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US Taxpayers bail out Foreign Central Banks
Contributed by: Tamara Thoene on 9/15/2008

I am sure by now people have digested the Freddie Mac and Fannie Mae take over. Look at your next retirement account statement. US citizens' retirement accounts and US banks were heavily invested in Freddie and Fannie stocks of which our government left out of the bail out. The US Taxpayer has just been saddled with 5.4 trillion on brand new liabilities from the Freddie and Fannie bail-out. ($5.4 trillion is the amount of liabilities the two companies had together.) (Taxpayers took on this new debt with a stroke of a pen - NO VOTE allowed!) Behind the scenes our country was held hostage. The foreign investors said. "Either we get compensated for our losses in Fannie and Freddie bonds or we dump all the US Dollars we have been collecting over the years." Make no mistake our government doesn't answer to the people they tax, but all the foreign nations we owe. It would not have turned out any different if the president was a Democrat. This mess all stems from congress spending more money than they have. We need to pay our debts off.

The national debt is always calculated leaving Social Security, Medicare, Medicaid, the war, and many other large items off the books. Congress was shocked the government accountants suggested that Fannie Mae and Freddie Mac should be included in the current national debt numbers. We will see how that turns out getting reported or, if it gets reported at all.

Today, our government just spent 1 TRILLION again on 9/15/08 in bail-outs! If WaMu goes under the FDIC might be at the point they need bailing out. The FDIC only has enough cash on hand to pay for about 1.01% of all the deposits they insure today. After that limit has been reached they put you on a payment plan. In the late 1980's some depositors did not get their full amount they had on deposit in failed savings and loans for 2 and ½ years. - FACT. All these bail-outs are ANOTHER BILL FOR YOU! Please tell your congressman you can't afford any more government bail outs. Be careful investing in US Treasury bills and bonds. They will lose their "triple A" credit rating guaranteed.

Get yourself some real money: Gold and Silver. These precious metals have been traded as a store of value (money) for over 5,000 years. They have never declared bankruptcy and they are not controlled by any one nation. This is the international currency. No government can slap an ounce of gold on a copy machine and make more. This is precisely why precious metals maintain buying power over time. (Meaning, it won't get eaten alive with inflation like your US Dollar bill will if the foreigners dump dollars on us.)

If you are interested in learning about diversifying your portfolio with precious metals call Tamara 303-771-5825 at Golden IRA's & Investments, Inc. in Denver, Colorado. I love to educate others about protecting their accumulated wealth. You may also visit www.goldeniras.com to learn more.




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CONTRIBUTOR INFORMATION

Tamara Thoene

Denver , CO

Tamara Thoene has posted 576 stories and 0 comments since joining on 3/13/2008. Tamara Thoene 's average story rating is 3.5.
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