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Protect Your Wealth: The Enormous Price of the 2008 Bailout For The US

Posted by Admin | December 27, 2008 .

Do you know how much the bailout is costing US citizens? Not to mention the offshore prospectors around the world who are being struck by the global economy crisis? I would consider myself well attuned to world news. For many years now I have been getting by as a writer on wealth creation matters. It’s no news to me that the USD is falling. But I just did some calculations today that I just couldn’t believe!

A shocking report on the economy

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 amounts 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 truly understand these numbers, though, this article seeks to put them in context by comparing them next to to other expensive wars and government decisions since the American Revolution. This is where I felt the hairs on my neck stand up.

If we total 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 amount for 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 from top to bottom:

  1. The Second World War
  2. The all-time 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 complete price of all those things on the above list and the total is still less than the amount the government has just spent on this year’s bailout! Read this report for yourself to get more info on the real cost of the bailout.

Protecting your Wealth Offshore: How to react

Rather than disturbing you, I would like you to see this list as a wake up call! The time to move your wealth offshore is now! It’s not only time to build security and wealth in a secure offshore environment for yourself and your loved ones, but also to ensure your privacy, so you don’t get hit hard later.

There are difficult seas ahead, but if you search for a reliable guide, there are great opportunities to profit from the crisis and you can learn wealth creation better than ever before!

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