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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
Obama asks Saudis to airlift weapons into Benghazi
America's secret plan to arm Libya's rebels
Desperate to avoid US military involvement in Libya in the event of a prolonged struggle between the Gaddafi regime and its opponents, the Americans have asked Saudi Arabia if it can supply weapons to the rebels in Benghazi. The Saudi Kingdom, already facing a "day of rage" from its 10 per cent Shia Muslim community on Friday, with a ban on all demonstrations, has so far failed to respond to Washington's highly classified request, although King Abdullah personally loathes the Libyan leader, who tried to assassinate him just over a year ago.
Washington's request is in line with other US military co-operation with the Saudis. The royal family in Jeddah, which was deeply involved in the Contra scandal during the Reagan administration, gave immediate support to American efforts to arm guerrillas fighting the Soviet army in Afghanistan in 1980 and later â to America's chagrin â also funded and armed the Taliban.
But the Saudis remain the only US Arab ally strategically placed and capable of furnishing weapons to the guerrillas of Libya. Their assistance would allow Washington to disclaim any military involvement in the supply chain â even though the arms would be American and paid for by the Saudis.
The Saudis have been told that opponents of Gaddafi need anti-tank rockets and mortars as a first priority to hold off attacks by Gaddafi's armour, and ground-to-air missiles to shoot down his fighter-bombers.
US military planners have already made it clear that a zone of this kind would necessitate US air attacks on Libya's functioning, if seriously depleted, anti-aircraft missile bases, thus bringing Washington directly into the war on the side of Gaddafi's opponents.
http://www.independent.co.uk/news/w...secret-plan-to-arm-libyas-rebels-2234227.html
America's secret plan to arm Libya's rebels
Desperate to avoid US military involvement in Libya in the event of a prolonged struggle between the Gaddafi regime and its opponents, the Americans have asked Saudi Arabia if it can supply weapons to the rebels in Benghazi. The Saudi Kingdom, already facing a "day of rage" from its 10 per cent Shia Muslim community on Friday, with a ban on all demonstrations, has so far failed to respond to Washington's highly classified request, although King Abdullah personally loathes the Libyan leader, who tried to assassinate him just over a year ago.
Washington's request is in line with other US military co-operation with the Saudis. The royal family in Jeddah, which was deeply involved in the Contra scandal during the Reagan administration, gave immediate support to American efforts to arm guerrillas fighting the Soviet army in Afghanistan in 1980 and later â to America's chagrin â also funded and armed the Taliban.
But the Saudis remain the only US Arab ally strategically placed and capable of furnishing weapons to the guerrillas of Libya. Their assistance would allow Washington to disclaim any military involvement in the supply chain â even though the arms would be American and paid for by the Saudis.
The Saudis have been told that opponents of Gaddafi need anti-tank rockets and mortars as a first priority to hold off attacks by Gaddafi's armour, and ground-to-air missiles to shoot down his fighter-bombers.
US military planners have already made it clear that a zone of this kind would necessitate US air attacks on Libya's functioning, if seriously depleted, anti-aircraft missile bases, thus bringing Washington directly into the war on the side of Gaddafi's opponents.
http://www.independent.co.uk/news/w...secret-plan-to-arm-libyas-rebels-2234227.html