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alstry (36.32)

Alstrydomous....Is Retirement a Fraud???....There is just no money!!!!!

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July 21, 2009 – Comments (7)

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."

http://www.myfederalretirement.com/public/456.cfm

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.

http://www.examiner.com/x-9382-Marin-Republican-Examiner~y2009m7d20-California-public-employee-union-retirees--the-new-bourgeois

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.

9.09........

7 Comments – Post Your Own

#1) On July 21, 2009 at 1:43 AM, Seano67 (25.10) wrote:

This is a bad time for the Baby Boomers to be entering their sunset (and escalating healthcare costs) years, that's for sure. It's bad for everyone, because we're all going to have to pay for it for years and years to come. Our childrens children will be footing the bills which the Boomers and subsequent generations have rung up. Not fair, unconscionable really, but what can ya do?

I just shrug my shoulders and shake my head, because this is on all of us, including yours truly. 

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#2) On July 21, 2009 at 2:18 AM, MGDG (34.89) wrote:

Alstry, I think everyone is still in the denial stage.

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#3) On July 21, 2009 at 2:23 AM, awallejr (77.67) wrote:

I think you are going to see alot of "boomers" working part time instead of retiring.

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#4) On July 21, 2009 at 7:13 AM, dickseacup (66.79) wrote:

Federal Reserve Notes are backed by "the full faith and credit of the United States of America," even though they are not owned by the US Government. In turn, "the full faith and credit of the United States Government" is backed by the labor of its citizens.

In effect, fiat money is a proxy for labor. It is easier to give someone a green-dyed scrap of linen than it is to give them fifteen minutes of your labor. Especially if your particular brand of labor is not needed by them.

If you are able to think at tangents, you might arrive at the conclusion that, at some point in the past, the accumulated debt of the FedGov(tm)(c)(r) exceeded the aggregate labor of the citizens. It was at that point that the taxpayer became zombulated, not some date or time yet to arrive, alstry. 

As the FedGov has continued to run deficits, perpetuating the national debt, this means that the labor of unborn taxpayers has been pledged as collateral (full faith and credit) against the borrowing. In effect, our children, and our children's children are born into slavery, bound to labor against a debt they did not ask for, have a say in, or create. We have failed them, as the preceding generations have failed us.

"Money is a new form of slavery, and distinguishable from the old simply by the fact that it is impersonal - that there is no human relation between master and slave." - Leo Nikolaevich Tolstoy

The illusion of freedom is very dangerous, yet that is the very illusion that US taxpayers have been laboring under for generations. When the fruits of your labor are taken from you by force, and given to another who has done nothing to earn them, you are, by definition, a slave.

"The essence of slavery consists in taking the product of another's labor by force. It is immaterial whether this force be founded upon ownership of the slave, or ownership of the money that he must get to live." - Leo Nikolaevich Tolstoy

When the FedGov passes laws and pursues policies that are opposed by the majority of voters, the voters are slaves. How many members of the Legislature listened to the calls and pleas of their consitutents last fall, imploring the "esteemed" lawmakers not to pass the various "bailout bills" or Porkulus Package?

"For in reason, all government without the consent of the governed is the very definition of slavery." - Jonathan Swift

And speaking of bailint out the bankers:

“The modern banking system manufactures money out of nothing. The process is perhaps the most astounding piece of sleight-of-hand that was ever invented. Banking was conceived in inequity and born in sin... But if you want to continue to be slaves of the bankers and pay the cost of your own slavery, then let the bankers continue to create money and control credit .” - Josiah Charles Stamp

But, these ideas are nothing new. Our founding fathers understood the power of the government to subjugate its citizens, its masters. 

"Single acts of tyranny may be ascribed to the accidental opinion of a day; but a series of oppressions, begun at a distinguished period and pursued unalterably through every change of ministers, to plainly prove a deliberate, systematic plan of reducing [a people] to slavery." - Thomas Jefferson

Have not the policies of tyranny, oppression of the people been perpetuated across many administrations and changes of legislature in post-WWII America? From the beginnings of the New Deal, through the Great Society up through to today, have the voters not been told of the egregious sins of the outgoing administration or politicians perpetrated on the public? Has the incoming replacement ever done anything to eliminate those alleged and reviled sins? 

It is long past time for voters and taxpayers in the US (and elsewhere) to wake up. 

"The moment the slave resolves that he will no longer be a slave, his fetters fall. Freedom and slavery are mental states." - Mahatma Ghandi

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#5) On July 21, 2009 at 8:13 AM, alstry (36.32) wrote:

awa,

I think you are going to see alot of "boomers" working part time instead of retiring.

Alstry,

There are just no jobs.  Boomers were working because society was borrowing and spending diving HUGE revenues and profits.  Profits were driving taxes and government was driving even more revenues.  It was an every growing bubble that is now popping.

There are very few jobs.  The people have less money.  And the government is going broke.

That is the problem in a nutshell.

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#6) On July 21, 2009 at 10:33 PM, guiron (27.05) wrote:

"The moment the slave resolves that he will no longer be a slave, his fetters fall. Freedom and slavery are mental states." - Mahatma Ghandi

You should not use quotes like that in this context, because it twists the meaning of what he was saying. Here's some real context:

"The abject poverty in which the majority of his countrymen lived, prompted him to be active in public life. He blamed the rich for the condition of starvation and poverty and considered it immoral to keep such vast numbers under those conditions. He said,: it is the fundamental law of nature, without exception, that nature produces enough for our wants from day to day; and if only everybody took enough for himself, and nothing more, there would be no pauperism in this world, there would be no man dying of starvation. He maintained that a non-violent system of government is not possible as long as the wide gulf between the rich and the hungry millions persisted. Therefore, he suggested, "leveling down of a few rich in whose hands is concentrated the bulk of the nation's wealth on the one hand and the leveling up of the semi-starved, naked millions on the other". But this result had to be accomplished by a non-violent process."

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#7) On July 22, 2009 at 12:03 AM, awallejr (77.67) wrote:

Except, Alstry boomers WILL be retiring on a larger and larger scale as the years go by.  Ironically that will help unemployment by opening up more jobs to fewer people behind them.  And those that can't afford to be completely retired can work part time probably with their current employers.  Employers make out because their costs are lowered and they retain experience.  The retiree can supplement his/her retirement needs. 

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