US Taxpayers Should Not Bail Out Greece!

The Obama administration has already bailed out everything within its sight in the United States, now we are looking at footing the bill for foreign nations. First we bailed out the insurance industry, the auto industry, the housing industry, the banking industry, along with other struggling sectors of our economy, now we are turning our sights on bailing out Greece.

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This is wrong and the American people should not be asked to foot the bill for this bailout.



An interesting point, Greece is under a Socialist President and Prime Minister.


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The past several months have seen the price of gold slump even as the Fed and other central banks have accelerated their massive expansion of paper money. Gold is off about 20% so far this year with silver down almost 30%. The old adage--“don’t fight the Fed”--particularly comes to mind now because the US equity markets have been setting new highs during this same period. All of these gains are nominal, you understand, but for terrified American policy makers and investors, nominal is just fine.

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