True Cost of U.S. Financial Bailout Exceeds $8.5 Trillion

By Mike Adams, November 27, 2008 | Key concepts: Financial crisis, Federal Reserve and Hyperinflation

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For the $700 billion bailout lie told to you by Congress and the Fed: The real cost of the financial bailout exceeds $8.5 trillion, or more than $26,000 for every man, woman and child in the country.

That's money going from your pocket to the bank accounts of rich, corrupt banksters who lost hundreds of billions of dollars betting on risky financial instruments. That's why I've called it the largest swindle in the history of human civilization. It's a massive transfer of wealth from the working-class taxpayers to the rich power elitists who refuse to do real work and, instead, expect the taxpayers to fund their opulent lifestyles.

Call it "welfare for the rich," if you want.

Watch the video in the link below to learn the real truth about this situation and why it won't work. You can't bail out bad debt with more bad debt. The whole thing is a charade. All they're really doing is making the problem bigger in the years ahead while pushing the U.S. currency towards runaway hyperinflation.

Mark my words, folks: The people who think the future of the U.S. dollar will be fine are fools! These actions by the Fed are nothing less than the outright theft of purchasing power from the People, and when the People wake up and realize what's happening, the potential will exist for unprecedented civil unrest. (The People aren't happy when they realize they've been swindled by their own government...)

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True Cost of U.S. Financial Bailout Exceeds $8.5 Trillion

From Therealnews.com: With the credit crisis continuing to worsen, the US federal government is pledging a seemingly endless amount of money to shore up failing institutions hit hard by toxic assets. Federal government pledges now top $8 trillion with the most recent $800 billion announced Tuesday. The Real News Network spoke to journalist and author Nomi Prins.... more

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