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alstry (35.02)

Oil Still Seeping and Economy Still Crashing

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July 19, 2010 – Comments (3)

Seep in sea floor adds twist to Gulf oil saga

The sheep never cease to amaze me...we basically have what amounts to an economic nuclear explosion in and around the gulf states, the rust belt ostensibly shut down but for government assistance, and real estate in the worst depression in our nation's history at a time when the greatest percentage of our nation's wealth is concentrated in real estate........

yet the Fools still think things are getting better and the government can simply print money to hand it out to whoever or whatever they want regardless of how little production we have?

Plus all of the above is on a backdrop of the largest debt bubble in the world has ever seen....

as Wall Street and Washington are continuing to borrow over $3 trillion dollars each year while mainstreet is being cut off of credit destroying our jobs and tax base.

You have been outsourced sheep and you didn't even notice....the pain was relieved by replacing loss of jobs and production with debt and handouts.....but that can't last forever.....as the longer it lasts, the quicker our currency will be worthless/or else we will have to fight to force others to accept a currency not based on production.

Just ask the Roman Empire or the Weimer Republic for two very clear examples.

3 Comments – Post Your Own

#1) On July 19, 2010 at 9:52 AM, alstry (35.02) wrote:

WE ARE BEING OUTSOURCED AND NOBODY CARES.....

Strapped Cities Rent Police, Janitors...

How you sheep let the Federal Government and Wall Street borrow as much as they wanted but let mainstreet get cut off of credit is probably one of the most amazing sheep stories in human history.....especially since the sheep thought they lived in a system based on a document called the Constitution protecting personal liberties/freedoms while affording equal protection under the law.

The Gardner Bros should be ashamed of themselves for running an investment website promoting the individual yet remaining silent the entire time.

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#2) On July 19, 2010 at 10:11 AM, alstry (35.02) wrote:

From now on...every time you see the word Economist used in a sentence....Just Replace It With MADOFF:

Economists say recovery continues, but pace slows

THIS IS THE ONE THAT WILL FLIP YOU OUT!!

THE SOCIAL SECURITY ADMINISTRATION IS FUNDING TWENTY FOUR MILLION DOLLARS--LET ME REPEAT THAT AMOUNT ... SO YOU UNDERSTAND IT $ 24,000,000.00 DOLLARS FOR NEW ELECTRONIC MEDICAL RECORDS PROCESSING FOR OUR CONGRESSMEN AND SENATORS !!

And we have police and firedepartments collapsing?

Baaaaahhhhhhhh....you gotta luv an economy where the Federal Government and Wall Street have unlimited access to credit/production and the private sector/states/local government is collapsing.

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#3) On July 19, 2010 at 10:31 PM, Rasbold (91.93) wrote:

Do you have a source for that last one?

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