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alstry (35.64)

How Will It End My Friends????

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December 17, 2009 – Comments (8)

Our politicians shoveling trillions of dollars to their banker buddies.....the bankers handing back millions to politicians as a millions of Americans are losing their jobs and getting kicked out of their homes.

Taxes are going up even though incomes and asset values are declining.  We are told the economy is improving even though tax receipts are evaporting.

We have a record number living in poverty in America today and small business is suffering like never before.  Tighter access to credit and higher interest rates confronts citizens while insolvent bankers get all the money they want for free as they give themselves unprecedented bonuses.

Many of the S&P companies are employing aggressive accounting tricks potentially misleading investors and giving their executives fantastic salaries for potentially illusory results.

Our society is now simply functioning on our nation running a $2 trillion dollar deficit.....that money funds welfare, healthcare, unemployment, food stamps and the salaries of the over 20,000,000 workers employed by government.....not to mention the revenues of many of our public companies.

Americans are finally beginning to wake up and realize most are on the wrong side of a Ponzi scheme.....even governor Tiim Pawlenty acknowledged this in a speech in N.H last night.

You can only kick Americans for so long......before Americans, and the rest of the world, start to kick back.

1.01.10.....When enough is enough.

8 Comments – Post Your Own

#1) On December 17, 2009 at 9:41 AM, alasker (< 20) wrote:

I think the first thing we are beginning to see globally is that the there will be a difficult time refinancing debts or being able to get new debt to pay the interest on the old debt. Soveriegn countries, states, counties, cities, public companies are all competing for a shrinking income pie to buy their bonds. It is going to get very competative as people hunker down further. In terms of equities- many publically traded firms will try to finance their debt with equity offerings- but will only dilute existing shareholders.

I think we will return to the past- things will stabilize and 10-12% unemployment will be the norm, interest rates will be 8-12%, inflation will be high for a while than stabilize. Housing prices will drop to 2-3x income, maybe farther because fewer people will be able to afford housing, mortgage rates will be higher, and property taxes will increase.

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#2) On December 17, 2009 at 10:29 AM, Evlampius (< 20) wrote:

how about 1.01.10....when i realize i've been wrong all along and drink my kool-aid and shut the hell up ?  How's that for your ending?

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#3) On December 17, 2009 at 10:51 AM, Starfirenv (< 20) wrote:

Yea- what E said. .10

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#4) On December 17, 2009 at 11:51 AM, alasker (< 20) wrote:

Could be generation warfare. Older generations who feel they worked and paid into a system their whole lives and are entitled to are retirement. A younger generation who are working two jobs just to pay rent who will be increasingly resentful of having to pay more so the older generation can get their entitlements.

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#5) On December 17, 2009 at 12:11 PM, mawnck (< 20) wrote:

>>You can only kick Americans for so long......before Americans, and the rest of the world, start to kick back.<<

Don't be silly. That would take too much time away from the ol' X-Box.

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#6) On December 17, 2009 at 12:24 PM, FreundInvesting (29.53) wrote:

Alstry, when 1/1/10 comes and you're wrong again, when's the next date? I'm updating my calendar right now and just wanted to know.

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#7) On December 17, 2009 at 12:25 PM, 4everlost (29.55) wrote:

I rec Alstry's posts 'cause I know it irritates the Alstrybators :-)

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#8) On December 17, 2009 at 2:36 PM, USNHR (32.43) wrote:

12/12/12

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