Use access key #2 to skip to page content.

alstry (35.03)

Any Guesses?

Recs

31

December 03, 2010 – Comments (15)

Our deficit has become so large that the Government needs to tax everything we make to come close to balancing its budget......and pay the 2/3 of the population dependent on government checks each month to spend and consume.

The other 1/3 of the population depends on 2/3 getting their checks and spending for their income....

If the 2/3 are not spending.....the 1/3 doesn't have an income........and if the 1/3 doesn't have an income......much of the tax receipts to government evaporate......

The problem is a mess......

and up until now, bankers have been cutting off credit to the private sector and extending essentially unlimited credit to government......

now it appears credit is being cut off to governments around the nation.....as private sector tax receipts continue to evaporate.......

So how do we allocate property rights when the value of all of our property rights are a function of government spending money it doesn't have.....?????

Our 401Ks are a function of government spending....

Buffett's Berkshire Hathaway's company is solvent as a result of government spending.....

The revenues to doctors and hospitals are a function of government spending....

Ben Bernanke's income is a function of government spending.....

The fact that millions of Americans have lost their homes and jobs is a function of being cut off of credit....versus bankers getting essentially unlimited credit from government.....

How do we pick who gets or owns what when the value of basically everything is a function of government spending.....and now spending money it doesn't have...unless it takes everything we have?

15 Comments – Post Your Own

#1) On December 03, 2010 at 1:06 PM, alstry (35.03) wrote:

If the goverment keeps spending money it doesn't have....expect more and more money to fly out of our country and the value our our currency to collapse....

As a import based consumer economy....most everything in our existing economy will collapse if prices keep rising because wages will collapse as more and more spend will be concentrated on food and fuel.....

Report this comment
#2) On December 03, 2010 at 1:31 PM, Entrepreneur58 (40.30) wrote:

Yep, things are getting tough out there.  I was in New York the other day and there was a guy in a business suit standing on a street corner holding a sign that said "Will Trade Derivatives For Food".

Report this comment
#3) On December 03, 2010 at 1:37 PM, alstry (35.03) wrote:

Essentially our entire economy is now simply passing debt and derivatives around.......it was what is keeping everything going...

The problem is bankers are no longer extending sufficient credit to keep the bubble blown up anymore.....

The issue comes in as the bubble implodes.....what do we need to give our government to maintain our system?

It is simply what happens when you apply a Zombulation policy to a leveraged domstic consumption economy with little production outside of credit.......once you cut off credit....you quickly realize we are all collectively interdependent with each other.

Report this comment
#4) On December 05, 2010 at 9:35 AM, JerseyShoreGirl (< 20) wrote:

Hey everyone!

I mentioned this author before, Sir Ken Robinson, who wrote The Element.  This guy makes some amazing points about creativity .... I'm convinced this is the skill our children need for the future .... check out Robinson's interview w/ M. Huckabee. 

Creativity is going to be everything in the future ...

http://www.youtube.com/watch?v=f9OoSHZbBHQ

Report this comment
#5) On December 06, 2010 at 10:19 AM, JerseyShoreGirl (< 20) wrote:

Hey Alstry ... You ok?  I think this is the longest time lapsed between posts.  Hope all is well!  ~JSG

Report this comment
#6) On December 07, 2010 at 11:26 AM, alasker (< 20) wrote:

Hey Alstry:

I was thinking about relativity. I remember my parents telling me how each used to make 11K in the early 1970's (teacher and nurse). That they bought their first house for 30K. Gas was under a dollar. Interest rates were higher though. Lots of changes in their lives over 40 years- but they make a lot more now- but the cost of everything else have gone up relatively as well. You may feel richer because your bank account is larger and somethings are relatively cheaper (things you fill your house with, airline tickets) but I think balanced out- it is proportional.  

 

Report this comment
#7) On December 07, 2010 at 8:14 PM, chaimyl (94.73) wrote:

Hey alstry its been a pretty long time for yourself not to write any blogs it been 5 days the last time this happened was right before a big correction if i remember correctly

 

Report this comment
#8) On December 07, 2010 at 11:55 PM, Mary953 (66.50) wrote:

Alstry, I seem to be turning into you now.  Not good.  CAPS only has room for one Alstry.  You are an original.

Report this comment
#9) On December 08, 2010 at 7:34 AM, JerseyShoreGirl (< 20) wrote:

Alstry ... Just stopping by to say I hope you're ok .... is this what you meant by "going into the clouds"?   Hope all is well .. ~JSG

Report this comment
#10) On December 08, 2010 at 5:27 PM, JerseyShoreGirl (< 20) wrote:

http://www.youtube.com/watch?v=nkCos-y-WWM

Report this comment
#11) On December 12, 2010 at 8:07 AM, JerseyShoreGirl (< 20) wrote:

Alstry ... Sending light your way.  Hope all is well.  ~JSG

Report this comment
#12) On December 15, 2010 at 10:47 AM, JerseyShoreGirl (< 20) wrote:

http://www.stansberryresearch.com/pro/1011PSIENDVD/PPSILC42/PR

Report this comment
#13) On December 15, 2010 at 11:44 AM, JerseyShoreGirl (< 20) wrote:

Failing to Prosecute Wall Street Fraud Is Extending Our Economic Problems

http://www.ritholtz.com/blog/2010/12/failing-to-prosecute-wall-street-fraud-is-extending-our-economic-problems/

Report this comment
#14) On December 15, 2010 at 5:44 PM, bcchamp (33.31) wrote:

wtf  -  did alstree die

Report this comment
#15) On December 25, 2010 at 2:02 AM, WASABI1968 (< 20) wrote:

Alstry

If you have stayed away for this long you must working on something really big for us starting the New Year. Either that or you just went on Christmas vacation. 

Report this comment

Featured Broker Partners


Advertisement