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alstry (36.12)

Government Sponsored Fraud....

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6

November 02, 2010 – Comments (3)

It is getting clearer and clearer......

"President George W. Bush has bestowed on his intelligence czar, John Negroponte, broad authority, in the name of national security, to excuse publicly traded companies from their usual accounting and securities-disclosure obligations."

http://www.zerohedge.com/article/fraud-started-very-top-government-leaders

NOW YOU CAN'T TRUST THE SALES, OR EARNINGS, OR ............

So how many of you are planning for "retirement?".......

IT IS NOT THE END OF THE WORLD......JUST THE BIGGEST FUC*ING FRAUD YOU HAVE EVER SEEN IN YOUR LIFE......OR THE HISTORY OF AMERICA FOR THAT MATTER......

3 Comments – Post Your Own

#1) On November 02, 2010 at 5:27 PM, alasker (< 20) wrote:

Hey alstry-

Just curious- where is the money coming from that we are spending? Do you think it is from our retirement accounts  (401K's), money market accounts, or loans taken that pay large interest payments to large banks or something else?

 

 

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#2) On November 02, 2010 at 5:42 PM, alstry (36.12) wrote:

We currently have record hardship withdrawels from 401Ks.....so yes that is one area....

In your case and the rest of the health care industry, which just happens to be about 1/5 of the GDP.....primarily from Medicaid/care and government employee health insurance.....which comes from the government borrowing the money from insolvent banks......

Our military is spending a boatload of money from our government deficit......

So are the 50,000,000 people receiving Food Stamps, 20,000,000 getting unemployment.....and 60,000,000 on Social Security

IF YOU JUST ADD UP THE ABOVE.....IT IS A LOT OF SPENDING FROM BORROWED MONEY THAT REALLY DOESN'T EXIST.......BUT SO LONG AS WE CAN PRINT.....WE CAN SPEND......

and the above spending drives much of the spending for the rest of the economy....

WHICH IF YOU SIT BACK AND THINK ABOUT IT......MUCH OF IT ORIGINATES FROM A FRAUD AND NOT PRODUCTION ANYMORE....

My purpose for blogging is documenting and setting the foundation when the fraud is eventually exposed.....as all frauds are....

whether it was the dot.com fraud......housing fraud......tulip fraud......etc....

where this will get interesting is this fraud is driving up commodity inflation.......our nation is a massive service based economy with relatively little benefiting from the commodity inflation.....

as a greater and greater percentage of GDP is concentrated into the commodities...there will be less and less money for the rest of our economy including health care, housing, finance, insurance, etc......some people call this the FIRE economy.

Many people make the mistake of thinking that inflation will cause home prices to rise....this is dead wrong......you will soon see why....as very soon as more and more will be unable to buy food and pay their mortgage due to falling wages and rising commodity prices.

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#3) On November 02, 2010 at 7:05 PM, alstry (36.12) wrote:

London braces for 3rd subway strike over job cuts

Greece suspends mail to check for bombs: AP

'Hated' Sarkozy fears assassination amid strikes and protests across France

Tribune creditor group alleges fraud in 2007 deal

Social Security Administration Admits To Massive Screw Up On Wage Data: Two People Cause Entire US Income Distribution To Shift Materially in 2009

Irish Bond Yields at All Time High; One Month Away From a Bailout; Pessimism Bubble "Faith-Based" Cure

FRAUD....BANKRUPTCY....TERROR.....STRIKES...PROTESTS....SOCIAL UNREST......WAR......wait, the market was up today.....whew!!!!

Time for a break......my son has hockey tryouts tonight.....my daughter doesn't skate until the weekend.

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