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alstry (< 20)

Everybody Getting Mad At Each Other



November 29, 2010 – Comments (8)

Concentric Contraction?

Private workers gettting mad at government workers......government workers making 2X as much as many private workers even though government running $1.5 Trillion dollar defcit and taxing the gizzards out of private workers.

Citizens getting mad at government because government enacting legislation even though the majority of citizens against passage.....

Government getting mad at citizens because citizens not paying enough taxes for government to function.....

Private citizens getting mad at private citizens because loss of cash flow is making more and more unable to fulfill their financial obligations.....

Private citizens getting mad at unemployed citizens because many unemployed citizens are making more being unemployed than the private citizens are for working

Private businesses getting mad at public businesses because private business having a tough time borrowing a dime but otherwise insolvent public companies lying about their financials can borrow as much as they want for practically free.....


while bankers and politicians still get wonderful compensation packages and billions in bonuses....

Time to tax everyone 100% of their income and assets....then we can all start over on a moral foundation.


8 Comments – Post Your Own

#1) On November 29, 2010 at 4:20 PM, JerseyShoreGirl (< 20) wrote:

Here's a little diversion for ya.  If you grew up in the 80's, I am sure you will know this song and it will bring back big early MTV-era memories ... I haven't heard this song in so, so long but it brings back so many great memories of my teenage years hanging out at the beach at night .... oh, I miss those nights!  Enjoy!!

P.S. I totally forgot about the band too!

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#2) On November 29, 2010 at 4:30 PM, mtf00l (43.19) wrote:

How about this one... =)

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#3) On November 29, 2010 at 5:17 PM, alstry (< 20) wrote:

When enough are ZOMBULATED....we will all learn we are COLLECTIVELY INTERDEPENDENT with each other.


The parent company of the University of Phoenix is laying off about 700 employees, most of them in the Valley, News/Radio 92.3 KTAR learned Monday.  Sources said the Apollo Group held a meeting with workers and informed many of them that Monday would be their last day on the job.

Duckwall-ALCO Stores, Inc. said it will close 44 Duckwall stores....

The state Department of Health and Hospitals is reducing employment by 200 positions in Central Louisiana, and clinical services at public health units in Cenla will be available on fewer days. Both are the result of budget cuts, the state says.

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#4) On November 29, 2010 at 5:25 PM, alasker (< 20) wrote:

Hey Alstry:

I was thinking I was born in the tail end of the 70's. I can remember going into my corner bank and having the savings rate at 4-6%. But really I have only known the upware trajectory of the 90's and 2000's. Your arguments are sound- but for my generation has never felt austerity before. Just the ever increasing credit expansion. Its the difference between seeing pictures in the text books and never having lived it.

I wonder if some subsistence farmer who in some far away place who has never taken a loan or relied on the government is better prepared that the the many USA urbanites.

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#5) On November 29, 2010 at 5:37 PM, alstry (< 20) wrote:

No Generation has felt austerity in America since pre-WW2.

The subsistence farmer is better prepared in the sense that the adjustment will be less....but this is moving away from subsistence farming more toward a digital lifestyle consumeing less and less natural resources per capita.

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#6) On November 29, 2010 at 9:38 PM, alstry (< 20) wrote:

The HIGHEST and BEST use for America would be to become a Military State like North Korea.....

as Wall Street is rapidly outsourcing our good civilian jobs overseas.....

and Obama exempted the military from pay freezes......

it looks like this is the direction we are heading as more and more get mad at each other in the civilian FIREHAG economy because fewer and fewer can fulfill their obligations as money dries up.

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#7) On November 29, 2010 at 10:14 PM, JerseyShoreGirl (< 20) wrote:

What's that Obama campaign-trail quote that comes to mind .. the one about a "civilian national security force .. that is just as powerful, just as strong, JUST AS WELL FUNDED AS OUR MILITARY?"

Oh, and let's not forget what Rahm Emanuel said (before becoming Chief of Staff) about "Universal Civil Defense Training for all men/women ages 18-25"

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#8) On December 03, 2010 at 10:17 AM, patrails (< 20) wrote:

You left one out that I would like to add if you don't mind.


The guy that put at least 25% down on everything he ever financed, that lived within his meens, pays his bills on time even though he is making half the money he used to make as a result of the down turn (Me) 

Angry at the people that over levered their households, bought every thing with no money down, had pmi on a house they clearly couldn't afford, credit default swapped their credit cards to buy a new big screen tv, all to keep up with the joneses and then walked away from it all because hell they had no equity and nothing to lose and left the bank with a bunch of worthless crap the couldn't sell to recoup the defaulted loan.


Ahhhh, thanks for letting me get that off my chest

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