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alstry (35.69)

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June 10, 2009 – Comments (5)

Ask yourself....who will lend America money when it produces relatively very little in relation to the amounts it pays simply for welfare to its citizens? 

When we produced a lot relatively to the amount we paid in welfare....all was good as America Inc. was a great nation with a booming economy and strong dollar.

As American citizens.....if few will accept our dollar.....our dollar will devalue to the point where $1,000,000 won't fill up your car with gas while wages will never be able to keep up as most companies will go bankrupt.

Z Day is the day when the Fed and our government will be forced to make a choice due to ever increasing interest rates......restructure or destroy the dollar......if they destroy the dollar....America is doomed and none of us will be able to afford anything.....if they restructure....we go through some pain due to excessive borrowing......and then set the foundation to fight another day.

Which choice will Bernanke make???  Interest rates have climed so high that few are refinancing and mortgage applications are crashing.....just wait until home sales come to a screeching halt...we are already at 1980s prices in parts of CA......and 1920s prices in Detoit.

Z Day is soon here....what will Benny do?????

5 Comments – Post Your Own

#1) On June 10, 2009 at 1:17 PM, mliu01 (< 20) wrote:

restructure is a very hard choice to make. That means you take the pain today. It is a political suicide. Person made this decision will be put on the cross right away.

Printing is a choice you can make and kick the can down the road. Person who make this decision only need to pray that when hyperinflatin hits he won't be in the office anymore.

 So, Alstry, what do you think if you are the one to make that decision?

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#2) On June 10, 2009 at 1:18 PM, alstry (35.69) wrote:

There is only one decision to make....the other is suicide.

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#3) On June 10, 2009 at 1:26 PM, jddubya (< 20) wrote:

"Z Day is soon here....what will Benny do?????"

I can't wait!!!  Whatever he does, the sooner the better.  We're slogging around right now with no clear direction.  So if/when this so called "Z day" arrives it won't have been soon enough for me. 

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#4) On June 10, 2009 at 1:40 PM, mliu01 (< 20) wrote:

the other is suicide.

or you can say: the other will suicide,

The people make those decision are covered. They will get their final cut of the pie before everything ends.

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#5) On June 10, 2009 at 1:41 PM, mliu01 (< 20) wrote:

Alstry, To be frank, I am pretty sure the decision had been made a while back.

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