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alstry (35.09)

When Lies Become Truth....It's Over

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February 28, 2010 – Comments (4)

Mish does an excellent job showing how reported rising retail sales are a lie....

http://globaleconomicanalysis.blogspot.com/2010/02/retail-sales-rise-where-lets-take-look.html

It is only a matter of time before the rising numbers of unemployed realize they have been had...by bankers and politicians working for bankers.  That bankers and politicians simply created the largest ponzi scheme the world has ever seen by infecting America, BUT MORE IMPORTANTLY its states, its local governments, its schools, hospitals, its businesses, and families with such an enormous amount of debt that can ONLY be serviced if new credit was advanced each year.

They will learn that essentially their entire retirement was based on buying a variety of debt obligations from their bankers, brokers and advisors that mathematically can't be paid back without making currency worthless. 

They will ask why can bankers borrow from government for free and loan the same dollars back to government at much higher rates and citizens can't?  Where is equal treatment under the Constitution?

Citizens will start to ask why do citizens get cut off from credit but bankers get bailed out with endless credit?

Many will wonder why do politicians get paid when their constituents can't generate enough revenues to pay their salaries?

Citizens will get angry and revert back to the principles founding our nation like no taxation without representation...don't tread on me.....give me liberty or give me death.

What citizens may learn is the bankers cut them off of credit, shut down the economy, destroyed their retirement and voided all liberty through giving us a war like the world has never seen.

The above are simply the consequences of what happens to a nation when those who should know...dont...those that should feel...don't......and when it happens, bury their heads in the sand.

4 Comments – Post Your Own

#1) On February 28, 2010 at 5:59 PM, alstry (35.09) wrote:

BLAME IT ON THE SNOW.....

Few homes closing......Blame it on the snow

Few people working....Blame it on the snow

Few cars selling......Blame it on the snow

Retail sales falling...Blame it on the snow

Tax receipts crashing....Blame it on the snow

Zombulator or snow......welcome to the show.

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#2) On February 28, 2010 at 6:04 PM, PSU69 (90.52) wrote:

alstry = astray

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#3) On February 28, 2010 at 6:12 PM, Turtleread (66.85) wrote:

What would really scare the pants off them is if a few new viable political parties came into being.  Fat or slim chance of that happening!

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#4) On February 28, 2010 at 7:26 PM, alstry (35.09) wrote:

Germany's Merck to buy Millipore for $7.2 bln cash

You can consolidate most companies into a few in the digital age........you simply don't need as many people working when sales and management can be leveraged and delivered digitally.

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