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alstry (35.53)

Is It Time For Goldman Sachs to Blow Up America?

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August 12, 2009 – Comments (15)

Most people think the Chinese are the largest holders of American Debt.  Those that do are mistaken...it is the Wall Street Banks and Primary Dealers who hold most of Americas debt.

Unfortunately for these bankers, America can no longer service its debt without borrowing more from the Primary Dealers and Wall Street bankers.  America simply has borrowed too much and owes its citizens way too much in entitlement obligations to ever meet its spend requirments going forward.

In exchage for keeping the system going to this point, Henry Paulson extorted Congress and the American Taxpayer out of $9 Trillion dollars.  The problem is more and more taxpayers are catching on to the maliciousness of this action are are beginning to make some waves.

Goldman knows that once the American public eventually learns about the criminal behavior behind Credit Default Swaps, the citizens are going to go nuts once they learn that just about everything they own is practially worthless.

Unlike Bernie Madoff, Goldman has some very high level poltical relationships that can be convinced to do just about anything asked.....like handing over $9 Trillion without too much effort.  The real issue comes when the American people learn that most of their net worth has been pick pocketed....we are already seeing some passion with health care reform....imagine the anger with total net worth.

From the bankers perspective, America as structured with its current population is a money losing proposition due to the excessive defaulting debt outstanding and the massive entitlements we are owed by our government.

If Goldman simply exterminated most of the population, none of the entitlement would need to be paid and as the primary debt holders, the Wall Street banks would be the title holder to most of Americas natural resouces and farmland which could be harvested and sold around the world for an incredible profit.

You think this concept is far fetched?  Imagine if you had just stolen $10 Trillion dollars and impoverished the strongest nation on earth.......would you want to face the wrath of its citizens once they became aware of the situation.

If someone doesn't give a damn about taking everything you have in broad daylight......you think they give a damn about you or your family?

 

15 Comments – Post Your Own

#1) On August 13, 2009 at 1:13 AM, aqua2 (< 20) wrote:

O.....K.....Alstry.  Maybe you go a little far here.  I see a scenario of the street littered with the dead bodies of Wall Street bankers before I see mass extermination of citizens.  If this plays out as you say, Ima goin huntin for some bankers, then some politicians and then some lawyers.  Just plain old varmit hunting.

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#2) On August 13, 2009 at 2:04 AM, GreenMachine09 (32.32) wrote:

Very interesting. One note to remember is that Ponzi sceams mainly get exposed during economic downturn(Madoff)... and our Government is a Ponzi sceam. But in reality the only people that will be able to expose it are the holders of American debt who are not in too deap. China is too deap into our debt to want to pick and prod because the second we go bankrupt they will soon follow suit. So that leaves us with the Wall Street Banks as the only debt holder who will be able to expose the sceam...

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#3) On August 13, 2009 at 2:43 AM, AdirondackFund (< 20) wrote:

Exactly correct.  The American Public would be horrified to find out that virtually all of it's debt is held by Citizens and Corporations here in their own Country.  This becomes the leverage that is used against Congress and The President.  As Mark Twain once said "We have the best Government money can buy".  Sadly, Twain turned out correct on this one.   Another favorite Twain comment,  "I am looking for a return of my money, not a return on my money."  Both comments seem appropos to today's times.   

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#4) On August 13, 2009 at 7:26 AM, alstry (35.53) wrote:

I am sorry, for the purposes of this blog, I ment economically externminate America.

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#5) On August 13, 2009 at 8:25 AM, alstry (35.53) wrote:

MORE AND MORE TAXPAYERS GETTING KILLED...LEAVING THE TAX BURDEN ON FEWER AND FEWER.....

The number of U.S. households on the verge of losing their homes rose 7 percent from June to July, as the escalating foreclosure crisis continued to outpace government efforts to limit the damage.

Remember, this is a 7% increase off of a very high base and at a time where things are supposed to be turning around.  Each time a house is foreclosed on a street, it has a negative value impact on every other house on the street.

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#6) On August 13, 2009 at 8:45 AM, h2ound08 (< 20) wrote:

@aqua10

 shhhhh...be vewwy vewwy quiet....im hunting wall stweet bankews...i mean wabbits.

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#7) On August 13, 2009 at 8:58 AM, alstry (35.53) wrote:

I am watching former Fed Gov. R. Kroszner on CNBS....you know this man is trying to destroy our economy because he fails to address the issue of too much debt suffocating our economy.

When asked about banks making billions in overdraft fees vs. the trillions in aid they are receiving from the taxpayer, he focuses on the banks need to make sound loans vs. the fact that banks infected our economy with a debt load it can't pay back over the past seven years.

THE FED KNOWS THE PROBLEM IS NOT NEW CREDIT, BUT RESTRUCTURING EXISTING DEBT TO OUR SCHOOLS, CITIES, COUNTIES, STATES, HOSPITALS, FAMILIES, BUSINESSES AND NOW FEDERAL GOVERNMENT.

If we don't restructure existing debt, our nation will shut down.

The Fed knows this and knows that our economy will continue to deteriorate as more and more Americans run out of cash trying to service an unservicable amount of debt after raising interest rates 17 times and tightening credit standards.

Each time an American economically fails, the burden on the rest of America increases until there will be too few supporting too many.

In the mean time, Mr. Kroszner's banking buddies are getting trillions in free treasuries through fractional reserve banking as Obama tries to feed over 100,000,000 Americans dependant on the government for income.

When the bankers stop accepting treasuries, what demands will they make on America and guess where Obama is going next to raise money?

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#8) On August 13, 2009 at 9:17 AM, JerseyShoreGirl (< 20) wrote:

All that comes to mind is:

As the pigs roll in the mud and snort at the trough, Atlas shrugs.

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#9) On August 13, 2009 at 11:43 AM, mliu01 (< 20) wrote:

Alstry, I have been saying this for 5,6 years. Just did not put GS in the equation. It is not just GS, It is only a handful of people doing all this shit. We know who they are, saddly most americans don't. But they will one day.

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#10) On August 13, 2009 at 1:48 PM, jesusfreakinco (28.90) wrote:

GreenMachine09

 

You're wrong about the Chinese, they are diversifying out of the dollar as quickly as possible.  They are just doing so without causing waves.  

One example:

http://www.theglobeandmail.com/report-on-business/industry-news/energy-and-resources/china-makes-unexpected-grab-for-canadian-miner/article1247540/

 

JFC

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#11) On August 13, 2009 at 2:09 PM, alstry (35.53) wrote:

JFC,

That furthers my argument even more and that we are getting closer to 9.09.

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#12) On August 13, 2009 at 5:35 PM, GreenMachine09 (32.32) wrote:

JFC, you are right. But they have a long way to go to deleverage them from the dollar, to the point that their economy is no longer dependent on it.

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#13) On August 13, 2009 at 6:17 PM, jesusfreakinco (28.90) wrote:

GreenMachine09

How do you know that they care about being an export driven country?  I am not an expert in Chinese thinking, but I do know they don't think like westerners.  They have only been living high on the hog for the past 20 years or so.  Judging from the saving rate of their population, I am guessing most don't believe it would last.

Their economy was self-sufficient before they started exporting en masse to us and they can go back to that.  My opinion is you are thinking list a westerner and can't do that.

All I know is that they have gotten burned by the westerners by being an export driven economy and buying our 'safe' bonds.  Fool them once... I bet they don't fall for that again.

Besides, all they have to do is buy less bond or stop buying them altogether, which looks like it has happended or is happening based on the recent auctions.  With the amount of debt we have to sell to suckers this year, the bonds will sell off (yields rise) and the USD will drop IMO.

This is why commodities, including gold and silver will do so well i the coming years, IMO.

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#14) On August 14, 2009 at 2:24 AM, GreenMachine09 (32.32) wrote:

JFC,

I missed where I said that they care about being an export driven country? Them going bankrupt has nothing to do with us not buying their exports, and all to do with the trillions of dollars worth of losses if the dollar collapsed and our bonds were worth zilch.

I completely understand and agree that they were self-sufficient without us, but why would they try to diversify from the dollar if they were not worried about it's significance in their economy?

Am I thinking like a westerner because I think that a country with a GDP of roughly 7.5 trillion dollars cannot swallow a multi-trillion dollar investment? From what I was thinking even if they stopped buying US bonds completely they still have the previous investment that is again in my opinion too big of a loss to swallow. Now if they rid themself of the bonds they already have it would be a different story.

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#15) On August 14, 2009 at 11:00 AM, jesusfreakinco (28.90) wrote:

Green,

I completely understand and agree that they were self-sufficient without us, but why would they try to diversify from the dollar if they were not worried about it's significance in their economy?

They are trying to diversify from the USD precisely because they see a currency event to devalue their USD holdings.  Read  Sinclair's missive today about this at www.jsmineset.com.

Now if they rid themself of the bonds they already have it would be a different story. 

I think they are doing this very rapidly and we have forever lost a creditor by the end of this year.  Fool them once...  We will not be able to fool them twice.  Unfortunately, we have pissed them off and the repercussions are yet unknown.

One example: http://www.theglobeandmail.com/report-on-business/industry-news/energy-and-resources/china-makes-unexpected-grab-for-canadian-miner/article1247540/

Note this report didn't come from a US source.  It was a UK source...

JFC

 

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