My latest blog, American Taxpayers: Meet Your New Friends and Neighbors the Greeks, is available on FredSauerMatrix. To read it click here.
This article addresses the true extent of Europe’s fiscal crisis, and how the American taxpayer, unknowingly through the IMF, is helping bailout failing socialist nations in Europe. Europe is a “house of cards” that will ultimately depend on the American taxpayers. I use real data from the IMF to show that American taxpayers will bear the brunt of paying for these European bailouts as they leap frog from country to country.