On Thursday morning, September 18, 2008 a tragedy almost befell the 450 billionaires and 3,000,000 millionaires that live in the United States.  

The billionaires were on their way to becoming millionaires and the millionaires were about to leave the club.

Luckily, Hank Paulson, U.S. Treasury Secretary, felt their pain.  

His $700 million portfolio was probably taking a bit of a haircut too. There are 305 million people living in the United States. The net worth of all the households in the U.S. as of June 30, 2008 was $56 trillion.  

The 450 billionaires have a net worth of approximately $1 trillion and the 3,000,000 millionaires have a net worth of approximately $11 trillion.  

So, 0.1% of the population currently owns 21% of the net worth in this country.  

Many of these billionaires and millionaires have accumulated their wealth by managing other people’s money. The customers never have the yachts. The money managers have the yachts.  

The 0.1% ruling elite are deciding the fate of your grandchildren in Washington D.C. this week out of public view. The ruling elite have the most to lose. Whose best interest do you think they are looking out for? 

As I’ve watched the various business networks over the last few weeks, I sense desperation and fear among the commentators, pundits, and "experts." It is a fear based upon self-interest. Their lives depend upon the masses keeping their money invested in the market.  

They have overwhelmingly been in favor of the bailout bill. I wonder why Jim "Mad Money" Cramer, who has a net worth of $100 million, is in favor of the bill? Larry "Free market capitalism is the best path to prosperity" Kudlow, a multi-millionaire, is 100% in favor of a socialist bailout of the criminal investment banks.  

They support this "blank check" to a government that is already $9.65 trillion in debt, because they want to maintain their lavish lifestyle, multiple estates, and prominent positions in society.  

US Titanic