Who Are The HandMaidens Of Our Economic Destruction?

Lester User ID: 1197773
12/29/2010 1:27 PM

Re: BREAKING: Baby Boomers' Retirements in Jeopardy Quote

Boston Univ economics professor Laurence Kotlikoff published a paper over the Summer. It was covered by the Wall Street Journal who excerpted section. Kotlikoff postulates that the TRUE National Debt, attributable to Federal Govt only in admitted and not admitted (unfunded mandates) totals over
$200 Trillion Dollars..
$207,000,000,000.

The Gross Domestic Product, GDP, totals about $4 Trillion per year, if government spending and contracts with industry are not included.

If America were to survive that 50:1 ratio of debt to GDP should be lower than 2:1

Remember, GDP is not "earnings". Earnings is a NET number, after all costs. A 5% rate of earnings is pretty decent for business that actually make things. This means If all profit America produced annually was as good as a 5% net profit, we could pay down the Total Estimated Natl Debt by about $200 Billion a year.....

$200 Billion in earnings divided by $200 Trillion in debt means 1,000 years to pay it off.


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Still think anybody is ever gonna retire?



Doesn't matter how much money Government "spends" with those it buys from and contracts with; even less how many persons it employs: Government makes no money!

All that has happened is the $200Billion actually earned as profit in non-government related industry has been stepped on the way a dope-dealer cuts their stash.

Government has spent another $4 Trillion in deficit admitted debt in 2010. Admitted Deficit is over $14T now. Was about $7 Trillion in 2007... Federal Reserve according to Bloomberg, spent $27 Trillion (backed by US Govt) to backstop foreign EU nations, our banks, their central banks, our corporations, their corporations... All that adds onto the debt.

Kotlikoff underestimated that one. Who knew the federal reserve was paying our money to foreign nations? Bump Kotlikoff's number up to about $240 Trillion....


Still figure it all won't just collapse?
Where is the money gonna come from?

Who the fuck has money to buy anything these days?
Taxes take about 80% from you, in one form or another...

How much longer you gonna pretend there is any money anywhere that will be worth anything when you need it?
How much longer will you even have electricity or other essential utilities?

Figure this is just Business As Usual?

The "Greatest Generation Ever Lived"! Sitting in warm, retirement homes, sucking on Viagra pills, enjoying the retirement that none of the rest will enjoy?

And they seem to be fixated on "the chickens will come home to roost", what are they, chicken pluckers?

Lester (OP) User ID: 1197773 United States 12/29/2010 1:34 PM

Re: Lester's Synopsis; On The Economy And Collapse... Quote

Interesting multi-page thread these days...
here is my most recent post to it below:


Lester User ID: 1197773
United States 12/29/2010 1:27 PM

Re: BREAKING: Baby Boomers' Retirements in Jeopardy Quote

Boston Univ economics professor Laurence Kotlikoff published a paper over the Summer. It was covered by the Wall Street Journal who excerpted section. Kotlikoff postulates that the TRUE National Debt, attributable to Federal Govt only in admitted and not admitted (unfunded mandates) totals over
$200 Trillion Dollars..
$207,000,000,000.

The Gross Domestic Product, GDP, totals about $4 Trillion per year, if government spending and contracts with industry are not included.

If America were to survive that 50:1 ratio of debt to GDP should be lower than 2:1

Remember, GDP is not "earnings". Earnings is a NET number, after all costs. A 5% rate of earnings is pretty decent for business that actually make things. This means If all profit America produced annually was as good as a 5% net profit, we could pay down the Total Estimated Natl Debt by about $200 Billion a year.....

$200 Billion in earnings divided by $200 Trillion in debt means 1,000 years to pay it off.


========================================

Still think anybody is ever gonna retire?



Doesn't matter how much money Government "spends" with those it buys from and contracts with; even less how many persons it employs: Government makes no money!

All that has happened is the $200Billion actually earned as profit in non-government related industry has been stepped on the way a dope-dealer cuts their stash.

Government has spent another $4 Trillion in deficit admitted debt in 2010. Admitted Deficit is over $14T now. Was about $7 Trillion in 2007... Federal Reserve according to Bloomberg, spent $27 Trillion (backed by US Govt) to backstop foreign EU nations, our banks, their central banks, our corporations, their corporations... All that adds onto the debt.

Kotlikoff underestimated that one. Who knew the federal reserve was paying our money to foreign nations? Bump Kotlikoff's number up to about $240 Trillion....


Still figure it all won't just collapse?
Where is the money gonna come from?

Who the fuck has money to buy anything these days?
Taxes take about 80% from you, in one form or another...

How much longer you gonna pretend there is any money anywhere that will be worth anything when you need it?
How much longer will you even have electricity or other essential utilities?

Figure this is just Business As Usual?
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Last Edited by Lester on 12/29/2010 at 1:35 PM
Lester (OP)
User ID: 1197773 United States 12/29/2010 1:44 PM

Re: Lester's Synopsis; On The Economy And Collapse... Quote

Interesting if you read the 16pgs of thread I cite above, it turns into a "let's blame the baby boomers" for all the shit we're in....


When America collapses, no one has an idea what to "do"...

Thank that fat-fuck, Alex Jones, for this. 13yrs of daily radio and the moron has NEVER discussed What To Do or How
To Get Ready; much less What To Do To Preserve Our Constitution and Nation....


Read that thread, and realize UNLESS you meet and discuss what is coming with your neighbors; you are in real jeopardy from all the individuals around you.

America is a Neighborhood, Ward, Precinct organized Government. We need to retain this and people need to Know Each Other and formulate plans to Keep their neighborhoods safe and handle contingencies On Their Own...



Collapse does not have to mean the end of America.
We were Betrayed and Looted by those who owed U.S. their fiduciary duty and trustworthiness...


Those who advise rioting, fighting, looting, burgling Natl Guard Armories or blowing up buildings; you can be sure these are Agent Provocateurs working to bring everything down so their PTB Masters can cover their tracks and keep all they stole and looted....