By Chuck Butler today:
Last week I told you of the way Freddie Mac was likely to request another $10 Billion, bringing his total taken from taxpayers to over $60 Billion... Well, this week, Fannie Mae, declared that they would be asking an additional $8.4 Billion, brining their total to $84.6 Billion! I am telling you people... I am screaming at the walls so loudly that the paint is beginning to peal!
But... The markets are pounding on the euro? Let me get this straight... The Eurozone announces a $1 Trillion worth package to aid the runaway budget deficits in Greece, Spain, Portugal, Italy, and Ireland, and also the euro gets pounded...
But... The U.S. will have a $1.6 Trillion Budget deficit this year ... Along with the dollar gets purchased? Someone please wake me from this nightmare!
If the euro receive sold for these debts... YES! If the dollar be purchased... NO! If U.S. Treasuries be purchased as conserve harbor trades... DOUBLE NO!