Now we all know about the National Debt, and how the 800 Billion dollar bailout added to the debt our children will be straddled with! But what about all the other money that the FED lent out? Click on the image below and watch the Bloomberg interview.
This is the current National Debt:
National Debt Ceiling
The National Debt Ceiling was raised on August 2, 2011. Look at the chart below. It looks like we racked up 200 billion dollars in extra debt in just one day.
Most recent graph
The government (and the big banks) are really screwing this country! We are quickly becoming a 3rd World Nation.
And to put this all in a better perspective , here is Glen Beck:
Several years ago David Walker, the Comptroller of the United States (GAO Office) was so frustrated with the Washington politicians he decided to take his message directly to the people:
||I.O.U.S.A.-30 Minute Version (10/01/08) [32:35]|
||I.O.U.S.A. -- One Nation. Under Debt. In Stress (02/15/11) [1:21:30]|
The National Debt is way out of control, but what is more worrisome is the Derivatives Bubble. The economist don't use Trillions of dollars anymore, but Quadrillion... 1.4 quadrillion to be exact. But who's counting!
IOUSA Solutions: Part 1 of 5
I just found this on the web. It looks like a follow-up to David Walker's (Comproller of the US, GAO) campaign to educate us to the looming National Debt. Lots of information... it is well worth the 50 minutes.
IOUSA Solutions: Part 1 of 5 [8:18], Part 2 [8:34], Part 3 [8:28], Part 4 [10:50], Part 5 [7:17]
But the Banks are still doing the same stuff they have always been doing:
Dylan Ratigan MSNBC SEC files civil lawsuit against Goldman Sachs - Part 1 [7:00] , Part 2 [8:52]