How much are you paying to bail out Greece? How charitable do you feel? Do you feel sorry for the Europeans to the tune of $39 Billion? That’s how much we’re on the hook for. That’s only $130 from every man, woman, and child in the USA. That’s like my family of 5 giving a charitable donation of $650 so that foreigners can retire at age 53. Wow, I’m getting all kinds of warm fuzzies inside.
Most people don’t know that American taxpayer dollars are ticketed for going overseas to Europe via our “quota” in the IMF. When the IMF agreed to help Greece, you get to pay your fair share. And, by the way, America’s “fair share” is MUCH larger than anyone else’s “fair share.” Some Republicans are trying to introduce a bill to stop American funds from going to a European bailout, but it probably has a very slim chance of passing. You may wonder why we’re financing the rest of the world when our problems here at home are far from over. You might concede that we’ve lost almost the same amount of money by taking over GM. And don’t even get me started on the money pit that is Freddie and Fannie. But we need to draw a line in the sand. No more bailouts! PERIOD! And especially no American money for foreign bailouts!
As if that weren’t bad enough, the Fed restarted its currency-swap tool, just in time to watch the Euro get flushed down the toilet. That’s right, we are now exchanging dollars for Euros. Don’t worry that the Euro is going to go down in value. Don’t worry that we’ll get left holding the bag, because they will swap back at a later date… assuming they actually have dollars in the future to swap back. Where did we get these dollars to swap with anyway? Aren’t we currently running the largest single year fiscal deficit in history? None of it makes sense. Eventually, the entire worldwide currency system is going to come crashing down. Then what?
After the currency system falls apart, I predict we will return to a barter system. That is why I am stockpiling bacon. I anticipate that you will be able to buy anything in this world...for bacon.
ReplyDeleteAnd if it turns out that by some unimaginable chance currency doesn't get toasted and I have to unload my stockpile, that'll be good eatin'.
Mmmm, bacon. I'll trade you my wheat (which I can no longer eat) for your scrumptious bacon... and maybe a wheelbarrow tire if you have one.
ReplyDeleteNo wheat? Celiac disease or something? That's a total bummer. I would die without wheat. But I can't help you with the wheelbarrow tire. I need one too. Mine is pretty well shot.
ReplyDeleteI am definitely gluten intolerant, but not technically celiac since I haven't been officially tested or diagnosed.
ReplyDeleteIt's not so bad when you have an awesome wife who is an excellent cook. Jen made me a delicious chocolate cake last night that turned out super delicious. You'd never know it was gluten-free.