Is DinoD Right....Is War The Only Choice?
Warren Buffett is generating most of Berkshire's profits with Derivitives....as tens of thousands are fired from his operating businesses.....interesting perspective from the one who is touted as a value investor and his partner says IT"S OVER!!!!
Most of our banks are lying about the value of assets they are holding
20,000,000 Americans work for government directly
40,000,000 Americans are standing in Digital Food Lines receiving food stamps every month
16,000,000 Americans depend on unemployment benefits for income
40,000,000 Americans are dependent on Medicare for health care
Most of the revenues of our drug industry are paid directly and indirectly from government
Most of the revenues to doctors is paid directly or indirectly from government
Most of the revenues to hospitals is paid directly or indirectly from government
The entire defense industry is dependent on government spending to function
A large percentage of Walmart's revenues are generated from entitlement payments and government employees
A large percentage of drugstore and grocery revenues are generated from entitlement payments and government employees
A large percentage of technology spending is a from of government and government employee spending
Once you break it all out....you begin to realize that most of America's profits is no longer generated from producing things but simply buying and selling debt and gambling with derivitives.......and most of America's economy is simply generated by government and government employee spending.
Now that our private economy is being cut off from credit and morphing into a much more efficient digital economy.....revenues to government are evaporating and most of government spending is simply a product of borrowing. Further, if banks didn't lie about their assets, most banks would be insolvent......and if government didn't borrow and spend, we really wouldn't have much of an economy.
So ask yourself.....why do government and banking employees receive paychecks when their employers really don't have the funds to pay them while private sector employees get fired, lose incomes, and homes when faced with similar conditions?
IBM Workers Brace For Possible Job Cuts on Monday
At some point....we will all realize that most of our assets are simply debt obligations to each other that can't be serviced unless we are increasing credit......essentially taking on the nature of a Ponzi Scheme......
These debts make up our money market accounts, life insurance policies, community banks, mutual funds assets, IRA assets, 401K assets, Pension Fund Assets and investment accounts.......
From 1776 to 1980.....America accumulated approximately $5 trillion in total debt.
From 1980 to 2000....Debt ballooned to $25 Trillion providing massive stimulous our economy
From 2000 to 2008....Debt more than doubled to over $50 trillion and now infects every aspect of our economy including government, schools, hospitals, housing, retail, construction, manufacturing, and finanicial services.
It is very easy to get rich selling $25 trillion of debt in eight years.....add in derivitives and the numbers are staggering. The problem now is servicing the MASSIVE accumulated debt is becoming impossible due to credit drying up.
The BIG question is how do you tell the American population their economy and retirement hopes was based on a Ponzi Scheme of ever increasing debt that would blow up once there was nothing left to leverage and the banking system cut off the economy from credit?
Or do you take the easy way out and start a massive war to destroy the industrial age and move us into the more efficient digital age............
Tackling the defaulting debt problem is the ONLY issue Congress and local governments should be addressing........maybe the issue is being avoided because an alternative route has already been decided?