This nice review of how much the US Government has pledged thus far to "bail out" the US (global) financial system.
I am at a loss for words. Nice round up. As I have said before, we are looking at needing a wheel barrel full of dollars to buy groceries in the near future. Any idiot who buys US Government Debt will understand how much debt the Fed and other agencies referenced in this article have taken on and they will stop buying any more and begin dumping what they have.
This will happen just when you think the "crises" is over. In reality, the "crises" will look over because the US Gov will have taken all the risk and for a Short while one will think the party is back on. Then all hell will break loose.
If you know anything about how to protect yourself from a dollar that is worth 10% of what it is now, do it today.
Let me know also cause I have no idea.
Monday, November 24, 2008
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