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 to find out.
This is the current National Debt (note: you can click on the image to get an even more scarier figure):
Note: a stack of 100 dollar bills, that equals 1 trillion dollars, will reach 62 miles high! Or, if you paid back a loan at 1 dollar a second it would take 31.7 years to pay back 1 billion dollars... or 31,700 years to pay back 1 trillion dollars.
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!
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]