Coming Soon: The Bill for the Massive U.S. Debt

admin — Mon, 04 Jan 2010 18:59:02 +0000

“Right now, without counting future unfunded liabilities like Social Security or Medicare, our national debt tops $12 trillion. There are roughly 100 million American households. That’s a national debt of roughly $120,000 per family.

“In order to keep the government functioning, Congress just increased the federal debt ceiling to $12.5 trillion. And the party isn’t over yet.

“In an effort to keep mortgage interest rates low, the Fed pledged this month to buy yet another $500 billion of Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE) guaranteed mortgage securities.

“But all that spending has a price. And the bill is about to come due.”

This is a n article you cannot afford to miss - it you were not frightened already, you will be by the time you finish reading it.

http://moneymorning.com/2009/12/30/u.s.-debt/

Technorati Tags: fannie mae, freddie mac, national debt, Obama, the Fed, us debt

Expert: “Washington is Wall St. and Wall St. is Washington”

admin — Thu, 18 Jun 2009 22:07:27 +0000

The founder of the Trends Research Institute, Gerald Celente, shared his thoughts on Obamas new initiative and the politicization of the Federal Reserve.

httpv://www.youtube.com/watch?v=Fl6NCPOMZ9I&feature=player_embedded

“They’re printing money out of thin air, but there’s no value behind it.”

Hold on to you saddles, folks… it’s going to get MUCH worse.

Technorati Tags: economic depression, federal reserve, financial depression, inflation, the Fed

Hey, Mister, Can You Spare A Dime? » Federal Reserve

Coming Soon: The Bill for the Massive U.S. Debt

Expert: “Washington is Wall St. and Wall St. is Washington”