Posted by Tina
Last year I suggested the economy was being manipulated for political reasons. I don’t say these things to just to hear myself talk. I say them out of deep concern for the country I love. It seems Im not the only one with questions who cares:
Who Attacked Our Economy? Why Does No One Care? by Diana West Townhall.com
** I want you to read something. It’s a snatch of transcript from a Jan. 27 C-SPAN interview with Rep. Paul Kanjorski, D-Pa., that has received zero coverage in what we think of as the mainstream media. **
** To set the C-SPAN scene, Kanjorski is harkening back to the middle of last September, when, as it happens, John McCain was enjoying his brief lead in the presidential polls and the economy as we knew it was imploding. Here’s what Kanjorski said: “I was there when the Secretary (of the Treasury Hank Paulson) and the Chairman of the Federal Reserve (Ben Bernanke) came those days and talked to members of Congress about what was going on. It was about Sept. 15. Here’s the facts, we don’t even talk about these things. “On Thursday at about 11 o’clock in the morning, the Federal Reserve noticed a tremendous drawdown of money market accounts in the United States to the tune of $550 billion, as being drawn out in the matter of an hour or two. “The Treasury opened up its window to help. It pumped $105 billion 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 out there, and that’s what actually happened.” *** Kanjorksi continued: “If they had not done that, their estimation was that by 2 o’clock that afternoon, $5.5 trillion would have been drawn out of the money market system of the United States, would have collapsed the entire economy system of the United States and within 24 hours the world economy would have collapsed. *** “Now we talked at that time about what would happen if that happened. It would have been the end of our economic system and our political system as we know it. And that’s why when they made the point we’ve got to do things quickly, we did.” **
I suggested last year that George Soros was manipulating the markets. I based my theory on his track record and his heavy involvement in extremist democrat politics. It could have been a terrorist attack or an attack by a consortium of enemies, as Diane West suggests, Venezuela, China, Russia…and, I would add, Iran. We know that China has been involved in cyber attacks on our nation:
Chinas ambitions extend to crippling an enemys financial, military and communications capabilities early in a conflict, according to military documents and generals speeches that are being analysed by US intelligence officials. Describing what is in effect a new arms race, a Pentagon assessment states that Chinas military regards offensive computer operations as critical to seize the initiative in the first stage of a war.
Diane West concludes:
** One thing we do know is that former President Bush made extremely cryptic public statements regarding the stability of our markets at this time in question last September, statements noted by Accuracy in Media’s Cliff Kincaid. These began with a Sept. 18 Bush announcement that the Securities and Exchange Commission (SEC) was stepping up its enforcement action “against illegal market manipulation.” As Kincaid wondered, manipulation “by whom or what? The President didn’t say.” On Sept. 19, President Bush further announced that the SEC had “launched rigorous enforcement actions to detect fraud and manipulation in the market. Anyone engaging in illegal financial transactions will be caught and persecuted (sic — good ol’ W.).” Again, what was Bush talking about? *** On that same day, Kincaid reports, “the SEC announced a `sweeping expansion of its ongoing investigation into possible market manipulation in the securities of certain financial institutions.'” Why? What was going on? If ever there was a vital, compelling reason for congressional hearings, Kanjorski’s “electronic run on the banks” story is it. **
Are these investigations, launched by GWB, responsible for uncovering people like Madoff? What about the other transgressors in the banking and lending communities? Have these investigations ended and/or will there be more? I would hope that the investigations continue now that President Obama is at the helm if indeed this was an act of terror. If not, if it was politically motivated, I’m not certain we ever will have our questions answered…we may never know what happened.
One thing is certain…the fourth estate isn’t asking the questions and apparently, doesn’t want to know, knows and is covering, or is totally incompetent. How about all three.