STUPID FOOLS.....Bread Lines or Free Money.....It is the same thing!!!!!!
In my previous blog....I linked to an article about people in Detroit standing in line waiting for "Free Money."
None of you picked up on the point that I was really trying to make.....most of you probably thought I was worried about the rioting, or violence, or poverty........silly Fools.....Alstrynomics is far beyond that.......
Many of you Fools have commented if things are so bad...why don't we see thousands of people in bread lines today like we did in The Great Depression.
The reason is simple......because we give those that would be standing in bread lines "Free Money," and it is not simply thousands, but tens of millions numbering almost a hundred million.
The problem is if you give away enough "Free Money".....pretty soon money becomes worthless if you simply print it to give it away.
Up until this year...government borrowed a little to give away "Free Money".....as we were bringing in enough taxes to cover most of the Free Money......but contrary to its mandate, as tax receipts evaporated due to its banks cutting credit.....the FED simply started to print THIS YEAR. Now it is printing so fast that no one in the World has enough money to meet our needs.
As a result of this insane behavior.....the dollar is crashing right before our eyes.
I never dreamed it would get beyond September before the public figured this out and went apenuts......but Foolish of me to misjudge the intelligence of Fools....dumb dumb Alstry...I will never misjudge Foolish ignorance ever again now that I know how Stupid some Fools can be!!!!!
You got idiots in Florida flipping land for money, a guy who lives on the mountainside who judges his wealth in money, and some guy who carries a few jobs working for money for his family thinking he is being more responsible than those getting the "Free Money."
We are all Fools....because when money is "Free"......money is WORTHLESS....and no matter how you get it, how much you have....once it is Free....it really doesn't matter.
I have known this for a while....that is why I quit analyzing fundementally about a year ago. It really doesn't matter any more....as the accounting is a fraud, the banks are a fraud, the analysts are a fraud, the ratings agency is a fraud, and now our Federal Reserve is a Fraud.
Today, two of my favorite Congressmen on opposite sides of the aisle probably penned one of the best letters to ever come out of the Capital....here it is:
When money is Free....we are ALL broke as long as we still use money to keep score....and pretty soon, as our businesses shut down and government is broke due to constrained credit, we will ALL be standing in lines waiting for the government to "give" us our "Free Money" or bread...in the end it is really the same....once it is Free...you can get as much as you want and it is still worthless.
Why do you think the street word for money is bread???????
Now the only question for the heterosexual male...when will chicks be for free??????