In 1980's, the bailouts were in the millions. By the 1990's, the bailouts were measured in billions. Today, bailouts measured in trillions.
How much will the next bailout cost taxpayers of the world? Quadrillions?
Each bailout creates more debt that must be paid by the taxpayers. Each bailout robs our children of their future. Is that saving the world to you?
If you call it smart to create new bad debt to replace old bad debt, then Bernanke saved the economy.
What he did was no different than a person who maxes out his credit cards, gets a home equity loan to pay off those credit cards, and then maxes out the same credit cards again.
How can both Bernanke and Greenspan say that they didn't see this crisis coming?
They know that crisis, terror, and eventual bailouts are the cornerstones of the Fed's business plan. They know there has been bailout after bailout.
They aren't here to save the world. They're here to print money by creating debt and to collect the interest that taxpayers pay on that money created out of thin air.
Do they really think the world is that gullible? Unfortunately, the answer is,"Yes."
I'm banking on the fact that at least you aren't.
Robert Kiyosaki
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