Citibank announced $10 billion loss due to loaning deadbeats the money to buy house to give America the feeling that they aren’t merely wage slaves for Wal-Mart. This push for private ownership was crusaded by the then-super popular GW Bush. “Everyone should own a piece of the pie.”
Not anymore, for the USA is bankrupt judging from the phone companies recently cutting the FBI write taps for lack of payment.
The USA is broke and the dollar responded to this by slipping below 33 baht this week.
The new number is 32 and that number is still heading southward thanks to the benign neglect of the government who consider it’s a good idea that foreign countries buy up the banks at a cheap price, however this high-powered finance is unimportant to a pensioner in Udon living off $1000 a month.
41,000 is now 32K
No more 5 Heinekens a day.
Back to Changs.
Oh curse GW Bush for making us thirsty for beer.
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