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alstry (35.36)

and you think Alstry is INSANE?

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August 11, 2010 – Comments (8)

DEFICIT ADDS $165,040,000,000.00 -- IN ONE MONTH!

This equals about $500 for every man, woman and child in the nation....IN ONE MONTH.

or about $2,000 for a family of four.......IN ONE MONTH.

with the average American family now earning about $50,000 per year......the annual government deficit now equals half of the average American families income.......

but we know that the average American family doesn't have much savings........

and as good bankers that we are, we would go after the families with deep pockets to collect........so if we apportioned the deficit to simply the top 10% of families......that would equal $240,000 per year per family......

however, we know that the top 10% of incomes is only about $125,000 per year......so we can't get it from the top 10%.....

so let's apportion the deficit to the top 5% of incomes which would bring us to just shy of half a million per year....unfortunately, the top 5% of income earners only make around $160,000 per year...not enough to cover the deficit.....

so let's get the money from the really rich, the top 1% of income earners.....less than 1% of the population........but for the sake of being conservative....we would have to extract $2.5 million per year in taxes simply to meet the current deficit....however, the top 1% only earn about $410,000 per year......

http://www.ntu.org/tax-basics/who-pays-income-taxes.html

as you can see....without the deficit, we have a tiny economy as our deficit has essentially become the driver of the economy........unfortunately man cannot live on deficits alone....and just like homeowners borrowed on credit cards to pay mortgage payments, and took out home equity loans to pay down credit cards, and then took any extra to buy cars and vacations....and in the process created a booming economy.......until they were cut off of credit........and to the surprise of economists.....everything crashed..........

until things stablized at much lower levels once government started running massive deficits.....deficits so large that they have become mathematically impossible to fund without simply borrowing more money that really doesn't even exist absent potentially fraudulent financial alchemy by Benny Bin Bernanke...........

and when government can't borrow any more....which over 2000 years of history assures us will come.........the only two choices left will be to go to war and force the citizens to work for the soverign or bankrupt the nation and every citizen within it......

WHAT STILL AMAZES ME IS HOW ANY FOOL CAN CONSIDER THEMSELVES AN INVESTOR WHEN AMERICA IS RUNNING SUCH A MASSIVE DEFICIT.....AND THEY ARE JOINTLY AND SEVERALLY LIABLE TO PAY IT BACK......AND YOU THINK ALSTRY IS INSANE?

TOO BAD MORE IVY LEAGUE GRADUATES DON'T SPEND MORE TIME ON MATH INSTEAD OF DWEALLING ON SPELING

8 Comments – Post Your Own

#1) On August 12, 2010 at 12:11 AM, awallejr (83.96) wrote:

In response to your headline question, YES.

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#2) On August 12, 2010 at 12:26 AM, Starfirenv (< 20) wrote:

What the hell is "DWEALING"? Sounds bad.













 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

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#3) On August 12, 2010 at 1:15 AM, TMFCrocoStimpy (95.45) wrote:

Alstry, I'm surprised you haven't mentioned this article from marketwatch in your blogging - David Stockman seems to have coinciding views with many of your own.

-Stimpy

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#4) On August 12, 2010 at 1:16 AM, tfirst (33.29) wrote:

You still don't understand? The central bank will allow the fed to print more. The standard of living will go down again, and you'll have to go back to chasing ambulances....again. The war with England still goes on to this day.

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#5) On August 12, 2010 at 1:17 AM, tfirst (33.29) wrote:

You still don't understand? The central bank will allow the fed to print more. The standard of living will go down again, and you'll have to go back to chasing ambulances....again. The war with England still goes on to this day.

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#6) On August 12, 2010 at 1:24 AM, tfirst (33.29) wrote:

Damn, now I know why Reagan died...........he wanted to.

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#7) On August 12, 2010 at 7:18 AM, JerseyShoreGirl (< 20) wrote:

Alstry .. last year at this time we were reading all of your 9.09 posts .. now it's a year later and things have gotten worse and it seems TPTB are just kicking the can down the road.  Something tells me the heat is turning up, and this house of cards is about to come down.  Are you suprised they've been able to continue this sham game this long and do you think there will be a defining 'collapse' moment or just a continual slow degradation?  One technical guru my husband follows predicts 8/26-28 is when things will make an obvious turn for the worse ... welcome 9.10. 

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#8) On August 12, 2010 at 7:22 AM, ragedmaximus (< 20) wrote:

the fed and banks are corrupt and when there is no taxpayers to pay for this they steal from the rich but by then they will all moved themselves to switzerland. 

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