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XMFSinchiruna (27.35)

ALERT! $3.9 Trillion was a Drop in the Bucket... this has gotten completely out of control!

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November 26, 2008 – Comments (4) | RELATED TICKERS: C , FNMA , FMCC

Remember my last tally from back in October, Fools? While the nation was wrapped up in debate over the $700 billion bailout, the Fed and the Treasury were busy running up a tab more than five times that size. In just seven weeks, though, the problem has more than doubled in scope while the distraction has been reduced to a laughable $25 billion.

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Fools, while we were all wasting our breath debating the finer points of a $25 billion bailout for the automakers, these unelected officials were busy bringing the total sum pledged in a misguided response to the financial crisis to a whopping $8.6 trillion!!

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Please don't miss this article, as I believe that being aware of this tally is vital to understanding the big picture of where we stand today as a nation ... in an undeniable state of fiscal insolvency.

http://www.fool.com/investing/international/2008/11/26/39-trillion-was-a-drop-in-the-bucket.aspx

Please send this article out to anyone you think would like to be aware of where we stand. You can click the e-mail link to the right of the article and enter their addresses. Family, friends, and co-workers alike... everyone has a right to know what the media has not done an adequate job of telling us. Also, please be sure to recommend the article to help get more Fools to see it. Thank you!

As we head into the Thanksgiving holiday, I want to express how thankful I am for this community. CAPS is the only place I know of on the web where so many intelligent and respectful people have come together to analyze these historic events as they unfold. I hope you all have a terrific time with family and friends, and wish you health and happiness!

4 Comments – Post Your Own

#1) On November 26, 2008 at 5:39 PM, anchak (99.83) wrote:

Great article!

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#2) On November 26, 2008 at 8:44 PM, Option1307 (29.65) wrote:

Things are just starting to pick up, this number could/most likely will grow much further as this event plays out. Get ready...Good article, it sumamrizes everything nicely.

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#3) On November 27, 2008 at 1:37 AM, FleaBagger (29.21) wrote:

When you're the one printing, money is practically free. In fact, when you're the one who owes trillions of dollars, inflation pays you! Watch for the credit deflation to be lost in the ocean of dollars.

$8.6 trillion is just the beginning!

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#4) On November 28, 2008 at 2:53 PM, jesusfreakinco (28.78) wrote:

Everyone is talking about Quantitative Easing.  Surely to lead to inflation in the long-run, if not a lack of confidence in the dollar in the short run.

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