CAT IS OUT OF THE BAG ABOUT USA TAXPAYERS BAILING OUT AIG
EXPLAIN THIS MYSTERY ABOUT THE WHITE HOUSE. European Insurance giant AIG was TEMPTED TO BUY default credit switches by WALL STREET & LOST 85 BILLION but OBAMA makes US TAXPAYERS BAIL THEM OUT WITH A 70 BILLION DOLLAR LOAN.
HOW MUCH EXACTLY is that 70 BILLION BAILOUT (to AIG) COMPARED TO 2 1/2 TRILLION that we owe CHINA and the SAUDIS??SEE PICTURE ABOVE which is a pie chart showing what 70 billion HELP TO A EUROPEAN INSURANCE COMPANY look like next to just 2.4 trillion US DEBT TO CHINA & SAUDIS. Pie chart is accurate.
The AIG bailout is supposed to be more like 85 billion but --same idea.That white splinter is the bailout to that ONE insurance company compared to ALL OUR DEBT.
THE BIG RED PAC-MAN is the money we owe to other nations right now and are paying interest on! And no way we can pay it off. So the USA is in the position of a guy with a lotta maxed out plastic dogpaddling in shark infested water, yet he helps AIG OVER IN EUROPE?? HUH?
SO WHY BAIL OUT AIG? Cuz it's like the camel's first whisker. If you pull it, the camel really starts KICKING every tent in the village down! So the 85 BILL is like whisker ointment to calm the whole camel down, get him to haul merchandise for a few more years and not destroy tent city.
HOW MUCH DOES the USA OWE "SUM TOTAL?" Well, to which side? There are so many sides! The USA borrows money from China and the SAUDIS. We owe Trillon's of Dolllars. HERE IS THE BREAKDOWN:
$5 trillion is held by the public- mutual funds, money market funds, banks, individual citizens, as well as foreign individuals, firms, and
central banks. (IMF .)There is another $4 trillion that is held by various agencies of the US government- primarily the Federal Reserve
THIS IS THE DEBT PAGE YOU WANT TO PUT ON YOUR LIST OF REGULARS TO VISIT: http://www.treasurydirect.gov/NP/BPDLogin?application=np
Of the $5 trillion, about $2 trillion is held by foreign entities
STORMWATCH SITE says 48 TRILLION is owed by USA, quoting the FEDERAL RESERVE -- We know that our grandkids will be paying it off in huge taxes, no public services for them AND USA may pay off their share cutting SOCIAL SECURITY for any senior with income. TEARING DOWN ENTITLEMENTS is how countries like Greece, Spain, play by FED RULES or IMF rules...to do payback to world banks. It's out of OUR SKINS.
SERIOUSLY, this story made the COVER OF TIME MAG: https://images-na.ssl-images-amazon.com/images/I/A1nABlgi9XL.jpg
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