There used to be a saying "backed by the full faith and credit of the United States." Maybe there still is, but who are you going to believe these days?
-I wouldn't put a penny into Fannie Mae, Freddie Mac, or US Bonds (Treasurys) right now... but then I have to set-aside some money so I can pay for any emergent combat-related health issues that Obama doesn't want the VA to cover. (For "full faith" read: BOHICA)
YESTERDAY:
The FED creating huge amounts of money out of thin air yesterday seems to have cheered the gullible ones at least.
NOW:
The US is already BANKRUPT. With a debt roughly four times the size of its economy (US debt $55 trillion vs. $14 trillion in value) we are technically broke. Insolvent.
NEXT:
Hyperinflation
Thursday 19 March 2009
BANKRUPT.....from Rico
From Theo Spark at 15:36
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