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alstry (35.42)

How Could YOU Do It To Our Kids...

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September 17, 2010 – Comments (8)

What you sheep don't understand is that really practically nothing "QUALIFIES" for a loan anymore...

NOT GOVERNMENT,

NOT BUSINESS,

NOT INDIVIDUALS.

Based on historicial and fundemental metrixes.....essentially nobody should be getting credit.

The PROBLEM arises when only a few get credit, and those few are getting credit not based on merit, but by the whim and fancy of Wall Street and Washington.

Why does an insolvent Wall Street bank or company get credit for free and not a local bank or business?

Why have most of the private homebuilders gone bankrupt yet most of the public ones remain?

Basically, there is NO demcracy or freedom in a system like this......we have essentially become the slaves of Wall Street and Washington.  If Wall Street chooses to give your city credit, it flourishes, if not, it dies.

It is a shame...we were once a great nation with a rich history.  We were created on the priciples of freedom.  Our identity was wrapped around freedom.  But most of you simply didn't care that your freedoms were taken away....as long as there was a ticker to look at and you perceived you were insulated from the metamorphosis.

Osama Bin Laden only dreams about the power Ben Bin Bernanke has over you...and his ability to take away your freedoms.  By giving unilateral authority to one to determine who gets credit and who doesn't, there is no freedom.  Without freedom, there is nothing.  There is no foundation. Your perceived wealth is illusory simply ripe for the picking whenever your politicians or bankers want to take it.

There is no democracy anymore in America...we have simily evolved into a society who exists at the whim of Wall Street and Washington to determine who gets credit and who doesn't.  Tesla gets credit, GM doesn't....UNTIL after all GMs shareholders and bondholders are wiped out?  

The questions going forward are not which company is better....it is which company survives, and which doesn't.  Which pension fund gets saved and which doesn't.  Which city is supported and which is not....which family gets thrown out on the streets and which doesn't.

That is the analysis we should be doing on Motley Fool........who are the "chosen ones" and who are not.....as Wall Street bankers bask in bonuses after getting credit.....and main street banks shut down.

We were too lazy to think.  Too scared to act.  And now our children have nothing.....we gave up our freedom to succeed and fail.....THE MOST IMPORTANT FREEDOM OF ALL.....and without freedom, our children have nothing.

Now let's see who Wall Street and Washington choose to give credit and who they choose to die.

The choices is theirs.....not yours anymore.....and you just didin't care.......and now our kids have no choice.

8 Comments – Post Your Own

#1) On September 17, 2010 at 9:31 AM, JerseyShoreGirl (< 20) wrote:

Such strange times we live in .. this unraveling of our nation is being done in slow motion .. by design, so the masses barely notice (because we're conditioned to look to the ticker as 'the' guage of econ health) until it's too late and our economy and way of life has already been shipped overseas ..

Alstry, sometimes the conclusions you predict seem extreme but I think it's just that you're a little ahead of your time .. you can see the impact all of this will have on our future .. 'fast forwarding' us into the future based on what's happening in the present.

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#2) On September 17, 2010 at 10:12 AM, alstry (35.42) wrote:

Alstry was always ahead of his time.....

Alstrymous will guide you into the Digital Age as the Industrial Age shuts down......

We are simply reverse engineering the "fictional" book Atlas Shrugged.  It should be mandatory reading for every high school senior and a class should be devoted to it.

It was the single most influential book on Alan Greenspan's life....which explains a lot.

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#3) On September 17, 2010 at 1:00 PM, tomatoflu (< 20) wrote:

"Fast forward" is right.

If the poor kid in this video by GreenPeice  Looked like he might have been zombulated. Ahem.  This one might be better from TheJuiceMedia

Global Warning...... It is the prolific emission of "debt" by banks in general that is causing incineration and warning to the current financial system.

Which is currently in a prollific, imploding, deflationary spiral for "main street".

What quadrupeds  are not told above all  the concurrent bleating , is that  as the "principal" of the loan is paid, money is uncreated. Or destroyed.

(As loans are retired, Fiat (Originally created out of debt [The promise to pay.] to pay for a car for example) is removed from the money supply,------and does not return unless another loan is made, which again only creates the Principal of the loan in any case,------ and not "the additional Fiat" to service interest; which Alstry has pointed out allready many times...And others that i have heard/seen like Alstrynomical beacons in the night.)

A quote from an interesting peace of news caught my eye.

Mr. Baker is a Conservative member of the British Parliament for Wycombe.

"Today I will be supporting my colleague Douglas Carswell, member of Parliament for Clacton, as he introduces a bill to phase out fractional reserve banking. Our friends in the U.S. and Europe are watching closely, for the same crony capitalism afflicts the world."

Latest mAx and stAcy episode....

This time Max Keiser and co-host, Stacy Herbert, look at the scandals of the 'living' dead centenarians collecting pensions in Japan Report this comment
#4) On September 17, 2010 at 4:22 PM, JerseyShoreGirl (< 20) wrote:

US homes lost to foreclosure up 25 pct on year

http://finance.yahoo.com/news/US-homes-lost-to-foreclosure-apf-1876677328.html?x=0

From the tone in some of the 2,300+ comments made in response to the above story, the sheople are waking up. 

 

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#5) On September 17, 2010 at 4:26 PM, alasker (< 20) wrote:

Hey Alstry:

I wonder what middle class people work for these days. By the time to factor federal/ state/ county/ local/ property taxes- plus sales taxes and utilities- if the average american family has a net income of $50,000 I bet they only see 40% of it. Makes you wonder why we donate so much of our life to our govenment. Probably because there is the threat of force if we didnt.  

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#6) On September 17, 2010 at 5:03 PM, alasker (< 20) wrote:

I guess healthcare is a tax too in a way- so if you add that cost into your other taxes listed above- a person's labor is already been directed for him/ her.

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#7) On September 17, 2010 at 8:27 PM, JerseyShoreGirl (< 20) wrote:

The Story of Your Enslavement ...

http://www.youtube.com/watch?v=Xbp6umQT58A

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#8) On September 17, 2010 at 8:43 PM, JerseyShoreGirl (< 20) wrote:

Must Read ...

THOSE WHO KNOW WILL UNDERSTAND

Submitted by JR Nyquist on Fri, 17 Sep 2010

http://financialsense.com/contributors/jr-nyquist/those-who-know-will-understand

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