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alstry (34.92)

Why Its Over!!!!

Recs

18

February 23, 2010 – Comments (11)

Over 20% of the workforce is unemployed/underemployed

Over 50% of GDP is consumed by government spending

Over 20,000,000 highly paid Americans work for the government

Tax Receipts to government are down over 20%

About 20% of GDP is consumed by health care

About 2/3 of health care is directly or indirectly funded by government

Over 50,000,000 Americans are uninsured

About 40,000,000 Americans are on Food Stamps

Soon over 100,000,000 Americans will be dependent on Social Security

Tens of millions of Americans are dependent on welfare and the numbers are growing

NOW GOVERNMENT IS RUNNING A $2 TRILLION DOLLAR DEFICIT TRYING TO SUPPORT THE ABOVE AND MAINTAIN THE ILLUSION OF THE ECONOMY AS WE KNOW IT..........ADD IN PRIVATE BORROWING AND OVER 20% OF OUR GDP IS BEING SUSTAINED BY BORROWING MONEY.......

HOW LONG DO YOU THINK THIS CAN LAST BEFORE ITS OVER?????????????

11 Comments – Post Your Own

#1) On February 23, 2010 at 10:40 AM, Superdrol (97.25) wrote:

Haha.....I always chuckle when I see your posts.  I like the last part all in caps lock.  Makes the statement that more serious.

 

 

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#2) On February 23, 2010 at 10:44 AM, Superdrol (97.25) wrote:

Check out my post:

 

http://caps.fool.com/Blogs/ViewPost.aspx?bpid=341696&t=01001545002054304245

 

 

Probably the next 'mini crisis' will be states/municipalities.  Lotsa bond payments in the next few years.

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#3) On February 23, 2010 at 10:45 AM, blueberrygoo (74.94) wrote:

Ya almost think Alstry is behind this Chicago Sun Times article titled... "Doomsday is here for the state of Illinois"

http://www.suntimes.com/news/maxedout/2062132,CST-NWS-doomsday22.article

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#4) On February 23, 2010 at 10:49 AM, alstry (34.92) wrote:

You will soon notice as the world gets Zombulated....there will be more and more Alstrys out there.

Have you ever seen a person's face when they first get diagnosed with cancer?

Stay postive...this one is not terminal.....just the end of the world as you know it.

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#5) On February 23, 2010 at 10:54 AM, Superdrol (97.25) wrote:

Munis, lol.  The 'safe haven' is no more.  I think there are still a lot of people who view them like Treasury bonds.  Only problem is that they don't have a print press to churn out money.

 

Who cares about Greece really.  The problems in the states budgets is more problematic.  Esp, considering Obama ALREADY gave money to states for budget downfalls and they are all still bankrupt.

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#6) On February 23, 2010 at 10:57 AM, alstry (34.92) wrote:

Alstry was blogging about Munis last year....in the world of Alstrynomics it is an old story....but it will be a new one for most Fools.

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#7) On February 23, 2010 at 11:03 AM, Superdrol (97.25) wrote:

hehe

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#8) On February 23, 2010 at 11:11 AM, drgroup (69.48) wrote:

"HOW LONG DO YOU THINK THIS CAN LAST BEFORE ITS OVER?????????????"

Until the healthcare and cap and trade bills kick in. It is a simple equation tied to the cause and effect of these two civilization killers....

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#9) On February 23, 2010 at 11:20 AM, PSU69 (90.58) wrote:

You're negative spin factory is slippping!  What happened to the 104 posts a month pace?  Go buy some vitamins.

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#10) On February 23, 2010 at 12:01 PM, alstry (34.92) wrote:

It is not about negativity...it is about FACTS!!!!!

Countries around the world are going broke....

States are going broke.....

Counties are going broke.....

Cities are going broke......

Pension funds are going broke.....

Businesses going broke.....

Families going broke......

And the primary reason much of the rest of the economy is still functioning is because government is running a massive $2 Trillion dollar deficit....

It is not negativity........simply the end of a world as you know it.

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#11) On February 23, 2010 at 12:10 PM, Superdrol (97.25) wrote:

It's ok.  Just short the market. Hollllaaaaaaaaa

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