"The 130 bank failures are the most in a year since 1992 at the height of the savings-and-loan crisis. They have cost the federal deposit insurance fund more than $28 billion so far this year."(Huffington Post). Even the FDIC fund used to cover these 130 failed banks this year has been running short of money.
So while banks are getting trillions in bailout money, banks are going down in near record numbers? Lets dig deeper.
The graph above shows the military economy going straight up through the roof at the same time that banks are going down and while the domestic economy tanks into the basement.
There are several obvious things wrong with this picture, however, I want to focus on a hidden economic "mystery" that the MSM will not yet talk about.
The red vertical line shows when "the most expensive public works legislation in US history" was passed.
The green line shows a reasonable time frame, following the passage of that bill into law, until "shovel ready" projects could have begun to receive funding pursuant to that public works spending revolution.
The mystery is that the domestic non-military trend line stays flat while the military trend line keeps climbing.
Following the domestic trend line, it is clear that "the most expensive public works legislation in US history" had no effect on the domestic economy, in fact, the domestic economy soon got worse.
In fact it was just after John McCain said "the economy is fundamentally sound" that the graph shows the domestic economy did a steep dive.
Perhaps he was talking about the military oil complex budget which he considers to be "the economy"? The military oil complex economy was the only one raking in the taxpayer's money hand over fist.
The yellow vertical line on the graph represents the U.S. infrastructure suffering a major bridge collapse after the greatest public works spending in U.S. history should have been fully operational.
This collapse indicates how much that public works money was needed here at home.
Did that money make its way to Baghdad where the largest, most fancy, and most mismanaged embassy in the world was being built? Or Dubai where the largest building and largest airport in the world were being built?
What we know is that the Pentagon admits to having an accounting system that misplaces 25% of its budget (trillions of dollars), the Federal Reserve refuses to disclose where it has sent your / our federal dollars, and I call this the age of Plunder.