Informational Warfare’s Blog

Just another weblog

‘Financial 9/11’ struck over $6.9 trillion from US economy during 2008
2008 is over, and we have survived it. Though for some of us, just barely. 2008 saw the greatest financial losses in generations, as $6.9 trillion poured from investors’ coffers in the worst series of cascading disasters since the Great Depression. The resulting panic was met with equally drastic action by the US Treasury and Federal Reserve bank. As pillars of the US economy toppled, the Fed government created an additional $8.5 trillion in currency liquidity and began handing out massive, low interest loans in hopes of stopping a chain reaction of failures. This massive economic bloodletting threatens to rival the United States’ GDP: a now-seemingly hapless $14 trillion. James Bianco, president of Chicago-based Bianco Research Inc., told the Toronto Globe and Mail: “No one understands these numbers, and I include the Treasury Secretary [Henry Paulson] and the chairman of the Federal Reserve [Ben Bernanke].”


January 2, 2009 - Posted by | Financial High Treason

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: