The Federal Government of the United States of America is out of freak'en control. This little tidbit from Bloomberg...
"The Federal Reserve, Treasury Department and Federal Deposit Insurance Corporation have lent or spent almost $3 trillion over the past two years and pledged to provide up to $5.7 trillion more if needed."
So...we have already "loaned" out 3 Trillion? With 5.7 Trillion available...and this is in addition to our two "bailouts"?
If I was a foreigner hearing this, I would ditch the dollar as fast as I could. Well, maybe that is already happening...
"The total already tapped has decreased about 1 percent since November, mostly because foreign central banks are using fewer dollars in currency-exchange agreements called swaps."
And eventually either the rest of the world will run out of money to loan us or realize that we are bad investment. The IMF is running out of money.
http://www.telegraph.co.uk/finance/financetopics/financialcrisis/4560897/IMF-may-run-out-of-cash-to-fight-crisis-in-six-months-Strauss-Khan-warns.html
Read onward here...
http://www.bloomberg.com/apps/news?pid=washingtonstory&sid=aGq2B3XeGKok
Man, things are not looking good. I think I might put my house on the market (if my wife concurs) just in the hopes that I can get out of it before the total collapse comes. I'll try to ditch my AZ condo as well.
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