Taxpayers will lose on this one

Don't you just love government bailouts and government owned enterprises? Now the government (I mean, taxpayers) owns 56% of GMAC, which has been bailed out a few times and will post a massive loss this year. With the billions being lost on waging war around the globe, the looming health care "reform" that will break the bank, and the continued decline in the housing and other markets, is there any doubt in you mind that this thing (the U.S.A.) is headed for a massive meltdown?

Time to own physical gold and stock your closets with supplies. The situation looks more and more perilous every day.