"The Treasury opened its window to help. They pumped a $105 billion dollars 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 ... If they had not done that their estimation was that by two 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."Call me a cynic, but that last line reads like, "We spent tax payer money to save our own asses."
"It would have been the end of our economic system and our political system as we know it."
He speaks of events back in September. Remember back in September? We still had that crime family holding office. Many conspiracy theorists were predicting an event that would lead to a declaration of martial law thus sticking us with, BLEAH! Don't even want to say.
Did they actually try to pull off a double heist that day?
For those who want a positive in this, those people who pulled all that money on that day technically still have it, will need to do something with it, and once they have finished crying over their failed plan might decide to go back to a life of limited riches and control (poor things).
Call that hot cash injection by the government the most expensive condom to date.
No comments:
Post a Comment