Bernanke’s Fed lends $6.9 TRILLION to his friends at Morgan Stanley, Citigroup, Bear Stearns, and Merrill Lynch. [...]
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Beginning April, Citibank reserves the right to require seven (7) days advance notice before permitting a withdrawal from all checking, savings and money market accounts. [...] As we correctly predicted, the U.S. is beginning to call in its markers. If you read the fine print on the U.S. conversion of its Citigroup debt to ordinary shares in the company, you could have predicted it too. [...] Obama’s own publication, THE JOB IMPACT OF THE AMERICAN RECOVERY AND REINVESTMENT PLAN, shows only minimal short term gains for his trillion dollar bailout plan. [...] Citigroup, better known as Citibank, has now been bailed out by our federal government. This action is both gratuitous and illegal. It is not the position of our government to show favoritism. There is a legal mechanism for companies in trouble – we all know what it is – it’s called bankruptcy. Bankruptcy comes [...] |
U.S. college debt, nearly $1 trillion, is larger than housing or credit card debt. US healthcare worst, and most expensive.
Infections kill 100,000 patients in hospitals and other clinics in the U.S. every year. Japan’s health-insurance system covers everybody, including illegal aliens. It pays for physical, mental, dental, and long-term care. Japanese are the world’s most prodigious consumers of medical care; they see the doctor about 15 times per year, three times the U.S. norm. They get twice as many prescriptions per capita and three times as many MRI scans. The average hospital stay is 20 nights—four times the U.S. average. Cost: And yet Japan produces all that high-quality care at bargain-basement prices. The aging nation spends about $3,500 per person on health care each year; America burns through $7,400 per person and still leaves millions without coverage. Canadians live three years longer and are healthier than Americans, and the lack of universal health care in the United States may be a factor, researchers say.
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