Amazing

A must SEE

With 8.5 trillion dollars, you can PAY OFF half of the mortgages in the US!!!

Commercial Paper Funding Facility
Federal Reserve
$1.8 trillion

Temporary Liquidity Guarantee Program
FDIC
$1.4 trillion

Term Auction Facility (TAF)
Federal Reserve
$900 billion

Fannie Mae (NYSE: FNM), Freddie Mac (NYSE: FRE), and Ginnie Mae
U.S. Treasury / Federal Reserve
$800 billion

Treasury Asset Relief Program (TARP)
U.S. Treasury
$700 billion

Total USD International Currency Swap Lines
Federal Reserve
$688 billion

Money Market Investor Funding Facility
Federal Reserve
$540 billion

Other Loans: Primary Dealer Credit, etc.
Federal Reserve
$288.7 billion

Citigroup (NYSE: C) Guarantee
U.S. Treasury / FDIC
$306 billion

Hope for Homeowners Act of 2008
U.S. Treasury
$304 billion

Term Securities Lending Facility (TSLF)
Federal Reserve
$225 billion

Term Asset-Backed Securities

Loan Facility (TALF)
U.S. Treasury
$200 billion

Economic Stimulus Act of 2008
U.S. Treasury
$168 billion

Paid to JPMorgan Chase (NYSE: JPM)

to Settle Lehman Brothers Debt
Federal Reserve
$138 billion

AIG (NYSE: AIG) Bailout
Federal Reserve
$112.5 billion

Bear Stearns Brokered Sale
Federal Reserve
$26.9 billion

Total: $8,597,100,000,000

Source: fool.com

The US broke a new barrier a few days ago, 30 million people in the US now receive FOODSTAMPS. They get about $100 a month.
Total welfare for the people who need it: 3.6 billion a year
Total welfare for the bankerbuddies: 8600 billion

The ORGY of US consumer spending: Black Friday

"They kept shopping. It's not right. They're savages"
- Kimberly Cribbs, witness to the death of a Wal-Mart worker as a crowd of American consumers bum-rushed a Wal-Mart, November 28, 2008



Well, we won't have that problem next year with jobless rates in double digits!
"Keep the American debt dream alive, shop till you die!"

Why was the US looking for weapons of mass destruction in Iraq?

When the weapons of mass destruction were right in front of their own eyes...

Tucson pics 4 / 4

I will post pics from Thanksgiving in the next few days.

Meanwhile on the planet Mars

They've opened the most expensive, exclusive hotel EVER, the Atlantis (Dubai)




Cheapest room is about $370 a night in June. That's not too baD CONSIDERING THERE WAS NOTHING THERE IN 2000. They had to built the island...

Excellent timing, excellent name

The first four door Porsche, the Panamera!

Tucson Pics 3 / 4

There was a cycling race in Tucson. The police doesn't close down roads, cyclists have to use the right lane :-)

Armstrong didn't participate ... they test on drug (ab)use

Naomi and Lisa went on a 90 minute horse walking trip.

The worst performing REAL 'HARD asset in the world

Rhodium

$10 000 in July 2008, now 4 months later, -91.5% ... $850

Just an example how devastating those last few months were.

and ... the USA goes all in

Bush admin., Federal Reserve pledge $800 billion to loosen credit for consumers, businesses
The latest federal moves raised U.S. commitments to contain the financial crisis to nearly $7 trillion.

At this rate, the government needs a bailout: We can't afford the Citigroup deal(the government's credit is disappearing)

It's all or nothing now.

The "evil look" baby

It doesn't solve anything but it offers some relief (for me personally anyway)

Ah, the good ol' days, when the US only had a $4 trillion national debt...

Obama 2008, the aftermath

Tucson Pics 2 / 4

We went to downtown Tucson and visited the Children's museum.

Look what we made

The entrance to our resort: Hilton El Conquisatador.

Our breakfast, Jamba Juice!

There are still some jobs available

Let's meet Kimberly
ABC News
(first 20-25 seconds = commercial)

Tucson Pics 1 / 4

Now it is clear that Americans are broke and don't want to stimulate the economy we thought it was OUR duty as immigrants to boost the economy. We took a weekend long trip to Tucson, about 2 hours South of Maricopa/Phoenix.

A nice sunrise in Maricopa (+/- 6:30 AM)

An American entrepreneur

We found a nice playground and lake in the city of Tucson.

Who cares about Lehman or Bear Stearns... here comes the real deal, the MOTHER of ALL bailouts... CITIGROUP

Let's see how much of the 700 trillion dollar derivatives pie they have on their books. Me thinks that $700 billion for Citigroup won't do the trick...