VIDEO A little history points to where we are today.
Under the leadership of Satan there are men who today are doing all in their power to plunge the world into commercial strife. Thus Satan is trying to bring about a condition of things that will make the world uncivilized. He desires to see strange things acted out, which God, who is too wise to err, has not ordained. –Letter 114, Oct. 27, 1910, to Elder A. G. Daniells, president of the General Conference. {TDG 309.6}
$550B run on money markets, 9/11 or 9/18, 2008?
There is some blow-back among journalists and bloggers, to I.O’s 2/14 updated article, immediately prior to this one — enough that I have added a couple question marks in key places. This dispute/correction by means of conventional wisdom declares the $550B withdrawal from money market funds mentioned by Rep. Kanjorski as having taken place in less than two hours, were two hours out of Thursday, 9/18/08 and not 9/11/08.
I.O. once again offers the unedited Kanjorski pronouncements on C-SPAN, wherein he states
- Look, I was there
- and talked with members of Congress about what was going on.
- Here’s the facts, and we don’t even talk about these things.
- at about eleven o’clock in the morning, the Federal Reserve noticed a tremendous draw-down of money market accounts in the United States, to the tune of $550 billion dollars was being drawn out in the matter of an hour or two. The Treasury opened up its window to help. They pumped a hundred and five billion dollars 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, and that’s what actually happened.
From this, one would logically assume that the Thursday in question was likely on 9/11. However, there were news reports at the end of the following week which indicated a 9/18 date, for a huge draw-down. However, such reports also indicate statements [emphasis by I.O.] such as:
- The news on redemptions at Reserve Primary is certainly
- . The only reference to it that I have seen was
- in the third paragraph of a Bloomberg story.
- [from
- “
- “]
And from a New York Post article, “Almost Armageddon,” dated Sunday, 9/21:
According to traders, who spoke on the condition of anonymity
- , money market funds were inundated with $500 billion in sell orders prior to the opening. The total money-market capitalization was roughly $4 trillion that morning.
From the above, it is clear that details of this enormous threat to the United States’ economy were being kept quiet. From the above, one is compelled to ask, how quiet? For example, it being kept as quiet as it was, had traders been trained by the federal government to hush news of any market panic potentially caused by economic terrorism? And if so, how long might they have been able to keep such a thing quiet? After all, it would be convenient to keep very, very quiet, an enormous economic attack on the date, 9/11.
Members of Congress have the answers. I.O. commends Rep. Kanjorski’s interest in Congress informing Sovereign Citizens of what occurred and looks forward to gaining more information from them — more glasnost, less mushroom management. For starters, what exactly do you mean to say, Rep. Kanjorski?
It should also not be lost in this discussion that it has been said, the most significant catalyst for the mortgage meltdown was the failure of IndyMac and that the catalyst for this was the prior public doomsaying of the same by Senator Charles Schumer. Nor should it be forgotten that Senate Majority Leader Harry Reid later leveled a similar, severely damaging public badmouthing of the insurance industry.
Add to this the move of ideological the friends of known economic terrorist, and fellow bankroller of MarxoFascists, George Soros, who are Herb and Marion Sandler. These culprits sold their virtual loansharking mortgage business, Golden West, to Wachovia Bank. Presumably they, being good at business, had a reasonable idea of when their loans were going to sour.
Add to this, the recurring patterns of huge end of day and end of week sell-offs on Wall Street, during this time, quashing hopes for stock market stability.
Then there was the prevention of the investigation of Fannie and Freddie, the campaign funding kickbacks of the same to the Democrat Congressmen who “helped” them, the revised Community Reinvestment Act which provided political correctness to rampant bad mortgages, the coercive tactics of Soros-backed ACORN, demanding that banks give out many more bad loans, and one wonders just what strings and wool can be pulled.
And keep in mind, this is the same Congress which ramrodded two crisis deepening, trillion dollar “acts” of economic sabotage upon us, since September.
Convenient coincidences abound. So do cunning and stealth by the powerful — along with profound media ignorance. Yes we do look forward to gaining more tidbits of need-to-know information from Congress. (The Good Lord knows we don’t expect the same from the new Executive Branch, since critical information to which voting American Citizens are entitled, fails to come, from the man who attacks those who seek it, Barack Obama — or is that Barry Soetoro, the new, Indonesian “president” of the United States?)
Yes, let us have some further dialogue with Congress. As Rep. Kanjorski relates, they may need it.
© Arlen Williams
Legatus members are ‘ambassadors’ who bring their faith to the marketplace
Jim Huntington, outgoing president of the Indianapolis Legatus chapter, shakes hands with newly inducted members Dave and Victoria Temple during Mass at St. Michael the Archangel Church in Indianapolis Dec. 12, 2019. To Huntington’s right is Legatus founder Tom Monaghan. (Credit: CNS photo/Natalie Hoefer, The Criterion.)
INDIANAPOLIS — When the Indianapolis chapter of Legatus marked its 30th anniversary, Tom Monaghan, founder of Domino’s Pizza and Ave Maria University in Florida, was on hand to help members celebrate.
Monaghan, now 82, established Legatus for Catholic business executives and owners over 30 years ago. The organization describes its members as “ambassadors for Christ in the marketplace,” and the Indianapolis chapter — founded Dec. 8, 1989 — is the fourth oldest Legatus chapter.
“I congratulate you on your 30th anniversary,” he said. “I like the number 30. I built my career on 30-minute deliveries.”
“Indianapolis is one of my favorite chapters, if not my favorite chapter,” Monaghan said, and noted that with nearly 70 active member couples, it also is “one of, if not the, most successful” of Legatus’s 98 existing or forming chapters.
The Dec. 12 anniversary event was held during the chapter’s annual Christmas celebration Mass and dinner.
The goal of Legatus is “to bring your Catholic faith into your business by your actions and the way you behave and operate your business,” said current chapter president Gary Hoefle, founder of Maxim Services LLC.
He and his wife, Katie, are members of St. Luke the Evangelist Parish in Indianapolis.
Members and their spouses are enriched through the organization in multiple ways. Monthly meetings begin with the opportunity for confession, the rosary and Mass, followed by a presentation by local and national Catholic speakers and business executives addressing faith life, family and the workplace.
“There have been some fabulous stories of people almost in desperation with what they’re dealing with, and their faith got them through,” Hoefle told The Criterion, newspaper of the Archdiocese of Indianapolis.
Developing one-on-one, spiritual-based relationships is the role of the men’s and women’s forums. Groups of up to 12 members gather once a month to pray and to discuss family, business, spiritual and personal concerns from a Catholic perspective.
These forums are “where faith-sharing comes into play” in Legatus, said Hoefle. “All of the members have common challenges. It’s not often they have someone they can confide with in their business. It really makes a difference when they have a group in common that they can confide in.”
Members also are spiritually enriched through retreats, pilgrimages and conferences.
Legatus was created for “practicing Catholic laymen and laywomen … CEOs, presidents, managing partners and business owners, with their spouses,” who seek “to study, live and spread the Catholic faith in our business, professional and personal lives,” according to its website.
This mission is sought “in the love of our Lord Jesus Christ, his church and his vicar on earth” in adherence to the Church’s magisterium, it says.
As chaplain of the Indianapolis chapter, Msgr. Joseph F. Schaedel, pastor of St. Luke the Evangelist Parish, is tasked with vetting potential members to ensure they are practicing Catholics — to not be “goes against our message,” Hoefle explained.
There also are requirements for membership involving professional titles — such as CEO, owner, vice president, publisher and more; the number of employees the member is responsible for; and a company’s financial volume or value.
“I think the limits are set (by Legatus) to make absolutely certain that the member has the time and financial wherewithal to be an active participant” in terms of dues and other components, said Hoefle.
And while having a philanthropic component might be expected of a group whose members meet such financial requirements, that aspect of the faith is already deeply embedded in the lives and businesses of the members.
“So many of our members and their businesses are solicited for donations and asked to be involved in community and parish leadership,” said Hoefle. “And they do give, and they are involved.”
“So it’s nice to go to an event once a month … (where) we’re just gathered together to continue to grow in our faith with each other and make sure we’re going to our businesses in the same fashion.”
Hoefle said that spiritually, Legatus has “helped me as a person.”
“I have met some very, very faith-filled people who have inspired me through my relationship with the group,” he said.
The group is good for couples as well, said Schaedel.
“It can strengthen marriages. Since spouses are equal members, (Legatus) also provides at least one night a month for each couple to be together for Mass, a speaker, socializing and dinner,” he said.
Beth Leonard is a member with her husband, Bill. She said she and Bill, members of Immaculate Heart of Mary Parish in Indianapolis, have “grown in a way of challenging ourselves in our faith to just grow deeper, using everything we learn through Legatus and the people.”
Hoefle noted that now, 30 years after the Indianapolis Legatus chapter was founded, is an especially good time for Catholic business owners and executive professionals to consider joining the organization.
“The other (secular) side is so vocal, almost to the point that they want to extinguish the other side,” he noted. “I think, particularly in today’s society, it’s so important for individuals to feel grounded through faith.”
“If you give that image, and you truly believe in what you’re doing, your employees are going to get it.”