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alstry (35.87)

The Ultimate Question

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March 17, 2010 – Comments (8)

It was clear that when you cut off credit to our credit dependent consumer economy, our economy would implode.  It has despite massive borrowing and spending by government.

The economic collapse has been so severe causing revenues to government to drop so much that even borrowing $2 trillion per year is not sufficient to halt the decline.

We have more people on food stamps, more people losing homes, more and more jobs lost and businesses shutting down each week......DESPITE GOVERNMENTBORROWING $2 TRILLION DOLLARS.

There are companies in the stock market whose sales have dropped over 30% in the past year, after dropping double digits the year before, but stock prices are up over 300%.....in such an environment, analysis and commentary becomes worthless and is more similar to advising on picking red or black on a roulette table.

We as a nation do not earn enough money to support our government in anything close to its current form....the outlook  going forward is for even lower revenues to government.....now the unsettling question is what will our nation and government look like as we face the realities of zombulation?

As I said, if you are focusing on the ticker, you are focusing on the wrong place....when our government is out of money, we are all broke as our system is no longer functional.

Now the question is how does this play out when the American citizens can no longer support the American government?

8 Comments – Post Your Own

#1) On March 17, 2010 at 8:20 AM, alstry (35.87) wrote:

Soon many will question why do politicians get paychecks when private citizens do not?/??  In interesting question is how much of government's tax receipts simply comes from borrowing trillions and paying salaries with borrowed money??

Disney's Zemeckis ImageMover Facility - 450 Jobs Lost

Eastland True Value in Lexington Kentucky 

Greenstreet Elementary Indianapolis 

Select Medical Corp to Close Billing Offices in King of Prussia, Montgomery County PA by May 13

The O'Malia's Food Market in Carmel 

Cincinnati Tobacconist Store

Domtar Corp to Close Mississippi Paper Plant - 219 Jobs Lost

Pitney Bowes Inc. to Shut Down Miamisburg Operation - 75 People out of work

Delta Air Lines will close Concourse A Cini/Kentucky Airport - 840 Jobs in Jeopardy 

Detroit - Proposes 45 Schools to Close

St. Cloud State University Closing 23 Programs

Hollywood Video in St. Cloud

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#2) On March 17, 2010 at 8:42 AM, alstry (35.87) wrote:

NY TIMES cuts 150 jobs; 8% of newsroom...

Pretty soon the news will come from only one or two sources.....and the news will be whatever perspective that source wants it to be......

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#3) On March 17, 2010 at 9:31 AM, cashkid79 (93.81) wrote:

Well, there are some solutions already in place (just not fully realized I think) to assist there...

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#4) On March 17, 2010 at 1:42 PM, alasker (< 20) wrote:

Any perspective on economic history. The entire recorded history of civilizations from Greek to Rome to the any Aisan or South American civilization are filled with times of economic expansionism and then periods of economic/ social isolation. Very few civiliations of the past still exist today. I have thought about whether the next period will be as you have suggeted filled with technology replacing people or much simpler.

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#5) On March 18, 2010 at 12:44 PM, cashkid79 (93.81) wrote:

SO...how about google, sony, and intel getting together for the amazing (NEW) googleTV...

cashkid79

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#6) On March 22, 2010 at 5:25 PM, jdlech (< 20) wrote:

Truth to tell, most of that 2 trillion was wasted unproductively.  Those banks should have failed.  That's what the free market is all about.  Those who live by the sword should be allowed to die by it.  Govt. should have spent the money on taking those companies over, administering to their clients, and selling them off just as the FDIC does.  That's what should happen to "too big to fail" corporations of any kind.

Much of the money went into things that won't bring jobs back.  We both know that.

I'm not sure if you are aware of it, but the whole globalization thing is the ultimate cause of our decline.  Workers once had to compete against each other intrastate.  Then came the national highway system and Boom, they had to compete interstate for jobs.  The highways system was a great boon to the American economy.  But now, with globalization, we are competing against people who just want to eat; or just want rags on their backs.  Those in such destitution have so little that they ask for so little in return for a days labor.

There is no way the guy who can barely feed a family on $9/hour can compete for jobs against a guy who asks for only $0.08 per hour, no labor or environmental laws, and no govt. oversight.  Chain all their children up as you please, as long as their parents are fed two small meals per day.  There are Indians and South East Asians, and Africans who would love to sell their daughter to some corporation, as long as the corporation makes it look like a marriage or some other legal institution.  Slavery is very much alive and well outside the United States (even some of it inside the States as well).

The only way to retain jobs in the face of such competition is to close the borders to their products and services.   Can you think of any other means of competing against such destitution without creating similar destitution here?

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#7) On March 22, 2010 at 6:29 PM, cashkid79 (93.81) wrote:

Ahhh...the million dollar question...or rather, 'The Ultimate Question"...and BAM -> here is my take...under my cashkid79 pseudonym which I no longer am using (at LEAST until I hear back from Google) -- 

The solution to economy seems simple enough...everyone be more productive following the formula the founding fathers had for America which brought it to be the world superpower, or at least the standard for which 'money' revolves around the world...it's ours to lose - and that very mentality will keep the fact that globalization is very real from pushing America further down if the protectionist mentality becomes the consesus of domestic voters...solution=put the best strategists in the world, AND that have the best SINCERE allegiance to the existing world superpower (America), in place to make the contributions necessary to keep it all together and provide SYNERGY between all the players (weighting the more influential ones accordingly)...even our president Obama says that politics is kindof like sports, the strategy, etc. (in the context of a college basketball discussion)...and this isn't a game, I agree...still, the idea I posted for my last blog is the kind of stuff we need to promote for the best interests of the majority of the contributors to this world and keep America in the lead and keep the world moving in the right direction as quickly and with the right pace as possible.

cashkid79

And the link to the blog is:

http://msncaps.fool.com/Blogs/ViewPost.aspx?bpid=355172&t=01008343660826439790

Post #49

NOW - to directly answer your query, SYNERGY not DESTRUCTION is about as specific as that EXTREMELY complex question can be answered on the blog level I think.  Globalization is real, and back at you -> what do you think the consequences of shutting down globalization would be???  Yes, Google is pulling out of mainland China...is that a sign of things to come?? OR is it just one company and NOT representative of the entire country (America) from which it was founded.  Truth is, every individual plays a part in the way the world evolves, whether they realize it OR NOT ('NOT' being the overwhelming consensus)...I could go on and on with examples, but what's the point...WE here or those reading this understand it already for the most part (I hope!). The thing to do now is EXECUTE...and that is precisely what I am putting all of my efforts into doing...I only wish more would do the same or at least support those who represent what they believe should be the ideal for the good of the world.  And then comes money into the picture...and now it gets complex...martyrs are great, but if they are dead, what more other than their written words from duing their lifetime is there to be gained from what they had to offer...regardless of they are in China, India, America, rich, poor, black, white, WHATEVER -- every person has inside of them the knowledge of what is the most entire sincerity (TRUTH - GOOD vs BAD) and with the right strategy, political guidance, (money), etc...the ideals of the most entire sincerity should be pushed forward at any and all costs.  We HAVE to address the future of the world for the sake of future generations and family, and that sometimes means doing things that are not necessarily aligned with what is most profitable to you as an individual...And this post is going to probably be wildly unpopular on an investment website to beat the market!!!! HAha, but seriously --- investing and making money is GREAT, as long as the money goes to the right uses that help our world, country, community, all the way to our individual souls prosper.

Liprie, TP 

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#8) On March 22, 2010 at 6:43 PM, cashkid79 (93.81) wrote:

It just so happens that Americans are now the epicenter of the world and home to businesses that are at the cutting edge of technology that connects and allows globalization to occur so much more efficiently...to think you can reverse this process is ludicrous...the solution is to make sure that those in the lead believe in what they say and have the true ability to get the job done. Oh yeah, and I am a poor student and have to get back to work now...hope I contributed something useful and am not simply being USED myself...

Liprie, TP

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