$7.4 Trillion Bailout
Submitted by bruce on Mon, 2008-11-24 13:38.
Economy
Bloomberg is reporting that the US Treasury/Federal Reserve has now provided $7.4 Trillion worth of bailout money to ease frozen credit in the market even though Congress only called it a $700 Billion Bailout plan. Basic economics tells us that increasing the money supply decreases the value of the dollar. All of our savings will be eroded even faster due to this increase in the inflation rate.
