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alstry (35.17)

How much longer?

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August 16, 2010 – Comments (2)

Just like before 2007, our economy was dependent on homeowners and private investors borrowing and spending trillions of dollars per year they didn't have........after 2007, or economy and sales is based on Washington and Wall Street borrowing and spending trillions of dollars they don't have......

When we loaned the money FIRST to the private sector, the loans generated lots of spending, sales, incomes and taxes......

When Wall Street cut off the private sector, sales and taxes evaporated......

Conditions stabablized, AT MUCH LOWER LEVELS, as Washington and Wall Street started borrowing trillions of dollars......

NOW THE ONLY QUESTION IS HOW MUCH LONGER CAN WASHINGTON AND WALL STREET BORROW TRILLIONS OF DOLLARS PER YEAR AS THE PRIVATE SECTOR CONTINUES TO GET CUT OFF OF CREDIT?

Just like the homeowner borrowing was the primary driver of our economy before 2007.......Washington and our politicians are the driver today.......now the key question is for how long?

IF WASHINGTON STOPS BORROWING AND SPENDING.....THE WORLD AS WE KNOW IT IS OVER........

There is a more fundemental Constitutional question for those that care to think......should Washington be able to borrow money in essentially unlimited quanities when many of its citizens are failing and tax receipts have evaporated because they have been cut off?

Think about the implications when government can borrow unlimited amounts and the citizens are limited..........hmmmmmmm

2 Comments – Post Your Own

#1) On August 16, 2010 at 11:38 AM, oshiri (< 20) wrote:

Sempai . . .

     Photoman and I went to a reunion. Everyone I talked to, including a milfy realtor, had no idea what to do with their money. I told them that it really doesn't matter anyway, its all been decided for them already.

     Sheep simply awaiting slaughter with no knowledge of what lies ahead.

     There is also wide-spread disbelief among my former classmates that most jobs, including teacher's, will be replaced by computers. You should have seen the looks on some of their faces when I asked them to think about how much it costs to fund the salary, benefits, and pensions of teachers vs simply automating education on a tablet PC.

Baaaaaaah. 

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#2) On August 16, 2010 at 7:16 PM, BuntyCalls (< 20) wrote:

The digital age you keeping prophosising started about 15 years ago, way to have you finger on the pulse of technology.

Also you must LOVE it, otherwise you would have to stand outside in all weather with your End is Nigh sandwich board and your tin foil hat. Now you can spew your ill-informed verbal diarrhea from the comfort of your own home. 

btw commenting on your own posts is a little passe or perhaps it because the only people that comment now seem to be RL friends?

 Isn't the digital age wonderful I no longer have to go out on the streets to laugh at the lunatics!

Keep posting and I will keep laughing!  

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