9 Trillion in overnight loans is on an average equal to $30B a day for 300 days. The headline number is totally misleading especially when taken out of context. Based on this type of overnight loan calculation, my 30 year 200K mortgage loan is really something like a $2 Billion+ The media keeps putting out these eye catching headlines to get more eyeballs. Unfortunately Joe Six Pack will read this and think the fed actually had outstanding loans of 9 Trillion at the same time.
Posted in other forum-: This is the single most important story out there, and nobody cares. By the way THE 9 TRILLION WAS USED BY THESE COMPANIES TO BUY THE STOCK MARKET ! ! Think about it. The DOW was 6600 when this was going on. Now its 11,000. Thats where the 9 trillion went. They raped us, then they raped us again. And they continue to rape us and nothing is going to change.
There are millions of unaccounted primitive/tribal people who live in forests. If you look at the busy streets and busy transportations in big cities around the world, people will agree there are 50 billion people on Earth.
How The World Almost Came To An End At 2PM On September 18 If they had not done that, their estimation is that by 2pm that afternoon, $5.5 trillion would have been drawn out of the money market system of the U.S., would have collapsed the entire economy of the U.S., and within 24 hours the world economy would have collapsed. It would have been the end of our economic system and our political system as we know it. On Thursday (Sept 18), at 11am the Federal Reserve noticed a tremendous draw-down of money market accounts in the U.S., to the tune of $550 billion was being drawn out in the matter of an hour or two. The Treasury opened up its window to help and pumped a $105 billion in 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. http://zerohedge.blogspot.com/2009/02/how-world-almost-came-to-end-at-2pm-on.html
+1 Many people, including many on ET, will read that headline and be furious. More evidence for abolishing the Fed they'll say. But when you dig deeper, it's clear that $9 trillion is misleading.
Thats exactly what they did............. Nobody cares is the truth, what was done back then is history, no one cares what news is released going forward that talks about what would have been and what they did to prevent the next depression. The funny thing about this whole situation is how they will do everything possible to prop up the stock market when its collapsing but when the market is in bubble mode like it has been a few times in the past they just let it go without any worries. They always seem to put the stops in place on the downside but on the upside anything goes. Those are the games they play, there is so much manipulation in this market, anyone who doesn't think so is a fool.