Send a Tweet
Most Popular Choices
Share on Facebook Share on Twitter Share on LinkedIn Share on Reddit Tell A Friend Printer Friendly Page Save As Favorite View Favorites
OpEdNews Op Eds

Your Hard-Earned Money is Being Shipped to France, Germany and China

By       Message George Washington       (Page 1 of 1 pages)     Permalink    (# of views)   1 comment

Related Topic(s): ; ; ; ; , Add Tags
Add to My Group(s)

View Ratings | Rate It

opednews.com Headlined to H3 3/9/09

Author 8941
Become a Fan
  (5 fans)
- Advertisement -

Under the guise of "bailing out" AIG, your hard-earned money is actually being shipped by the U.S. government to:

In addition, your money is probably being given directly to sovereign wealth funds (that is, the investment arms of foreign monarchies and tyrannical governments such as Saudi Arabia), since they were some of the biggest counterparties who bought credit default swaps from AIG. See this.

Moreover, the government is in the process of providing billions more - along with trillions more in guarantees of worthless assets - to sovereign wealth funds and hedge funds.

And remember that the U.S. may have already given hundreds of billions to foreign banks. Indeed, foreign banks - including certain Chinese banks - can receive bailout money through the TARP program itself.

- Advertisement -

Your future - and your children's and grandchildren's future - is being shipped overseas.

As I've previously written, this isn't a pro-America anti-everyone-else rant. If I lived in England, or Canada or Japan, I would resent my money going to the fatcats in the U.S.

When I say your "hard-earned money", I'm talking about your current and future taxes. If you don't think the government will raise your taxes, just wait. Moreover, inflation will be a tax on everyone. Finally, shipping dollars overseas means that there will be less to spend on things the government cold otherwise provide - whether it is defense, emergency food and shelter, etc.

 

- Advertisement -

View Ratings | Rate It

opednews.com

George Washington


As a political activist for decades, I have rejoiced in victories for the people and mourned in defeats. I chose the pen name "George Washington" because - as Washington's biographies show - he wasn't a (more...)
 

George Washington Social Media Pages: Facebook page url on login Profile not filled in       Twitter page url on login Profile not filled in       Linkedin page url on login Profile not filled in       Instagram page url on login Profile not filled in

Go To Commenting
The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.
Writers Guidelines
Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
Support OpEdNews

OpEdNews depends upon can't survive without your help.

If you value this article and the work of OpEdNews, please either Donate or Purchase a premium membership.

STAY IN THE KNOW
If you've enjoyed this, sign up for our daily or weekly newsletter to get lots of great progressive content.
Daily Weekly     OpEdNews Newsletter
Name
Email
   (Opens new browser window)
 

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

Top Financial Experts Say World War 3 Is Coming -- Unless We Stop It

Indonesian Health Minister Says Swine Flu Might Have Been Man-Made | Epidemiologists and Virologists Need to Weigh In

Obama Is Considering Doing Something Even Bush Didn't Try: "Preventive Detention" of People Who Will Never Get a Trial

How To Solve the Economic Crisis

The Four Reasons the Mainstream Media Is Worthless

5 Reasons that Corporate Media Coverage is Pro-War