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alstry (35.21)

2009....An Incredible year

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11

December 16, 2009 – Comments (4)

20% Unemployment

Over 5000 Auto Dealerships slated to shut Down

Tens of Thousands of Retailers shut Down

Millions of Home Foreclosures

Starting 1.01.10....Construction in America less than 20% of what it was just a few years ago

2/3 of Architects unemployed

Transportion running Down over 20%

Imports/Exports down over 20% worldwide

AND ALL OF THE ABOVE WHILE GOVERNMENT RUNNING A $2 TRILLION DOLLAR DEFICIT AND NOW WE HAVE TO START WORRYING ABOUT INFLATION!!!!!!!!

The insane part is that in light of the above, government and banks have unlimited access to free money while families and small business are suffering massive interest rate increases and getting cut off from credit....the classic implementation of a Zombulation policy driving the private economy into the ground.

As a result, tax receipts are so low that even if we tripled income taxes......it would not be near enough to bridge the deficit.......as we head into 1.01.10, our economy is structurally broken  confirmed by Paul Volcker on Friday in  a speech in Berlin.

Only those with access to free cash will be able to endure for any sustained period of time......the rest will fail as revenues and assets will not  be sufficient to cover expenses.....especially when government is forced to increase taxes.

We knew this in 9.09 when the FDIC, FHA, FNM, and Pension Guaranty were out of money.

We started to feel it by 11.10.9 when cities, counties, and state started firing tens of thousands of workers.....

And on 1.01.10......we reach concentric contraction where survival or failure becomes dependent on one's ability to access funds from government or bankers.....

It is not hard to see, simply hard to believe it is actually  here.........................................

4 Comments – Post Your Own

#1) On December 16, 2009 at 8:49 AM, alstry (35.21) wrote:

The Effects Of Zombulation is not just limited to America and now impacting critical industries....

Ottawa-area hospitals are facing at least $51.6 million in cuts to balance their budgets, and some are contemplating closing beds and laying off staff. The cuts represent about two per cent on total budgets of $1.8 billion among the city's six hospitals, and the shortfall could grow if the province imposes a funding freeze next year. "If we get a zero-per-cent (increase), we're going to have to close some beds," said Daniel Levac, chief financial officer of Bruyère Continuing Care.

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NHS maternity services in meltdown: A former midwife reveals how understaffed wards are sinking into chaos

 http://www.dailymail.co.uk/health/article-1235921/Midwives-meltdown-A-NHS-worker-reveals-understaffed-maternity-wards-sinking-chaos.html#ixzz0ZrLNkjWB

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#2) On December 16, 2009 at 9:39 AM, jddubya (61.57) wrote:

"And on 1.01.10......we reach concentric contraction..."

But... but... this is what you spewed back in January 2009:

"Concentric Contraction has arrived and is hitting the shore with full force."

LOL - YOU WERE WARNED!!!!!! ALSTRY RE-RUNS!!!!!!!

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#3) On December 16, 2009 at 10:05 AM, alasker (< 20) wrote:

Hey Alstry:

Did you read the drudgereport headline about a gulf currency. They have been discussing this for a while, I wonder if it will actually happen, probably not.

http://www.telegraph.co.uk/finance/economics/6819136/Gulf-petro-powers-to-launch-currency-in-latest-threat-to-dollar-hegemony.html

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#4) On December 16, 2009 at 10:37 AM, jddubya (61.57) wrote:

"NHS maternity services in meltdown: A former midwife reveals how understaffed wards are sinking into chaos"

This is not a 2009 event... :

http://www.nhs.uk/news/2008/07July/Pages/MaternityservicesintheUK.aspx

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