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alstry (36.32)

Why Banking Reform Is Impossible....Welcome Digital Age

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April 27, 2010 – Comments (6)

You can "reform" an insolvent institution without bankrupting it......and right now, the vast majority of our banks are essentially bankrupt.  And right now the banks are the lifeline to government spending.......spending money it DOESN'T have is the lifeline to the American economy.

Strange...government giving money to bankers who don't have money so bankers can lend that money back to the same government that never had the money in the first place....makes one think why do bankers get to have money for free and not citizens?

Without government spending massively.... tens of millions of Americans would lose their jobs and many many fortune 500 business would go bankrupt or shrink to a fraction of the current size.

WHAT THE RICH REFUSE TO ACCEPT IS THAT THEY ARE ONLY RICH BECAUSE GOVERNMENT AND WALL STREET IS EFFECTIVELY STEALING MONEY FROM THEIR AND OTHER AMERICANS BANK/INVESTMENT ACCOUNTS AND REPLACING IT WITH TOXIC PAPER.

If there was a bit if integrity in the system, every time government or Wall Street needed money it didin't have nor likely to repay........it should just tax every American right at that moment... instead of concealing the crime by replacing it with toxic paper AND ISSUING MADOFF LIKE STATEMENTS.  Sound familiar to the current GS hearings?

CAN YOU HEAR THE SHEEP SCREAMING AS TRILLIONS UPON TRILLIONS OF DOLLARS ARE TAXED OUT OF THEIR ACCOUNTS EACH YEAR.

By the way, this process really started with real significance around March of last year....when we started bailing out the banks and tax receipts evaporated.

The joke is the concept of private property rights is evaporating right in front of our eyes and so few can even see it.........

We have millions insolvent citizens losing houses, farms, and commercial real estate everyday...and to who???  Insolvent bankers of course who are only able to confiscate the private citizens property becuase the government financed the banks and not the citizens.  Soon, when government reforms the banks, bankrupts most of them.....and takes them over.....it will effectively own the citizens property.

In the digital age...if we proceed down the current path......the concept of private property will be a relic just like the concept of the king owning all the land around him used to be the norm.  KNOWLEDGE WILL BE WHERE THE WEALTH WILL BE STORED.

Life is simply a chess game........and the difference in skill is how many moves one can see ahead.  At this point....one can only be optimistic as the last few remaining dollars are quietly taken out of the citizens accounts.....because the truth is finally coming out......the world is insolvent....and when it emerges.....we will begin the digital age.

It is goon to now be Alstrymous.....your guide to the digital age.

6 Comments – Post Your Own

#1) On April 27, 2010 at 9:59 PM, ralphmachio (28.60) wrote:

Much better. Now I know what tot prepare for. What if I can buy land outright? Are they going to take something that is owned with no debt? What if it's in the middle of nowhere? Are you just referring to cities? If so, no $#!T, Sherlock.  

How long do you think america will let this occur? With houses all around, and nobody to buy them, why not just let people live? It is a much better solution for the sake of the banks and government than the mess they'd be dealing with if they attempted to take us on as a day care venture. What you are talking about will be the shortest lived age in human history. If they were bright enough to understand, I'd send every member of our government a Chinese finger trap.

Have you ever driven in NY? If enough people ignore the speed limit, there is not a damn thing anyone can do about it, and miraculously, life goes on. 

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#2) On April 27, 2010 at 10:06 PM, alstry (36.32) wrote:

One of my buddies vacation homes has property taxes of $60K and mainenance requirements of a few thousand per month....and he owns it free and clear.

A few years ago it was worth millions....today it is maybe worth zero if he is lucky.  You just don't get it.....yet.

Almost every investment you own is based on debt....that is only being serviced because more debt is being issued.......which is soon about to get cut off.

Take a look at Detroit if you want to see where real estate as you know it is going....or Kansas City.....or Toledo......or or or....

My friend....stay in the industrial age.....Alstrymous has left it behind.............

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#3) On April 27, 2010 at 11:23 PM, ralphmachio (28.60) wrote:

What If I bought a modest piece of land and built a simple log cabin on it, and the taxes were low. Someone gonna come take it just because nobody is allowed to own anything in the digital age? I think maybe the guy you are getting your info from needs to hear from the perspective of those who have no intention of humoring the silly desires of those who are going to push things too far. They are only still in control because they haven't pushed things too far- yet. Let's see what happens when they do. I've observed this mob for my entire life, and if you think you can rip the carpet out from under them after you've spoiled them rotten, and just have them go along with it, you may have another thing coming. The natural self defense mechanism of the mind (the one that makes most people feel good when they have a mainstream thought that does not go against the grain) that has allowed this situation to develop will soon be stretched to it's breaking point, and the sheep will grow fangs. 

And Alstry, I'm happy for your new project. But seriously, talking about how the system was screwed up didn't crash the market. I doubt repeating over and over that we are heading into the digital age is really going to work for stimulating the new .com business- just a thought. Your timing is a little off, thats all. Now's when you should be shorting the market! It was merely waiting for you to stop saying it would happen!

And why, in a million years, would I look at Detroit, or Kansas City? Or Toledo? Wait did you mean Spain? I'd rather find someplace in the mountains near the rust-belt, or up State NY, or maybe Vermont. Stuff's super cheap, and only going to get cheaper! I can be totally satisfied with a modest house as long as I got my art, my music, MY GREENHOUSE, and to be surrounded by nature.

So, let the digital age pass like a fart in the wind, I probably won't notice.

As far as your friend, I wish I had his problems, because I'd iron them out, simplify, and be totally satisfied AFTER I gave 70 to 80% of my excess wealth to some greater cause. Vacation home?! Taxes 60,G?! I am playing the worlds tiniest violin, just for your friend. Really. How ever will he make it? Will he sell the Porsche, or the Ferrari? 

 

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#4) On April 27, 2010 at 11:24 PM, ChrisGraley (29.74) wrote:

2) On April 27, 2010 at 10:06 PM, alstry (< 20) wrote:

 A few years ago it was worth millions....today it is maybe worth zero if he is lucky.  You just don't get it.....yet.

Tell your friend that I'll pay him 10 times that much.

 ;)

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#5) On April 27, 2010 at 11:56 PM, lquadland10 (< 20) wrote:

Yep 0

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#6) On April 28, 2010 at 1:38 AM, awallejr (77.67) wrote:

Alstry: A few years ago it was worth millions....today it is maybe worth zero if he is lucky.  You just don't get it.....yet.

Oh stop it.  Seriously.  Just stop it.  If your "buddy", whose existence I doubt, is paying 60k in annual taxes on property worth zero then he is a pure moron, unaware of challenging tax assessments.

No wonder your score is  <20.

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