Featured Stories World News Commentary Money Watch Multimedia Prison Planet U.S. News Science And Technology

The Latest US Taxpayer Bill To Save Europe, And Specifically The French Banks: $57 Billion

  • Print The Alex Jones Channel Alex Jones Show podcast Prison Planet TV Infowars.com Twitter Alex Jones' Facebook Infowars store

Tyler Durden
Zero Hedge
May 10, 2010

The latest (and certainly not last) IMF portion of the European bail out is E220 billion, or $287 billion at today’s exchange rate.

As the US and its taxpayers represent roughly 20% of total IMF funding, today’s 3% loss in dollar purchasing power to the middle class will cost the middle class $57 billion.

Paying for the privilege of being able to purchase less sure sounds like a squid-pro-quo type of deal for us here.

Politicians everywhere applaud this most recent rape of America’s working class, even as communism is now the global ideology.

Who needs TheOnion.com when reality is now 10 times more surreal. And the direct recipients of taxpayer generosity: SocGen, AXA, Dexia, CA and all other French and German banks, which right now are all up ~20%.

The Latest US Taxpayer Bill To Save Europe, And Specifically The French Banks: $57 Billion 140410banner4

This article was posted: Monday, May 10, 2010 at 5:31 am





Infowars.com Videos:

Comment on this article

Comments are closed.

Watch the News

FEATURED VIDEOS
Keith Olbermann Trash Talks Drudge, Infowars In Bizarre Twitter Rant See the rest on the Alex Jones YouTube channel.

Open Borders Advocate Plays Race Card See the rest on the Alex Jones YouTube channel.

© 2013 PrisonPlanet.com is a Free Speech Systems, LLC company. All rights reserved. Digital Millennium Copyright Act Notice.