Just more of the little things they don't want you to know
War drove us to most of this
The United States was so rich we could pay all those private Corporations to service the war for us while we were borrowing money to do it!
Those little things that the main stream media didn't feel the need to tell you!
But hey Clay is gay, now how important is that?
http://www.telegraph.co.uk/finance/breakingviewscom/3064548/US-bonds-Will-foreign-investors-remain-buyers.html
For most of this month, Treasury bond prices rose on the theory that, in the midst of a crisis, they were a safe haven. But, as Hank Paulson and Ben Bernanke have approved a bewildering array of ever more far-rearching bailouts, investors started adding up the numbers.
Depending how you account for the quasi-nationalisations of Fannie Mae and Freddie Mac, the total cost is now well over $1 trillion – and possible several trillion dollars.
If Uncle Sam was rich, this might not matter too much. But the government’s deficit is already yawning as the result of a slowing economy. On conservative estimates, it will reach $450bn next year. It doesn't take a dire assumption to think it could top $1tr by 2010.
What’s more, the country as a whole is still relying on funds from abroad to finance its trade gap. The current account deficit is running at $60bn a month, a cool $720bn annually
Hey look Hank's telling the UK to do it to
Stick it to the people let them suffer for our greed
http://www.telegraph.co.uk/finance/financetopics/financialcrisis/3069121/Hank-Paulson-urges-Britain-to-set-up-bank-bail-out-fund.html
And lets not forget the EU who's not doing to well!
http://www.ft.com/cms/s/222e75ec-894e-11dd-8371-0000779fd18c,Authorised=false.html?_i_location=http%3A%2F%2Fwww.ft.com%2Fcms%2Fs%2F0%2F222e75ec-894e-11dd-8371-0000779fd18c.html&_i_referer=http%3A%2F%2Fwww.rense.com%2F
