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alstry (35.65)

Why Should Anyone Work For Money?

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47

May 02, 2010 – Comments (11)

Bankers lose trillions...the government gives them trillions in interest free loans and bankers give themselves billions in bonuses.

Tax receipts evaporate.....no big deal, politicians give themselves raises and just borrow and spend even more.

As we end the industrial age....no one should really work for money because money is no longer money....it is simply evidence of an ever growing loan.

Today, you don't even need a job and the government will send you more and more money.....even if that money is not being generated by tax receipts.

The real question is why should bankers and politicians get more than let's say a farmer or builder or a soldier risking his/her life defending our nation?  What is that soldier defending....the willynilly disbursements of loans by bankers and politicians to whoever they want....generally themselves thesee days.

Is that our new freedom?

Why does someone on unemployment make MORE than many workers?  What incentive does the worker have to work anymore?

Since money is no longer constrained by limited supply, and simply evidence of an ever growing loan to bankers, politicians and those they choose to give it......why should anyone work for money anymore....shouldn't your elected officials and those you bailed out just give it to you just like they gave it to themselves and their families?

Why shouldn't soldiers be entitled to more money than politicians?  or bankers?  It is just evidence of a loan after all....and shouldn't we support those defending our nation vs. those infecting us with toxic financial instruments?

Soon you will understand...when the law of money is destroyed by those entrusted to protect it....the concept of money becomes illusory and no longer true consideration in contract.

Soon you will be asking yourself......why am I working for money when money is no longer really  money....at that point.....we will be entering the Digital Age.

And for those of you that think Gold and Silver is money.......it definitely used to be money....and it may or may not be money in the future.

 

11 Comments – Post Your Own

#1) On May 02, 2010 at 9:44 PM, alstry (35.65) wrote:

Replace the words "bang on the drums all day" to  be a banker today..........

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#2) On May 02, 2010 at 10:39 PM, Imperial1964 (97.90) wrote:

Wow, I'm rec-ing Alstry.  It's been a while since I've done that.

But I ask myself the same question every day.  I think if they ever socialize healthcare (Canadian-style, for example) I will quit my job.

But to answer your question of "Why...", it's because working is sustainable.  All these handouts are not.  You know the old saying, "If something can't go on forever, it won't."  Some day the government won't be able to borrow the money for it.  But when that time comes, the truly industrious will still have work.

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#3) On May 02, 2010 at 11:22 PM, goalie37 (96.98) wrote:

The day Alstry changes his mind and goes bullish will be the top.

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#4) On May 03, 2010 at 9:06 AM, alstry (35.65) wrote:

THE MONEY IS RUNNING OUT FOR THE FOLLOWING:

Movie Gallery Closing all 2,415 Stores: Report

At Least 50 Senior Centers in NY to Close by July 1

Thousands of fisherman shut down due to the oil slick.

Yet BANKERS AND POLITICIANS get to borrow as much as they want to stay in business.

The question is what makes bankers and politicians so special and not farmers, builders and soldiers who are getting their homes and business foreclosed?

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#5) On May 03, 2010 at 9:24 AM, lucangone (< 20) wrote:

What makes politicians and bankers special is that behind them, they have large gangs of teenaged boys carrying guns. These gangs are called 'armies' and together with other groups of violence-prone or maladjusted individuals called 'policemen', they hold us all back at gun-point, while their bosses, the banksters and politicians, loot the register. Otherwise, we would all be criminals, and it would just be chaos.

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#6) On May 03, 2010 at 9:29 AM, alstry (35.65) wrote:

It is an issue of balance....

America was founded on the principles of balance.

Balance between the strong and weak.

Balance between freedom and control.

Men and women defended and died for that balance.

When that  balance gets lopsided.....it must be rebalanced.

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#7) On May 03, 2010 at 2:03 PM, russiangambit (29.96) wrote:

> Soon you will understand...when the law of money is destroyed by those entrusted to protect it....the concept of money becomes illusory and no longer true consideration in contract.

When USSR fell apart and the inflation got out of control we used to pay handymen in vodka bottles and tabacco and sugar coupons ( those gave you a right to buy a certain amount of it, we had a shortage of everything).

Now seriously, the contract has been being destroyed systematically by the FED, the Treasury , the US government. But the sad thing is when everything falls apart and it is time for those in power to answer, they are long gone with their looted millions. And the new people in power say - we don't have anything to do with the mess, we are actually trying to clean up, don't balme us. So, who is to blame? It is always the hardworking, the responsible , the honest that get stuck with the ultimate consequences of others irresponsibility. In the end the US turned out to be no different from other countries in how they deal with the issues - extend and pretend until the final collapse comes. Very disappointing.

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#8) On May 03, 2010 at 4:42 PM, dinodelaurentis (56.52) wrote:

Solid point to alstry.

 I have spent a lifetime building the skills to use many tools of many different types. When things are bad, I'll use these skills to aquire what my family needs or trade them for services rendered. Or salvage assets, whichever...

Many folks spend their lives "gaining "assets; i've learned how to hold assets. Weapon use is good, weapon retention is better.

Lucangone,

         You should read about General Smedley Butler, a real american. wikipedia will introduce you, but his book is better!

                                   Dino D.

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#9) On May 03, 2010 at 5:04 PM, alstry (35.65) wrote:

dino,

I shoulda known you read Butler's book.

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#10) On May 03, 2010 at 6:04 PM, Quantemonics1 (99.70) wrote:

alstry,

When and why did you cover all your CAPS picks?  The end may finally be here folks...

I particularly like and agree with comment #7 above.

The "hangover" from the largest government intervention globally in the free market capitalistic system EVER, combined with the biggest ponzi money printing scheme EVER could be quite painful for all investors, consumers and savers in the second half of 2010... monster economic imbalances have now been created that are in serious need of correcting.

The problems of too much debt in Europe and too much money printing in China are starting to come home to roost... In America we have both - too much money floating around AND too much debt being acquired daily to keep the economy from imploding... Our day of reckoning is fast approaching... tick-tock, tick-tock... at some point soon I fear the clock will run out and America will have its own debt bomb to deal with.

-TigerPack

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#11) On May 03, 2010 at 9:42 PM, dwot (99.57) wrote:

"Why does someone on unemployment make MORE than many workers?  What incentive does the worker have to work anymore?"

Another point for Canada is why are pensions indexed to CPI when minimum wage isn't? 

In BC minimum wage has been frozen for 8 years whereas CPP insurable earnings have increased by 21%.  And actually, with some decreases in CPI the pension does not go down so pensions have gained 3% over the CPI over a 5 year period.

 

CPI increase compared to the CPP increase Consumer Price Index CPP Retirement Max

Rate October 2004   105.2 October 2004   $814.17

October 2009   114.6 October 2009   $908.75 %

Increase   9% % Increase   12%

 

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