For The Rich Fools Only....
April 26, 2010
– Comments (18)
If you are poor....this really doesn't apply right now because you do not have very far to fall.
UPDATE:
Right now government are borrowing and taking about $4 trillion dollars per year from your retirement/investment accounts to maintain our economy functioning. The economy is now being driven from Government and Wall Street borrowing and NOT productivity.....just like housing construction and the boom was driven by reckless lending and not really true demand based on a productive economy.
At the same time...and this is key....the private economy is being cut off from access to credit and those with access really have little need to borrow.
As a result, we are now in the final stages of Zombulation as the private economy...which used to be the majority of our economy as we knew it....is shutting down and the government and Wall Street economy is functioning due to siphoning money from your investment/retirement accounts......NOT BECAUSE OF TAX RECEIPTS or REVENUES GENERATED.
Most Fools think it is foreign nations that finance our collective debt.....NOPE!!! it is Americans who primarily finance Aemrica's debt through pension plans/retirement accounts/and investment accounts.
America and Wall Street are running down to the end of our savings.....and if they simply print money to maintain the charade.......our money will be worthless.
Right now inflation is in check because we have massive deflation in the private economy offset by inflation in the public/Wall Street economy. But we will be soon reaching the Z point...where it becomes impossible to borrow money from our retirement accounts any further and a choice will have to be made.....
Worthless currency where everyone is broke........or purge/restructure the debt putting our nation into a massive depression.
Since we are now at about the Z point.....Alstrymous blogging will focus on how we will enter the digital age....which is consistent with the new dot.com I am starting.
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