The Secret of Alstrynomics......Finally
Shhhhh. Just keep this between us.....
As Americans...we are all jointly and severably liable for the debts of our nation, states, and cities plus municipalities. Just like an owner of a condo, in the end, you are jointly and severably liable for the obligations of your association. If nobody is paying their condo fees, you have to pay for all or the association breaks down and the elevator stops working and the trash starts piling up.
If you took every dime saved up by every American citizen and corporation and added it all up.....it doesn't even come close to paying off the current debt and liabilities. As long as the bankers kept lending us money...we could service the ever increasing debt burden.....
but now the bankers are cutting off the citizens of $$$$ and debt is starting to default everywhere.....and if the citizens aren't spending...there is little money going to the government.
My guess is that we have about $6 Trillion of TOTAL savings and over $40 Trillion of Debt.......not including entitlement obligations.
As credit keeps getting cut off to consumers, spending decreases and debt keeps defaulting.....as debt keeps defaulting, the value of assets keep imploding as fewer and fewer have money to spend. Currently, balance sheets are being destroyed at record rates as assets implode in value across across the nation.....and the world for that matter.
Question Alstry all you like.....in the end Alstrynomics is all about being right....this process is called Concentric Contraction.....and as usual, Alstrynomics will be right again if we continue on the same path.
If America, its States, its Counties, and its Cities can't pay the debt...they are coming after you and I to pay it.......whether we like it or not.....and there will be no limits to how much we must come up with no matter how much money we have......otherwise there will be no police officers to protect us when the rioting inevitably begins.
Soon it will come down to one simple issue....all your money or your safety....pick?
Now, the only question is when. Your bosses are the banks and the government...they get to determine how much money you make, how much you keep, how much you have and how much its worth..... and you think you have any say in this issue???? or what party is in charge???
Pay special attention to California's tax vote tomorrow.....if the voters say no to higher taxes......who is going to pay the police and fire department....who is going to educate their children????......things are really heating up now as the Simmer begins.
You have been warned over and over and over.....Prepare.