I thought it was interesting that there was such fear, uncertainty, and doubt as to the economy and the future. Then I found this (On YouTube); on C-Span regarding the House Economic Stimulus Proposal. It was interesting to listen to this until 2 minutes and 10 seconds into the segment. The person speaking is Rep. Paul Kanjorski, a Dem from Pennsylvania’s 11th District, and Capital Markets Subcommittee Chair. The dramatic change in the US economic condition appears to hint at tactical and strategic money movers, not simply over spending. A decision was made to purge the US economy of $550+ Billion, and the public needs to know when, how, and why. If a country is that susceptible to a single decision to move cash, something has to change at that fundamental level.
There was, in September 2008, a run at the Money Market accounts “to the tune of $550 billion within an hour or two” and the Fed shut down the money accounts to stem the flow of cash. Which, if I remember correctly coincides with a someone asking about why there was a flushing of cash from the system. [I am looking for that source right now, if you know what I'm talking about, drop a note to me.] And I’ve been saying for the last 4 years that we’re in serious trouble if the flow of cash remains how it is. Primarily, cash if flowing out to China, India, and the Arab states, and those countries are state run, allowing complete control over the financial system to hoard cash. China is using that cash now to move into Africa, I have no idea what India is doing with all the cash, and Arab states are using it to build financial infrastructure which is taking a pounding right now.
Now, I’m very curious who it was that sucked $550 Billion from the US money market. I’ll keep looking around, I’m doing a lot of studying right now.
More to come… Globalization, Automated Trading Platforms…