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Add in the 2 billion dollars per week we spend on the Iraq war. We'll never get out of this mess. Our government is essentially bankrupt.
This is the most galling thing about this bailout. Basically it's somebody (fed gov) that has no money loaning money to someone that has no money(wall street). Fire up the printing presses. Welcome inflation.
In that list, you left out Wachovia that holds nearly $122 bn in distressed assets right now. That's half of what Congress wants to approve. They'll be out of business before this passes most likely.
All that is very well and good, but this video (46 minutes) is something everyone should see. It explains how our monetary system works. And how it ultimately collapses.
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