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alstry (36.24)

Is Capitalism Over???

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March 11, 2010 – Comments (4)

The Kansas City School Voted to Close 29 Schools

Right now, our capitalist system is not generating enough money for our system to function.  Government is borrowing $2 trillion dollars per year as tax receipts continue to evaporate.

Our system simply don't generate the revenues to maintain the current structure....and the more we cut wages or fire workers, the more we reduce the tax receipts to government.

US Monthly Budget Deficit Balloons

Essentially, the salaries being paid to politicians are simply the product of loans that are not available to much of the private economy they serve.  Same with many of the Wall Street bankers.  America was built on the growth of the Industrial Age and now the Industrial Age is dying as evidenced by thousands of cities across the US.

Many municipalities across America simply function as a result of direct and indirect revenues from government.....and now government is running out of money.

When approximately 2/3 of your economy is simply government consumption and health care consumption.......and those two areas are seeing revenues contract rapidly.....pretty soon, there will be very little economy left.

We are now here as CNBC is finally highlighting the fact that governments are running out of money.....the interesting part will be when most of you find out that your incomes and wealth was simply a product of government spending creating demand that only existed because of government spending.

As I said, when America is Zombulated, we are all Zombulated no matter how rich you think you are........

4 Comments – Post Your Own

#1) On March 11, 2010 at 8:53 AM, alstry (36.24) wrote:

It's coming.....

Greece hit by strikes over austerity plan

The fact that we are still foreclosing on 4 million homes per year and seeing headlines like this is amazing.....

Foreclosure rates up by smallest amount in 4 years

Can you imagine what the foreclosure rates will be when we fire millions of government workers????

Los Angeles CA - First Rounds of Layoffs Today

The Mt. Diablo school - 200 Layoff Notices

The Santa Monica-Malibu Unified School District - 61

East Valley Tribune - About 24

The Pasadena Unified School District Ca - 164

Boulder Valley School District - 24

IF GOVERNMENT ISN'T SPENDING, THERE WILL BE VERY FEW DECENT PAYING JOBS LEFT......

 

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#2) On March 11, 2010 at 10:08 AM, alstry (36.24) wrote:

It is just a matter of time.......welcome to Zombulation Nation.

Street clashes erupt in Greece over austerity measures

What happens when there simply is no money?????

No money to pay workers.....no money to pay bonds......no money to spend???

 

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#3) On March 11, 2010 at 10:44 AM, chk999 (99.97) wrote:

No.

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#4) On March 11, 2010 at 10:54 AM, alstry (36.24) wrote:

Unfortunately the evidence doesn't support No.....

Vanity Clothing Store in Helena Mall

Update: The President Casino St Louis to Close by July 1

New Era Ohio LLC - Williams County plant by Sept. - 138 Jobs Lost

Update: The Montelago Casino Closing Sunday   March 14th

The Kansas City School Voted to Close 29 Schools

USPS Olive Hurst Processing Facility

 

 

March 10 , 2010

Hollywood Video in Saratoga Spring NY

Super Max Discount Foods on West Alisal Street in Salinas CA

The Residence on Fifth Assisted Living  in Oakland Closing / Selling?

The Northern Rockies Radiation Oncology Center Montana 

The Gateway Technical College Early Childhood Lab

Update: Arlington Heights Teen Center

Roseville Elementary School and Willits Primary School in Monmouth

Leap Wireless - 27 Stores

Great Scot in Potter Village Shopping Center - 20 Jobs Affected

Genuardi's Markets in Voorhees NJ

 

 

March 9 , 2010

American Eagle Outfitters Closing All 28 Martin+Osa Clothing Stores

Ceva Logistics Closing Plainfield Indiana Plant in June

GemsTV - Local Jewelry Channel in Reno NV

Southern Family Markets stores in Huntsville and Madison AL

Maxon Furniture Inc. will close its plant in Salisbury NC - 132 Jobs Affected

The American Cancer Society - Lakeshore Area Office in Holland Michigan

Noodles by Kenichi in Aspen

Nolan Ford in Georgetown

Update: Steamers Genuine Seafood and Sam's Cafe

Garfield Elementary in Muscatine IA

Update: The Somerset Place nursing home Chicago Closing Friday?

River Pointe Country Club in Hobart IN

The Triangle Bar & Grill in Stuart

Best Buy Store in Northwest Side Milwaukee 

The Glik’s store in St. Clair Square

The Crime Lab in Moultrie

Ridge Street Coffee Co in Glens Falls NY

Shoe Sensation in Sandburg Mall

The Surfit-Stone Container Corp Closing Box Maker in Wilson

 

 

March 8 , 2010

Ingersoll Rand plant in Athens

St. Joseph School in Norwich 

St. Athanasius Catholic School in suburban  Pa

Divine Mercy Care Pharmacy in DC Area

2 Prisons in NY on List of Possible Closure - Ogdensburg and Red Creek

Walnut Hill Baptist Church

Kmart in Summit Towne Centre Erie

 

 

March 7 , 2010

China Garden restaurant in Abilene, TX

John Leidy Store in Ann Arbor Closes Today

ITT will close its Lancaster facility

Marley Farm Winery ( International )

 

 

March 6 , 2010

Kansas National Guard Armory in Winfield

Loblaw Companies Limited is closing its massive National Grocers warehouse ( International )

The Spadra Ristorante in Fullerton

Update: Footlocker Plans to Close 150 Store, But to Open 40 Others

Wilbert Plastic Services in Winthrop Iowa

The Staples store in Egg Harbor Township NJ

10th Avenue Market and Deli in Billing MT

 

 

March 5 , 2010

Busy Bee Story in Springfield MO

Ethan Allen in Clifton Park 

Mano Italian Trattoria in the Marina City

Neapco Closing Pottstown Pa Plant , Moving to Beatrice Nebraska 

Simmons First Bank National Corporation Closing 2 Region 8 Locations

C.M. Love Hardware in Huntington West Virginia 

Cre-Act School

Dish Network Customer Service Center Near Pittsburgh PA - 600 Workers Affected

Update: Commercial Metals Co. is closing its Fallon plant

Opa Locka Flightline

Update: Hilltop Yarn in Queen Anne Seattle 

Bostick State Prison in Milledgeville Georgia in May

Shoe La La & Kristen’s Marche design studio in Ridgefield CT

Update: June's Hallmark in Cape Coral FL

The Chance Room online poker site on GTechG2's IPN network

Update: Chase Bank in Downtown Monroe

John Deere parts distribution center in DeWitt NY - 25 Jobs Lost

 

 

March 4 , 2010

Penrose St. Francis Health Center in Colorado Springs

2 Girl Scout Camps - Camp Laurel in Roaring Brook Twp. and Camp Pocono in Tannersville

Birds Eye Foods Operation in NY by July 15 - 205 Jobs Affected

Communications Services for the Deaf  Lemoore Call Center - 97 Jobs Lost

First Mariner Bank - Shrewsbury Pa. by June 30

Home Video Center of West Main Street in Le Roy

Planet Tan in South Charleston

4 New Albany-Floyd County Schools Targeted for Closing

Garner Slim Jim factory to Close by Next Year - 450 Jobs Lost

Boeing Sydney Plant ( International ) - 350 Layoffs

Thompson’s Meats and Groceries in NC

One Rite Aid stores in North Utica

Jackson Plastics in Nicholasville Kentucky 

Commercial Metals Co. - Hope AR Plant

The Chick Inn in Kentucky 

Master Touch Cleaners - 5 Locations

The Archdiocese of Baltimore to Close 13 Schools

 

 

March 3 , 2010

John Walkers Jeweler 

Oregon Stage Works

A Woman's Place Store in NY

Squirrel Hill Theater Pa

Cardinal Gibbons School of Baltimore - On list of Schools to Close

Campbell’s Nutrition West Glen

The Lafayette Tap room

Norka Futon in Ohio

Jordan Furniture Company

Berry's Furniture in Rock Hill SC

The Krystal restaurant in Red Bank

 

 

March 2 , 2010

Te-Khi Travel Court and Truck Stop Michigan 

2 Catholic Schools in Bimini and Eleuthera to close at end of school year

Skyhawk Village Market in San Rosa, but Deli / Restaurant to stay Open

Hotel Lafayette in Downtown Buffalo 

Old Navy will close its Muncie Mall store

NY State - 55 Parks and Historic Sites

Joseph Winans Furniture Co in Medford Oregon 

 

 

March 1 , 2010

Red Robin Restaurant Eastlake Seattle  Location

The Jefferson County Public Schools - Closing Some Preschools Options 

Uno Chicago Grill in Kirkwood St Louis

The Archdiocese of Maryland on Wed. Set to Announce Number of Catholic School Closings

Michaels Jewelers Closing Southbury Plaza Location 

United States Gypsum Co Plant in Rockland Stony Point

West End Lounge - Drake Area Bar

Emeco Heavy Equip. Rentals ( International ) 

Update: ABC to Close All but one of its Brick Mortar Bureaus

Update: Blairsville's BiLo Supermarket

 

 

 

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