Archive for September, 2008

Stop the Bailouts

Thursday, September 18th, 2008

In the last months and weeks, we have seen the financial crisis accellerate. But on September 17, something new and ominous happened: The Federal Reserve found that it did not have enough funds for its bailouts. So it got the Treasury to issue new T-bills. Flat-out money printing to the tune of $100 billion. This immediately added $10 to the price of oil and $100 to the price of gold. Sure, it could stop here. But that’s what has been said after every bailout, at every stage of this crisis. Ask yourself, has any of the people in charge told you the truth so far?

If you are an American, and you want the USA to have a future, you need to get up and demand that Congress stop this crap right now. Sign the petition!