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alstry (35.70)

The Digital Age Has Officially Begun....

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December 03, 2010 – Comments (2)

We will now learn that our consumer economy was driven by credit....

credit drove demand.....demand drove production.....production drove jobs.....

and during that time.....much of our sustainable production was shipped overseas and replaced with credit masking the effect of lower production by increased demand in consumption.......

Without credit.....most of the economy as we know it will collapse......

We have seen Newark New Jersey fire 15% of its police force....

We have seen the second most dangerous city fire 25% of its workforce....including an bunch of police officers and firefighters.....

All of this is necessary to put us onto a sustainable platform for the Digital Age.....

Now we are seeing Transplant patients and transplant Doctors and hospitals get cut off......

Budget cuts move Arizona transplant patients off the list

As Bill Gross tells us we will all be living in Allentown PA.....don't believe him....it is just preparation for the Digital Age.....

2 Comments – Post Your Own

#1) On December 03, 2010 at 12:22 PM, Dow3000 (< 20) wrote:

I would like to follow a train of thought and would like your take on it.  If I purchase a house today...with 3.5% down...continue to make payments until the dollar crashes...will I be able to pay off the loan easily b/c wages will skyrocket in hyperinflation or will wages never rise and I will be forced to default?  And in a world where credit will become very scarce do I even care if I am forced to default?  Will banks eventually just stop foreclosing?

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#2) On December 03, 2010 at 12:35 PM, alstry (35.70) wrote:

The answer to your last question is yes.......as houses will have little or no value in most parts of the country.

Hyperinflation in a consumer economy destroys the economy as all spending goes into input costs and food and fuel.....and there is very little left for discretionary spending and wages.

My guess, in such an environment, is we will relocate entire populations to central areas which will be much more efficient from a distrubution and functionality standpoint.

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