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alstry (35.46)

GDP Grows 3.2%......Government Borrowing 15% of GDP

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April 30, 2010 – Comments (8)

Hmmmmm?

If government is not borrowing.....we are in a MASSIVE depression.  Where is this money coming from???

Alstrymous would personally like to thank every American who lent money to Wall Street and Washington to keep Politicians and over paid Wall Street exectutives in their jobs.  My guess is their kids would like to thank you as well....especially those that got brand new automobiles for graduation....especially the ones that got cars named by numbers or end in "i"

And for those of you millions who have been unemployed for over 99 weeks and are losing your unemployment benefits......may I suggest you become a politician or Wall Street executive....when your time runs out.....you get a massive exit package on the taxpayers backs.

It appears this casino is coming to an end...I suggest you read Charlie Munger's recent writings....he is one of the few sane people left.

Whooops.....I forgot I was not blogging until 5/5/10.....but I guess just like subprime was contained.....Goldman was doing God's work.....housing is at a bottom......and now Greece is contained????

Welcome to the Digital Age.......where the worlds' governments collapse and the only thing big enough to bail them out is the World.  Anyone see where this is going yet.....see ya on 5/5/10.....where knowlege is wealth.

8 Comments – Post Your Own

#1) On April 30, 2010 at 9:03 AM, johnmaze3010 (< 20) wrote:


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#2) On April 30, 2010 at 9:11 AM, alstry (35.46) wrote:

It is obvious from your post, you are clueless about the implications of the health plan....trust me on this one.

As far as your perception.....do you think money grows on trees?....because if it does.....your money is worthless in a few months.

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#3) On April 30, 2010 at 9:26 AM, alstry (35.46) wrote:

Take a look at DHI, homebuilder DH Horton, profits and cash flow....it all came from an over $400 million dollar tax rebate check from the government.

My guess is those exectutives are slapping themselves with high fives on what a great quarter they had....plus a few nice bonuses as well.

Wouldn't it be nice if every American business got a $400 million dollar check from government this quarter...then every business owner in America would be slapping themselves silly.....not to mention a much higher growth in GDP and lower unemployment rate.

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#4) On April 30, 2010 at 9:27 AM, ralphmachio (24.87) wrote:

An economic prediction, at last! The dollar won't be worth anything in a few months? What is a few? I'm guessing the opposite. In a few months the dollar will probably hit a hot streak as Europe falls to the ground. I'd give the dollar collapse a year, at least, to begin.

In economic down turns, the value of the dollar is all that goes up. Everything else usually loses value. They would literally have to fly around in planes dumping money in order to get inflation, and that is directly opposed to their policy of extracting cash from the people. Uncle Sam might have an inflation problem if he could reduce the gauge of his blood funnel.  

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#5) On April 30, 2010 at 12:13 PM, russiangambit (29.27) wrote:

It is a ponzi scheme, really. Borrow money and induce  government created growth on the economy. However, there is a lot of inefficieny in the processes and resources get lost. In effect, at the end we get less than we invest, this kind of game cannot continue forever. At some point you cannot borrow anylonger at reasonable terms. I give this ponzi 2-3 years to completely unravel. 

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#6) On April 30, 2010 at 3:04 PM, alasker (< 20) wrote:

Hey Alstry:

Am I correct in thinking that with social security cash flow negative- and being that there are only promissary treasuries in the fund- will the US have to borrow money to pay the difference between inflows and outflows? i guess that is the debt snowball since you keep having to borrow for present benfits and also borrow to pay the rollover for the benefits you paid in the past.

I get the basic theory of money i learned in college- but the federal reserve/ treasury system sometimes makes me scratch my head. instead of dollars- which are federal reservce notes- maybe we will pay for our starbucks with treasury notes since its kind of hard for the banks to sell them back to the government (open a checking account get a $10,000 treasury note). The notational debts seem like slavery in the sense that you are garaunteeing someone else's future labor to generate economic activity to pay the note.

- Adam

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#7) On April 30, 2010 at 3:09 PM, alasker (< 20) wrote:

more ironic would be take out second mortgage and the bank gives you an nice toaster and $1,000 in mortgage backed secuties.

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#8) On April 30, 2010 at 3:14 PM, jason2713 (< 20) wrote:

Did you guys notice NBG and ABX?  I did well this week :)

I was sweating NGB tuesday as I bought pretty heavily. I went with my gut, figured it would be politics as usual, and Greece would be bailed out.

Well here I am 25% up, and I feel this is going to continue to climb to at least $4.

 

Meh...what do I know.  Politics vs wall street, sometimes they go hand in hand.  Or is that always?

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