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alstry (35.03)

Uncivil Civil War 2

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April 12, 2011 – Comments (5)

In the previous blog we learned that money was simply:

a representation of a unit of production recognized by the soverign voluntarily exchanged between parties for goods and services.

MONEY MUST BE BACKED BY PRODUCTION OR THE REASONABLE EXPECTATION OF PRODUCTION IN ORDER TO HAVE VALUE.

We saw what happened to housing when banks started lending trillions against houses and other commercial real estate that wasn't backed by real value or a reasonable expectation for the borrower to pay back.....THANKS BENNY, sure subprime was contained.......

When government issues money, it too must be backed by production or the reasonable expectation of production, otherwise it is illusory as there is no consideration backing the currency and eventually the money becomes worthless as people/the market reveals the nature of the fraud.

HERE IS WHERE THE FUN PART COMES:

Right now, America is running a deficit backed by outright printing and nothing else...we call this QE1 and QE2.....and it is not just any amount, it is a massive $1.6 trillion dollars per year...enough to pay 32,000,000 American families $50,000.00 per year...which is coincidentely about the same number of people who work directly for government or receive contracts/grants from government.

Since this money is printed out of thin air.....AND NOT GENERATED FROM TAXES.....it becomes questionable to determine who is entitled to it.....and how much?

Pretty soon, EVERYBODY wants it....military leaders want it to bomb babies already born......planned parenthood execs want it to kill babies not yet born (notice how I hit both sides of the aisle)...both want the money that doesn't exist to pay themselves and further their agenda.

However, neither is entitled to it.

In the Great Depression, we VOLUNTEERED/DONATED FREE food to the hungry....who stood in line for food.  Today, government counterfeits money it doesn't have, and banks issuing the food stamps and stores SELLING the goods are getting rich on that money we can't afford to pay out.

And we can only keep counterfeiting until the world forces us to stop by no longer accepting our currency for trade.

IMF: US 'lacks credibility' on debt...

IT WILL BE INTERESTING TO SEE HOW BOTH SIDES FIGHT OVER A DEBT CEILING THAT OUR ECONOMY HAS BECOME DEPENDENT ON TO FUNCTION......get ready for what could be a historic fight.

5 Comments – Post Your Own

#1) On April 12, 2011 at 11:00 PM, alstry (35.03) wrote:

When money is not backed by production....EVERYBODY WANTS IT.....AND LOTS OF IT.....

CLAIM: Detroit deserves bail-out 'at least' as big as one GM got...

and why not?.....printed money should not only be for bankers and Wall Street Execs......

let's give everyone $10,000,000 and force Jamie Dimon to give back half his compensation....

See how much fun it can be when everybody figures out the government can PRINT money out of thin air;) 

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#2) On April 13, 2011 at 1:52 AM, L0RDZ (84.26) wrote:

Yawns  damn I must have forgotten to attend classes...  O well...

 Hey throw some dollars to me and I'll redistribute them to needy attractive women  with small waistlines and pretty faces who don't mind engaging   LORDZ

 in some fudderwacking...

 

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#3) On April 13, 2011 at 8:08 AM, alstry (35.03) wrote:

Liberals angry over entitlement cuts

Of course Liberals are angry.....EVERYONE is entitled to money PRINTED OUT OF THIN AIR.....even LordZ.......

When ALL men are created EQUAL...why should only select ones get the printed money.

Remember when EVERYONE got 40 acres and a mule....back then that was money.......that was food, freedom, and the foundation towards one's future

Today, money is freedom in a specialized economy and society....and only select few are getting it......which will cause the interdependent economy to collapse.

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#4) On April 13, 2011 at 9:37 AM, L0RDZ (84.26) wrote:

Liberals and angry.... lol....

Alstry do you know how to juggle ?

The birds in my back yard also would like some newly printed dollars but since they can't use the money to buy them more bird feed they kindly ask that you please give their dollars to me so that I can hook them up  :)

Oh mister squirrel and the rabbits and chip munks as well as the huge hawk also want some  and for theirs to be given to the LORDZ

 

their kind benefactor and power of attorney  ~  person :)

 

 

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#5) On April 13, 2011 at 9:59 AM, L0RDZ (84.26) wrote:

Maybe we could print more money and build a bigger government who's job would be to distribute more money to people who like to feed critters and birds...

 

We can give the newly formed gov unit's new CZAR or CEO  a few million dollar bonuses for doing such a good job managing such an important task :)

Maybe we could get all of Obama's supporters friends and family members no show jobs in such an agency to improve the unemployment and jobs numbers...

JUst borrow more money and spend it,  it'll all be okay

After all IDIOTA  BIDEN  said in order to prevent yourself from going bankrupt  you need to borrow and borrow and borrow  to spend spend spend...

perfect logic makes sense lol

 

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