A Bailout occurs when Governments, legally corrupt or not, ROBBED the People, using TaxPayer's hard-earned blood, sweat and tears money, to rescue those bankrupt corporations that they have a stake in it or secretly benefitted in other unknown ways from it.
During the 2007-2008 crisis, at least 3 to 5 major banks in America, including the now bankrupt and dead Lehman Brothers, and AIG, had to be bailout by the US government because they had become too big to fail and if they are allowed to go bankrupt, the entire USA banking sector will be badly hit affecting the whole US economy.
At that time, America was already at least 10 trillion in debt.
Today, and every year America breaks its own record, is 21 trillion in debt.
in other word, America is a very debt wealth rich country that is BANKRUPT.
Debt, in simple English means, the nation owes someone, but this burden eventually are to be paid for by the taxpayers.
The financial system can be easily manipulated to suit those in power and control, for their own selfish advantage and greed, especially to an uneducated public in financials and money.
Do you know in your country any similar bailouts that were carried out, without your notice?
You, the TaxPayers, are paying for it.
Thank you.
David Lim. Revelations. 7 August 2018.
