If you read the previous blog, you know that I said that the $700,000,000,000.00 bail out wasn't even going to cause a blip on the screen. The stock market lost just as much after it was approved as before. This is because ignorantly we thought that we were only dealing with a few banks in America that could affect our economy as well as the global domino affect. President Bush even had the audacity to say that it would help the root of the problem.
What "they" didn't want us to know was the fact that banks already have a network that goes beyond national borders. What happens to banks here happens to banks all over the world even before the media reports it. What I didn't know was the fact that the banking systems was already in trouble for $60 TRILLION!!! That is $60,000,000,000,000.00 in trouble for years. That is a lot of zeros and $700,000,000,000.00 wasn't going to scratch the itch of the root problem or the symptoms. Throwing money on a problem never helps a problem...Never.
There is a better way but the world is not listening. Invest directly into Amercian businesses with government loans and grants, work directly with homeowners who are in foreclosure, in trouble or already lost their home and finally regulate, reward and punish banks that do bad things with Americans' money.
We can get our economy back but we have to give Americans hope, help and kill all of the doom and gloom news.
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