The US electronic bank run of September 18, 2008

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Hello list,

 

One of the most dramatic moments in the US financial crisis last fall was described thus by Pennsylvania Congressman Paul Kanjorski (D), Chairman of the House Financial Services Subcommittee on Capital Markets, on C-SPAN.

 

“On Thursday [september 18, 2008], at about eleven in the morning, the Federal Reserve noticed a tremendous drawdown of money market accounts in the United States, to the tune of five hundred fifty billion dollars was being drawn out in a matter of an hour or two. The Treasury opened its window, to help. It pumped one hundred five billion dollars into the system, and quickly realized they could not stem the tide. We were having an electronic run on the banks! They decided to close that operation, close down the money accounts, and announce a guarantee of two hundred fifty thousand [dollars] per account so there wouldn’t be further panic out there. [the FDIC insurance coverage limit was increased]. That’s what actually happened. If they had not done that, their estimation was that by two o’clock that afternoon, five and one half trillion dollars would have been drawn out of the money market system of the United States. It would have collapsed

the entire economy of the United States and, within twenty-four hours, the world economy would have collapsed. Now 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. And that’s why when they [the Treasury and Fed] made the point that we’ve got to act and do things quickly, we did.â€

See video: http://www.liveleak.com/view?i=ca2_1234032281

See transcript of Rush Limbaugh story on this event: http://freerepublic.com/focus/f-news/2183027/posts

 

The electronic bank run took place on a Thursday, September 18, 2008, a few days after Lehman Brothers bank collapsed (on Monday, September 15, 2008). The period and transit influences in the SAMVA USA chart at this dangerous time are very interesting and also consistent with the event:

 

Venus-Jupiter period was operating, giving importance to the transit influences involving transit Jupiter and natal Jupiter. Jupiter rules banking and as 6th lord it rules financial stability. Its natal placement in the 5th house brings to the fore management with regard to its indications. The natal affliction of Rahu in the 10th house of government to the 6th house, which is ruled by Jupiter, indicates manipulation with regard to its indications.

 

There was a malefic combination of rare magnitude at that time. Transit Jupiter at 18° Sagittarius and in the MEP of the 6th house was afflicting transit 8th lord Saturn at 19° Leo and the 2nd house, natal Rahu at 18° Aries and the 10th house. In turn, Jupiter was afflicted by natal Rahu. Importantly, natal Rahu was also afflicting transit 8th lord Saturn. Saturn was also afflicting the 2nd house of wealth, the 4th house of communal harmony (peace of mind of the citizens) and the 11th house of income. As if that was not enough, the transit nodes were stationary on top of natal 2nd lord Sun at 23° Capricorn and 7th house. In short, the indications of banking, financial stability and wealth were being massively threatened. Fortunately, in the 3rd house was a triple conjunction of 3rd lord Mercury, 4th lord Venus and 10th lord Mars. The government reacted to forestall a systemic meltdown.

Transit 1st lord Moon was also conjunct natal Rahu that day.

 

This time may be considered the very peak of the entire crisis, which was predicted in the annual prediction for 2008, based on the SAMVA USA chart, and published on December 31, 2007. See the section CRISIS IN THE FALL:

http://cosmologer.blogspot.com/2007/12/year-ahead-for-usa.html

 

The prediction was reconfirmed in a number of subsequent articles in 2008, before the crisis broke.

 

 

Thor

 

 

 

 

 

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