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alstry (35.44)

Washington D.C. Is The Perfect Alstrynomics Example

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November 28, 2010 – Comments (5)

The Washingtion D.C. area is one of the most prosperous in the United States.....Fairfax, McClean, Alexandria, Bethesda, Chevy Chase, Potomac, Georgetown waft wealth into the air.......

For most of the past century....Washingtion D.C. flourished because much of the taxes of America flowed through the city and was redistributed across America and abroad.....with a bunch staying in D.C.

As manufacturing slowed in America....our Federal Government borrowed....and the more the Federal Government borrowed....the more D.C. prospered........right now the Federal Government has more $100K plus salaries than ever before....and all of the private business owners benefit from those salaries creating a concentration of wealth unlike any in the nation....

As we all know.....you can only borrow and spend until no one will lend.....the point of Zombulation....which is what happened a few years ago and now wide open for everyone to see with Bill Gross' letter titled Run Turkey Run and Benny the B's sad admission with QE2....

....leaving our broke central banker with only one option...to reduce himself to a counterfeiter.....and right now, counterfeiting is the only way the employees of D.C. are getting paid.

The entire Federal payroll is something UNDER $400 billion.......the Federal deficit is OVER 3X this amount.....and now we are counterfeiting the entire deficit.

IF GOVERNMENT IS NOT SPENDING 50% OF THE GDP....THE REMAINING 50% OF THE GDP WILL SHUT DOWN.......

Plus, if government is not paying D.C. workers generous salaries with counterfeit money.....The Washington D.C. economy would implode......and much of D.C. would resemble Detroit in very short order......

Military Peg Hourly Air Force 1 Cost at $180,000

It is strange times indeed.....where if our government is not counterfeiting and spending 50% of GDP, the economy implodes.......BUT if the government raises taxes on the other 50% of GDP.....the other half of the economy implodes and tax receipts evaporate forcing government to counterfeit even more..........making our money worthless in relatively short order.....

Bill Gross tells us the Fed is running a Ponzi Scheme

A Ponzi Scheme is nothing more than counterfeiting money

counterfeiting is nothing more than stealing.....

Moses told us God said that Thou Shalt Not Steal......

The bankers are doing god's work

Stealing is illegal and immoral under Judism, Christianity, and Islam

Ben Shalom Bernanke is counterfeiting and my guess is he is Jewish, Christian, or Moslem

Ben Bernanke is acting immorally under all three major religions since he is counterfeiting and stealing

and we are all benefitting from Ben Bernanke's behavior.........including Alstry, Alstry's family and Alstry's friends...and all of the Fools

At what point does a society's choice to act morally take priority over immoral prosperity?

If the society doesn't voluntarily choose the morality, sometimes that society is forced to act morally.....and such force can come in a number of ways....economic collapse and war are the two most obvious......

But you can read the Torah, Bible, and/or Koran for others.....

5 Comments – Post Your Own

#1) On November 28, 2010 at 12:22 PM, alasker (< 20) wrote:

Hey Alstry:

You have blogged several times that homes will have have no value- especially when you figure in the annual taxes and cost of owning a home. I was having a discussion with my parents who were making a combined income of ~22K in the 1970's- and bought their first home for ~30K with the help of a 2 unit rental property they owned. Yes loan rates were much higher then- but its essentially 1/2- 2 times income. If the median family income is 45K- then the average home price should be closer to 75-100K.

I also read an article (I forget the source- I apologize) that showed people in Iowa, with children, who maxed out their govenment benefits make more money than people earning 60K a year. Amazing. 

 

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#2) On November 28, 2010 at 2:49 PM, alstry (35.44) wrote:

abitare has the article you reference on his blog which comes from zerohedge.....

back when your parents owned a home in the 70s...America was producing more than it was consuming and property taxes and insurance were a fraction of what they are today.....

The only reason the median family income is 45K is because government is running massive deficits without the tax receipts to suppport such deficits...

At some point in the near future...Obama will be forced to make a choice, restructure the nation so it lives within its means...or go to war to defend our right to consume.....

both are very difficult and convulsive choices...

 

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#3) On November 28, 2010 at 3:09 PM, FreethinkerKW (63.89) wrote:

Alstry, I don't buy this if you mean taxing the wealthy will further dampen Economic growth : "BUT if the government raises taxes on the other 50% of GDP.....the other half of the economy implodes and tax receipts evaporate forcing government to counterfeit even more"

 Raising taxes on the wealthy will not bring down our Economy. The Oligarchs have had it too good for the beginning of this Century and are pushing the Country into class warfare.

In a time where dozens of wealthy Americans are calling for higher taxation of wealthy Americans, it would do us all good to look back at what the Bush Tax Cuts wrought: 

 http://crooksandliars.com/jon-perr/10-epic-failures-of-the-bush-tax-cuts

 

 In a rare moment of candor last week, the third-ranking Republican in the House admitted the failure of theBush tax cuts. "You know, I think it's fair to say, if the current tax rates were enough to create jobs and generate economic growth we'd have a growing economy," Mike Pence acknowledged, adding, "It's not working now." Given that the Bush years produced the worst economic growth in the past 50 years, Pence is sadly correct. But sadder still is the dismal performance of the Bush economy across almost every indicator that counts. From moribund job creation and sinking household incomes to skyrocketing deficits and record income inequality, Republican economic stewardship over the past decade has been a disaster.

Here, then, are the 10 Epic Failures of the Bush Tax Cuts:

(Open the link to see the Ten Epic Failures Of The Bush Tax Cuts which explains all ten failures with text, charts and graphs)

 http://crooksandliars.com/jon-perr/10-epic-failures-of-the-bush-tax-cuts

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#4) On November 28, 2010 at 3:21 PM, FreethinkerKW (63.89) wrote:

p.s. Bill Gross has no room to talk. He front runs the Fed and makes billions for the already wealthiest of the Oligarchs he represents. He is no patriot, that man. But he's good to read because you get to see how cold and calculating plutocratic sociopaths can be when making their investment decisions, no matter how many millions of Americans those decisions harm.

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#5) On November 28, 2010 at 11:31 PM, rafeal (< 20) wrote:

reallyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy

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