Posted by: bozzo Date: Thursday, October 09, 2008 4:43:25 PM
In reply to: None Post # of 2624
Still doubt we are in hyperinflation? This is just the beginning. "They" are going to make every penny we have worthless. Think your home is safe because you have paid your mortgage? Think again. During the worst of hyperinflation the state and local governments will need to raise taxes. Taxes will be raised so much that you won't be able to pay them. What happens when you can't pay taxes on your home? "They" take it. Just some thoughts of a worse case scenario...bozzo
Term Auction Facility - Federal Reserve - $900 billion
Emergency Economic Stabilization Act of 2008 - U.S. Treasury - $700 billion
Total USD international currency swaps - Federal Reserve - $620 billion
Other loans: Primary Dealer Credit, etc. - Federal Reserve - $409.5 billion
Hope for Homeowners Act of 2008 - U.S. Treasury - $304 billion
Fannie Mae (NYSE: FNM)& Freddie Mac (NYSE: FRE) - U.S. Treasury - $200 billion
Term Securities Lending Facility - Federal Reserve - $200 billion
Economic Stimulus Act of 2008 - U.S. Treasury - $168 billion
Paid to JPMorgan Chase to settle Lehman debt - Federal Reserve - $138 billion
AIG (NYSE: AIG) Bailout - Federal Reserve - $122.8 billion
Commercial Paper Funding Facility - Federal Reserve - $100 billion*
Bear Stearns Brokered Sale - Federal Reserve - $29 billion
Drum roll, please...
Total: $3,891,300,000,000
