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Topic History of: The Bank Bailout Number 3 USA
Max. showing the last 5 posts - (Last post first)

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As we predicted on here at the time of the first bank bailout that more would be needed.

So we had the Bush Bailout of $500 Billion. Today we have the OBAMA Bailout of $800 Billion.

Announced now is the next BAILOUT of.....$1.5 - $2 TRILLION that now need to happen.

So every two months an increasing BAILOUT figure is announced - doubling every two months.

Soon over 3 TRILLION dollars will have been give to the banks. Even that may not be enough. Add that to the USA national debt and it is clear the USA is basically totally bankrupt. If it was a company it would be wound up.

Why do they keep printing money to give to the banks? and what do the banks do with it ? they certainly are not lending it ? more companies going under every day. No credit in the USA or UK available.

This is beginning to look like a total collapse of capitalism and markets. The bailouts are failing and are just putting off the inevitable - mass bankruptacies. In addition the IMF is running out of money to prop up countries.

Iceland has already gone - Ireland is over a TRILLION in debt and is floundering. China growth is stalling - the money markets are dry as investors run to the hills and stick the money into Gold. Oil is no longer a good bet because demand is slowing every day......

So what has BROWN said today ? the man saved the World in October but sadly his words now ring hollow.

I think we all need to batten down the hatches.

One word of warning - according to the Sunday Papers SEED sales in the UK hit a record high last month ( People are getting prepared for major problems and financial difficulty ) so if you have a garden get the SEEDS in !!!!