Use access key #2 to skip to page content.

alstry (36.32)

A Glimpse Into The Digital Age

Recs

6

June 25, 2010 – Comments (3)

As the bankers continue to cut off credit to the private sector.....and unlimited credit is being extended to the Federal Government and a few select banks.....you can be certain the private sector in America....and much of the world will shut down.

Italians strike over austerity plan...

As production collapses and debt defaults, governments will be forced to take over control of production to maintain the functionality of their people they oversee. 

People will get paid with digital vouchers for food, clothing and housing very much like our current food stamp system.  School/College/University will likely be voucher based too and delivered on line.

Many cities, counties and states will collapse and/or combine into much larger more efficient entities.

Current currency and gold/silver will likely be banned and melted into a single worldwide digital currency while most capital structures of current corporations will melt into government sponsored ownership.

The above is simply the most likely result of a digital system where credit is being cut off to the private sector and unlimited credit is being extended to the Central Government and central bankers.

Welcome to the Digital Age...enjoy the ticker while it lasts......the horse was a fun way to travel once.....and some say farming your own food was the only way to live........now we can bomb and kill people thousdands of miles away from Oklahoma just by playing a video game.....we can read xrays in India for a patient in Indiana......and over 2/3 of the American population is now dependent on a check from government and the other 1/3 is dependent on the 2/3 spending.

It is all government now Fools....and that is what you wanted because none of you spoke up when we only bailed out the Federal Government/select bankers and not the private citizens or businesses.

 

3 Comments – Post Your Own

#1) On June 25, 2010 at 4:59 PM, chk999 (99.97) wrote:

Railcar shipments in the US are up.

Report this comment
#2) On June 25, 2010 at 5:01 PM, alstry (36.32) wrote:

So are checks to unemployed, welfare, food stamps, social security, medicare, medicaid, Federal employees......

WHILE TAX RECEIPTS ARECOLLAPSING......

When you let government spend as much as it wants without earning it through your production....pretty soon it owns your production whether you like it or not.

Report this comment
#3) On June 25, 2010 at 5:06 PM, alstry (36.32) wrote:

AND NOW THAT WE ARE CUTTING OFF STATE/LOCAL GOVERNMENT, HEALTHCARE, AND EDUCATION.......PRODUCTION WILL COLLAPSE AND PRICES WILL SKYROCKET.....

Remember, most things in America are still shipped by truck....

The American Trucking Associations’ advance seasonally adjusted (SA) For-Hire Truck Tonnage Index decreased 0.6 percent in May, which was the first month-to-month drop since February of this year.

Report this comment

Featured Broker Partners


Advertisement