"Raving" wrote in message
...
The Federal Reserve and the Treasury announced $800 billion in new
lending programs on Tuesday, sending a message that they will print as
much money as needed to revive the crippled banking system.

The two new efforts — one mainly to finance loans for consumers, and
an even bigger one to push down home mortgage rates — marked the
latest but hardly the last of the federal government’s efforts to
shoulder the losses that began with subprime mortgages and have spread
throughout the economy.

All told, the government has assumed at least $7 trillion in direct
and indirect financial obligations in the form of Wall Street
bailouts, emergency lending and government guarantees on bank
deposits, inter-bank loans and home mortgages. ...

http://www.nytimes.com/2008/11/26/us...26paulson.html

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U.S. NATIONAL DEBT CLOCK

The Outstanding Public Debt as of 26 Nov 2008 at 02:42:06 AM GMT is:
$10,658,914,704,392.65

The estimated population of the United States is 305,161,918
so each citizen's share of this debt is $34,928.72.

The National Debt has continued to increase an average of
$3.89 billion per day since September 28, 2007!
Concerned? Then tell Congress and the White House!

http://www.brillig.com/debt_clock/

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From $700 billion to $7 trillion in a blink of an eye.

... Look who is doing creative accounting now!

Hmm, something doesn't add up.
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The government is in a pure panic mode. They need to find a way to stop the
credit implosion that could result in the elimination of 800 trillion to 1
quintillion dollars in fiat currency. Looked at in this way, 7 trillion is
not so much. It is my view that they are only putting off the reckoning day
for their bad decisions and moral corruption probably for only a year of two
because thay don't understand the nature or magnitude of the current crises.
The world economy will not be able to withstand the intense hyperinflation
that this is going to cause as this fiat infusion percolates through the
economy once the banks begin to release all the greenbacks they are
currently hoarding. Can the USA withstand a real time inflation rate of
1,000 % ? Not for long... Make no mistake, we are currently in the first
stages of a Depression that will make 1929 pale in comparison. In the end
paper money will be totally worthless trash - you wont even be able to burn
it because of all the chemicals that are in it.

Greysky