Asset Protection: The Incredible Cost 2008 Bailout in Context

Do you know what the real expense of the bailout is costing US citizens? Not to mention the international investors around the world who are being affected by the global economic meltdown? I would consider myself very informed to economic news. For some time now I have been earning my living as a writer on asset protection matters. It’s no news to me that the USD is falling. But something showed up in my inbox today that I just couldn’t believe!

A disturbing Economic Report

The following, and startling, facts are all based on a new report out from the National Bureau of Economic Research:

Simply put, the 2008 Economy bailout has cost the United States so far $8.5 trillion. Of course, we hear numbers like this bandied about all the time. These figures exceed beyond most people’s imagination… which is how the US government got away with this whole foul play in the first place. To actually take in these numbers, though, this article seeks to put them in context by comparing them next to to other expensive wars and government proclimations since the American Revolution. This is where I could hardly believe what I saw.

If we add it all up in current dollars, the total price of all of the following major US government capital outlays since the American Revolution, they come to $8.1 trillion. Yes, the total price of the list below is less than the total cost of this year’s bank bailout.

Here are the wars and initiatives we are talking about, shown in order of cost the most expensive on top and the least expensive on bottom:

1. The Second World War
2. The total budget of NASA
3. The Vietnam War
4. The Iraq War
5. The New Deal
6. The Korean War
7. The First World War
8. The Savings and Loan Crisis
9. Afghanistan/GWT
10. The Marshall Plan
11. The Gulf War
12. The US Civil War
13. The American Revolution
14. The War of 1812
15. The Louisiana Purchase

Yes that’s accurate, you combine together the cumulative price of all those things on the above list and the total is still less than the total dollars the US has just spent on this year’s bailout! Check out this report for yourself to get more info on the real cost of the recession.

Investing your Wealth Offshore: Things to consider

If this doesn’t give you any confidence what so ever about your investments in US dollars, that wasn’t the purpose intended to. It doesn’t take a genius to see that this situation is unsustainable. The USA is already pretty much in bankruptcy. Only those who take action now will survive and actually make money

There are dangerous patches ahead, but if you look for a reliable guide, there are great opportunities to profit from the crisis and you can create more wealth than ever before!

This entry was posted on Wednesday, December 31st, 2008 at 5:23 pm and is filed under Other. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.