When you have to slave like a dog to make money....and bankers can print it out of thin air......you have become a slave to bankers. [more]
Government (WE THE PEOPLE) can't hand trillions to Wall Street and cut off Main Street for very long without a revolt.
It is amazing how those that were bailed out by WE THE PEOPLE can sit back and watch their fellow citizens suffer.
Occupy LA and Philly Evictions: Police Storm Encampment, Arrest 250 [more]
The day every Financial Institution in the world essentially goes bankrupt.
S.&P. Cuts Ratings on Big Banks
How dare the old people can think they can have the privilege of retirement when their country is bankrupt..... [more]
The generation that preceeded you was the most fiscally sociopathic generation in human history. Between 1980 and 2009, it borrowed 10X more money than ALL previous generations combined.
It was this MASSIVE borrowing that generated the cash flow to create jobs, pay themselves wonderful salares and accumulate very large retirement accounts....
In 2008, after the bankers stopped lending to them, America went bankrupt. Instead of acting responsibly and bankrupting themselves....they started running up MASSIVE government deficits and borrowed from YOU....the future generations of America as they knew they could never pay it back.
Their perception of their prosperity was TOO BIG TO FAIL....regardless of the cost on future generations and fellow citizens. To add insult to injury, they are forcing the students to borrow tens of thousands of dollars to pay their salaries as professors and administrators on degrees few will ever get to use....and they won't even let you discharge the debt in bankurptcy.
YouR parents and grandparents have made you economic slaves in a bankrupt system.....and many don't even know it. DON'T PUT UP WITH IT. Keep up the good work and restore economic morality to our nation.....and the world. [more]
The essence of Capitalism is PRIVATE risk and PRIVATE reward. [more]
When a government borrows money, it is borrowing against the future production of the nation. When the government borrows more money than the current generation can pay back, it is borrowing against the children's future production.
In 1980, the TOTAL accumulated government debt in America was about $1 Trillion dollars. Today, government is borrowing OVER $1 Trillion dollars per year to support the spending of the adults in our nation....total debt outstanding just crossed $15 Trillion.
What should the children think when they are broke and can't find jobs and we are borrowing their money to enjoy our lifestyles? [more]
THE LOGIC OF BAIL OUT WALL STREET AND NOT MAIN STREET
Is no different than the logic of WE THE PEOPLE(society/government):
Bail Out Men and Not Women
Bail Out Whites and Not Blacks
Bail Out Public Company Employees and Not Private Company Employees
Bail Out Adults and Not Students
Bail Out The Rich and Not The Poor
Bail Out Lenders and Not Borrowers
When most Americans are grounded in Main Street...such behavior by WE THE PEOPLE(government) is offensive the the very principles that made our nation great.
It essentially reestablishes Government Sponsored economic slavery but applies it to a different class of people....the majority of the American Population. [more]
The primary reason most adults have jobs today is because government is borrowing trillions of dollars of the Youth's money to pay adults. The same can be said for most Pension/Social Security payments.
The Federal Deficit alone approaches $1.5 Trillion. Borrowing at the Federal Level is WE THE PEOPLE's money. Since this generation can NEVER pay this money back, we are effectively stealing the children's futu...re production to pay ourselves today.
Borrowing $1.5 Trillion annually is enough to pay 50,000,000 people $30K per year. The spending of this money generates hundreds of billions of tax receipts and additional spending/jobs.
Borrowing WE THE PEOPLE's money has become the revenue driver for most of the adult jobs today. The irony: we are not employing very many kids from the money we are borrowing from them. [more]
A SPECIAL UDDER WORLD THANKS TO THE CHILDREN
In our current industrial economic system, predatory lending are loans that one knows or should know can't be paid back. The origin of the laws prohibiting such behavior rest in fraud, counterfeiting and theft. When nations borrow money they know the current generation can't pay back, they are essentially stealing the kids money by robbing their future production.
The elderly should thank the kids for their retirement/medicaid payments and the value of their investment accounts being butressed by borrowing the children's money that the elderly can never pay back.
The parents should thank the kids for their jobs/paychecks and retirement accounts being supported by the spending generated though borrowing the kid's money that the parents cannot pay back.
The bankers/Wall Street Execs should thank the kids for their solvency and BIG bonuses generated by borrowing the kid's money that the bankers will not pay back.
The politicians should thank the kids for salaries being paid by borrowing the kid's money that the politicians are unable to pay back.
In the end, the only people really not benefitting from borrowing the kids money are those NOT being bailed out and the kids themselves.
And children, if you protest this behavior, you will be pepper sprayed.
Please, on this Thanksgiving Day, forgive them for they know not what they do.
One in 5 US children poor, Census says [more]
You CAN'T morally have PRIVATE property with PUBLIC bailouts and massive public borrowing. [more]
You are starting out in a nation with $50 TRILLION of debt..... [more]
Between 1980 and 2010, one generation borrowed 10X more money than ALL previous generations combined. WE ALL benefited from the borrowing with larger homes, better cars, higher salaries, bigger investment accounts, savings accounts, and retirement accounts.
In 2008 the excessive borrowing bankrupted America. In 2009, instead of bankrupting ourselves, ...we started borrowing trillions from our children leaving them little opportunity for success in a bankrupt system.
We justified this behavior by saying our generation was "too big to fail"....we had our retirements to look forward to, businesses to run, mortgages to pay.....not giving a damn about the cost to the next generation.
To add insult to injury, those that benefitted the most are now trying to figure out how they can hoard their accumulated wealh by borrowing even more and blaming the youth for getting angry at this nonsense. [more]
When the Old People started working in 1980, the total public and private debt in America was about $5 Trillion dollars. In just 30 years, the Old People mushroomed that debt 10X to over $50 Trillion dollars. The Old People had a lot of fun spending the money they borrowed. Everything seemed like it was booming and growing for 30 years. Ironically, about the same time frame Madoff operated his Ponzi Scheme. [more]
When you are not marking assets to market, you are essentially lying. If Madoff could lie for 30 years and over $50 Billion....what gives you confidence your financial institution is telling the truth? The SEC? Your CONgresspeople? Bernanke? [more]
Make the current financial paradigm obsolete......as we prepare for Zombulation Day. [more]
The day EVERY financial institution in the world goes bankrupt....... [more]
Don't Fear....Prepare [more]
CAPITALISM CAN'T HAVE PRIVATE WEALTH WITH MASSIVE PUBLIC BAILOUTS
Risk must attach to reward. If not, people start behaving immorally without consequence. It is like having Christianity without Hell.
When WE THE PEOPLE borrow the money, WE THE PEOPLE owe it back....therefore EVERYBODY should get the proceeds equitably, and not just a privileged few.
Otherwise the rich should now payback the national debt that they benefitted from...and in doing so, all of the rich will become poor. [more]
Delveraging And Advancing Technology could eliminate over 100,000,000 million jobs....or over two thirds of the American workforce. [more]
This is what Warren Buffett admits: [more]
Why all current theories of Economics and Money, originally based on human production, will soon be obsolete. [more]
ADVANCING FROM HUMAN PRODUCTION TO TECHNOLOGICAL PRODUCTION...
Digital Production gives humanity the potential for UNLIMITED supply for the first time in history with essentially no resource consumption. Easy examples of this are eMail and digital delivery of music, books, movies, and newspapers.
THE PROBLEM: the advancement eliminates tens of millions of human jobs in a system based on human jobs to function. IT IS WHAT DRIVES THE VALUE OF RETIREES/BANKERS/POLITICANS FINANCIAL ASSETS [more]
Zombulation is spreading to every nation.....as the financial system collapses right before our eyes. [more]
Do you have faith in the credit of a nation that borrows 2X its income tax receipts...YEAR AFTER YEAR?
Do you have faith in a nation that bails out one class of citizens and not another with TAXPAYER money?
Do you have faith in the politicians of America?
Do you have faith in the financial institutions of America?
Do you have faith in the credit of a financial system that doesn't mark assets to market? [more]
From the Blogger who successfully forecasted the dot.com bust......the housing crisis....and the banking crisis......years in advance and documented right here on Motley Fool [more]
Only 9% of Americans trust government.... [more]
....if we told them that Social Security and their pensions were bankrupt?
Do you think they would protest too? [more]
More and More Are Quitting Being Professional Money Managers Like Alstry And SEEING THE LIGHT: [more]
It is the recipients of a $23 TRILLION dollar TAXPAYER handout complaining about those that DID NOT get bailed out. (mainly retired people, holders of financial assets, Wall Street, and Politicians)
Does anyone think that there would be an Occupy Movement if the occupiers got a similar bailout as those complaining about them? [more]
In real time, Watson can crunch every piece of data in every market in the world.....it can determine every investment postion....it knows what is being bought and what is being sold....INSTANTLY.....how many options are long and how many are short......what causes max pain and what doesn't........it has essentially unlimited money behind it to make markets go up and down in whatever direction it chooses....... [more]
...as Digital Banking and Digital Money replaces traditional brick and mortar business models. The same will happen to Insurance as well. It will be very similar to how NetFlix destroyed the brick and mortar movie rental business. Add in IBM's Watson.....and we will enter into a whole new world of functioning. [more]
Does anyone really want to talk about "investing" in a Zombulated World? Is that what you think it is when you bail out Wall Street with TRILLIONS OF PUBLIC MONEY and NOT THE PUBLIC? [more]
Simply what happens when you bankrupt WE THE PEOPLE to bail out Wall Street. [more]
But millions of bankrupt citizens go broke and lose their homes? [more]
We keep borrowing our childrens' money so we can maintain our perception of wealth.....and don't give a damn that there really is very little opportunity for the children in this system. [more]
Your guess is as good as mine as America is divided between the TAXPAYER BAILED OUT Wall Street Class and the NOT BAILED OUT SUFFERING Main Street Economic Slaves...... [more]
Welcome to the Udder World.......do you Fools really think you are investing right now? [more]
Much more than most think....IBM's Watson talking/thinking supercomputer will be the most convulsive technology to human functioning since the tractor replaced the horse and plow. [more]
THERE WOULDN'T BE AN OCCUPY MOVEMENT IF MAIN STREET WAS BAILED OUT
Wall Street was bailed out with $23 Trillion dollars. Warren Buffett benefitted to the tune of $50 Billion personally. Those in the top 1% got over $5 million dollars for every man, woman and child.
How much did those protesting get?Police Raid Occupy Oakland Camp [more]
It is rapidly becoming an Udder World as technology replaces most tradional jobs [more]
Does anyone think the Gardner Bros are better investment advisors than IBM Watson? [more]
Good-bye to millions of health care workers....we are about to set them free. [more]
The World is Financially Bankrupt under the current economic model...we can't keep bailing out financial assets and NOT the underlying cashflow much longer. The Predatory lending model is collapsing globally right before our eyes as a new system is emerging. Getting from here to there will be change.....but in order for a rubber band to funciton, it must be stretched. [more]
Advancing Technology and Deleveraging is bankrupting Industrial Economies...aka Zombulation.
Jackson Health System - Announces 2 Week Furlough for 11,000 Workers
IS THERE NO SHAME? « The Burning Platform “Never be afraid to raise your voice for honesty and truth and compassion against injustice and lying and greed. If people all over the world…would do this, it would change the earth. ” ― William Faulkner
What will people do? How will they survive? What will an investment be? This should be the focus as we head into the Udder World....and not staring at the ticker. [more]
Starting in 2005, Alstry started warning about the upcoming housing crisis. For two years he blogged and blogged and blogged...providing data after data after data.......and he was ridiculed the entire time and told how wrong he was....once by a Federal Reserve Economist at dinner. [more]
You read about Alstry discuss predatory lending often...what I am finding out is most don't even know what it is or why it is important to understand as an investor. [more]
Before you can understand the concept of "retirement", you must understand money, financial assets, and a system that functions based on financial assets being money. [more]
Who gets to consume food and water in such an environment? [more]
This is what happens when you bail out Wall Street and the Old Geasers that invested in a corrupt system and NOT Main Street. [more]
We handed OVER $1,000,000 of WE THE PEOPLE's money to those on Wall Street with material investment accounts and holdings of financial assets. [more]
By 9.09, when WE THE PEOPLE bailed out Wall Street.......it should've been clear that Wall Street should be owned by WE THE PEOPLE. [more]
Remember when so many Fools ridiculed Alstry saying Occupy movement wouldn't go anywhere....when in fact is just beginning as the world adopts Alstrynomics. [more]
Money would have no purpose. [more]
Warren Buffett admitted it in an op ed piece in the NY Times: [more]
LIFE IN THE UDDER WORLD AS THE INDUSTRIAL AGE GOES BANKRUPT
It will resemble the current American college experience, except it will be free for a basic and sustainable life. Never before has this been possible. Now humanity can SUSTAINABLY deliver unlimited supply of an increasing amount of goods and services GLOBALLY as the world goes DIGITAL.
Food, Clothing, Shelter, Education, Public Spaces, Companionship, Basic Health Care will all be provided....for FREE. Much will be delivered digitally with little or no human assitance. NetFlix, eMail, and Khanacademy.org are good examples.
However, people will be incentivized to produce. They will be rewarded with additional digital credits beyond the basics. Under this model, ANYONE will be able to contribute and have access to education. It will allow the best qualified to achieve their potential. The best part, in a Cloud Based World, knowledge will flourish, spread and advance at rates humanity has never seen before. [more]
Digital Delivery of Movies/Music is eliminating CDs/DVDs and billions of plastic cases plus packaging. Advancing technology is destroying the need for plastic consumption...heck, look how small electroninc components are today vs. just a decade ago. [more]
Things can often move in cycles over decades, or even centuries....up until there is a paradigm change like the automobile replacing the horse. When the functional human lifespan is only 50 years, adjusting to paradigm changes can be hard to see coming. [more]
This is how Udder World thinks life will resemble in a technologically driven society. Humanity will be provided shelter, food, and clothing. Education will be free and offer the person unlimited portals to all areas knowledge.
Access to the internet will be open and money will be digital. Very much like how many college students live today(except the free part).
There will be need and incentive for some to work. Those that do will be credited for their labor and efforts above and beyond the basics.
But in the mean time, bailing out bankers/Wall Street and letting the majority of the citizens suffer is not sustainable.www.udderworld.com [more]
Our current economic system depends on jobs. [more]
WHEN MONEY IS NECESSARY FOR LIFE
In current Industrial economies, the majority of the world's population gets food, water, and shelter with money... without money people die
(air is still free because there is unlimited supply and it requires no human input for distribution)
WHO GETS LIFE WHEN GOVT/BANKERS CAN PRINT MONEY OUT OF THIN AIR?
politicians, bankers, students, soldiers, police officers, teachers, mothers, fathers, children
With 7 Billion People & The World Bankrupt
DIGITAL CHANGES EVERYTHING
Zombulation To Innovation
Due incredible efficiency, technology is replacing tens of millions of jobs and bankrupting traditional industrial functioning globally.
For the first time in history, technology can sustainably deliver an unlimited supply of digital products anywhere in the world. [more]