In my blog, I thought I was being facetious when I asked the following rhetorical question:

Who will bail out the U.S. Government?

I believe anything can happen, but after digging deeper, I realized there are some serious issues here.

The U.S. government has enormous money problems of its own. The government is much greater in debt than AIG (AIG), Fannie Mae (FNM), and who knows who is else could be next. The national debt currently stands at approximately $9.634 trillion, which is a mind-boggling number! What is also worse this huge number has grown four trillion dollars over the current Bush administration. Now, put into perspective the interest that we, the taxpayers must pay.

How About 230 Billion dollars a year!

Worse yet, the federal deficit for this fiscal year ending September 30 is expected to be in the range of $400 billion – close to the all-time high.

My simple question is where is this going to end?

Have you looked at Tuesday’s short-term interest rates? The three-month rates are sickening. Everyone is running to them seeking security. It is possible that the consensus is that these financial companies such as AIG are too big to fail. Is it because of their derivative exposures, which are unregulated with now questionable counterparty risks? There is only about 62 trillion dollars of these floating around.

Read article

9/11 Chronicles Part One: Truth Rising Get the DVD and make copies or watch the high quality streaming and download version online at Prison Planet.tv. Click here to read more about the film and view sample trailers.

The Emergency Election Sale is now live! Get 30% to 60% off our most popular products today!