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alstry (35.37)

Are The People Getting PIssed At the Politicians?

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November 02, 2010 – Comments (4)

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HOW LONG DO YOU THINK THE FED CAN KEEP PRINTING......BEFORE ALL HECK BREAKS LOOSE.....as commodity prices keep skyrocketing......and wages keep crashing in an economy that benefits very little from increasing commodity prices

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4 Comments – Post Your Own

#1) On November 02, 2010 at 8:15 PM, alstry (35.37) wrote:

I am AMAZED that people question my projection that houses will be essentially WORTHLESS.....as commodity prices are skyrocketing, wages collapsing, and fewer and fewer can afford to make their mortgage payments.

as a matter of fact....many assets that recently or currently have/had values in the millions, even billions, will be worthless...

Ailing Washington Times sold to founder for $1

but don't think Alstry takes it personally...he was the guy that said most dot.coms were essentially worthless too..and many scoffed at such a suggestion...and that new home construction would drop 50%....experts claimed it was impossible...and most banks were lying about their financial condition and many mortgages were fraudulent....as Benny the B told you Subprime was contained....

It is getting more and more obvious that there is fewer and fewer ways out of this mess for politicians.......and it will be the end of the world as you know it.....and for many, it may simply be the end if we don't restructure soon.

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#2) On November 02, 2010 at 8:51 PM, ChrisGraley (29.71) wrote:

People that vote for the government handing out freebies are very content until they finally have to pay for it. Then they become very militant.

It'll happen here too. We are not sane enough for austerity measures yet though. Once those hit, you'll see domestic terror like you've never seen it before.

 

btw, +1 rec. (other than the worthless houses thing) 

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#3) On November 02, 2010 at 10:13 PM, BillyTG (29.37) wrote:

@ChrisGraley,

That's what I'm worried about, too. Consider how well armed Americans are compared to the rest of the world.  We are an aggressive people, even if a lot of that aggression has been funneled into things like sports, and away from things that matter like privacy and freedom.

On the flip side, I don't think politicians will institute austerity measures here because of the risk.  Charles Hugh Smith calls food stamps and other welfare programs "low-cost rebellion reduction measures."  Also, we are becoming very much a police state, and new laws make it very difficult for people to organize.  You do specifically state "domestic terror," though, and that leaves a lot of options for individuals to pursue without any help.  In any case, violence is sure to pick up, and our freedoms will continue to decrease.  All of it will be packaged as "national security," and to "defend freedom," the same old song and dance.

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#4) On November 02, 2010 at 11:04 PM, alstry (35.37) wrote:

Chris.....

You will come around on the housing thing....the government will own most homes and property taxes will be the rent....

What is a home worth when you can rent it from the government for $10K per year or your property taxes are $10K per year?

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