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The Biggest Casino in the History of the World…

What do derivatives, credit swaps, collateralized mortgage obligations, and the alphabet soup of high finance have to do with Liberty?  Well, the potential yoke of generations of high taxes to pay off debt WE didn’t incur could be here, and it sounds more like serfdom that freedom…
Bloomberg.com reported $9.7 trillion has been lent, spent or [...]

Taxpayers “Backstopping” $10.5 Trillion for Fed?!?!

(Link here to 1984 and Animal Farm)
Unbelievably, the total number for all the taxpayer-backed guarantees authorized out there is $10.5 TRILLION with $2.7 TRILLION already spent! (This from CNN, not exactly a right wing extremist conspiracy group!) The entire US economy used to be about $14 trillion, and now 70% or more will basically [...]