Paul Kanjorski, a Pennsylvania Democrat, asked Mr Paulson to reveal details of officials' concerns, which were relayed to Congress in hasty conference calls last year. The calls included discussion of law and order and whether it would be possible to feed the American people, and for how long, according to Mr Kanjorski.
"In a world where information can flow, money can move with the speed of light electronically, I looked at the ripple effect, and looked at when a financial system fails, a whole country's economic system can fail," Mr Paulson said. "I believe we could have gone back to the sorts of situations we saw in the Depression.
Friday, July 17, 2009
Rep. Brad Sherman Was Not Lying. Sec. Henry Paulson Threatened Martial Law to Congress (As Seen in "The Obama Deception")
Below is a memorable clip that was shown in Alex Jones' "The Obama Deception," so you may recognize it from there. The reason why this clip is memorable is it shined the light on the Treasury Secretary's strong-armed tactics in getting the Troubled Asset Relief Program ("TARP") passed back in 2008. Paulson basically threatened martial law and a return to the Great Depression. Recently, former Treasury Secretary Henry Paulson admitted this fact to a House Oversight Committee.
Source: The Independent