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alstry (35.41)

A Job LOSS Recovery?

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August 06, 2010 – Comments (10)

Right now there are over 10,000,000 less Americans working than there were just a few years ago......and this doesn't include the millions of independent contractors and small business people who are also not working or not making an income.....

Compound the above with a decline of income for millions more.......and the additional 10,000,000 receiving unemployment, extra 20,000,000 receiving food stamps, and millions more dependent on social security............

and we confront a problem that America has never faced before.......an economy dependent on its government borrowing trillions each year simply to maintain the existence of an economy while more and more are losing their jobs/income each day.......while those that have jobs are dependent on a rising government deficit to maintain their jobs.....

the central issue is whether an economy can simply be sustained by government printing/borrowing money and handing it out to people independent of collapsing production in that nation?

Last year government and Wall Street are borrowed over 20% of GDP and any recovery has been anemic at best.....and actual contraction in many instances as evidenced by the massive rise in Welfare recipients and poverty.

People used to call Alstry crazy when he forcasted home construction would decline 50%.....it has declined over 80% and still falling..........can you imagine what would happen to our economy if government and Wall Street couldn't borrow anymore?....especially as more and more are becoming dependent on government daily.

10 Comments – Post Your Own

#1) On August 06, 2010 at 12:55 PM, Teacherman1 (58.03) wrote:

That would be "fewer", not "less" Americans working Alstry.

Less refers to a change in a quantity, fewer refers to a change in a number.

Example: Fewer people have jobs, so they have less money to spend. 

I am off for the summer because I am one of those 4M teachers who have not yet been terminated. Are you off too? You seem to have an extrodinary amount of time to post your blogs.

Maybe you are just independently wealthy and don't have to work for a living. If so, good for you. That is an enviable position to be in. 

Have a great day, and a nice weekend coming up. Try to smile a little and spend some time with your kids.

If all the things you post come to pass, they may need to have some good memories stored up for the future. 

Hope your wife enjoyed her summer vacation and still has a job to go back to. 

Sorry if you think I am getting a little too personal, just wanted to let you know that when I do read your blogs ( which isn't very often anymore ), I do pay attention. 

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#2) On August 06, 2010 at 1:28 PM, alstry (35.41) wrote:

I see your focus is on grammer and not substance.....my guess is that is similar to how your read your pension statements as well......

less, fewer, not as many, smaller number, lower amount......

the end is the same........and the future is just beginning.........

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#3) On August 06, 2010 at 1:57 PM, tomatoflu (< 20) wrote:

Isn't it all one to the poor flies how that are killed? By a kick of the hooves of horned devils, or by a stroke of the beautiful wings of divine angels?

I think the tendency to nit-pick tiny little things something belonging to the types who have not formulated anything of their own, ever, and consider it a part of their learning process to detroy the ideas of others....again...without having added anything of value of their own. 

 

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#4) On August 06, 2010 at 1:58 PM, Teacherman1 (58.03) wrote:

I am not yet collecting any pension.

Instead of focusing on all of the states where  profligate habits have finally caught up with them, why not take a look at the Texas Teachers Retirement Fund, and explain to me why I would need to worry about collecting when I do retire.

Luckily, I have been blessed in life, so even if I did not get a pension, I would still manage.

After a while, your "end of the world" tirade gets old.

I probably should have just ignored you, but thought I would let you know that from time to time, I do take a look at what you have to say, just on the off chance there is something new.

Just for the record, that would be "grammar", not "grammer". Since you pass yourself off as a knowledgeable and educated individual, who wants to be taken seriously, you should take the time and make the effort to show yourself to be one. 

Anyone can make typing mistakes and misspell words ( I certainly do), but you should at least try to correct them before you send your "words of wisdom" out into the world.

Have a great day anyway. 

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#5) On August 06, 2010 at 2:23 PM, tomatoflu (< 20) wrote:

And here is my addition....

The flies won't stop dropping, until they can collectively figure out  that they need to take back the power of "sound money" ,as Ron Paul is popular for saying.

The FED and all central banks around the world need to be on a leash for intentionaly, brazenly, committing acts of financial terrorism. Meanwhile, each country needs to legislate a bank owned by the people themselves. Some like the Bank Of North Dakota still exist in the USA. Just one i know.

My own unique Australian perspective and bent found this website the other day which shows that here in Au, we have not yet completely forgoten that we once had a happy time, which is how we got lucky.

We owned our own Bank with a capital "B"

We-Had-Our-Own-Comonwealth-Bank-Owned-By-The-People-For-The-People.

http://peoplesbankparty.org/

King O’Malley, who had been instrumental in the formation of the Commonwealth Bank, wrote the following during the 1939 ‘Save The Commonwealth Bank Campaign,’ when he was over 80 years of age:-

“I trust that good and patriotic Australians will swear by the altar of their gods, the tombs of their ancestors and the cradles of their children, that they will never vote for Parliamentary candidates whose secret mission is to destroy the Commonwealth Bank ... and whose brains, if extracted, dried and placed in the quill of a cocksparrow and blown into the eye of a bee, would not even make him blink.”

 

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#6) On August 06, 2010 at 2:30 PM, tomatoflu (< 20) wrote:

In my "fly" rage, i forgot to link the URL so here it is..The Peoples Bank Party.

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#7) On August 06, 2010 at 2:31 PM, alstry (35.41) wrote:

As you can tell, I type very fast and don't proof much of what I write.....mostly stream of conscious posting....it is simply my choice and I exercise it....for now.

As far as Texas' pension....or any other pension for that matter......all of them are simply a collection of financial instruments that are derivatives of human production and corporate profitablity.....

Right now absent government and Wall Street borrowing and spending a few trillion dollars that doesn't exist.....practically everything in America would be insolvent.....including yours and every other pension in the nation.

At some point in the relatively near future...we will all learn that you simply can't print money and hand it to people....otherwise the entire world would do it......and there would be no poverty.

How this will manifest is anyone's guess....exactly when it will happen is also uncertain....but you know it is getting much closer as the private economy continues to get cut off from credit and despite the unprecedented borrowing....we are not seeing much of any recovery.....and a lot of contraction in a lot of places.

What we are contemplating simply has no historical precedent.....just like the crash in housing construction has no precedent..........

The only thing that does have precedent is any nation for the past few thousand years that tried to simply print money to extract itself from insolvency.....has either been forced to engage in a massive war or else their society suffered massively from hyperinflation where money became essentially worthless.....no matter how much one thought they had accumulated.

I know a few thousand years of history may not be sufficient for you......so I guess we will soon learn if this time is really different....but based on the evidence so far....things seem to be moving right along.

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#8) On August 06, 2010 at 2:44 PM, tomatoflu (< 20) wrote:

And my parting comment....i most certainly consider you one of the most learned fools here.

It is actually pretty basic maths. A lot of the maths is extremely foolish.

Not much to do with spelling.

This is not a spelling bee. 

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#9) On August 06, 2010 at 2:53 PM, alstry (35.41) wrote:

tomato....

the lesson I have learned from this blog is how difficult it is for the average person to accept change.....and the change that is coming is unprecedented......

I still can't fathom how people can even fantasize about a recovery when Wall Street and Washington are borrowing such massive amounts of money.....and we are barely even seeing any effect.....

as a matter of fact, wages are still stagnant and we are still losing over 400,000 jobs per week.

It appears that most Fools don't think they have any responsibility or consequence to their government's compulsive and massive borrowing habits.......but my guess is most homeowners didn't think they would be impacted by their neighbor's massive borrowing behavior either.....

soon we will all realize that the whole system is insolvent.....just like Madoff's clients learned that Madoff was a fraud.....despite the massive checks they were receiving for the thirty years prior....

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#10) On August 06, 2010 at 5:08 PM, Teacherman1 (58.03) wrote:

Come on Alstry, at least post under your own name.

Or maybe it is a coincidence that tomatoflu just happened to "pop-up" and post what is for the most part, meaningless drivel.

Actually, I agree with a lot of what you have to say. It is just that you are so extreme in your comments that they cause you to lose all credibility.

Why don't you just post Ron Paul's comments and ideas directly. Since most know where he stands, it would save a lot of time and effort on your part.

Last post. Have a good one. 

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