Use access key #2 to skip to page content.

alstry (35.87)

God Bless President Obama

Recs

8

June 30, 2010 – Comments (7)

Our nation is bankrupt......

The bankers are cutting off the private sector, cities, counties, and states from credit.....

Government is approaching a $2 trillion dollar deficit.....

Over 2/3 of the population depends in government spending to consume......and many of the remaining 1/3 depend on the 2/3 spending to consume.......

AND AMERICA NOW HAS MORE NON PRODUCING CITIZENS THEN EVER IN ITS HISTORY.....ALL WANTING TO CONSUME

More and more nations are starting to push back against accepting the dollar in exchange for their production.....many nations whose citizens are starving as our citizens consume.......

If these nations don't accept our currency......they will take away our FREEDOMS to consume.....what will a leader do?

How does President Obama tell his citizens their nation is bankrupt?.....the life as they know it is over......and most of the investments and assets they hold really are not worth very much if we only consume in comparable amounts to our production......can you imagine how distressed the population will become to learn that their consumption was simply based on government borrowing and spending massive amounts of money...........that others accepted in exchange for production.

Do you think President Obama has the jewels to face the wrath of his own citizens.....

OR

Armed with 750 military bases in about 150 countries.....do we force others to accept our currency in exchange for their production?  After all, if they don't accept dollars for production, they will be essentially terrorists wanting to take away our freedom....and all we have to do is print them to basically get whatever we want.

Just look at government today...even though we don't pay much in taxes anymore...government can still spend trillions....even as production collapses.........UNTIL NO ONE IS WILLING TO ACCEPT OUR DOLLARS ANYMORE......as our beaches get covered in oil, cities shut down, and businesses close because the few select bankers we just bailed out are cutting us off of credit.

When few will accept our money for their production.....our only option at that point will be to force them to accept our dollars.......and if they refuse.......they will be terrorists trying to take away our freedom.  The problem comes in if more and more refuse.....how many can we force?......and how many are we willing to fight to protect our freedom to consume the world's production even though we don't produce relatively that much any more.

It is interesting when we in America are the ones holding the gun......and forcing others to take our paper in exchange for what they have produced.........it is simply the law of the gun.

Unfortunately....history has not favored the gun slinger for over periods of time.....

Soon our President will be forced to make a choice....force or restructure....let's all hope it is the right one.

7 Comments – Post Your Own

#1) On June 30, 2010 at 10:44 PM, alstry (35.87) wrote:

Putin Rips U.S. Over Spy Arrests...

DEBT SOARS TO HIGHEST LEVEL SINCE WWII...

PRIVATE SECTOR SEES WEAKER JUNE JOBS...

Sputtering...

Dow Loses 10% in Q2...

Biden Compares Republicans to Nazis...

Venezuela govt to seize 11 US-owned oil rigs... Report this comment
#2) On June 30, 2010 at 11:05 PM, alstry (35.87) wrote:

IN WAR...ALL CONTRACTS ARE VOID.......AND SO ARE ECONOMIC FORECASTS.....DURING THIS SO CALLED RECOVERY

More California School Districts on the Financial Brink 

Arizona Boycott May Cause Local Layoffs

Downtown Baltimore Office Vacancies Surpass 20% 

One in 8 Hawaii Home Sales in Foreclosure 

Paul Krugman Throws in Towel, Says We are Heading Toward Depression

US State Budget Crisis Threatens Social Fabric

WE JUST CAN'T STOP CONSUMING.....

Tolls Rise 25% on Most Bay Area Bridges Ca

Gov. Paterson NY Proposes Rise in Unemployment Benefits next year 

Speeders: Prepare to Pay More in Iowa

Texas Poor Say "No More"

University of Memphis to Increase Tuition 5% 

 

 

Report this comment
#3) On July 01, 2010 at 1:02 AM, oshiri (< 20) wrote:

But Rev. Wright said, "Goddamn American." You need to balance that Sempai. Anyway . . .

You know, it's time for China to think about filling the American role worldwide. To use a popular BS congressional phrase, "as we stand down, they stand up."

Blood-and-treasure have no immediate impact on anyone in America as it did in WWII. As such, the actions in Iraq and Afghanistan are but nuisances to the sheep.

Fine.

So why not just start a worldwide pull out of America support and American forces? Think Britain and France after WWII. What will happen when the bankers and politician finally realize that the Thule Air Base in Greenland simply doesn't make financial sense.

What happens when we withdraw financial support and personnel from RAF Fylingdales in the UK or Spangdahlem Air Base in Germany?

Who will fill the personnel and financial vacuums from Okinawa to Djibouti?

You want to create economic reality, take away the slush fund from all these nations where we have troops and equipment overseas.

I for one am all for the "People's" Republic of China attempting to fill-in for us. We did that for France and got Vietnam. We did that for Britain, and we got the never-ending Israel/Palestinian money pit.

China can take over for us and inherit what, Afghanistan? Keep in mind they have their own restive Muslim in Xinjiang.

Don't take over someone else's production, simply slash or give away your commitments. It's kinda like what government is currently doing to the retirees. Why not make it global?

Report this comment
#4) On July 01, 2010 at 1:13 AM, alstry (35.87) wrote:

OSHI,

As the Industrial Age collapses, so does production.....but populations remain the same or increasing.  With less supply, and static and growing demand.......we have a output shortage.

That is when people start acting goofy.......we have more and more chasing less and less production.......

At some point, production will get so low that the states around the world will simply regulate or nationalize most of the production.....or else they will force others to hand over their production.

Venezuela govt to seize 11 US-owned oil rigs...

Report this comment
#5) On July 01, 2010 at 1:27 AM, oshiri (< 20) wrote:

Think BRICs . . .

Each is feeling their oats. Comrade Chavez has not made a friend of Brazil -- they've actually nationalize quite a few Brazilian owned buisnesses. Russia, India, and China each have their own near-and-far problems.

But if one really looks at where U.S. bases are around the world, very few can be justified as, um, productive.

Let us simply walk-away from our promises international, just as we are doing domestically. Will Europe, Japan, or South Korea collapse if we leave?

Keep in mind that besides the U.S., China is the most important partner for Pakistan. The PRC can be forced to play the "Great Game" if we simply take our marbles and go home. They have more local skin in the game in central Asia than we do.

Yes, I agree, "production will get so low that the states around the world will simply regulate or nationalize most of the production." This is the classic European model, and it will be happening again over the next couple years. The only question I raise is, why not leave them to their own devices?

Report this comment
#6) On July 01, 2010 at 7:50 AM, alstry (35.87) wrote:

Oshi,

Your analysis and conclusion seems rational.  But can our Nation stop consuming?

Isn't that our Freedom and Right?

Or will we restructure and face the consequences....very austere consequences?

Over 1.3 million laid-off workers won't get benefits restored

 

Report this comment
#7) On July 01, 2010 at 8:21 AM, alstry (35.87) wrote:

http://finance.yahoo.com/news/13-million-unemployed-wont-apf-23988520.html?x=0&sec=topStories&pos=4&asset=&ccode=

Sorry...bad link above.

In addition to 1.3 million families losing unemployment benefits, and additional 200,000 per week will lose benefits going forward.  Many families depend on those benefits to consume and many businesses depend on those benefits for revenues.

The problem is the only way we can keep consuming is if we take others production.....and the only ways to take others production is with our money/production or force them to hand over production.

If we consume at comparable levels to production, then others will gladly take our money/production.....if we consume much more than we produce, then few will voluntarily accept our money.

It is the fact that we keep being told there is a recovery that should be unsettling....because the only way I can see a recovery right now, with credit being cut off to the private sector, is consuming massively more than we produce.

Report this comment

Featured Broker Partners


Advertisement