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alstry (36.04)

America Is In Abysmal Financial Shape

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January 04, 2011 – Comments (9)

This is not Alstry saying this....it is  Erskine Bowles, who recently chaired a commission appointed by President Barack Obama to find ways to cut the federal deficit.

It is the headline on www.udderworld.com

Yet we are told that everything is humming along well?

The article indicates that all tax revenue covers only mandatory spending like Social Security, Medicare and Medicaid.   The money to pay for defense, homeland security, education, research and infrastructure is borrowed, he said, calling it a "formula for failure."

"That debt is like a cancer, and it is truly going to destroy our country from within," Bowles told the estimated 1,000 people who attended the ninth annual Economic Forecast Forum sponsored by the North Carolina Chamber and the North Carolina Bankers Association.

"When it happens, it's going to happen so quickly that it's going to catch us by surprise," Bowles said. "The problm is real, the solutions are painful, and there's no easy way out."

The above is why UdderWorld started.  We are approaching the end of an economic era and about to enter a new one....an UdderWorld if you will.  The site has been divided into three major catagories:

The Zombulation/Insolvency Of Government

Government Need vs. Citizens Bleed

Innovations Fighting Zombulation

At the end of the day, we are all collectively responsible for our nations debt.  If government can't afford to fund police, or judge, or jails.....there will be no society as we know it.  If government can't afford to maintain roads, or airports.....travel will come to a grinding halt.  If government can't afford to provide basic services, homes will be worthless.

There are many solutions driven by technology currently and about to be implemented.  For example, email replacing the post office.  It's great for the majority of people, but convulsive if you are one of the million or so postal workers.  Free Online education replacing pay education....again great for the majority of people but convulsive for the millions of teachers, professors, and those that work in the educations system.

The problem compounds when you factor that as we keep laying off and outsourcing workers, the tax receipts to government will contract even further.......which will force even more innovations and changes.

Udderworld is set up to track the process of Zombulation to Innovation.  It is designed to give you the Knowledge for a New Age. 

Hang on, it will be exciting and just like forecasted.....It is not the end of the world, simply the end of a world as we knew it.

9 Comments – Post Your Own

#1) On January 04, 2011 at 9:03 AM, yyhg9 wrote:

welcome come to :(http://tinyurl.com/2c7p8hmhttp://tinyurl.com/2c7p8hmhttp://tinyurl.com/2c7p8hmhttp://tinyurl.com/2c7p8hm)

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#2) On January 04, 2011 at 9:09 AM, Jbay76 (< 20) wrote:

Alstry, your analogy of email replacing the post office as a way to reduce government spending is a bad one.  Th ePost Office is the only government organization that is self sufficient. It does not take/receive any federal money.  Of all governmetn organizations, it should be applauded for the fact that it operates and provides a government service that is not paid for by taxes

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#3) On January 04, 2011 at 9:20 AM, alstry (36.04) wrote:

The post office is running a multi billion dollar deficit........self sufficient would not be a word that really doesn't apply to the post office anymore....in the past yes...... today, no.

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#4) On January 04, 2011 at 10:23 AM, GNUBEE (24.38) wrote:

Alstry, again with the USPS deficit. Read up on the overfunding of the USPS pension. W/O the 100% funding requirement they'd be just fine.

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#5) On January 04, 2011 at 10:54 AM, alstry (36.04) wrote:

Oh...so we should just stop funding pensions and everything will be OK......

But then who will buy our corporate and municipal debt that is keeping this Ponzi Scheme going?

Crazy isn't it?  If we keep funding pensions, our companies will go bankrupt.....if we stop funding pensions, money will dry up and companies will go bankrupt.

Welcome to the UdderWorld.com

Get ready for some very positive and convulsive changes.

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#6) On January 04, 2011 at 1:51 PM, alasker (< 20) wrote:

Hey Alstry:

I get that most of the wealth we have today was put on individual/ business credit cards and IOU's from ourselves (from the government) in our pension funds/ 401k's. I understand that most transactions are digital and that at any moment our government can flip a switch and make our bank account zero.

I was just thinking that as access to credit decreases and prices increase on some things (gas & food) and decreases in others (houses)- I think that access to cash will be more and more important. I dont think there is necessarily too many dollars out (the dollars are tied up) there as opposed people do not have enough dollars (physical or digital)- I wouldnt necessarily count the dollar out yet. What do you think?

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#7) On January 04, 2011 at 2:14 PM, alstry (36.04) wrote:

It could go either way.....no one knows for sure.

It is why udderworld.com was set up....to track the trends, solutions and act as a portal to the digital age.

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#8) On January 04, 2011 at 4:47 PM, JerseyShoreGirl (< 20) wrote:

Alstry ....

Check out these sites for your 'sustainable innovation' section of Udderworld ...

http://stateofcreativity.com/multimedia/cwf-videos/

http://www.ted.com/talks

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#9) On January 04, 2011 at 4:53 PM, JerseyShoreGirl (< 20) wrote:

Very interesting .... this is for everyone

"Keep Your Goals to Yourself"

http://www.ted.com/talks/derek_sivers_keep_your_goals_to_yourself.html

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