Comments on Capitalism Gone Wild: Electronic Run On Banks - $550 Billion Withdrawn I...

I recently came across your blog and have been rea...

2010-02-13T00:22:16.979-05:00

I recently came across your blog and have been reading along. I thought I would leave my first comment. I don't know what to say except that I have enjoyed reading. Nice blog. I will keep visiting this blog very often.

Lucy

http://forextradin-g.net

whats this is america wakeing up

2009-11-10T19:30:52.358-05:00

whats this is america wakeing up

The most likely date for the bank run was Sept. 18...

2009-09-05T16:08:01.351-04:00

The most likely date for the bank run was Sept. 18, 2008. Lehman had been left to fail that previous weekend and filed for bankruptcy that Monday (the 15th)
Until that, banks had been rescued one way or another; Bear Sterns was forced to sell itself a few months earlier. But with Lehman some (Paulson?) tried to make the statement that "market discipline" would punish bad behavior; discipline that had already failed before that was why we all were there.
Fundamentalists were so idiotic that never realized that they had opened the gates for the bank run; in turn, a bank run would have killed us all -"good" and "sinners"

By early Sept 2008 McCain-Palin were starting to p...

2009-04-15T15:19:48.070-04:00

By early Sept 2008 McCain-Palin were starting to pull ahead, and then-- crash-boom. WHen this happened, a few people asked whether this might have been orchestrated sabotage but the idea was dismissed out-of-hand. "Ridiculous," we were told.

Given the organizational capabilities of the Obama campaign, could it have been a well-organized action by a large number of depositors with small and medium-sized accounts who were told to quietly withdraw funds and do a little "bank sabotage"?

Remember the slogan "Work from within!" made popular by the Weathermen just around the time some of their leadership had come out of hiding, been arrested or simply disappeared underground? Could this have been the result of a little "community organizing"?

PHILMON; Please, tell me that after 7 years (2008...

2009-03-25T13:11:30.633-04:00

PHILMON; Please, tell me that after 7 years (2008) you don't still believe in Al-Ciada and 911 was Osama. Please tell me you have done research, have seen the physicists, demolition experts, firemen, first responders, witnesses...I mean, you can't go on being a skeptic and not know what skepticism entails. It means you search everywhere for answers, you don't merely accept the popular mythology. This run on banks was another 911 and those, namely the MOSSAD and CIA who were instrumental in pulling off the first one could have just as effectively pulled the second. Skeptic, you are no such thing, man. See; LOOSE CHANGE-FINAL CUT at least to start with. B

I can't figure out what has kept it afloat this lo...

2009-03-13T23:18:04.847-04:00

I can't figure out what has kept it afloat this long. U.S. debt now exceeds world G.D.P. What happened ? Deregulation allowed toxic 'assets', scams and Ponzi schemes.
They were all guaranteed by the U.S. Treasury. God forbid crooks' schemes should rebound on the perpetrators. Private profit, public loss. Corporate welfare state.
This was part of a pattern.
http://wallstreetwatch.org/soldoutreport.htm
http://thepanelist.com/General/General/Bush%92s_Final_Legacy%3A_Stealth_Tort_Reform_200810151229/
Keeping you from your money. Iran, N. Korea, Iraq and more have been denied use of their U.S. dollar deposits at times : rather killing the notion that it is an adequate international medium. If you were a foreigner realizing your payment was in a medium basically unsound and subject to arbitrary cancellation - would you take such an I.O.U. ?

Withdrawing your own money - even if it is 550 bil...

2009-03-12T21:20:58.046-04:00

Withdrawing your own money - even if it is 550 billion dollars - is not terrorism. Measures that prevent people from withdrawing THEIR money is more akin to terrorism.

Thursday, presumably Sept 11.Huh.A friend sent me ...

2009-03-03T22:15:01.531-05:00

Thursday, presumably Sept 11.

Huh.

A friend sent me a link to an article that claims that the economic collapse was intentional and theorized that it was done to bring about a soft socialist revolution.

I immediately saw my dad in a tinfoil hat.

I am a skeptic. Natural born, through and through. I read the article and I emailed the author (actually left him a comment) saying that I am a skeptic, but I can't shake the idea that he may be right but that I needed something more concrete.

He sent me a link to a blog entry with some CSPAN video of a Pennsylvania Congressman (Democrat) ... looks like he's on some financial comittee ... talking about the "event" that author said took place.

The author, in his reply to me said he can't prove it was intentional, but.... . And of course I said to myself "uh-huh, that's what all the wild-eyed conspiracty theorists say."

The author replied with a link to this post with the video which looks to be quite legit, and it's interesting in and of itself to hear what the congressman had to say. It happened (we can't tell if it was Thursday Sept 11 or Thursday Sept 18) .... I'm leaning 11th since ... he says "On Thursday" after he said "it was Sept 15" ... starting about 2:08 into the video.

Now that I think about it, that detail points to Al Queda. Sept 11? Bin Laden's stated his objective all along has been to destroy the U.S. by bankrupting us. That's basically what happened to Russia, only we had a lot to do with that. But Bin Laden thinks he did it.

This is why he attacked the WTC. He thought that would do it. It didn't work. Then he thought a long, protracted war would do it. And it didn't.

We know they have cyber terrorists. I'm not saying this is what happened, but it should be bookmarked in the backs of our minds. Whatever it was, whether it was a panic or a coordinated effort by financial entities within the US either panicking or looking to touch off a soft revolution ... or a hostile foriegn government (like, say China - who has backed Democrats at least since the Clintons, but there are other possibilities) ... or something Al Queda cooked up.

These are all good questions to follow up on.

But why have I never heard about the 550 billion dollar run on the banks in September until now?

Inquiring minds, and all.

There is nothing more moronic than comments from i...

2009-02-14T18:37:43.553-05:00

There is nothing more moronic than comments from ignorant paranoids. This wasn't an attack, it was a panic. Most of the people withdrawing funds were Americans who were taking there money out of Money Market Funds because one fund famously "broke the buck" - returning less that $1.00 for each dollar deposited.

This is but another example of how the average Repub has "left the reservation" of common sense. Only the ignorant populist idiots that listen to Rush would be taken in by this.

This smacks of George Soros.

2009-02-14T15:27:09.090-05:00

This smacks of George Soros.

Or it could have been just one entity such as a fo...

2009-02-12T22:08:59.495-05:00

Or it could have been just one entity such as a foreign government. ??

It might not be a case of millions of depositors, ...

2009-02-12T11:58:57.029-05:00

It might not be a case of millions of depositors, but rather a small group controlling a multitude of accounts. For examply, Commodities traders can exercise a single transaction which can be applied/effected among all of their trading accounts. SO, it could have been something similar.

Is it impossible to find out how it came to be tha...

2009-02-12T06:46:06.869-05:00

Is it impossible to find out how it came to be that millions of depositors suddenly wanted all of their money out - to the tune of $550 Billion in a single hour? Or is it that a few hundred institutions - perhaps some foreign hedge funds, banks, etc. - all simultaneously withdrew all their money (which could easily amount to $250 Billion if they were big institutions) and that began a cascade when it was noticed by others? It seems odd that $550 billion worth of deposits would suddenly desperately want to be withdrawn in a single hour, no? One would think that people interested in our banking system - Bernanke for instance - might have launched an investigation and provided some clues.

should have led this broken system collapse. it wo...

2009-02-12T01:29:04.806-05:00

should have led this broken system collapse. it would be tough times but they are only postponing the inevitable. the system was broken years ago when the government handed it over to the Federal Reserve Cartel. they borrowed 700 billion dollars from future earnings that will never be earned. what a joke. who are these idiots.

well, when we "find the shore" are they going to g...

2009-02-11T02:26:56.521-05:00

well, when we "find the shore" are they going to go after who ever did this? i think the american people have a right to know...

It's either Thursday Sept 11 2008 or Thursday Sept...

2009-02-09T17:13:24.611-05:00

It's either Thursday Sept 11 2008 or Thursday Sept 18 2008