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alstry (< 20)

Wall Street Is Laughing Hard At The Sheep



July 11, 2010 – Comments (3)

We just bailed them out and they are continuing to cut off credit and outsource America......

By loaning America over $25 trillion in the past ten years.....Wall Street converted our economy from a production based economy into a PONZI like massively leveraged consumption machine.  It was borrowing that drove our production and jobs and as long as Wall Street loaned.....our economy thrived.

Without lending trillions of dollars each year to the private was mathematically impossible to sustain anything close to the consumption we had grown accustomed to...and borrowed against.

Atlantic City Casino Revenues Takes A June Swoon

And without that receipts evaporated and millions of jobs were lost....and many more are now on the chopping block.

The funny part is the only real entities with seemingly unlimited access to credit is STILL Wall Street and Washington....while the rest of the country is being cut off, shut down, and outsourced.  Should they be bankrupt too if America is bankrupt?


Right now, over 50% of the nation is dependent on the government for a check to live....OVER 50%! THE GREAT DEPRESSION, it was LESS than 10%.......

We have the highest percentage of non producing entitlement dependent citizens in our nations history.....AND THAT NUMBER IS GROWING....and with Wall Street cutting off credit.....revenues are collapsing, tax receipts are evaporating and soon government will not have any money to pay the over 150,000,000 Americans requiring a check each month.....

And guess how many "private" sector employees' jobs are dependent on those 150,000,000 spending each month?

A lot more than you think my little bo sheep......and you said nothing as we bailed out Wall Street and Washington AND THEY CONTINUED TO TIGHTEN CREDIT?

At least Alstry had over 2000 blogs documenting the Zombulation of America with link after link after link providing evidence after evidence after evidence.....FOR OVER TWO YEARS....while the rest of the nation lived in denial and couldn't take their eyes off the ticker.......until that one day soon when the ticker will likely go the Digital Age......

10 Brands that May Disappear in 2011

My guess is it will be a LOT MORE than just America's credit is cut off and its jobs outsourced and shut down....just like Detroit.......and Ohio, Indiana, Florida, Alabama. Louisana.....and much much more.

Expect over 50% of the world's oil supply to go offline in the relatively near future.....Wall Street, through its negligence, has already shut down a bunch with the Gulf Oil spill......if it happens it could be very interesting.

BP: Cap on Gushing Well Removed , Oil Flows Freely

Too bad none of the sheep really ever cared about America or the American people....Alstry was the last defense attorney representing the citizens against the tyranny of only bailing out Wall Street and letting the rest of the nation rot under a debt load mathematically impossible to pay back without extending massive amounts of credit to the private economy THAT WAS PRIMARILY BASED ON CONSUMPTION.....

as they were too busy eating pancakes and watching flat screen TVs.


3 Comments – Post Your Own

#1) On July 12, 2010 at 1:39 AM, tomatoflu (< 20) wrote:

Yeah....nearly all sheep do not know that the economy is like a room filled full of money which is all solid principal that was created as a loan, but there is not enough money in the room to service the interest on all that principal because it was never created.....If the sheep were to actually do the math, they would realise what the enclosure was doing and try to escape on mass.

Crikey have sheep been kept stupid.

Not all sheep are stupid and dumbed down, those are told that it will eventually happen, but don't worry, it wont happen in our liftime they are told.

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#2) On July 12, 2010 at 1:48 AM, tomatoflu (< 20) wrote:

yes, it is true.....I confess to having left if to the last minute to become aware of my mortal existance through 'finance' of all things

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#3) On July 12, 2010 at 1:59 AM, XMFDiogenes (87.11) wrote:

Alstry, a piece I would add was that in addition to overconsumption, the flattening of wages contributed to the ponzi economy by ensuring that our consumption would be debt-, rather than paycheck-fueled.

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