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alstry (35.71)

If you are rich or retired right now......

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September 19, 2010 – Comments (6)

YOU WON'T BE MUCH LONGER......

Basically every major entity in America is broke including cities, counties, states, pension funds, and many businesses.

Expect the concept of private property to end as you know it......

Don't fret, it is simply a cycle........during a Monarchy, the king had divine right to the land and most forms of property....in communism, it was the state.......

We have had a pretty good run with capitalism and it is now coming to an end.....few really believe anything coming from government anymore and the fear to speak up is at unprecedented levels.  Our laws have been emasculated as we bail out only a small section of the Economy and let the rest fail.

The primary reason why most things function right now is they have access to credit while those that get cut off from borrowing die.  Public homebuilders get to borrow hundreds of millions of dollars to pay their executives massive salaries even though they lose money each quarter yet private homebuiders can't borrow a dime and shut down.  Detroit denerates into a city of decay because it can't borrow yet the suburbs surrounding DC thrive because the Federal Government is borrowing trillions.

Now the question is who or what is going to get cut off of credit next as we proceed into the Digital Age and the bailed out bankers get HUGE bonuses with your money and pay you nothing to save.

6 Comments – Post Your Own

#1) On September 19, 2010 at 2:40 PM, sawchain (< 20) wrote:

Capitalism is the natural state; the default.  Take a random group of people, stick them on a desert island, and their method of trade will be capitalism.  It's only after some less-productive idiot tries to "fix" the system that things go south.  Quit mucking with the natural order.  Capitalism is the natural order.

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#2) On September 19, 2010 at 3:04 PM, Acesnyper (36.07) wrote:

While I greatly worry about the state of the economy and the "rights" the fed takes to "fix" the problem.

I think this post is a bit sensationalized.

 It's not like if this does happen it'll be tomorrow, you can argue this time is the start of an event. That much I can agree with.

 One major factor we have that many others didn't to stop this is we still can freely vote (so if we do it's "our" own fault) and the 2nd amendment.  

 

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#3) On September 19, 2010 at 3:56 PM, alstry (35.71) wrote:

Actually, slavery is the natural state...both in nature and with man.  Survival of the fittest.

There is nothing sensational about this post...if anything it is conservtive in its approach.  Nothing in the history of the world has been permitted to run a Trillion dollar plus deficit or its equivelent without initiating a major war to defend such behavior.....and now the deficit seems to have no end and growing.

Ask yourself...what is the nature of a society that only those with access to credit survive and such access is NOT based on merit but rather association.....

Welcome to the Digital Age.....there will be no retirement or wealth unless you are properly associated.

It will be interesting to see what gets cut off of credit next....based on the Institute of Alstrynomics' research, it is healthcare and education in the traditional delivery format.

You should expect no less than 5-10 million Americans to lose their jobs over the next few years in these two areas alone....we have already lost well over one million.

It is not a question of whether Alstry is right....the outcome is a mathematical certainty....citizens are jointly and severally liable for their governments' obligations....and the government is broke absent access to credit.

Those who can borrow have the gold now......and my guess is gold will be functionally confiscated soon.....or at least in the not too distant future.

 

 

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#4) On September 19, 2010 at 6:02 PM, jesusfreakinco (29.59) wrote:

Al,

 Those that protect their wealth in Gold and Silver will not be broke.  All others will see their wealth slowly evaporate, then perhaps disintegrate overnight when/if the USD collapses.  Hope for a slow bleed...

Look at a 1Y, 2Y, 5Y, or 10Y chart.  When you gonna believe?

JFC

 

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#5) On September 19, 2010 at 7:00 PM, alstry (35.71) wrote:

JFC.....

You may be right or you may be wrong....gold worked well in an analog age.......

How hard would it be to simply say transacting in gold is illegal?  Heck cocaine has a greater utiltarian value, more valuble on a per ounce basis, easier to transport, yet most don't go down that path and use it as currency.  Saffron is even a clearer example.

We are entering into a new age....could you imagine telling someone in 1900 that the horse will no longer be the means of transportation in less than 30 years.....

You only reference a 10y or 20y chart....the horse was around for thousands of years.

Again, you may or may not be right....it is simply now at the discretion of bankers and government what is the currency of the digital age....my guess is it will be a digital currency that few are contemplating right now changing the nature and make up of wealth around the world.

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#6) On September 19, 2010 at 8:37 PM, tomatoflu (< 20) wrote:

The TomatoFluFrom Australia.

It is bleedingly obvious that the reason pensions will be extinct for people who work, is because currently, the best place to be on a pension if you are a "Bank" is in the US.

Forget whales, and dolphins. You guys are all about saving banks, and international banking consortiums.

In no other country do Banks have greater rights.

Heck, if i was a Bank, i would want to retire in the USA.

 

 

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