WND column

Out of Ammo

Last week, Barack Obama declared that the U.S. was out of money. Today, General Motors is expected to file for bankruptcy, which is an ominous sign in a land where the financial health of the automotive giant has long been considered a proxy for the financial health of the nation. And California looks increasingly likely to go bankrupt in the near future. And yet, in a nation without money, Bloomberg has reported that the Federal Reserve has loaned out 7.8 trillion dollars without telling anyone where it has gone.