VIDEO: Hours Split World From Economic Collapse

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Video

According to congressman Paul Kanjorski, the USA was only three hours away from economic collapse in September 2008.

Paul Kanjorski is a Pennsylvanian democratic politician that shocked the public with his performance on C-SPAN.

“I was there when the secretary, and the chairman of the Federal Reserve (Ben Bernanke) came that day and talked with members of Congress about what was going on. It was about Sept. 15” said Kanjorski.

C-SPAN

C-SPAN (the Cable-Satellite Public Affairs Network) is an American cable television network dedicated to constantly broadcasting congress discussions and public relations. C-SPAN does not accept commercials from outside subjects, and the only thing they advertise is their own shows or video sales on their website.

He claims that in a timeframe of only two hours, 550 billion dollars was pulled from bank accounts via electronic routes. On a Tuesday morning at around 11pm, the Federal Reserve Bank noticed a huge withdrawal of funds from bank accounts across the USA.

End of economic system as we know it

Allegedly the state treasury tried to help, but they soon realised that they cannot swim against the current. They gave up on the operation, closed bank accounts and announced that they guarantee 250,000 dollars per account to prevent panic.

“If they had not done that, their estimation was that by 2 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 of the United States, and within 24 hours the world economy would have collapsed. 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” said Paul Kanjorski.

Take a look at Kanjorski’s conversation in the attached video, and note that the part of the video this article refers to starts after the second minute.