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alstry (35.44)

Are Fools About To Be Oursourced????

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April 03, 2010 – Comments (7)

The money is quickly running out of our retirement accounts permitting Wall Street and Washington to borrow from us for practically free to pay employees....while the rest of the country gets cut off from credit and is forced to pay much higher rates?????  Evidence of the money running out is the fact that 10 years rates increased to 3.94% yesterday.

If you really think about it, are we the American people even needed any more????....the taxes we generate can't even pay the base salaries of Federal workers yet Federal Budgets are growing and Federal Employees are getting raises???....while the rest of the country is suffering from massive wage cuts and job losses????

The Fed is borrowing from our retirement accounts and bailing out Wall Street Banks and Washington....while community banks and local governments implode???????

http://globaleconomicanalysis.blogspot.com/2010/04/fed-finally-reveals-some-toxic-bear.html

In essence....the Federal Government and Wall Street really have little need for the American people any more.....our retirement accounts are now accumulations of toxic loans and Wall Street could outsource practically every function we do for a fraction of the current cost with much less headache.

Our nation's infastructure is crumbling and fixing it would be very expensive.  Why not build new much cheaper overseas?....and if you think about it, it is already happening as we are leveling large parts of Detroit while developing Dubai.

Do you really think Wall Street gives a damn about you.....just go to any of the thousands of towns in the rust belt if you want some perspective.  Ask yourself, why did we bail out the banks and not the debt???  Had you paid off the debt, you would have paid off the banks.....right???? 

Keep dreaming little Fools....our long term unemployment is the highest EVER!!!!  Underemployment is over 20%.......

http://www.zerohedge.com/article/gallup-underemployment-us-rises-203-march

Wall Street is bankrupt yet executives are getting billions in bonuses???  Washington is running unprecedented deficits yet federal employees and politicians are getting raises????

Soon you will understand most Fools are no longer needed......our jobs can be done for a fraction of the cost overseas.  When you bail out the bankers and not the citizens......do you really need the citizens any more????....especially when we are so expensive to maintain with 40,000,000 of us receving Food Stamps, over 15,000,000 receiving unemployment, and over 50,000,000 on Social Security?

Soon you will understand.....you were warned what would happen if you bailed out Wall Street and not the citizens......now the only question is what are we going to do with the remaining 50,000,000 government workers, health care workers mostly funded by government, and Wall Street funded companies when the money runs out of our retirement accounts to pay them??????????????????

 For the past year I have been posting strings of shutdowns across America day after day, week after week, month after month.......soon you Fools will understand why;)

Saturn of Huntsville Alabama 

Toys'R'Us Closing King of Prussia Store 

The Mingei International Museum Closing Escondido Galleries

Sega Studios San Francisco?

McMorran's Beach House ( International ) Closes Sunday

PRACS Institute facility in Grand Rapids by Mid-May

USA Baby Hawaii

Showcase Cinemas West Pittsburgh 

Urban Trends Furniture Store

St. Ann School in Milford

Bedford Memorial Hospital Closing Birthing Center Later This Year, and 1 other one

Community Bank & Trust - 10 Northeast Georgia Branches

Lafayette General Medical Center will close its mental health unit

Doc's Little Gem Diner in Syracuse NY

Guardian Industries Confirms Closing Glass Plant in Walled Lake

Bert's Surplus Store in Grand Rapids

GameWorks Arcade Closing at Circle Centre Mall

TeleTech Holdings Inc Closing Lorain County Call Center - 585 Jobs Lost

L'Oreal Closing Shu Uemura Brand US Operations

Nevada Habilitation Center to Close by 2012

Second Chance Quality Consignment in Ypsilanti

4 Jack in the Box in Paradise Ca Might Close

7 Comments – Post Your Own

#1) On April 03, 2010 at 10:25 AM, coattails (22.65) wrote:

Alstry, you really know how to sugar coat things.  Keep up the good work.  And keep on keepin it real.

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#2) On April 03, 2010 at 10:39 AM, alstry (35.44) wrote:

IT IS NOT HARD TO SEE....IF YOU ONLY OPEN YOUR EYES!!!!!!

...companies on the list are expanding in ways that won't be of great help to U.S. job seekers. Cognizant, a computer outsourcer with big offices in New Jersey and Phoenix, added 16,700 workers -- the most of any on our list. But most of these jobs were at call centers in India and other overseas locations. Still, Cognizant says it is hiring in the U.S. as well -- 13,000 of its 78,400 workers as of year end were in North America. Says spokeswoman Catherine Marenghi: "We have five IT delivery centers and numerous sales and business offices across the country."

Tyson, the giant chicken and beef processor based in Arkansas, also expanded rapidly in 2009, adding 10,000 net new workers. "In 2009 we entered into our third joint-venture poultry operation in China," says spokesman Gary Mikelson. The company, which entered the recession with $1.5 billion in cash on its balance sheet, has been on a rampage, also expanding operations in Brazil, Argentina, Mexico and India......

RIGHT NOW....THE ONLY REASON WE ARE FUNCTIONING IS WASHINGTON AND WALL STREET  ARE BORROWING TRILLIONS FROM OUR RETIREMENT ACCOUNTS FOR FREE AND AND PAYING THEMSELVES AND THEIR WORKERS.....WHAT HAPPENS WHEN THE MONEY RUNS OUT??????

ZOM......BU......LA......TION

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#3) On April 03, 2010 at 12:02 PM, alstry (35.44) wrote:

When we are broke....who will  be standing next to us???????????????????

Putin deepens ties with Chavez on Venezuela visit...

Russia sells China air defense missile systems...

The problem of empty office space

Layoffs Ahead for DC Workers

Obama's Approval Rating Hits New Low

Obama: Iran aims to acquire nukes

FBI warns letters to governors could stir violence

OUR PENSION FUNDS AND RETIREMENT ACCOUNTS ARE POOLS OF TOXIC INVESTMENTS AGAINST A TAPISTRY OF SHRINKING REVENUES.............

AND THIS IS CALLED A RECOVERY...........ANY GUESSES HOW MUCH LONGER THIS CAN GO ON AS YOU KEEP WATCHING THE TICKER????????????

REMEMBER WHEN PEOPLE THOUGHT DOT.COMS WOULD NEVER STOP RISING????  OR HOUSING WOULD KEEP APPRECIATING?????........NOW THE ONLY QUESTION IS HOW MUCH MONEY IS LEFT IN OUR RETIREMENT/"INVESTMENT" ACCOUNTS TO KEEP PAYING FEDERAL WORKERS......GOVERNMENT SUBSIDIZED HEALTH CARE WORKERS.......AND WALL STREET FINANCED WORKERS?????????????????????????????????????????????????

WHEN IT'S GONE...WHO WILL BE THERE TO PICK UP THE PIECES???????

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#4) On April 03, 2010 at 12:21 PM, alstry (35.44) wrote:

THE TRANSITION TO THE DIGITAL AGE WILL BE CONVULSIVE FOR MANY!!!!!!!

French workers drop threat to blow up factory

Workers at a factory north of Paris have dropped a threat to set fire to a huge gas tank to protest the factory's planned closure. A union representative had said a day earlier that workers were threatening to set fire to a 5,000-litre (1,300-gallon) gas tank outside the factory.

HOW DO YOU THINK AMERICANS ARE GOING TO REACT WHEN THEY ARE TOLD THEIR RETIREMENT ACCOUNTS AND PENSION PLANS ARE POOLS OF TOXIC INVESTMENTS SOLD TO THEM BY WALL STREET OVER THE PAST 10 YEARS????

MAYBE WE WILL BE ABLE TO EMPATHIZE WITH MADOFF'S CLIENTS A BIT MORE.....YA THINK????

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#5) On April 03, 2010 at 12:41 PM, alstry (35.44) wrote:

THE DEMOLITION OF DETROIT BEGINS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Demolition crews will begin Thursday tearing down 3,000 derelict buildings that the City of Detroit deems dangerous.

The city’s plan is to have the 3,000 structures all torn down by the end of the year. City officials have obtained federal grants to fund the demolition project which is the first leg of a larger four-year project to rid the city of 10,000 blighted buildings.

http://www.freep.com/article/20100401/NEWS01/304010003/1371/Demolition-project-begins

It is not the end of the world...just the end of the industrial age and the start of the digital age.

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#6) On April 03, 2010 at 3:36 PM, Teacherman1 (57.76) wrote:

And yet, the sun comes up, the sun goes down (not really, but it seems to), and the world keeps on turning.

Have a Happy Easter Alstry. 

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#7) On April 03, 2010 at 3:47 PM, alstry (35.44) wrote:

Happy Easter to you buddy.

How long do you think you can keep collecting on your pensions before the money runs dry paying government and Wall Street workers?

Either way...keep perspective on the important things in life.

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