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alstry (< 20)

The BUBBLE EVERYONE MISSED....except yours truly.



July 20, 2009 – Comments (4)

The Government Bubble!

Nobody benefitted from the credit bubble more than the Federal, State, and Local Governments in America.

In the last 20 yeras, Government spending has more than trippled....from $2 Trillion to OVER $6.5 Trillion dollars. 

Unfortunately, as the credit bubble deflates, wages collapse, and business continues shrinking we will be unable as a nation to support such a massive government spend....even if government taxes 100% of our earnings, savings AND assets! 

Forget about health care reform, unless we address this issue quickly, we won't even be able to eat because our money will be matter how much you have.

MORE and more are waking buddy Karl Denninger is beginning to see the ice clearer for you hockey players and Cannucks.

It has all been a fraud my friends, asset values based on borrowing and little else, and will likely unfold before your eyes by 9.09...Alstrydomous time.

We are all in this together.

If you are a Green Shoots Grannislike Economist, you should be embarrassed for your negligence.

If you are a Goldman Girlyman..... get ready.

If you work for CNBS or the rest of the mainstream press...too bad you can't be accused of malfeasance or nonfeasance.  Even the Gardner Brothers remained conspicously silent.

Soon America will leave the Matrix....and it will NOT be pretty....but we will get through it and the future will be bright...again.

When the government stops spending, OUR ECONOMY DIES.....plain and simple.  Our government is BROKE while the banks continue to divert as much as they could before the music stops.

It is coming and now you know......get ready for the will be BIG time....and before 9.09.

4 Comments – Post Your Own

#1) On July 20, 2009 at 5:19 PM, ReadEmAnWeep (85.76) wrote:

Alstry you should post a blog on what you are doing and what people should be doing about it. Instead of pointing out whats wrong, you can point out how to fix it and what people should do.


What they should do in terms of fixing it and/or preparing.

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#2) On July 20, 2009 at 5:23 PM, alstry (< 20) wrote:

First, the public as to be aware that there is a fraud.

When the media refuses to report on it, the "experts" conceal or run from it, and government and Wall Street is part of becomes reality until it is exposed.

Then at that point, all will say no one could have foreseen it.......just like every other bubble before it.

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#3) On July 20, 2009 at 7:28 PM, AdirondackFund (< 20) wrote:

Thought you'd like this additional gem, Alstry. Report this comment
#4) On July 21, 2009 at 7:46 PM, OldEnglish (27.42) wrote:

Revenue doesn't restrict federal spending. Yes, the state governments will reduce spending because they are bound by revenue until the feds bail them out. The federal government will never stop spending. They get the benefit of the Cantillon Effect.

The feds have the masses thoroughly indoctrinated from childhood to believe FDR's "government must spend its way out" myth. There won't be any significant opposition to spending. The patronage class is too large a voting block to reduce spending anyway. 

If you think a lack of buyers for treasuries is an issue, you're dreaming. Helicopter Ben has already made it clear he'll buy as many as necessary. I could easily be wrong but please explain how. What will restrict federal spending?

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