This is NOT a Recession...IT IS WALL STREET OUTSOUCING AMERICA
July 10, 2010
– Comments (4)
We bailed them out and now they shut us down....
Over the years Wall Street outsourced our production while making up the difference by making our economy addicted to debt by loaning us trillions of dollars and turning a production based economy into a massive leveraged consumption economy.
Wall Street loaned us more money in the past ten years than America borrowed in the prior 220.
Alstry started blogging when he knew that by Wall Street cutting of credit....America would shut down since our entire economy was primarily dependent on leveraged consumption...
Borrowing and Consumption by our familes.....
Borrowing and Consumption by our corportations....
Borrowing and Consumption by government.....
Once Wall Street cut off credit.....you knew America would shut down....it was really pretty simple....just hard to believe Wall Street would do such a thing to an entire nation but then easily understood once you think about what has happened to the rust belt and cities like Detroit.
First credit was cut off to housing/commercial real estate....now commercial sales are DOWN 90% and residential construction is DOWN over 80%......and 80% of our mortgage companies are out of business....as real estate in America is dying quickly.
Next to our private corporations.....now bankruptcy rates are skyrocketing and commercial vacancies are exploding.....as vacant building litter the landscape across the nation.
The last area to be be cut off from credit will be our cities, counties, states, schools, and hospitals......these are the very large employers in our economy and will have the most palpable impact as they close down and wither away....
AMAZING...WE BAIL OUT WALL STREET AND WASHINGTON.....AND NOW THEY SHUT US DOWN AS THE REST OF AMERICA WILL GET OUTSOURCED OR SHUTTERED.......
ONLY SHEEP COULD BE THIS STUPID.......why would anyone bail out Wall Street and Washington and not the rest of America......without rioting of course.........
Enjoy this next phase.....may I suggest lubricant as the politicians get raises and bankers get billions in bonuses while most the rest of the nation shuts down.......
YOU KNEW....YOU FELT....IT HAPPENS
Remember, if most of the nation is broke....the bankers and politicians are and should also be broke.....that way they can't take all your property as they laugh while you give them free money to foreclose on your stuff......
IT APPEARS ALSTRY WAS THE ONLY ONE LEFT THAT CARED FOR THE AMERICAN PEOPLE......now Alstrymous will guide you into the Digital Age as America shuts down due to lack of credit from Wall Street and much of the rest of the nation gets outsourced.
YOU are the terrorists to Wall Steet Fools....you want too high of pay and too many benefits for Wall Street and Washington to HAVE THE FREEDOMS be competitive in a world economy. You greed to too high an income is terrorizing Wall Street....and since you are not with them.....you will be against them.
But don't feel too bad......Alstry was one of the few that really knew.......
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