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Varchild2008 (84.50)

If the FED Gov. Collapsed, DOW would skyrocket up!

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August 23, 2009 – Comments (3) | RELATED TICKERS: FIZZ

(THEORY)  The day the Federal Government *finally* goes Bankrupt is in my opinion the day the Market, DOW, Nasdaq, S&P 500 would skyrocket up.   I mean aren't people just a bit tired of all of these relentless Spending Scenarios the Government is throwing at us day in and day out?

1) Cash for Clunkers

2) Cash for Dishwashers

3) Cash for Air Conditioners and Furnaces / Heaters

4) Cash for Caskets

5) Cash for Wild Horses   (eerraaaaaaah   horsy noises: Errrraaah)

Hey.. I'll pitch in some CASH for Federal Government Bankruptcy...  
I already bought a large Red Wine Bottle to celebrate with.

With the federal Government Bankrupt that would mean Americans depending on themselves to succeed and whenever Americans are forced to depend on themselves instead of the next FED bailout, that is when we will turn this economy around in a hurry.  You want to see Job Creation? 

1)  How about businesses no longer having to FORK over $100,000 - $1,000,000  a year on Lobbying?

2)  How about businesses no longer having to hire lawyers to fend off E.P.A. and other Government organizations sticking their noses in places where it doesn't belong????

3)  Want to see Job Creation?   The day the Federal Government goes BUST is the day our TAXES go (Federally) go to ZERO, ZIP, NADA.   How many jobs ya think will be created when SMALL BUSINESS suffering under an 85% Taxation Rate (when you combine all forms of taxation) to an overnight plunge of around 30% or less??  Where only STATE/County/City taxes matter?

Rrrrriiiggghhhtttt....  So.... The next time anyone wonders how much the Stock Market will plunge if the WORST CASE SCENARIO happens to our precious Federal Government, I will scoff and laugh and point out all of the advantages for Businesses that will happen on that day.

So, I can't wait for that to happen.  Maybe our MESSIAH  Pres. Barack Obama will make it happen when he comes back from Martha's Garden?

P.S.  I am strongly recommending (FIZZ).  They report earnings soon.

3 Comments – Post Your Own

#1) On August 23, 2009 at 12:38 PM, alstry (36.32) wrote:

If the Government goes bankrupt, the more likely scenario is the governments creditors own everything you have.

You obviously are not familiar with the legal concept joint and several liability.  Just as it applies in war, it applies in economics.  Every American citizen is responsible for the debts its nation incurs.....together and individually.

If America goes bankrupt, the creditors own America.....not the citizens.

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#2) On August 23, 2009 at 2:39 PM, Varchild2008 (84.50) wrote:

Sure, that is a scenario that may happen.  But, I contest that America has never had to face a Federal Bankruptcy in U.S. History except ONCE.

Well, I haven't checked the facts... But I believe J.P. Morgan Chase forked over cash to bail out the Federal Government back in the 1800s. 

Not every American will be on the hook to bail out the government.  That didn't happen in the 1800s and I don't think it will happen now.  Even with all of the Federal Mandates.

Besides, the Federal Government taking over everything would spark a CIVIL WAR faster than you can call up your local Arms dealer.

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#3) On August 24, 2009 at 10:54 AM, leohaas (31.21) wrote:

If the government collapses, the US of A would seize to exist. I hope you have built that bunker, and stashed it with canned food, water, fuel, guns, and plenty of ammo. Total chaos will rule, including the "right of the strongest." That means the whole concept of property is gone...

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