Use access key #2 to skip to page content.

alstry (35.03)

The Question Fools Are Too Afraid To Ask

Recs

37

March 07, 2010 – Comments (10)

At what point are tax receipts to government so low....that effectively government spending is no longer legitimate?

At what point will the masses revolt for having no income while insolvent government workers and insolvent bank employees enjoy the spoils of borrowing money that simply doesn't exist?

Right now government is spending twice its tax receipts....and tax receipts are continuing to evaporate as more and more citizens lose jobs and incomes while businesses shut down.

Our current system is structurally broken....bankers are lying about assets while government is digging a deeper and deeper deficit as dollars evaporate.

Poverty is exploding in the suburbs growing at 5X the city rate........

Wall Street bankers are getting bonuses while the burbs are getting boned......

Politicians are bickering about health care while hospitals and clinics are shutting down.

Schools are closing across the nation while war and welfare are exploding.

Our government simply doesn't have the trillions it is spending.......and our citizens are running out of money to spend.

We are now on the brink of exposing this fraud........what will reveal it is still uncertain.

10 Comments – Post Your Own

#1) On March 07, 2010 at 8:24 PM, nuf2bdangrus (< 20) wrote:

Every bank the FDIC closes when their liabilities exceed their assetts immediately gets a 30% plus write down on their assetts...meaning they were long insolvent.  If you carry this corrolary to the big banks, they they are 2 trillion in losses that need to be recognised, that is being hidden by "mark to make believe"

Report this comment
#2) On March 07, 2010 at 8:40 PM, weg915 (< 20) wrote:

Wonderful story on NPR about the FDIC closing down a bank.  Not sure of the show, as I only heard part but it was a fascinating process to hear about. 

Report this comment
#3) On March 07, 2010 at 8:59 PM, dinodelaurentis (69.10) wrote:

We've got plenty of munitions tho...

Report this comment
#4) On March 07, 2010 at 9:11 PM, 4thDensity (99.63) wrote:

People in this country will not start to revolt until "upper middle class" tier type people start getting kicked to the curb.  There has to been way too much comfort here for too long, causing an inability to conceptualize REAL strife.  Even today,  the headlines of the bad economy are simply that:  just headlines with no real consequences for millions of people.  The system will have to collapse completely before people wake up.

Report this comment
#5) On March 08, 2010 at 12:13 PM, jdlech (< 20) wrote:

This is probably what you heard, Mr. Weq915.

http://www.npr.org/templates/story/story.php?storyId=102384657

 

There will be no massive revolt this time around.  I know that's been the case for centuries, but now the military is so powerful that if unleashed against a civilian population, the effect would be devastating.

That's what you can expect if there's a popular uprising in America.  Those in power today practically own the government.  And with that ownership comes control of the military.  Do you honestly think they'll casually step aside and watch the rest of us take everything they gained in the last 100+ years without a fight?  They might refrain from nukes, but I suspect all else is "fair game"; perhaps including chemicals and biologicals.

The stronger the military becomes, the less chance a revolution has.  And we made our military stronger than the rest of the world combined.

Report this comment
#6) On March 08, 2010 at 4:01 PM, kaskoosek (92.46) wrote:

+1 on good effort 

Report this comment
#7) On March 08, 2010 at 6:16 PM, jesusfreakinco (29.12) wrote:

What happens when the miltary lays down their arms (or refuses to carry out the orders of their commanders) because they refuse to protect a corrupt government by killing their family, friends, and neighbors...  Let's hope the decency of our brave soldiers comes through in the times to come.

JFC

Report this comment
#8) On March 08, 2010 at 6:24 PM, penchy1 (63.55) wrote:

Atlas Shrugged, anyone?

Report this comment
#9) On March 08, 2010 at 9:08 PM, dinodelaurentis (69.10) wrote:

 http://en.wikipedia.org/wiki/Smedley_Butler The problem with counting on the better angels of our natures is that we can't all be a General Smedley Butler...

Individually people can be noble and brave and moral.

Collectively people are stupid, fearful, and venal. Don't count on people collectively. Count on people individually.

Who will you count on?

Report this comment
#10) On March 12, 2010 at 6:40 PM, fewl10 (< 20) wrote:

Yeah, you are eventually going to be right.  I know that. 

But do you have to post the same damn thing day after day?  And if you are going to, LEARN TO SPELL, moron.

Report this comment

Featured Broker Partners


Advertisement