Hond Financial

Do you know how much the bailout is costing US you and I? Not to mention the international prospectors around the world who are being struck by the global banking crisis? I would go so far as to call myself well informed to economic news. For many years now I have been getting by as a writer on wealth protection matters. It’s no news to me that the U.S. Dollar is dropping. But I discovered something today that I just couldn’t believe!

A disturbing report on the economy

The following, and startling, facts are all based on a new report out from the National Bureau of Economic Research:

Simply put, the 2008 ‘Financial Crisis’ bailout has cost the U.S. so far $8.5 trillion. Of course, we hear amounts like this thrown about all the time. These figures push the limit beyond most people’s comprehension… which is how the US government got away with this whole foul play in the first place. To truly take in these figures, though, allow us to put them in context by comparing them next to to other expensive wars and government proclimations since the American Revolution. This is where I felt the hairs on my neck stand up.

If we total it all up in current dollars, the total price of all of the following major US government capital outlays since the American Revolution, they come to $8.1 trillion. Yes, the end amount for the list below is less than the total cost of this year’s economic bailout.

Here are the wars and initiatives we are talking about, shown in order of price from top to bottom:

1. The Second World War
2. The all-time budget of NASA
3. The Vietnam War
4. The Iraq War
5. The New Deal
6. The Korean War
7. The First World War
8. The Savings and Loan Crisis
9. Afghanistan/GWT
10. The Marshall Plan
11. The Gulf War
12. The US Civil War
13. The American Revolution
14. The War of 1812
15. The Louisiana Purchase

Yes that’s accurate, you combine together the final price of everything on the above list and the end result is still less than the total dollars the US has just spent on this year’s bailout! See this report for yourself to get more info on the real cost of the bailout.

Investing your Assets Offshore: Things to consider

Rather than frightening you, I would like you to see this list as a wake up call! The time to move your assets offshore is now! It’s not only time to build security and wealth in a secure offshore environment for your family, but also to ensure your privacy, so you don’t become a target later.

There are dire straits ahead, but if you look for a reliable guide, there are great opportunities to profit from the crisis and you can create more wealth than ever before!

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