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alstry (36.10)

Finally Alstry's Predictions Are Coming True

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July 13, 2010 – Comments (6)

Isn't it amazing, Americans bailed out Wall Street and now Wall Street is shutting down America. 

Three years ago....Alstry promised America's economy as you knew it would shut down if Wall Street cut off credit to small business and the consumer.....

At the time, small business was responsible for 50% of American employment and consumer spending was responsible for over 2/3 of the economy......

Without free flowing credit the consumer would stop consuming and small business would collapse.  Such a collapse would be followed by a collapse of the banking sector followed by a collapase of state and local government due to evaporating tax receipts.

Now nearly every city, county state, and pension fund is on the brink of insolvency.   Practically every hospital in America if firing workers and scaling back....so are most school districts......not to mention most cities, counties and states including police departments and firefighters.

Our college graduates can't find jobs......over 40 million familes are now dependent on food stamps to eat....50 million dependent on social security......and over 15 million on unemployment........

NEVER BEFORE IN AMERICAN HISTORY HAVE SO MANY BEEN DEPENDENT ON GOVERNMENT SPENDING TO CONSUME AND THE ECONOMY IS STILL COLLAPSING...

All of the above while government is running a massive deficit in an attempt to stimulate the economy......

You know the game is over as our cities, counties, states, schools, hospitals start laying off millions of workers.....not to mention hundreds of thousands of postal workers.....plus countless numbers of uncounted small business people and independent contractors.

Just check out the links below as tax receipts continue to contract despite massive government deficits.......

Dade City FL - Budget Plan could = 76 Layoffs

Novant Health Inc - 48 Layoffs in Winston Salem 

New Jersey City NJ - More Layoffs Possible

Texas A&M University - 66

Nordonia Hills Schools - 14

St. Francis Health Center - 105

Newark Public Library NJ - Job Cuts, Closures 

Update: Long Beach School District CA - 357

Biolase Technology Inc - 20

Buena 911 Service NJ - 10 Possible 

Schenectady NY - Budget = 160 Layoffs / Retirement

New Jersey Turnpike Authority - 24 Possible Layoffs

Forsyth Medical Center NC - 48

Pretty soon, when few have anything to do...the only thing left to do is fight....especially if there are no police to respond....

CRIMINAL'S DELIGHT: OAKLAND COPS WON'T RESPOND TO 'MINOR' CRIMES

Now the question is how long can Obama keep handing out free money to over 100,000,000 Americans so they can consume even though the government doesn't have the money to hand out?

We will see what kind of recovery we are having when hundreds of millions of Americans can't consume....simply because Wall Street cut off credit to main street and main street bailied out Wall Street.

Why would main street have down such an idiotic thing without bailing itself out?

6 Comments – Post Your Own

#1) On July 13, 2010 at 7:30 PM, Varchild2008 (85.84) wrote:

Multinationals will hire many of these worker layoffs.

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#2) On July 13, 2010 at 7:40 PM, alstry (36.10) wrote:

Sure...multinationals are waiting in line to hire 20,000,000 fired American workers.......

When they could hire 100,000,000 foreign educated workers at less cost.

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#3) On July 13, 2010 at 7:57 PM, alstry (36.10) wrote:

There is simply no reason to hire American workers anymore with the high costs, high benefits, and decaying skills are more and more are unemployed for longer and loner periods of time.

Northrop Grumman Corp - May Close Louisiana Shipyard with 5,000 Layoffs

This is what happens when you cut off credit and ship everything overseas....excuse the pun....pretty soon the entire nation is simply dependent on the government handing it a check to consume.....

right now it is over 100,000,000.....you can add an extra 5000 from just above....how long do you think this can go on?

Lowes Closing a Metro Atlanta Georgia 

Gildan-Prewitt Fort Payne Plant - 130 Jobs Lost

Canby Grove Conference Center Ohio

Wesley College in Florence 

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#4) On July 13, 2010 at 8:56 PM, ragedmaximus (< 20) wrote:

America is like a bloated dead fish floating in a vat of oil in the gulf. Bloated govt,bloated unemployment,debt public private and govt.bloated welfare fraud,health care on and on but alcoa beat a reduced bs number by a penny whoo hoo everythings dandy cmon boys jump in there aint no great whites in this ocean just a bunch of cryin seals sayin everythings safe now lets swim and play in the markets theres nothing to worry aboougggghhhhtt owowowo argggg (great white shark chomping on the poor seals skull)............................................

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#5) On July 13, 2010 at 9:47 PM, alstry (36.10) wrote:

The question is how long will America be able to hold together as production collapses?

We now have a HUGE and growing segment of government dependent non producing retired population.....

Same with unemployed college kids.....

Same with construction workers, mortage workers, architects and lots more......

We are basically becoming a society/economy of government dependent non producing citizens spending massively as more and more production is outsourced or shut down?

The only reason we have the fantasy of a recovery is because government is borrowing money from insolvent banks and handing it to 100,000,000 non producing people to spend massively.  Almost exactly what Madoff did.....until

Is there anyone out there representing the American people anymore?

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#6) On July 19, 2010 at 5:39 AM, Calvin359 (< 20) wrote:

I dont think there will be this much big as it is mention... Soon we will have a recovery time

 ________________________

CALVIN359

 DISTANCE LEARNING

 

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