Dear Daily Reckoning Reader,
Thanks to the AIG bailout this week, even more American tax dollars ended up in a private company’s balance sheet. But as we’ve pointed out many times, the U.S. government is barely solvent itself.
Who will bail America out?
Our advice is, don’t wait to find out. Even if the government’s efforts to ensure the financial system “at all costs” are successful, the last likely victim is the U.S. dollar. Regardless whether you agree with government intervention in the markets or not, the clock is ticking. And your savings are at stake.
Posts
