To fight budget deficits State’s should sell “Assets”

MY THOUGHTS:

Well it looks as though Henry has let the cat out of the bag as to the intentions of a few globalists and their cronies as to why this economic armaggedon was needed. I believe this is what many crooks within the State governments will attempt to do, sell off assetts or “less government” as the cry is by many in the Tea Party and Libertarian camps. I do not disagree with their cries for less government; however, we must specify what parts of government we wish to have “less of.” The sellinf off of “Assets like roads, bridges, state parks, public transportation systems, and universities,” by the sovereign states that comprise the United States of America would only hasten our descent and magnify our dependence upon the global economy. I bet, if the truth be known, this well-orchestrated plan and the propoganda Henry is spewing, is the means to the end, AGENDA 21.  The neo-liberal agenda of privatizing key insfrastructure is the premier tool used to destroy a country from within.  Just look at any of the countless neo-liberal privatization policies that have hindered the true national economic growth of a growing number of countries located in the Southern Hemisphere via loans and their conditions issued by the World Bank and IMF.  Welcome to the war Awakened-Americans, the war that has been going on all over the world for decades.  This war knows no borders or rules for that matter.  IN this corporatocracy the ends surely justify the means and as David Rockefeller stated in an interview with Benjamin Fulford in 2007, ” The supranational sovereignty of an intellectual elite and world bankers is surely preferable to the national auto-determination practiced in past centuries.” 

If the state governments sell it to the bankrupt federal government, the creditors of the federal government could have easy pickings in place of interest payments on the debts owed, or even more plausible is the possiblility of private individuals via their multinational corporations coming in and plucking up the desirable infrastructure, getting it at a fraction of the cost it would have cost them 3 short years ago. Isn’t deflation grand?! The crooks profit at the expense of others both on the way up and on the way down!

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Article referenced:

Broke States Should Save Themselves By Selling Off Roads, Colleges, And Other Assets, Says Altucher

Posted Aug 19, 2010 12:08pm EDT by Henry Blodget in Investing, Recession, Politics

One of the many looming financial crises in the United States is the horrendous budget shortfall faced by many states.

James Altucher, managing director at Formula Capital, floats an innovative solution to this problem.

Instead of raising taxes, cutting spending, or going even deeper in debt, Altucher says, states should sell off some assets.

What assets?

Assets like roads, bridges, state parks, public transportation systems, and universities.

If New Jersey were to sell the New Jersey Turnpike, for example, it would immediately raise tens of billions of dollars, which would radically improve the state’s financial health. And a private road operator might do a better job of running the turnpike than the state can.

Is that a crazy, wacko, radical idea?

In the case of roads, transportation, and other infrastructure, no. There’s actually plenty of precedent for it. And there’s no reason other than convention why city bus and subways systems are publicly run and interstate systems, including airlines, are private.

In the case of universities and state parks? Well, there, the idea is a lot more radical.

http://finance.yahoo.com/tech-ticker/broke-states-should-save-themselves-by-selling-off-roads-colleges-and-other-assets-says-altucher-535345.html?tickers=stra,apol,%5Egspsc,%5Edji,spy&sec=topStories&pos=9&asset=&ccode=

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~ by jrparrott on August 19, 2010.

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