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alstry (35.09)

Banks vs. The World....Project Mayhem

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May 01, 2010 – Comments (7)

Let's make one point clear....if it wasn't for taxpayers bailing out the Wall Street bankers and/or fraudlent accounting......most banks would be insolvent and the bankers thrown out on the streets.

The reason why banks/bankers are insolvent is because banks made trillions of dollars of bad loans and infected the economy with a debt load that simply can't be paid back based on current revenue streams.

In the process, the bankers made incredible amounts of money originating, packaging, and selling the toxic loans back to our pension/retirement/and investment accounts infecting our entire financial system with a cancer that can't be serviced as the ratings agencies got paid off to improperly rate the debt.

IT WAS CLEAR LAST MARCH....WHEN WE BAILED OUT THE BANKS AND NOT THE DEBT.....THE CITIZENS WOULD SUFFER WHILE THE BANKERS BRAGGED ABOUT THEIR BILLIONS IN BONUSES.

But instead of questioning such ridiculous behavior.....The Fools remained silent knowing that one day the Industrial Age was sure to shut down likely causing massive distress for families here in our own nation and around the world.

But not all citizens were silent.

Greek unions protest expected austerity measures

Greece's additional austerity measures are likely to include raising consumer taxes, while docking pensions and public service pay. Unions are furious and called on workers to rally in central Athens Saturday.

"These measures are death. How people are going to live tomorrow, how they're going to survive, I do not understand," said Nikos Diamantopoulos

THE REST OF THE WORLD ARE NOT SHEEP LIKE MANY OF THE FOOLS.....AS A MATTER OF FACT, MANY OF THEM EAT SHEEP LIKE THE GREEKS.

They will simply not sit back and watch the bankers take all the citizens money and then cut off the citizens from credit.

"The Greek people do not owe anything to anybody. Those who have brazenly robbed public money and pension funds," Left Coalition leader Alexis Tsipras told reporters at one of the Athens rallies.

This weekend we will start to see rising protest around the world as we usher in the Digital Age on 5/5/10.

Hundreds of thousands of people are expected to rally across the United States Saturday in a protest at a tough new immigration law in Arizona that has triggered an outcry from rights groups.

http://news.yahoo.com/s/afp/maydaydemousimmigration

May Day demonstrations, Tea Parties......is it possible the sheep are finally wakinig up?

We now learn that when you bail out the banks after infecting the economy with too much toxic debt, and leave the debt burden on citizens....the economy collapses as there is not enough money to cover the citizens expenses, service debt and service govenrment at the same time.

U.S. Consumers Could Be Hit With New Tax

As we prepare for 5/5/10.....

The protests ramp up

The terrorist acts increase

Wall Street banks keep shuttering competitors as the bankrupt WS bankers are basking in bonuses(what kind of nation would let its big banks, who are insolvent, shut the little banks who actually lend to the people, when the big banks are bankrupt too?)

Banks closed in Puerto Rico, Mich., Mo., Wash.

WELCOME TO THE DIGITAL AGE.....JUST LIKE ALSTYMOUS PROMISED....IT WILL BE EXCITING!

 

7 Comments – Post Your Own

#1) On May 01, 2010 at 9:16 AM, jdlech (< 20) wrote:

I found someone else who undertands zombification - at least in part.

 

“Hey Dad, Why do we save Billionaires, but not Teachers?”

Posted by LesLeopold at 3:03 am
May 1, 2010

http://blogs.alternet.org/speakeasy/2010/05/01/hey-dad-why-do-we-save-billionaires-but-not-teachers/

This week thousands of New Jersey public school students walked out of class to protest draconian school budget cuts. “Save my teacher,” their signs read. In a state that is home to a bevy of high finance billionaires, with the highest per capita income in the nation, teachers are being sacked left and right. In our town half the student body protested outside the high school. Perhaps the protesters should turn their eyes towards the twenty-five top hedge fund honchos who took in $25 billion in 2009. Their “earnings” alone could fund 658,000 entry level teachers.

It’s ironic that the battlefield in this war over resources is public education. Because the public remains entirely uneducated about the connection between those billionaires and school budget cuts. We are clueless about what the Wall Street billionaires do to earn their riches and whether it’s of any value. We might be able to understand “weapons of mass destruction,” but financial weapons of mass destruction are way beyond us.

The new earning reports are good, we read. The giant financial institutions are back to making billions through “trading.” So are these bankers grown-up versions of kids trading baseball cards–or are they robber barons? Are they enriching our society or siphoning off its wealth? Maybe the marching students of New Jersey could ask Governor Christie to explain.

Snip.

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#2) On May 01, 2010 at 9:34 AM, alstry (35.09) wrote:

The only reason our economy is functioning is because we are borrowing and spending trillions of dollars per year.

Now much of that money is going into the major banks while the rest of the economy gets cut off.  As a result, much of the economy is collapsing while theWall Street bankers are basking in taxpayer funded profits.

First the bankers cut off credit to real estate.....since real estate is the primary lending vehicle of banks....BOTH the banks and real estate crashed.

Instead of restructuring debt at that point...we only bailed out the Wall Street banks and left the rest of the economy to rot under an unsustainable and unservicable amount of debt.

Now government, by borrowing $2 trillion dollars per year ....is keeping our economy on life support...until the banks cut off government which is starting on many city, county, and state levels....hence the teacher and hospital layoffs which was oh so predictable.

Here is where the irony will set in.....

What the rich are about to find out is the only reason people are wealthy in America is because government deficit spending is artificially propping up their investments....until the government gets cut off.

Welcome to the Digital Age.

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#3) On May 01, 2010 at 9:46 AM, alstry (35.09) wrote:

THE UNREST IS SPREADING AROUND THE WORLD

Tens of thousands of workers marched in cities from Hong Kong to Istanbul Saturday to mark international worker's day, demanding more jobs, better work conditions and higher wages.

More than 100,000 jubilant workers gathered in Istanbul's Taksim Square in the first celebrations at the site since dozens of people died there in a May 1 gathering more than three decades ago.

http://finance.yahoo.com/news/Workers-demand-better-jobs-apf-3605068239.html?x=0&sec=topStories&pos=2&asset=&ccode=

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#4) On May 01, 2010 at 10:47 AM, PDTBiotech (92.25) wrote:

It would seem as if you're posting the same thing you've been posting in the recent past.

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#5) On May 01, 2010 at 11:55 AM, alstry (35.09) wrote:

It would seem so only to those that don't see......

A few billon people are about to get really pissed.....

They are going to usher in The Digital Age......

You think an auto mag pistol or small farm is going to stop em......

It is only a repost to you due to your lack of pulse......

To those with KNOWLEDGE....it is the dawning of the Digital Age....

To those without.....grab your ankles......it is sheep time.

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#6) On May 01, 2010 at 11:59 AM, HarryCarysGhost (99.70) wrote:

AL,

Yeah,Yeah Whatever,

Lets get to the important stuff

Who do you like in the Derby :)

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#7) On May 01, 2010 at 12:16 PM, alstry (35.09) wrote:

Lookin at Lucky is the odds on favorite....

But this year we have a hot lookin philly who closes strong in Devil May Care.

I like a Trifecta Box....

Devil May Care, Lookin at Lucky, and Line of David as my outside choice.

There Off as we enter The Digital Age.

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