Thursday, December 4, 2008

Bailouts:The Money Doesn't Come From the Moon

This is a must read article. Every bailout requires mortgaging our future deeper with the proverbial government line of credit extended by investors and savers throughout the world.
“Be Nice to the Countries That Lend You Money”

I am not a doom and gloom person but you should be watching the value of the US dollar and the cost of our debt over the next few years to see if the mighty American Empire is burning or dropping to an also ran status like France, Italy or Great Britain.


bookmars said...

Good articles...
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WebSight said...

Good point. The money has to come from somewhere.

Student Loan Consolidation said...

Great post but I do not agree with you in the sense that things are come so far off that we would be mortgaging our future as you put it. You are right that every penny borrowed will have to paid off by our future generations but it is up to us to wake up and start acting in a manner to ensure our future generations do not feel burdened by our mistakes.

PS. The GNP Debt on the right side of this page is kinda scary. Is it for real???