Use access key #2 to skip to page content.

alstry (36.08)

What SHOULD Scare The Heck Out Of The Rich, Retired, and Lazy

Recs

13

June 02, 2010 – Comments (11)

If the PRODUCTIVE people of the world stop producing......

Then all the money and gold in the world will be worthless......

When the Rich, Retired and Lazy get money without working.....and the productive people get less and less and less either through lower wages, losing their livlihood, or watching the moochers benefit from their labors or efforts ......how long do you think it will be before the productive people say ENOUGH!!!

 

Atlas is shrugging my fellow fools....as you play with your ticker....

Here a a few examples:

The fishermen in the Gulf......

The construction workers.....

The architects.....

The engineers....

The college grads unable to find work.....

When money(credit) becomes the driver of productivity, and you cut off credit, you shut down productivity.....and when you shut down productivity.....the only choice left to gain productivity often is fighting.....

Fears of new flashpoint; Israel prepares for showdown with two more Gaza ships...

It has been this way for thousands and thousands of years....man has faught man once their productivity became low enough or ran out....it was their only choice.

The other choice is to equitably restructure to a sustainable system.....but fighting has always been the easier choice for politicians....

11 Comments – Post Your Own

#1) On June 02, 2010 at 1:05 PM, alstry (36.08) wrote:

As Gerry Celente says....When people lose everything they have worked and labored for.....THEY LOSE IT!!!!

At least twelve people were killed when a gunman went on the rampage through one of the country's most popular tourist regions Wednesday before apparently killing himself.

Derrick Bird, a 52-year-old taxi driver, spent nearly four hours driving through the Lake District , reportedly shooting at people in 11 different locations from his car window.

http://www.breitbart.com/article.php?id=CNG.b0361bbbd8c854742a689918629f6e7f.281&show_article=1

Now everyone is a potential terrorist....not just the moose limbs.....because when your money/productivity is taken away....your freedom is taken away.

Report this comment
#2) On June 02, 2010 at 1:23 PM, nafeponline (< 20) wrote:

My neighbor is an very experiences civil engineer.  he has worked in both the private and public sectors.  He was laid off and has been out of work for several months. 

 

Nobody will hire him because he is too qualified.  Companies and municipalities are hireing interns and inexperienced recent grads because they are cheaper.  

 

he is willing to work for what ver anyone will pay him but they are still afriad to hire him.  I guess they assume he will leave as soon as something better comes along.

 

All i am saying is that I know some very productive poeple who are not producing.

 

John

www.nafep.com

Report this comment
#3) On June 02, 2010 at 1:44 PM, chk999 (99.97) wrote:

Who is John Galt?

Report this comment
#4) On June 02, 2010 at 2:21 PM, Entrepreneur58 (36.67) wrote:

Basic economics says that as the productivity of people drops, productive people will become more valuable.  As the production of productive people goes up in value, it will attract more and more people to be productive which will increase the productive population.  Just imagine if the government mailed everyone in the country a check for a million dollars.  Many people would quit their job and productivity would collapse.  This would cause wages and prices to skyrocket and eventually, at some much higher wage and price level, people would go back to work again.  Or think about it this way.....What would happen if ten percent of farmers stopped growing food?

Report this comment
#5) On June 02, 2010 at 2:30 PM, alstry (36.08) wrote:

What do you think is happening now as the bankers cut off the private sector from credit.......or oil fills up the gulf......or tax receipts evaporate and government must lay off teachers, nurses, police officers and firefighters....

keep watching the ticker.....it is nothing more than a flicker......before productivity gets so low that the only thing left to do is fight for survival.

One day, the  question may be whether we fight among ourselves or an outside enemy?

Report this comment
#6) On June 02, 2010 at 3:04 PM, alstry (36.08) wrote:

THIS WILL GET VERY INTERESTING AS OUR PRODUCTION SLOWS DOWN AND MONEY RUNS OUT.....

Community Medical Centers CA - 150

NY Mayor Proposes Cutting School Nursing Positions 

Hawaii Bankruptcies Filing up 34.4% 

NY Nearly Goes Broke Again , Delays Paying Bills

Caye Home Furnishings in New Albany Miss. - 600 Jobs Lost

L-3 Communication Systems-East NJ - 45 Engineers 

ALL THE PAPER MONEY AND GOLD IN THE WORLD IS WORTH NOTHING WHEN THERE IS NO PRODUCTION....

PRODUCTION IS GETTING VERY VERY LOW RIGHT NOW

AT&T Inc. - 136 More in East Bay

Update: Baltimore PD - 250 Layoff Notices

Dearborn Ritz-Carlton in Detroit Closes Today

Big Spring School District PA Considers Closing

Geweke Ford in Lodi CA

Report this comment
#7) On June 02, 2010 at 5:22 PM, smartmuffin (< 20) wrote:

Why exactly are you assuming that the rich and the productive are mutually exclusive groups?

 Sure you can eek out a living on the government dole with no effort, but it's hard to really get *rich* without producing SOMETHING...

Report this comment
#8) On June 02, 2010 at 5:30 PM, leohaas (31.35) wrote:

Entrepreneur58 is right, with one exception:

"Or think about it this way.....What would happen if ten percent of farmers stopped growing food?"

The answer here in the US is NOTHING. Farming is subsidized to overproduce. There is a good reason for that (hints for free market extremists: one bad harvest, and Marie Antoinette). We would not notice much difference in food prices if 10 percent of farmers stop growing food in the US. At worst, McDonald's would stop supersizing.

Report this comment
#9) On June 02, 2010 at 6:35 PM, alstry (36.08) wrote:

Many of the current rich are former producers who are retired....they are dependent on the continued productivity of the nation to remain rich.....

Many of our industries are shutting down except for those being subsidized by the government like health care, military,finance, and food.

A few years ago...Hovanian was selling well over a Billion dollars worth of productivity/new homes this quarter.....after a dismal quarter last year and many of the private homebuilders out of business...we cheer for this?

The company's shares rose 3 cents to $6.18 with 3.8 million shares exchanged after hours as the company reported its second-quarter results.

Hovnanian posted a loss of $28.6 million, or 36 cents a share, on $318.6 million in revenue compared with a loss of $1.50 a share on $398 million in sales in the year-ago quarter.

WHENEVER A NATION IS CHEERING FOR CONTINUED SALES DECLINES AND CONTINUED LOSSES....IT IS SIMPLY CHEERING ITS OWN ECONOMIC DEATH.

Welcome to the Digital Age...the Industrial Age is just about dead.

Report this comment
#10) On June 06, 2010 at 6:39 PM, alberta911 (68.38) wrote:

I am Rich, Retired, Lazy, and not scared.

Alstry...I do not need credit or tax breaks...heck I do not even need productivity...

 

Who should be scared?  People who are not rich, not retired, and not lazy..........

Report this comment
#11) On June 06, 2010 at 7:02 PM, Bman409 (< 20) wrote:

When the Rich, Retired and Lazy get money without working.....and the productive people get less and less and less either through lower wages, losing their livlihood, or watching the moochers benefit from their labors or efforts ......how long do you think it will be before the productive people say ENOUGH!!!

 

Interesting question, but off the top of my head, I would say, "Forever".... the productive people have throught history supported the nonproductive. What do you think a "royal family" is? That's something that still exists, all over the world. Royal families have existed for 1000s of years... every once in a while the people behead them and start over with another group of unproductive folks that they support.  Goldman Sachs is another example.... So... I think society has always rewarded the nonproductive, and will continue to do so in the future.

In the US, we've got less entitlements now than we had at times in the past. We've also got much lower taxes than they had, say, in 1950... or in 1985 under Ronald Reagan..


And yet, in the 1950s, the productive people continued to produce.. in 1985, the productive people didn't quit.. why?

 Because most people know no other way.. they get up, and do something productive. Its who they are... its their genetics... Sometimes they get rewarded for it... some times they don't... either way, they do what they do.

 

Report this comment

Featured Broker Partners


Advertisement