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alstry (< 20)

America FINALLY waking UP????



August 12, 2008 – Comments (3)

FDIC needs to raise more money.

Our cities are running out of cash.

Our banks are defaulting and conditions are getting worse.

Food shelves are running out of food.

Companies are laying off workers by the thousands.

Commercial construction grinding to a halt.

Office vacancies skyrocketing.

More homes getting foreclosed than selling in CA.

Pension plans running out of money.

Corporate bankruptcies exploding.

Fannie and Freddie making it harder and harder to get a mortgage.

Banks shutting down credit availablitly.

There just ain't enough money to pay back the debt.... and as revenues shrink more and more will default.  With only $5 Trillion in savings and over $30 Trillion in doesn't take long for savings to run out.....espeically when income evaporates.

Don't you think your government and the banks see this.....why do you think they have stopped lending?  Why do you think the new housing bill and fannie and freddie are making it HARDER to get loans????  Why do you think it is getting harder and harder for small businesses to get cash????

The revenue stream is drying up everywhere(just look at govt revenues) and savings are being depleted.  It should not be long now to see the light....the question is who turned off the switch????.........

3 Comments – Post Your Own

#1) On August 12, 2008 at 1:57 PM, jester112358 (28.08) wrote:

Just a natural reaction to past excesses.  Don't worry, be happy!

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#2) On August 12, 2008 at 2:03 PM, motleyanimal (36.83) wrote:

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#3) On August 12, 2008 at 2:03 PM, alstry (< 20) wrote:

I have travelled throughout the world.  I have a strong affinity for America and our principals.  Much of that has been lost in recent years.

The problem is that from this perspective, no country more ill prepared structually and socially for what appears to be in front of us......

The biggest shock will be to those that thought they could retire comfortably away from their kids.....

Maybe it will be a good thing and force us back to our foundation....its just the circle of life I guess.

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