Where Is Our Money Going, And Why Does No One Seem To Care?

First, view the below video (from May 5th, 2009) in which Rep Alan Grayson (D-Orlando -- a man who has sufficient problems himself but, in this instance, is dead-spot-on) asks questions of Elizabeth Coleman, whose job title is Inspector General of the Federal Reserve. The job title itself would, I can only assume, proffer the largest clue possible as to the specific job attached:



Yes, that's correct, we really still have no damned idea where billions and billions and billions of our dollars went. We assume they went to good causes, like banks -- where the assumption was that the "stimulus" would result in an uncorking of loans for those who can actually pay, etc. But still, in February of 2011, no one really knows where all this money went. I submit that perhaps we know more about the sex life of the average silverfish than the various resting places of that staggering amount of cash.

And, oh, yes: cash that YOU labored for, taken out of YOUR pockets by way of federal taxes. You were FORCED to give that money to the government so that IT could not have ANY idea where the money really went.

As I said a few years back, the banks that were "too big to fail"? Let them fail. Car manufacturers that were in that same category? Let them fail. Hell, GM fell anyway -- and then wanted MORE of your tax dollars. And got them!

Further, by shuttering many dealerships when the Fed took control of GM and Chrysler, your GOVERNMENT was responsible for the loss of tens of thousands of private sector jobs. I'm sure dealerships closed in your area as they did in mine.

Lord knows the stimulus money has been highly beneficial: the Northern Mariana Islands is applying for federal stimulus money that would go to foreign welfare recipients. The money would pay for food stamps and job training. You stimulus dollars ($823 million) also went to a study by a UCLA research team to teach uncircumcised African men how to wash their genitals after having sex.

Further:

In an unprecedented move, the number of investors fearing a catastrophic stock market crash is rising even with the stock market at 2 ½ year highs.

The unusual dislocation comes from two distinct reasons: a lack of trust in the U.S. financial markets following the so-called Flash Crash last May and the collapse of Lehman Brothers in 2007.

Once again: precious metals.

BZ

P.S.
And let us not forget: Mr Obama wants to spend even MORE of your taxpayer dollars and -- concurrently -- print more money backed only by the sheerest of wafting air currents.