The following appeared in the Rock Creek Free Press

Casey Research, of Vermont, has analyzed the costs of the government bailouts of the housing crisis, the credit crisis and others and has concluded that the total is $8.5 trillion, which is more than the cost of all US wars, the Louisiana Purchase, the New Deal, the Marshall Plan and the NASA Space Program combined.

According to CRS, the Congressional Research Service, all major US wars (including such events as the American Revolution, the War of 1812, the Civil War, the Spanish American War, World War I, World War II, Korea, Vietnam, Iraq and Afghanistan, the invasion of Panama, the Kosovo War and numerous other small conflicts), cost a total of $7.5 trillion in inflation-adjusted 2008 dollars.

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5 Comments

  1. “pro-active military” in noncombat regions…

    New National Security Committee head Jones was reported to having been an outspoken proponent of a “pro-active military” in noncombat regions. He has advocated military collaboration with the oil and gas industry and with nongovernmental organizations abroad.” I may be taking him out of Afghanistan context, and maybe not.

    This is about seven paragraphs from the bottom of the free Washington Post version:
    http://www.washingtonpost.com/wp-dyn/content/article/2009/02/07/AR2009020702076.html?nav=hcmodule

    Solari Report is loaded!
    Thanks,
    Brad

  2. Would it seem like their just keeping the money to cancel their own debt. Everyone who they lured into debt get not money to cancel their debt. What’s it all mean? Keeping the net open till they get all the fish?

  3. Bracing stats… whew. I do think, however, that there’s not much a way around paying the folks who hold the world economy hostage. That is, we could go through the catharsis of “no bailout” it seems and have focused bankruptcies and revaluation of assets …and then just get on with life. However that mark-to-market moment doesn’t seem feasible and we thus take the debt approach. The solari solutions are then, at best, a way to reform the next economy and helpless in the current one. Further, history shows that we can survive these as cycles as ever so often we go right back to these crises (1970’s “malaise”, 2001 recession, S&L bailout, DotCom bust) where leverage ratios cause a crack, followed by public assistance. How does a solari economy could take root in this scenario?

  4. (Amendment to the comment I sent earlier)
    In his article Ben Bernanke’s Wild Ride (and outs) on the Lew Rockwell site, Gary North writes, “I begin with a video. It is the most persuasive low-cost, home-brew video that I can remember. If you do nothing else today, watch this video. I wish I had produced it. Conceptually, it is a stroke of genius. It sets forth the current banking crisis admirably. The remainder of my report rests on this video.

    If you watched it, you now know the nature of the problem, as well as its magnitude. ”

    The video is posted on Gary North’s site.

  5. Catherine,
    You are such a brave woman and I am sending my prayers for your protection, in addition to my thanks -as a newbie to these pages, I have learned almost more than I can bear some days, but I have a need to know what is true and you are a truth-teller.
    How blissful would be remaining ignorant of what you report on these pages, for the knowledge within Solari is instead so painful. It would be much easier to opt for the numbing effects of TV and lots of booze to just “make it all go away”, which is why so much of America stays asleep.

    I appreciate your fearlessly chronicling the activities of the most vicious puppetmaster sociopaths and haters, our power elite, because too few are brave enough to do it. What substance runs through their veins? Are they even human? It can’t be human blood- only people with ice cold sludge and a missing heart and soul could justify the ruthless theft of trillions of dollars for their eugenicidal pograms. Fortunately, more and more of the “useless eaters” are waking up- only to know that regardless of what they do to us, the emperor is naked and “they” have become empty caricatures of evil- not the beautiful and shining lights they fancy themselves to be, just ugly cockroaches in the clear light of noon.

    One wonders if these vampires have all their robots and clones ready, because who, pray tell, do they intend to do their laundry and yardwork, and fetch their little Muffie’s from the fencing lesson? Are they so inhuman at this point that they can save themselves, their children or their grandchildren from their own chemical and biological weapon experiments which have gone so awry in well-documented accounts all over the Net? Do they even CARE about their own children, grandchildren, etc?

    I WISH that this was science fiction, but have come up close and personal with the Plum Island “mishap” and have read widely about the charming souvenirs that our Veterans of the last 3 wars have brought home to their lives and their progeny. We should support our Veterans, but THEY can’t even manage to fund their medicine or rehabilitation with the missing TRILLIONS. For shame- but we must conclude that these people(?) have no shame, no conscience and no beating human heart.

    Fortunately, throughout history, we have examples of those who have faced down narcissistic forces of evil. Jesus, Gandhi, and millions of nameless, lesser mortals throughout the millennia have held their ground in the knowledge that real truth and beauty are the absolute opposite of the malovelent fraudulence of our elite and their minions. One million, eight hundred thousand people on the Washington Mall(and not one arrest) symbolized the hope of a country- who deserve much better than the recent picks for the Treasury and the Defense Secretary. It sickens me that it’s still business as usual and your ideas and thoughts inspire another way.

    Hopefully, I can join a Solari Circle or be a subscriber in the near future,
    and again, thank you and
    TRUTH OUT!
    Angela

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