September 23, 2008

The Misguided Government Bailout

Craig Smith is the President and CEO of Swiss America Trading Corporation, one of the largest and most respected precious metals/tangible assets firms in the U.S. He is also a writer, having co-authored the book, Black Gold Stranglehold, and was a collaborator on the book, Atomic Iran.

The reaction by the U.S. government to bail out institutions such as Merrill Lynch, AIG, Fannie Mae, and Freddie Mac has supported the fear-mongering by some experts who felt that we were on the verge of economic collapse.

Craig admits that we are headed for a very deep recession if we don't take care of the problems that exist on Wall Street, but that we're nowhere near anything like the economic atmosphere that existed during the time of the Great Depression.

Does all the blame for the collapse of these business institutions reside with Wall Street or does the federal government share in this as well? Does the bailout make good, long-term economic sense or should we be moving slower? Does the federal government really have the monetary reserves for the bailout? How will this affect the budget of the average family?

Listen in as Craig simplifies the current Wall Street to Main Street economic maze on this edition of Crosstalk.

More Information

http://www.swissamerica.com
For a copy of Craig's newletter or to obtain the DVD entitled, Gold 101:

contact: 1-800-289-2646

To order today's program on CD or Cassette for a donation of $6.00

Online: Use the link at the top of this entry

By mail:

Crosstalk
3434 W. Kilbourn Ave.
Milwaukee, WI 53208

By phone: 1-800-729-9829 M-F 8am-5pm Central