Electronic Raid on US & UK Banks
Ken Craggs | 26.02.2009 13:42
Within an Hour or two, $550 billion disappeared in an electronic run on the banks. Paul Kanjorski, Chairman of the Capitol Markets Subcommitee, is refering to events on Thursday September 11th 2008 at around 11am and of the meetings that took place on 15th September 2008, after News of Lehman Brothers Collapse.
According to Paul Kanjorski, Chairman of the US Capitol Markets Subcommitee, on September 11th 2008, at roughly 11 am, The Federal Reserve noticed a tremendous draw down of money market accounts in the USA. $550 Billion dollars was just siphoned off in a matter of an hour or two. The treasury tried to help with $150 Billion, but could not stem the tide. It was an electronic run on the banks. The treasury intervened but had they not closed down the accounts, they estimated that by 2 PM that afternoon, within 3 hours, $5.5 Trillion would have been withdrawn and collapsed the world economy within 24 hours .
http://www.youtube.com/watch?v=_NMu1mFao3w
Apparently a raid on some UK banks also occured and sent the UK government into a panic bail out mode.
And to ensure it kept raining in September, the World Bank experienced a Cyber Siege in that caused an 'Unprecedented Crisis'. The World Bank Group's computer network — one of the largest repositories of sensitive data about the economies of every nation — has been raided repeatedly by outsiders for more than a year. It is still not known how much information was stolen. But sources inside the bank confirm that servers in the institution's highly-restricted treasury unit were deeply penetrated with spy software last April. Invaders also had full access to the rest of the bank's network for nearly a month in June and July. In total, at least six major intrusions — two of them using the same group of IP addresses originating from China — have been detected at the World Bank since the summer of 2007, with the most recent breach occurring just last month. http://www.foxnews.com/story/0,2933,435681,00.html
The Foxnews article goes on to state: "As a clearinghouse for financial data from both governments and companies, the bank's computers could provide intruders with both a financial and intelligence gold mine — from inside information on bids and contracts to the minutes of confidential board meetings. In a frantic midnight e-mail to colleagues, the bank's senior technology manager referred to the situation as an "unprecedented crisis." In fact, it may be the worst security breach ever at a global financial institution. And it has left bank officials scrambling to try to understand the nature of the year-long cyber-assault, while also trying to keep the news from leaking to the public."
In November 2008, there was a Cyber-Hacking incident at the IMF that was scuppered and later a scandel at Satyam Computer Services Ltd that supplies/maintains IMF/WHO/World Bank software. http://www.foxnews.com/story/0,2933,452348,00.html
Nov. 10 (Bloomberg) -- The Federal Reserve is refusing to identify the recipients of almost $2 trillion of emergency loans from American taxpayers or the troubled assets the central bank is accepting as collateral. http://www.bloomberg.com/apps/news?pid=20601087&sid=aatlky_cH.tY&refer=home
It has been suggested that this money will be used to stimulate the money markets and then cause them to crash again in a stock market buying & selling spree. Apparently the $2 trillion will be channelled into the US stock and bond markets. Firstly, to legitimise the TARP and other bail-outs in the works and Second, to pay back the Federal Reserve and make a huge profit on top through well planned investments.
US Treasury wants to borrow record 550 billion dollars - http://afp.google.com/article/ALeqM5ifDDVNgnDLFckuhbO5_jH_bVccfw - Coincidence? $550 billion is the amount taken during the electronic raid on the banks.
http://www.cspan.org/Watch/watch.aspx?MediaId=HP-A-14757 - 27 January 2009 - Full Kanjorski interview (go to 22:50)
http://kanjorski.house.gov/ Paul Kanjorski's website.
http://www.youtube.com/watch?v=_NMu1mFao3w Apparently a raid on some UK banks also occured and sent the UK government into a panic bail out mode.
And to ensure it kept raining in September, the World Bank experienced a Cyber Siege in that caused an 'Unprecedented Crisis'. The World Bank Group's computer network — one of the largest repositories of sensitive data about the economies of every nation — has been raided repeatedly by outsiders for more than a year. It is still not known how much information was stolen. But sources inside the bank confirm that servers in the institution's highly-restricted treasury unit were deeply penetrated with spy software last April. Invaders also had full access to the rest of the bank's network for nearly a month in June and July. In total, at least six major intrusions — two of them using the same group of IP addresses originating from China — have been detected at the World Bank since the summer of 2007, with the most recent breach occurring just last month.
http://www.foxnews.com/story/0,2933,435681,00.html The Foxnews article goes on to state: "As a clearinghouse for financial data from both governments and companies, the bank's computers could provide intruders with both a financial and intelligence gold mine — from inside information on bids and contracts to the minutes of confidential board meetings. In a frantic midnight e-mail to colleagues, the bank's senior technology manager referred to the situation as an "unprecedented crisis." In fact, it may be the worst security breach ever at a global financial institution. And it has left bank officials scrambling to try to understand the nature of the year-long cyber-assault, while also trying to keep the news from leaking to the public."
In November 2008, there was a Cyber-Hacking incident at the IMF that was scuppered and later a scandel at Satyam Computer Services Ltd that supplies/maintains IMF/WHO/World Bank software.
http://www.foxnews.com/story/0,2933,452348,00.html Nov. 10 (Bloomberg) -- The Federal Reserve is refusing to identify the recipients of almost $2 trillion of emergency loans from American taxpayers or the troubled assets the central bank is accepting as collateral.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aatlky_cH.tY&refer=home It has been suggested that this money will be used to stimulate the money markets and then cause them to crash again in a stock market buying & selling spree. Apparently the $2 trillion will be channelled into the US stock and bond markets. Firstly, to legitimise the TARP and other bail-outs in the works and Second, to pay back the Federal Reserve and make a huge profit on top through well planned investments.
US Treasury wants to borrow record 550 billion dollars -
http://afp.google.com/article/ALeqM5ifDDVNgnDLFckuhbO5_jH_bVccfw - Coincidence? $550 billion is the amount taken during the electronic raid on the banks. http://www.cspan.org/Watch/watch.aspx?MediaId=HP-A-14757 - 27 January 2009 - Full Kanjorski interview (go to 22:50) http://kanjorski.house.gov/ Paul Kanjorski's website.
Ken Craggs