Posted by: doggings | February 11, 2009

24 hours & $150 Billion from Global Financial Collapse

Ok here it is, confirmation from those that know, of how close we actually got to an unstoppable systemic  global financial collapse.

At about 2 mins 20 seconds into the video..

Paul Kanjorski of Pennsylvania explains how the Federal Reserve told Congress members about a “tremendous draw-down of money market accounts in the United States, to the tune of $550 billion dollars.” According to Kanjorski, this electronic transfer occurred over the period of an hour and threatened a further $5 trillion to be drawn out,  triggering a total collapse of the Financial System, which prompted Hank Paulson’s emergency $700 billion TARP bailout action.

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