{"id":522,"date":"2012-09-19T01:07:17","date_gmt":"2012-09-19T01:07:17","guid":{"rendered":"http:\/\/solomonappiah.wordpress.com\/?p=522"},"modified":"2022-04-12T01:32:40","modified_gmt":"2022-04-12T01:32:40","slug":"congressman-paul-kanjorski-admitting-to-near-collapse-of-us-and-world-economy","status":"publish","type":"post","link":"https:\/\/sunesishq.com\/notes\/congressman-paul-kanjorski-admitting-to-near-collapse-of-us-and-world-economy\/","title":{"rendered":"Where is the $50 Trillion lost in the Financial Crisis?"},"content":{"rendered":"

In an interview on CSPAN on January 27, 2009, Congressman Paul Kanjorski Chairman of the Capitol Markets Sub-committee told viewers of a 2008 electronic bank run reported by the Secretary of the Treasury and the Chairman of the Federal Reserve to members of Congress in which the US economy was literally drained of $550 billion within a space of only two hours. He explained that by the estimation of the Secretary and Chairman, had immediate action not been taken, then by 2pm that same day, 5.5 trillion dollars would have been drawn out of the money market system of the United States triggering a total collapse of the American economy and within 24 hours he said, “the word economy would have collapsed”.<\/p>\n

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