U.S. Financial Crisis: What the politicians don’t want the world to know about the economic bailout
Posted by CreditCounsellors.info | Under Finance: GeneralThursdayDec 25, 2008
Do you know what the secret price of the bailout is costing US citizens? Not to mention the offshore prospectors around the world who are being hit by the global economy crisis? I would go so far as to call myself very informed to financial news. For many years now I have been earning my living as a writer on international living matters. It’s no news to me that the USD is plumiting. But I discovered something today that really made my jaw drop!
A startling turn of events
The following, and startling, facts are all based on a new report out from the National Bureau of Economic Research:
Simply put, the 2008 ‘Financial Crisis’ bailout has cost the United States so far $8.5 trillion. Of course, this isn’t exactly news to the majority of the well informed. These figures exceed beyond most people’s imagination… which is how the US government got away with this whole sham in the first place. To completely understand these figures, though, let me try to put them in context by comparing them next to to other expensive wars and government initiatives since the American Revolution. This is where I couldn’t believe my eyes.
If we total it all up in inflation adjusted dollars, the total cumulative cost of all of the following major US government capital outlays since the American Revolution, they come to $8.1 trillion. You read that right, the end cost of the list below is less than the total cost of this year’s economic bailout.
Here are the wars and initiatives we are talking about, shown in order of price from top to bottom:
- The Second World War
- The all-time budget of NASA
- The Vietnam War
- The Iraq War
- The New Deal
- The Korean War
- The First World War
- The Savings and Loan Crisis
- Afghanistan/GWT
- The Marshall Plan
- The Gulf War
- The US Civil War
- The American Revolution
- The War of 1812
- The Louisiana Purchase
Yes that’s right, you put together the cumulative price of all those things on the above list and the end result is still less than the amount the US has just spent on this year’s bailout! See this report for yourself to get more info on the real cost of the recession.
Investing your Wealth Offshore: What to do
If this doesn’t give you any confidence what so ever about your investments in US dollars, that wasn’t the purpose intended to. It doesn’t take a genius to see that this situation is simply untenable. The USA is already essentially in bankruptcy. Only those who take action now will survive and come out ahead
There are dire times ahead, but if you search for a reliable guide, there are great opportunities to profit from the crisis and you can make more money than ever before!