Auto Industry Bailout and Deliberate Degradation of US Dollar

Auto Industry Bailout and Deliberate Degradation of US Dollar

$25 billion this year alone, to the Auto Industry? Not exactly big news compared to $700 Billion but it is being passed through congress. But the effects of passing such a bailout is already snowballing.

For some reason the government sees it of benefit to "tank" the dollar. Everytime the FDIC is allowed to back these loans and bailouts, it ultimately comes from the US Treasury which we the taxpayers are footing the bill for. While we may not receive a new tax bill in the mail, we will see it in inflated prices for everything due to excess of currency in print.

Using the current crisis atmosphere to quickly push through this bailout is reminiscent of the Patriot Act, the most wide-spread threat of civil liberty in US history.

I wouldn't be surprised based on articles from the Council on Foreign Relations and elsewhere if this opportunity isn't used down the road to consolidate currency in some form with either North American countries or even other industrialized nations.

Obviously, their argument would involve fear tactics and an appeal to strengthen currency confidence. In reality this is their plan for consolidating wealth and furthering their plans for a "New World Order". This would result in the dissolving of the sovereignty of the United States and the Constitution. It may not happen right away but maybe next year we should know if the atmosphere is set for it. It is bad but not bad enough, yet.