Alstrydomous....Is Retirement a Fraud???....There is just no money!!!!!
I sometimes see CAPS company analysis that this is a good company because there will be demand for their good or service. Something like, you know the population is aging so they will need health care and this is a perfect product or service.
Soon you will learn that need is irrelevant when there is no money. There are many homeless who can't find a job that need shelter. There are many unemployed hungry that need food. When a society is built upon a foundation of debt layered on top of fraudulent accounting....at some point, reality imposes its ugly head as we all learn collectively there is no money....it was all a fraud.
As long as the bankers allowed us to borrow...we are allowed to spend. Our spending drove profits. Our profits drove taxes. And our taxes eventually drove practically our ENTIRE economy.
Now we can't borrow. We have little profits. Taxes are just too little to sustain our economy any more. Cities don't have money. Counties don't have money. States don't have money....unless they get it from us.
Regardless what you need, when there is no money need doesn't matter. Many people NEED their pensions.
"[USPS] top executives are now saying that the USPS will default on a $5.4 billion payment to prefund future retiree health benefits on September 30, 2009. And its government affairs representative are now telling Congressional staff that the Postal Service may not be able to make payroll in October and will be forced to issue IOUs instead."
There are hard choices to come as the state of California is grappling with an estimated $26 to 30 billion current budget deficit and an unfunded pension liability estimated to be in excess of $400 billion. For Marin County, with only 100,000 households, estimates are their less 5000 current and retired public employees that have an unfunded pension liability against the County in excess of $1 billion.
I could go on and on, city after city, county after county, state after state, company after company.....you think there will be enough money to fund retirement with these deficits? What happens if the market crashes?????????????
The numbers are getting out of control. $400 Billion dollar liability for CalPers??......that is over $10K for every person in the state.....who is kidding who. $23 Trillion Tarp funding....That is $800,000 per person for the top 10% richest in America and everyone of their family members.
Now you are learning. There just simply is not enough money in America to meet obligations, service debt, and eat at the same time.
Alstry and the bankers knew this a while ago. Alstry was simply using the bankers numbers and then created Alstrynomics once it was clear that the whole system was a fraud.
OK...so you got $1, $10 or $50 million in the bank.....so what. If America needs an F-22 to defend you and you are the only one with money....guess who is buying a plane or two for our defense????
That is right, when there is no money, we are all Zombulated....whether we like it or not..because even if you think have money and Obama doesn't......he needs it all...and the money no longer exists....you know how expensive it is when Obama takes a trip on AF1 and the entire crew must be shipped along?
Can anyone show me where there is any money?....and don't pull out that green stuff in your wallet. If you read across the top, it is simply a note. A note is a legal debt instrument. And the entity that owes you on that note doesn't have money either.....unless they print some up and then it is not worth the paper it is printed on....either way, it is not worth much and you are still effectively Zombulated.
For over a year I was hoping one of the CAPS players could show Alstry where there was some money....but no one did....so I kept blogging over and over again....looking and looking...for just one person to simply show me the money.....as it stands now....it looks like we are going to learn real soon what Alstry already knew.....THERE IS NO MONEY.