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Tab for Government Rescues Rises to $900 Billion

cnbc.com — Where does that 900 billion come from? This is why inflation is called a tax. When a private bank (the Federal Reserve) is given power to control the money supply, bad things happen. As is evident from the 96% decline in the dollar since 1913. Just keep this in mind next time you notice you dollar does not go as far. you are being taxed!

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  • unlawflcombatnt, on 09/18/2008, -0/+1from the article:

    "At least $87 billion in repayments to JPMorgan Chase for providing financing to underpin trades with units of bankrupt investment bank Lehman Brothers. U.S. Treasury Secretary Henry Paulson said over the weekend he was adamant that public funds not be used to rescue the firm."

    This proves once again that Bernanke and Paulson are pathological liars. They were allegedly "adamant" about not using taxpayers' money to bail out Lehman, and yet they did it anyway.

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