"No matter how paranoid or conspiracy-minded you are, what the government is actually doing is worse than you imagine." - - - William Blum

September 22, 2008

A snippet from America's Financial Apocalypse:

"....What kind of bozos are running this country? Washington can’t even manage its huge annual deficits. The national debt is already $10 trillion. The entitlements programs over the next few decades is in deficit by up to $71 trillion (in present day dollars), the Iraq War is expected to cost taxpayers a total of over $3 trillion, $3.3 trillion is missing and another $3 trillion is needed to repair the nation’s infrastructure. And now taxpayers are on the hook for the mistakes of the world’s largest insurance and mortgage companies and the worst junk held by the financial industry? The Fed has already loaned the banks over $1 trillion! Good God. This is indeed America’s financial apocalypse unfolding before your very eyes.

"Even if these investments pan out do you really think you will benefit? Even if these companies made a turnaround in a few years, if you are expecting some type of tax rebate as a return on this investment you are dreaming. Sure, Washington will tell you that these companies will turn around. They will tell you that this will be a great investment and you will be rewarded with tax cuts. Think again. The only winners in this massive socialistic bailout will be the banks and the CEOs who will escape criminal prosecution...."

Last year this would have been classified as looney and fringe talk.

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