Who Will Bail Out Uncle Sam?
By Mike Adams, September 17, 2008 | Key concepts: National debt, U.S. government and Federal Reserve
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$9 trillion debt. That's what the U.S. government own central banks around the world. And still, it's spending hundreds of billions of dollars bailing out failed financial institutions. Do the math here, folks: Americans are about to be stripped of their wealth by a bankrupt government desperately clinging to financial existence. Move your dollars or lose 'em.
From Cbsnews.com: The federal government may seem like a financial knight on a white steed riding to the rescue of big companies in trouble. The irony is that Uncle Sam’s got enormous money problems of his own. The government is far deeper in debt than any of the companies it’s bailing out. As of this morning, the national debt stands at over $9.634 trillion. That’s trillion - with a "T." And that’s nearly $4 trillion more than it was on the day President Bush took office.... more
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