Comments on: Weak economy stalls economy

By: woody188

woody188 — Tue, 07 Jun 2011 01:15:42 +0000

Those individuals and institutions means your 401(k), pensions, and hedge funds. We can forget about retirement. Retirement will come to mean the day we fall into the grave.

By: Carl Nemo

Carl Nemo — Tue, 07 Jun 2011 00:44:26 +0000

I thought I’d supply a pie chart as to how much money “We the People” owe to ourselves and the world at large. Interestingly the greatest amount of promissory debt is on the domestic front and not to overseas entities.

http://www.ritholtz.com/blog/2011/03/who-does-the-us-owe-money-to/

Many folks working for the government and those that are retired somehow think that they have some type of ‘contract’ with Uncle Sam. Unfortunately he reserves the right to reneg at any time in the event it’s a question of the future health and safety of the Republic as opposed to monetary obligations to our citizens. So U.S. citizens best be prepared for a major ‘haircut’ in the months and years to come.

China and Japan represent a relatively small portion of this multi-trillion dollar debt obligation.

As far as people starving, fear not! America’s glut of fast food chains will take up the slack for shortcomings found on grocery store shelves at a price of course. / : |

Carl Nemo **==

By: woody188

woody188 — Tue, 07 Jun 2011 00:06:55 +0000

Ha ha, this “temporary soft patch” has been ongoing since 2009 when they announced the recession was over. Does anyone believe these buffoons any longer?

Record flooding means fewer crop yields this fall folks. Farmers around me are talking about the possibility of people going hungry as early as this winter, possibly right here in the US of A.

We’ve surpassed the record low housing level of the Great Depression. We have near the same level or the same level of employment as during the Great Depression. The only reason you don’t see soup kitchen lines like the Great Depression is because 1 out of every 7 Americans is on food stamps. That is not sustainable!

Prepare now or perish later. This is your last chance to get your house in order. No one can save you. You must save yourself. Please for the love of God prepare now!