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alstry (34.92)

The Silence Is Getting Sooo Loud

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August 18, 2010 – Comments (4)

Before 2007, the primary reason we had an economy was the private sector was borrowing trillions of dollars per year and spending it driving massive sales, profits, and tax receipts.

After Wall Street started cutting off credit to the private sector.....the economy crashed......

Since 2008, the ONLY thing keeping our economy on life support is government and Wall Street borrowing trillions of dollars PER YEAR and spending it........

WHAT NOT A SINGLE BULLISH FOOL EVER FACTORS IN THEIR ANALYSIS IS WHETHER SUCH BORROWING IS SUSTAINABLE........

and what would happen to our economy if Wall Street and Washington couldn't borrow and spend trillions of dollars each year......

just like very few anticipated what would happen if homeowners and private businesses could continue borrowing trillions of dollars each year.........

and now we are learning that no matter how much we bail out......the deficits will get bigger and bigger each year as our private sector gets smaller and smaller.......

WHY DON'T ANY OF THE BULLS WANT TO FACTOR THE BANKRUPTCY OF AMERICA INTO THEIR ANALYSIS AS OUR PRIVATE SECTOR CONTINUES TO SHUT DOWN?

Bankruptcies Reach Nearly 5-Year High...

Given Cash for Rehiring, Schools Wait and See

Bad Economy Forces Thomas Memorial Hospital to Cut Employee Hours 

Addison Gilbert Hospital in Gloucester, Beverly Hospital and BayRidge Hospital in Lynn - 75 to 100

Update: City of Trenton NJ - 1,200 Layoff Notices

 

 

4 Comments – Post Your Own

#1) On August 18, 2010 at 11:43 AM, Dow3000 (< 20) wrote:

Question:  How would you feel about a global digital currency if it was fully uninflatable (obviously a world central bank would be a disaster...this would be in a central bank free world)?  Would this be good, bad, inevitable?

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#2) On August 18, 2010 at 1:35 PM, alstry (34.92) wrote:

my guess is the latter....

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#3) On August 18, 2010 at 9:10 PM, oshiri (< 20) wrote:

Fools better start considering Sempai's "electronic credits."

So what's a Leicester Longwool's $300K retirement portfolio worth when ewe'r sheared and forced to convert ewe'r play money greenbacks to ECs?

3-to1?

5-to-1?

100-to-1?

300-to-1?

10,000-to-1? 

As "YOUR" government keeps borrowing, the value of ewe'r dollar converted credits plunge exponentially . . . wait for it . . . wait for it . . .

Baaaaaaaaaah!!!!!! 

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#4) On August 19, 2010 at 3:27 PM, srkenne264 (99.58) wrote:

Interesting, But what if we cut the defense spending in Half for 10 years.  Used that Half to pay down the debt.  Freed the money that is currently going for interest and allowed the goverment to spend that on anything they wanted domestically???  Hmmmm

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