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alstry (36.32)

Credit is the new Gold....

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September 27, 2010 – Comments (3)

First it was rocks....then it was gold....then it was paper money.....NOW IT IS DIGITAL CREDIT.

Blankenfein is right....Wall Street bankers are god........CREDIT IS FREEDOM......and Wall Street can hand it out or take it away on a whim.........

Wall Street gives themselves unlimited credit....Wall Street employees get unlimited bonuses....

Wall Street takes away credit from housing.....new home construction drops 85%.......and most private homebuilders are out of business

Wall Street gives credit to Washington.....Federal workers get raises.....

Wall Street takes away credit from cities, counties and states......jobs are slashed and wages cut..

Gold......relatively meaningless.....current total world value above ground is about $5 trillion dollars....less than one years supply of world credit.....Gold could triple in value and still play a minor role in total value.

Credit can buy factories, homes, nations, women.....you name it......if you have unlimited credit, you have unlimited power.....if you, your employer, or your customers are cut off of credit....YOU DIE!!!!!

Digitally Invert Economically.

Gold...that was yesterday's money.....today it's credit......Digital Credit.....credit that can be created by a computer and taken away just as easy.....

BUFFETT WAS ONE OF THE BIGGEST OPPONENTS OF DEBT IN THE PAST......NOW HE IS REMARKABLY SILENT AS THE COMPANIES HE INVESTS IN GET TRILLIONS OF DOLLARS OF CREDIT EACH YEAR......HE EVEN DOESN'T EVEN COMMENT ABOUT THE EXCESSIVE EXECUTIVE COMPENSATION THE EMPLOYEES ARE TAKING....ESPECIALLY WITH STOCK OPTIONS.....

Buffett KNOWS the game has changed......the new currency is credit.....and he is taking his share as the rest of the nation gets cut off......

Credit saved Dubai.....Credit has kept Illinois going.....lack of credit killed GM....but breathed life into Tesla........credit is what is giving the REITS power....lack of credit is killing privately owned real estate.......lack of credit killed the private pension funds at GM....credit gave life to the Union Pension funds.....

THERE IS NO DUE PROCESS ON WHO GETS CREDIT AND WHO DOESN'T....IT IS SIMPLY ALLOCATED AT THE WHIMS AND DESIRES OF WALL STREET.....WHICH GIVES THEM THE POWER TO BREATHE IN FREEDOM OR TAKE IT AWAY.....ON DEMAND!!!!

Lack of credit is killing the private citizens but giving public employees lavish lifestyles.....

It is all about credit now, and credit is freedom....if you get credit, you have freedom....if your investments get credit....you have freedom.....if your municipality gets credit, you have freedom.....if credit is cut off.....you, your investments, or municipality DIE and you have NO FREEDOM....

Now ask yourself....who has the most power to take away your FREEDOMS?????????

 

3 Comments – Post Your Own

#1) On September 27, 2010 at 11:55 AM, XMFSinchiruna (27.12) wrote:

You are on to something with respect to the power of credit in a debt-driven economy, but it is incorrect to presume that this has negative bearing on the significance of gold.

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#2) On September 27, 2010 at 12:36 PM, alstry (36.32) wrote:

That is why I am saying gold can go to $50K or $500.....

I have no clue at this point....the only thing I know is that credit is being arbitrarily created and dished out without any seeming rule of law or accounting constraints we had in the past.

If one gets credit...or his investment gets credit....it survives....

If now....it dies.

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#3) On September 27, 2010 at 2:43 PM, tomatoflu (< 20) wrote:

i think Dorothy should be pleased with a new pair of silver slippers. 

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