I want everyone to close their eyes. Actually, read this first and then do what I tell you. Close your eyes and imagine it is a beautiful day outside. It is 78 degrees and a gentle breeze blows across your face. The sound of waves crashing on the sand fills your ears. Yes, you live on the beach now. As your head turns, the image of two beautiful women in bikinis takes over. They are your personal servants. Not a bad life right….

Your good friend walks into your den of pleasure and asks to borrow twenty bucks. Sure…why not…it’s only twenty dollars. “Life is good. My wallet is on the counter. Grab a twenty and grab a steak to go.”

After a massage and a happy ending, you head over to the counter. You peer into your wallet and a crisp stack of hundreds is now missing. Your whole world crashes in a fit of anger. Thunder and lightning pierce through the sky line. The breeze across your face becomes a torrent of hot air and fills your nostrils with the acrid smell of sewage. The waves crashing now sound like the woman at work that squeals like a pig when she laughs. The two beautiful caretakers who caressed and massaged your body earlier now look like Rosie O’Donnell and Barbara Walters after a night of boozing and doing blow. You are officially pissed and the devil himself is jealous. Now imagine if your friend asks for 700 billion and took 5 trillion.

Heads are going to roll…..

According to Bloomberg TV and an article written by Jeff Poor ,

Conservative House Republicans and economists warn about the toll a $700 billion federal bailout of the financial sector would have on the taxpayers footing the bill. But according to Bloomberg TV analyst Marc Faber, the actual cost could be closer to $5 trillion.

Faber, author of the “Gloom Boom Doom” report, appeared on Bloomberg TV’s Sept. 26 broadcast of “Bloomberg Today” and noted just how small the proposed $700 billion bailout is compared to the overall U.S. credit market.

“So now they try to solve the problem by having this credit bubble actually extended and I think the $700 billion will be like a drop in the bucket because the total credit market in the U.S. is something close to $60 trillion, then you have the CDS market – credit default swap – of around $62 trillion. Then you have the whole derivatives worldwide worth about a notional $1,300 trillion. So the $700 billion is really nothing and the Treasury is just giving out this figure when actually the end figure may be $5 trillion.”

You can read more about the bailout here:

http://www.nydailynews.com/money/2008/11/24/2008-11-24_government_may_be_left_holding_74_trilli.html

http://www.thatinfofix.com/content/view/25/2/

http://www.infowars.net/articles/october2008/151008Bailout_figures.htm