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alstry (35.36)

Are The People Beginning To Revolt Against The Bailed Out Industrial Age Rich?

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January 31, 2011 – Comments (7)

YUP

And how do you think the police are going to react as we keep cutting their wages and numbers? 

You knew this was coming when you bail out a few and not the many....and as the many figure out what happened, you knew they would get really angry.

Just wait how upset you are going to be when you find out your retirement/investment accounts are investing in a bunch of otherwise bankrupt companies and municipalities but for your bond/equity purchase.

Remember...it is not the end of the world, simply the end of a world as we knew it.....and the beginning of the Udderworld.com

and age of SUSTAINABLE prosperity for the world.

Prepare....Don't Fear;)

7 Comments – Post Your Own

#1) On January 31, 2011 at 12:05 PM, alstry (35.36) wrote:

Remember....once you allowed the banks to NOT mark their assets to market....you are essentially allowed them to lie about their earnings and revenues.

And once you allow one party to a contract to lie and not another, there really is no contract anymore as it is based on fraud.

And once you bail out a few and not the many....especially in a nation that provides for equal justice for all and baseline inalienable rights....once the many find out, they get really really pissed......

and as our buddy Mr. Celente says, when people lose everything, they lose it.

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#2) On January 31, 2011 at 12:09 PM, djemonk (< 20) wrote:

I don't think people are upset because we bailed out bankers.  I think they're upset because they're starting to realize that many of them are redundant and our middle class is being partitioned and sold off to emerging markets and the top 1% of asset holders.

Either way, I agree that a systemic change is underway, which explains (to me) why the level of anger that people have is generally proportional to their conservatism. 

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#3) On January 31, 2011 at 12:16 PM, alstry (35.36) wrote:

Wait until the "rich" learn that they have focused their investments and wealth into and Industrial based system that is now bankrupt.

You think the middle class are upset?  Wait until the rich join them too.....

That is the irony of a systematic change....everyone is sailing on the same boat....at least practically everyone....and most of those that don't think they are really everyone but find out they are once its too late.

By the way....it wasn't just the bankers that were bailed out....it is pretty much all the rich....as most of the rich's wealth is concentrated in financial or financially related assets.

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#4) On January 31, 2011 at 12:56 PM, IBDvalueinvestin (99.67) wrote:

I got admit you were correct about what you said in 2009 about the populous was going to riot over food prices and corruption  but it did take 2 years before your statement turned into reality.  

 

The uprising in Tunisia (population: 10.5 million) was due to anger over:
-- soaring food prices,
-- high unemployment (13.3% overall, and 40% among young men), and
-- official corruption.

The upheaval in Egypt (population: 83 million) was due to anger over:
-- rising food prices,
-- high unemployment (9.4% overall, and 25% among young men and 59% among young women), and
-- official corruption.

In the U.S. (population: 307 million) we have:
-- food prices rising at a rate much faster than inflation,
-- an unemployment rate that is 9.4% overall (12.4% in CA) and over 20% among young men (highest among blacks and teenagers), and
-- a growing anger toward the government regarding its cozy relationship to the runaway corruption in Banking, Corporations, and on Wall Street.

America take heed… We must act fast to help stabilize our ever growing legions of disenfranchised young people.

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#5) On January 31, 2011 at 1:28 PM, alstry (35.36) wrote:

Between you and I.....the time frame took much longer than I dreamed possible.

I have some friends that manage money for some of the richest families in America....I have started to warn them about this trend.....

my concern is too many are too fixated in the past to see what lies ahead.....oh well.....it will be a transiton into the Digital Age one way or another....and through headlines, Udderworld.com will monitor the change as we cross the bridge.

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#6) On January 31, 2011 at 2:23 PM, JerseyShoreGirl (< 20) wrote:

One trend I'm seeing is food prices going way up .... but clothing stores are practically giving things away. 

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#7) On January 31, 2011 at 2:33 PM, alstry (35.36) wrote:

As food and fuel prices keep going up......the only place most people will spend money will be on food and fuel....

during food and fuel hyperinflation in Germany....people were burning money instead of firewood because the wood was more expensive.....

It is why I repeatedly blogged that houses would soon be worthless......as few will have any money to pay or maintain them.....

you may be burning your out of date clothes pretty soon instead of giving it to Goodwill for a tax writeoff...because, in part,  you may not have any need for the writeoff.

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