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alstry (34.93)

3000 of HISTORY backs Alstrynomics

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August 17, 2010 – Comments (12)

Since Moses' time.....any  Empire nation that has debased its currency and compelled other nations to accept it has been forced to go to war to defend its currency.......

otherwise, why would any nation accept the currency of a nation that is simply printing currency without production, as that same nation cuts off credit to its private productive economy......?

and if simply printing money you didn't have and gave it to your poor and retired was acceptable behavior....every country in the world would be doing it and there would be no poverty......

We have the BIGGEST guns in the world........we are most prepared and best equipped to fight a convential war....but in a nation where a college kid, a father and son with a single rifle and an old car, or an angry citizen can kill dozens almost at will.......

how vulnerable are we to a motivated, well financed, trained and equipped enemy?

YOU SIMPLY CAN'T PLAN FOR 2011 WHEN MAKING IS PAST 2010 WILL BE A CHALLENGE...

and the crazy part is any plan for 2011 assumes that the government will be able to keep printing more and more money as the private economy continues to shut down.....

at some point, as the private economy continues to slow, and more and more cops and firemen lose their jobs, a decision will have to be made.......now the question is which one and when?

 

12 Comments – Post Your Own

#1) On August 17, 2010 at 3:36 PM, miteycasey (30.40) wrote:

The easy anyser is the interest rates paid are tied to inflation so no matter how much money is printed the repayment increases at the same rate.

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#2) On August 17, 2010 at 4:09 PM, alstry (34.93) wrote:

Not any more......

just like the money social security pays out doesn't really exist....it is a book keeping entry......

let's say I am holding a bland piece of paper and a loaded 45, FWIW I am a pretty decent shot, and pointing that gun to your head.....

and I ask you, what will you give me for the blank piece of paper.....and for the sake of argument, you are holding a pound of gold......

looks like my blank piece of paper is worth a pound of gold at this moment.......doesn't it?

Consider this your first practical lesson in the practical side of Economics, otherwise known as Alstrynomics, versus that nonsens we learned in school.

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#3) On August 17, 2010 at 4:40 PM, TMFCrocoStimpy (95.62) wrote:

looks like my blank piece of paper is worth a pound of gold at this moment.......doesn't it?

Of course if everybody else will now accept that blank piece of paper as being exchangable for the value of a pound of gold because you are holding the gun to everybodies heads, I still haven't lost anything.  It is only when the other folks stop respecting the authorita of the gun that the people left holding the paper get hosed.

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#4) On August 17, 2010 at 5:06 PM, StKitt (29.72) wrote:

Can't understand your message at all, it's so vague and cryptic.

What exactly are you predicting here? Which "Empire nation" is going to have to go to war to defend its currency? The U.S.? With whom? Where? When? Don't be shy.

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#5) On August 17, 2010 at 5:24 PM, alstry (34.93) wrote:

TMF....you would have lost if you were the person holding the pound of gold...... 

Does it matter whether it is a pound of gold, a hand of bananas, or a shipload of oil?

Does it matter whether it is a blank piece of paper, a piece of paper with a president's picture printed on it, or a few worthless pieces of outdated miliatary equipment?

Now how long do you think people will continue to accept the paper of a nation cutting off credit to its private productive economy without us holding a gun to their heads or they fighting back?

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#6) On August 17, 2010 at 6:27 PM, 100ozRound (29.38) wrote:

Looks like the only thing of real value in your little story is the gun!

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#7) On August 17, 2010 at 6:33 PM, alstry (34.93) wrote:

That is always the value of last resort when the law of money is broken.......human production.

In this case, the capacity for one human to spare another human's life in exchange for anything the human in control desires.......

and some sheep think that they can project out to 2011 while our economy is crashing DESPITE Washington and Wall Street borrowing trillions per year now.....

Some stores finding deep discounts aren't enough

 

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#8) On August 17, 2010 at 6:46 PM, guiron (20.23) wrote:

So, how are your forecast models doing? Are you ahead of where you thought you'd be? What predictions have you made that are correct versus incorrect? Surely, if we are told whom to trust by you, you should be trustworthy, yourself. So, what's your record, or are you keeping track?

Or is this just a bunch of nonsense?

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#9) On August 17, 2010 at 6:54 PM, alstry (34.93) wrote:

Actually, if you factor the additional debt Wall Street and Washington has taken on relative to where we are with massive bankruptcies, housing sales collapsing again, store shut downs increasing, and unemployment/underemployment picking up.... we are moving right about on track.....

what I failed to anticipate was how most of American population would fail to grasp that they were personally liable for the debt being accumulated......and how everyone thought we could borrow ourselves out of this mess just like homeowners thought homeequity loans would solve all there problems....

it will be interesting when all those people fantasizing about 2011 or retirement learn that they owe more money then they will ever hope to accumulate in their lifetimes.....

just like housing crashed....now cities, counties, states, schools, healthcare, and hospitals go down as revenues evaporate to a bankrupted system....

Things have gotten so bad that Walmart's sales are falling on a same store basis, much of it food, even though they are raising prices.....

http://www.dailyfinance.com/story/walmart-raises-prices/19587730/?icid=sphere_copyright

at some point......we have to force the people to produce.....either as slaves or war.....both are effective when money ceases to function.....and right now fewer and fewer people have enough money for their monthly needs.....and we are cutting back on food stamps?

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#10) On August 17, 2010 at 7:18 PM, smartmuffin (< 20) wrote:

We're not *really* cutting back on food stamps.  It's an accounting ploy that someone in the private sector would be sent to jail for.

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#11) On August 17, 2010 at 7:50 PM, guiron (20.23) wrote:

what I failed to anticipate

What you fail to acknowledge is all the times in the past when you've made dire predictions that have not borne out. Any competent analyst will examine their errors and lay them out for all to see. All you ever do is pretend like you never made the prediction in the first place or move the goalposts.

When do you admit your models were wrong? Or is the first rule of alstrynomics that alstry is never wrong, even when he is?

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#12) On August 19, 2010 at 1:04 PM, StKitt (29.72) wrote:

Since your ignored my questions above (#4), I'll move on to your latest shrieker:

"at some point......we have to force the people to produce.....either as slaves or war.....both are effective when money ceases to function....."

How exactly do you see the reinstitution of slavery happening in America? Who would you choose to enslave? With whom do you suggest America go to war? How "effective," as you say, will these policy decisions be? Please show your work... otherwise, some of us might conclude you really haven't thought any of this through.

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