Treasury Secretary Gaithner was laughed off the stage during his June 1st, 2009 trip to China at a prestigeous university similar to Harvard and Yale, as reported in Political Disconnect.

If you think we have turned the corner on bailouts and financial crises, think again. We have just seen the tip of the iceberg, according to insiders. Just consider the latest eerie news on things that are happening or going to happen to your dollar, to your retirement, to your ability to survive in these troubling times:

• Being a former insurance executive I know we haven't even scratched the surface of the insurance imbroglio. Assets are being driven down while liabilities are going sky high. We will never have enough reserves to pay for everything insured. Insurance companies are about to suck this economy back into crisis. They're getting hammered from sinking assets, with almost no way to pay their guaranteed annuities to their customers. This could make AIG look like small potatoes... And we've just talked about life liabilities. What about accident and health? And what about the property and casualty side of things? Just wait. . .
  
  
• Commercial real estate is about to blow. It's financed by $3.1 trillion in debt - and the delinquency rate just doubled to $724 billion. And this is just the tip of the iceberg...
  
  
• Federal Reserve Chairman Ben Bernanke is handing out another $1.5 trillion to banks and other failing companies. Total bailout money now exceeds $13 trillion. Where's the money coming from? The Fed's printing presses, for sure. Inflation, baby, it's coming down hard.
  
  
• And get this... According to the Bank for International Settlements, the value of all derivatives (including toxic credit default swaps) now exceeds 683.7 trillion. If we were to spend 100% of the worlds annual GDP ($56 trillion) on the problem, it would still take 12.2 years to unwind everything.
  
• But America can't consume every other nation's GDP to cover President Obama's improvident, spendthrift decisions. And he continues to take these expensive "dates", first to Chicago and then to New York to see a Broadway show with wife Michelle at about $350,000 a pop when the rest of us are tightening our belts. While in Europe Michelle begged him to take her and the kids to Paris, so our lavish liberal president heeded her wish -- why not, it's just taxpayer money. A "ruler" like that is not a public servant, either he believes he is the first American king or that money falls from the sky.
  
• In reality, Barak Obama is a prodigal president with a mission to create a servile feudal class bound to the land and subject to the will of our owner.

And if that isn't enough to raise the hairs on your back, home foreclosures are unending . . . Unemployment is still rising . . . Banks may need another $500 Billion to stay solvent, according to the International Monetary Fund . . . Corporate earnings are hitting all-time lows . . . And a loan of any kind is still harder to get than a Popsicle in the Sahara . . .

Government can't spend us out of this mess. Senator Judd Gregg of North Carolina said on Fox TV that spending is the real culprit. The answer is not printing new dollars because that ignites hyper-inflation. The answer isn't borrowing more money. China refuses to lend us more money because our credit rating is about to drop from AAA to the high B's.

Timothy Geithner and the Obama administration have adopted a somewhat confrontational stance towards China's economic policies. Geithner, in written comments to the Senate Finance Committee and as reported in the Washington Post stated that the new administration believed Beijing was "manipulating" its currency and that the Obama administration would act "aggressively" using "all the diplomatic avenues" to change China's currency practices.The Washington Post quoted Gaithner as saying The Obama administration would pressure China diplomatically to change this practice, more strongly than the George W. Bush Administration did. Malcolm Moore of the Daily Telegraph said "The United States maintains that China's actions hurt American businesses and contributed to the financial crisis.^"

Geithner met with Chinese Foreign Minister Yang Jiechi shortly after he assumed his role as Secretary of the Treasury. According to the Chinese Ministry of Foreign Affairs, Geithner told Yang that the U.S. attaches great importance to its relations with China and that U.S.-China cooperation was essential in order for the world economy to fully recover.

Treasury secretary Gaithner was laughed off the stage during his June 1st, 2009 trip to China at a prestigous university similar to Harvard or Yale, as reported in Political Disconect

He said to these students, economic wizards themselves, that "Chinese financial assets are very safe," referring to those in America. The flat out laughter was not the response Gaithner expected.

To put this in perspective, today America is worse off than Britain, that socialistic country we all used to talk about. Based on funds borrowed compared to ability to pay it back the Brits are at 50 percent while "the once greatest country on the face of the earth" is at 58 percent, and that isn't good. Is it any wonder the Chinese laugh at us and no one has any solid answers?