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alstry (36.57)

Money And Gold Will Be Worthless

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June 03, 2010 – Comments (8)

At the end of the day...the only thing with true value is human productivity.

If you are on a isolated island with all the money and gold in the world.....it can't do a thing for you except act as an anchor or maybe good kindling for a fire.

At the end of the Industrial Age....America's primary product was debt......or money with interest and a repayment obligation attached to it.  That product was freely handed out in recent years.....it became the focus of our retirement accounts and the driver of productity in America.

As a result, the quality of production in America deteriorated rapidly or was outsourced....to the point where we produced very little outside of crops and defense relative to our amazing standard of living.

Now the bankers are cutting off credit and we are realizing that without it....there really is very little production in America....and much of what we produce is not even that high quality.

Now that the bankers are cutting off credit.....they are cutting off production.....and without human production, all the gold and currency in the world is meaningless.

YOU CAN HAVE ALL THE MONEY AND GOLD IN THE WORLD...WITHOUT HUMAN PRODUCTIVITY TO SPEND IT ON....IT IS WORTHLESS.

JUST ASK THE FISHERMEN IN LOUISANA.........ALL THE MONEY AND GOLD IN THE WORLD WILL NOT BRING BACK THEIR FISH.....

Your ability to fight.....now that could have infinite value if we continue proceeding down this road without restructuring debt.

8 Comments – Post Your Own

#1) On June 03, 2010 at 12:42 PM, chk999 (99.97) wrote:

As a result, the quality of production in America deteriorated rapidly or was outsourced....to the point where we produced very little outside of crops and defense relative to our amazing standard of living.

Unh no. In the 2007 data (which is about the latest I could find) we were still the #1 manufacturing country in the world, with China #2.

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#2) On June 03, 2010 at 2:47 PM, alstry (36.57) wrote:

We are also number one in Welfare Payments....Social Security Payments.....Medicare Payments.....Military Expenses....and we could go on and on.....

WE BETTER BE NUMBER 1

There are always two sides to a balance sheet and income statement.

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#3) On June 03, 2010 at 2:52 PM, GNUBEE (24.47) wrote:

Chk, I think he is only thinking quantity of goods, not price.

Thanks for bringing it to his attention that the US still produces lots of complicated and expensive goods.

1 boeing 777 = 30 million plastic Jack-o-lanterns

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#4) On June 03, 2010 at 2:57 PM, alstry (36.57) wrote:

40,000,000 Food Stamp recipients exeeds 1 Billion hardworking farmers........then add in the 50,000,000 Social Security recipients and medicare recipients and 16,000,000 unemployment recipients.....and 23,000,000 VERY HIGHLY PAID government salary recipients......and a cool Trillion on military expenses......

and soon you will figure it out.....you will either be force to restructure or pay for it with your life......it is simply they law of money as told by history for thousands of years.

HERE IS A POSTIVE NOTE:

STOP SAVING FOR COLLEGE....IN THE DIGITAL AGE COLLEGE WILL BE FREE!!!!!!!

Wal-Mart Stores Inc. announced a program Thursday in which its workers can receive college credit from the online American Public University and receive a tuition discount from the school.

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#5) On June 03, 2010 at 3:02 PM, IIcx (< 20) wrote:

: )

"At the end of the day..." 

http://dingo.care2.com/cards/flash/5409/galaxy.swf

 

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#6) On June 03, 2010 at 3:07 PM, watchmesoar (91.18) wrote:

Alstry,

I agree with many of your opinions, I have been bearish for the last couple of years (except oct-march as we were given tons of free money to speculate with. But now the consequences are unfolding and it will go down as the biggest asset bubble known to man. But in a world where paper money is worthless, people will still need something of value to barter with. When the Germans went through hyperinflation after the war coal became a "currency." Given that there is some relevence from whats is going on now to the germans and their massive borrowing during the war, couldnt one draw a conclusion that commodities will be the only currencies of real value? Are farmers about to become rich without even knowing it?

Gold from basically the dawn of time has held value (although it has flutuated), with its true value based on supply and demand. History is always a look into the future. No matter what type of world we enter, we will still need to trade in order to live. It's been this way since the dawn of time, even the egyptians valued gold as a thing for the rich. What kind of productive capacity did they have?

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#7) On June 03, 2010 at 3:09 PM, GNUBEE (24.47) wrote:

40,000,000 Food Stamp recipients exeeds 1 Billion hardworking farmers........then add in the 50,000,000 Social Security recipients and medicare recipients and 16,000,000 unemployment recipients.....and 23,000,000 VERY HIGHLY PAID government salary recipients......and a cool Trillion on military expenses......

?

Translation:

Little TV sets
Going off inside my ear
Spacemen floating by
Firecracker beer

Chase the Demons lightly
Look inside your eye
Up and down the sidewalk
Take a doo-doo pie
I love you

Chase the Demons lightly
News, it hits your eye
Up and down the sidewalk
Take a doo-doo pie
I love you

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#8) On June 03, 2010 at 4:31 PM, alstry (36.57) wrote:

Watch.....

Since the dawn of time the horse was the means of transportion.....until the times changed.

Get ready for Digital Money in the Digital Age.....

Just like Digital College in the Digital Age.....

and Digital Banking in the Digital Age......

and Digitally delivered movies....

Times are changing my friend.....and humanity will too....whether we like it or not.

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