23
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 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 was that by 2pm 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...
We are no better off today than we were 3 months ago because we have a decrease in the equity positions of banks because other assets are going sour by the moment.
http://seekingalpha.com/article/119619-how-the-world-almost-...
Once again they stepped in
and propped up their traitorous,thieving,bankster buddies schemes. They got over once again...and now we pay...once again...
What a shame!!!
If that is
the end of the world, I for one welcome it!
DOOMED!!!
http://www.youtube.com/watch?v=potlDrRI01A
2Chronicles 7:14 If my people, which are called by my name, shall humble themselves, and pray, and seek my face, and turn from their wicked ways; then will I hear from heaven, and will forgive their sin, and will heal their land.
how can you be "DOOMED!!!", if you have gold?
http://www.youtube.com/watch?v=potlDrRI01A
2Chronicles 7:14 If my people, which are called by my name, shall humble themselves, and pray, and seek my face, and turn from their wicked ways; then will I hear from heaven, and will forgive their sin, and will heal their land.
the World Would Have Ended?????????????
or just a monetary system? (you sound like a news person...they always hyper-hype everything...."Oh No, it's going to snow an inch today, We're All DOOMED!!! Call in the Nation Guard and have the President Declare a State of Emergency!!!")
2Chronicles 7:14 If my people, which are called by my name, shall humble themselves, and pray, and seek my face, and turn from their wicked ways; then will I hear from heaven, and will forgive their sin, and will heal their land.
DOOMED!!!
http://www.youtube.com/watch?v=potlDrRI01A
2Chronicles 7:14 If my people, which are called by my name, shall humble themselves, and pray, and seek my face, and turn from their wicked ways; then will I hear from heaven, and will forgive their sin, and will heal their land.