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alstry (35.03)

Let The Eat Pancakes....

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April 02, 2010 – Comments (0)

It is been about one year since the credit crisis hit.....and since government and Wall Street have borrowed about $4 trillion dollars from our pension funds and retirement accounts to keep things going.

$4 Trillion!!!!!  In one year.....over $10,000 for every man, woman and child.....yet the Fools think we can borrow our way to properity?  China's total holdings of U.S. debt is less than $2 trillion silly Fools.

Despite this massive stimulous......America continues to shut down.......yet few seem to care as long as their Wall Street statements make it appear that things are improving......but don't swallow too hard, Harry Markopolis warned Madoff's clients for over 5 years that the statements were a fraud........and they laughed until they learned it was true........

It is not the end of the world....it will simply be the end of a world as you know it.....as for each job lost, each plant shut down, each business closed........can cause many more to lose their livlihoods.

THIS WILL IMPACT NEXT MONTHS JOBS REPORT.....

Last Auto Plant in California Shut by Toyota


The impending closure of the NUMMI plant is a major blow to California's shaky economy. The plant employs more than 5,000 and indirectly supports another 30,000 jobs in the California economy — not only in the Bay Area but also in Southern California, where several of NUMMI's key suppliers are based. Those threats are not lost on California's community groups: shutting NUMMI will lead to substantial losses in local and state revenues and employment taxes, could increase property foreclosures and could significantly increase unemployment claims, a recently organized group called Friends of NUMMI warns.

http://www.time.com/time/business/article/0,8599,1919395,00.html#ixzz0jwpMIo2z

35,000 jobs gone with one plant closing.  AT THIS RATE OF BORROWING...THE ONLY QUESTION NOW IS WHETHER MONEY WILL BE WORTHLESS OR WILL THERE BE NO MONEY.....

Government and Wall Street can only deplete our savings for so long before they have to go after our assets.....GUARANTEED.  If you think you are rich...when government needs your land, your houses, you retirement account, and your business...........don't you think it will be your patriotic duty to hand it over..............

what do you think is happening as the taxes are raised????  The value of all of the above is declining:0)

Keep laughing and eating pancakes.....you can only borrow your way to properity for so long....before you can't borrow any more.

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