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alstry (35.41)

What Americans Don't Want To Believe!!!

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October 30, 2009 – Comments (8)

Wall Street is shutting America down and  outsourcing most of our jobs.  We are simply overleveraged and Wall Street can no longer make any money lending so the only thing left to do is siphon off what little is left and shut us down.

What a joke....we used to call it efficiency when we took perfectly good jobs out of Ohio, or Michigan, or  Indiana and moved them to Asia or Mexico.  As long as we kept loaning to the rest of the American economy money, few could really feel.

Then we started outsourcing Architects, Radiolgists, and Tech Workers...but many still kept borrowing to maintain the illusion of granite countertops and big box retailers.

At that point, government grew so large that it basically became the economy and it was being sustained by tax receipts generated from massive spending and massive borrowing by the private sector driving ponzi revenues and profits.

Eventually, we simply borrowed too much and the bankers decided enough was enough by raising interest rates 17X on an overleveraged credit dependent domestic consumer based economy.....and things started to deteriorate.

You knew it was happening when credit was cut off to the private sector.....at that point.....America was on the path to be outsourced.  We really can't serve the bankers unless they can lend to us profitably....and if they can't lend to us, the only way for them to make money is to take from us and liquidate......exactly what has been happening for the past few years.

And if we are not borrowing, we are not spending and if we are not spending we are not generating much in the way of taxes.  In a nation where half of the world's largest GDP is government spending.....government needs lots of taxes........50% MORE than the GDP of China.

Unfortunately we citizens can no longer provide enough taxes so Government is shutting down and liquidating assets.

It should not be too much longer now....America's largest consumer, government is shrinking due to declining tax receipts...... and absent a massive deficit.....so will our GDP.

At that point...niether the consumer nor government will be able to serve bankers.....govenrment will be indebted to the primary dealers for so much that the bankers can simply foreclose on the nation, liquidate everything and outsource practically all to less leveraged lower cost economies.

Sorta strange isn't it.....without restructing debt, obtaining maximum economic efficiency is simply to shut down America and outsource most of it overseas......and your government has bought on to the concept.

Makes one FEEL a little more empathetic to all those earlier Americans who lost their livlihoods to efficiency over the past decade.....doesn't it????

11.10.9.....Now you Feel.

City of Des Plaines - 38

City of Kentwood - 30

Blue Cross + Shield of Florida - 150

Milwaukee County - up to 200

Fresno County - More Layoffs Coming

Ogle County - Budget Cuts = Layoffs

City of Tracy - 58 Layoffs Notices

Dutchess County - 70

Update: City of Birmingham - 800 More Layoffs

 

8 Comments – Post Your Own

#1) On October 30, 2009 at 9:00 AM, alstry (35.41) wrote:

EVEN ELECTRICAL CONSUMPTION EVAPORATING!!!!!

Ameren Corp., Constellation Energy Group, Calpine Corp. and Dominion Resources Inc. all saw lower demand for electricity pose a challenge for their revenue performance, the companies' financial results showed........

It is not hard to see....as America shuts down, we need less electricity.  Think how much money we will save!!!!!!

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#2) On October 30, 2009 at 10:00 AM, JHallaran (< 20) wrote:

You said it better then I could. I was making 100k+ per year up until 2008. Now in the last 2 years without a Job I have lost my life savings and there are no Jobs in my discipline - IT, all overseas. My credit is gone, cannot sell my Home in this market. I wonder how long will it take for me to restore what was at $5.00 per hour? At 56 years old I think I am screwed...

 Ex American Programmer of 34 years,  Jack 

Brilliant article, May I reference it?  

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#3) On October 30, 2009 at 10:04 AM, alstry (35.41) wrote:

Absolutely...and please feel free to make any spelling or grammer corrections.

This is a problem that many in our nation are or will soon be facing in the very near future based on current policies.

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#4) On October 30, 2009 at 10:06 AM, jesusfreakinco (28.86) wrote:

And how much more 'green' we will be...

What a joke global warming is...  I live in Denver and looking outside at 10" of snow - in OCTOBER!!!!!!!!

Hopefully  it'll at least stimulate the Colorado Ski economy.

JFC

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#5) On October 30, 2009 at 10:07 AM, Rebkong1 (< 20) wrote:

alstry this is the beginning of something that most people dont want to see or prepare themselves for

 

Get your Bible out America , evil is upon all of us 

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#6) On October 30, 2009 at 11:30 AM, alstry (35.41) wrote:

America Continues Shutting Down!!!!!

Production cuts and layoffs will continue through the rest of this year at Brunswick Corp. plants, as the company tries to sell off existing inventory and lay the groundwork for a better 2010.

Brunswick, based in Lake Forest, Ill., announced Thursday its sales were down 36 percent overall in the third quarter of this year, falling to $665.8 million from $1.04 billion. Net losses for the quarter ended Oct. 3 were $114.3 million.

Sales for the boat division, which operates three plants in Volusia and Flagler counties, fell 62 percent in the quarter to $118.2 million from $314.2 million in 2008.

On Thursday, Boston Whaler employed 260 locally; Sea Ray, 270; and Brunswick, 95, according to company spokesman Dan Kubera. That was down from 400, 500 and 100 two years ago.

http://www.news-journalonline.com/NewsJournalOnline/Business/Headlines/bizBIZ01103009.htm

Sales for boats DOWN 62%!!!  And Brunswick sells Boston Whalers to government. 

Looks like we can add 50% unemployment to boat manufacturers in addition to architecture, construction, auto manufacturing, real estate sales and mortgage lending.

If you are not prepared for a 50% pay cut or income drop....you are not prepared.

This should go over BIG at Goldman after they potentially make billions this weekend with the possible bankruptcy of CIT....

Part of that recovery, company officials hope, is the introduction Thursday of the Sea Ray 450 Sundancer, a cruiser designed for entertaining.

The 45-foot yacht -- which features a retractable sunroof, entertainment center with a grill and TV, and a media room -- will be built at the company's Flagler County plant.

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#7) On October 30, 2009 at 11:38 AM, alstry (35.41) wrote:

TIME IS RUNNING OUT AT TIME!!!!!

NEW YORK (MarketWatch) -- Magazine publisher Time Inc., part of Time Warner Inc., may cut more jobs as soon as next week, according to published reports Friday. Citing unnamed company insiders, the New York Post said that Time will lay off about 540 workers over a two-week period, with the news and finance group expected to be the hardest hit. Meanwhile, the New York Times reported that Time will cut $100 million in costs, which are expected to come largely from layoffs.

540 OVER A TWO WEEK PERIOD...JUST IN TIME FOR THE HOLIDAYS........

As stated above, if you are not prepared for a 50% reduction in income...YOU ARE NOT PREPARED.

11.10.9.....WHEN YOU FEEL!!!!!!!

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#8) On October 30, 2009 at 5:48 PM, jddubya (49.10) wrote:

"At that point...niether the consumer nor government will be able to serve bankers.....govenrment will be indebted to the primary dealers for so much that the bankers can simply foreclose on the nation, liquidate everything and outsource practically all to less leveraged lower cost economies.Sorta strange isn't it.....without restructing debt, obtaining maximum economic efficiency is simply to shut down America and outsource most of it overseas......and your government has bought on to the concept"

LOL - your paranoiac intuition is telling you that the banks are going to take over the government because they are owed money?!?!?!

LOL - who's supposed to enforce this debt owed?!?!?  The military?!?!!? Seriously, you are way too funny to limit your spewing to just this blogosphere..

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