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alstry (35.49)

9.09 Is Getting MUCH Closer

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August 12, 2009 – Comments (33)

HARRY Markopolos -- the whistleblower on Bernie Madoff who proved to be much smarter than the SEC -- says there are evildoers out there who will make the Ponzi scum "look like small-time." Markopolos gave a speech to 400 of the faithful at the Greek Orthodox Church in Southampton and predicted major scandals will soon be revealed about the unregulated, $600 trillion, credit-default swap market. "To put it in simple terms, it is like buying fire insurance policies from five different insurance companies on your neighbor's house and then burning down the house," he said.

http://www.nypost.com/seven/08122009/gossip/pagesix/scandal_bigger_than_bernie_184160.htm

Isn't that the exact same analogy Alstry was using not too long ago?  But what does Markopolos know?

The only problem this time.....we are all clients of Madoff.

Prepare....9.09 is getting MUCH CLOSER.

 

33 Comments – Post Your Own

#1) On August 12, 2009 at 5:52 PM, JerseyShoreGirl (< 20) wrote:

Alstry,  how are you preparing for 9.09?

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#2) On August 12, 2009 at 5:54 PM, alstry (35.49) wrote:

I was hoping some CAPS members could give some input on the issue.....that is what CAPS is all about, investors helping investors.

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#3) On August 12, 2009 at 6:13 PM, JerseyShoreGirl (< 20) wrote:

I think I share a lot of stuff I come across with the readers here ... you (and so many others out there) just keep saying "prepare, prepare" ... and I'm just asking for some elaboration from your point of view .. what comes to my mind is ... stock up on food/supplies, buy gold/silver, have extra cash on hand, be able to defend yourself/your family ... just curious if you and others are actually preparing and what you are all doing ...

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#4) On August 12, 2009 at 6:24 PM, Varchild2008 (84.26) wrote:

What about 9.12.09?  I'm looking forward to that date even more!

Million Man & Woman march to the Capital!  "No No We Won't Go!"

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#5) On August 12, 2009 at 6:24 PM, alstry (35.49) wrote:

I have actually been saying for some time all the things you just articulated...we are basically heading into a systematic insolvency which has never happened to our nation before.....

Government knows this is coming, the uncertain part is what is coming to us....

This might help shed some perspective on the problem:

http://mwhodges.home.att.net/nat-debt/debt-nat-a.htm

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#6) On August 12, 2009 at 6:34 PM, davejh23 (< 20) wrote:

Varchild - Are you going to D.C.?

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#7) On August 12, 2009 at 6:37 PM, JerseyShoreGirl (< 20) wrote:

Thanks .. as far as commenting on your Markopolus, what shocked me was the $600 Trillion figure (CDS mkt) .. that was a typo, right?

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#8) On August 12, 2009 at 6:42 PM, alstry (35.49) wrote:

Actually, some recent estimates put it over 1 Quadrillion......

And both poltitical parties are aware this is lingering out there....

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#9) On August 12, 2009 at 7:07 PM, debtRichQuick (< 20) wrote:

Would everyone calm down for just a second! Judas Priiiii!.

Alstry, if you had a hundred home owners and you tell them all to "prepare", without telling them, what to prepare for, it’s safe to assume confusion. Some will be preparing for a flood, others for a hurricane, some for a third world war, massive fires, rebel forces & martial law, power outages, shortage of food, flu outbreaks, and a whole host of other personal fears people want to conclude you are talking about.

I understand something big is probably up, and I have been around for enough Alstry predictions to know, that even if you don't believe it, you'd be a fool to totally ignore it....but let's be realistic here. It’s impossible for anyone at this point to prepare for all the unknowns.

Listen to Jersey Shore Girl…."stock up on food/supplies, buy gold/silver, have extra cash on hand, be able to defend yourself/your family". She is like many others trying to figure out just what she needs to be ready for.

We are less than 50 days from realizing what ever it is that you have found, and there is really no way anyone can prepare for the unknown by then. This is like N.O. Louisiana where people didn't prepare, once the storm was in sight, it was too late for anyone to prepare.

This is where they say, insurance rich, $$$ poor. You used to say, "don't fear, prepare", but at this point, telling someone to prepare for the unknown is really just telling someone to fear. This is my opinion of course.

Everyone just needs to calm down, enjoy your posts while they last (assuming a mass internet outage), and be alert. That is all one can really do at this point. Preparing was something one would do 6 months ago. You can't even get a generator that lasts more than 36hrs installed in the next 6 weeks.

The only preparation I'm doing is playing the lottery tonight. $180MM! Perhaps two 9s should be in the number selection. Hmmm, maybe nobody will win until Sept 9th...a Wednesday! Play Alstry 9 on the 9th???  Now we’re getting somewhere, I’m prepared to play!

In all seriousness, I think at this point, you are scaring people.  I think giving them an extra 30 to 50 days of no-fear is just given that whatever it is you see, will create enough fear at the time.

 

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#10) On August 12, 2009 at 7:24 PM, alstry (35.49) wrote:

debt,

You and I go way back....and I actually consider you a very close cyber buddy.

The problem we are dealing with is a systematic insolvency of incredible proportions.  It is something none of us know how it is going to play out and/or how our government will react.

So far the behavior has emasculated practically everything our nation stands for.

I have seen more laws broken in the last year than I witnessed in my entire legal career.  Finally, more and more are slowly creeping forward and telling the truth.

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#11) On August 12, 2009 at 7:27 PM, AdirondackFund (< 20) wrote:

To quote Warren Buffet for a moment, "It is during Recessions that you find out who has been swimming naked".  I think it is Alstry's point that the FED is swimming naked.  If that is the case, then we all have gone broke. 

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#12) On August 12, 2009 at 7:30 PM, RiverRover (95.42) wrote:

9/9/09....

last year we had 8/8/08

Before that  we had 7/7/07, and before that 6/6/06.....

 

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#13) On August 12, 2009 at 7:47 PM, bigcat1969 (96.97) wrote:

enjoy it while you can I fearlessly predict there will be no 13/13/13!

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#14) On August 12, 2009 at 8:13 PM, AdirondackFund (< 20) wrote:

The Warren Interview was spot on.  If the FED and the big banks, or dinosaurs as Warren called them, suddenly disappeared,  I doubt anyone would notice or even care.    

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#15) On August 12, 2009 at 8:23 PM, gldnlvr64 (< 20) wrote:

Debt, please don't waste $ on the freakin lottery.

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#16) On August 12, 2009 at 9:24 PM, alstry (35.49) wrote:

Ad,

My point is that practically everyone and everything is swimming naked...

Cities, Counties, States, Schools, Hopitals, Businesses, and Citizens, and The Federal Government.

This situation occured because of CDS and reckless behavior of our banking system loaning out trillions of dollars and infecting our entire nation with a debt load that mathematically can't be paid back once interest rates increased and credit was tightened.

Now it is a simple legal question, what is the obligation of the citizen to cover the debt/obligations of government?

For a practical projection, ask yourself how much do you think you politicians are willing to take from you so they can keep their jobs?

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#17) On August 12, 2009 at 10:15 PM, JerseyShoreGirl (< 20) wrote:

debtRich ... Thanks for further clarifying my question ... We can't know the 'how' unless we know 'what' we should prepare for .. and I have to admit, I've been taking Advils on a more regular basis since reading this blog .. not necessarily because this is news to me but mostly because it's hard to get my mind around the convergence of so many things going on domestically and internationally (not to mention the $Quadrillion CDS Mkt .. WTH?) ... But while it's important to be informed/prepared, LIVE WELL IN THE PRESENT .. and yes, play the lottery!

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#18) On August 12, 2009 at 10:18 PM, bullnada (< 20) wrote:

Al,

 Look at google trends. " greatest depression" You are on it. thought you would get a laugh!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

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#19) On August 13, 2009 at 2:15 AM, RonChapmanJr (98.49) wrote:

A simple way to prepare would be to stock up on everything you would need if you couldn't leave your house for 3 months.    Easy.

 

Hope for the best and prepare for the worst.

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#20) On August 13, 2009 at 9:22 AM, anticitrade (99.58) wrote:

Alstry,

Could you detail your exact predictions for 9/09?  I just want us to avoid the inevitable arguement of who was right and who was wrong come September 1st.  Ideally your predictions will be quantifiable and easily measured.

This is my way of "preparing" for the future.

Anticitrade

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#21) On August 13, 2009 at 9:35 AM, alstry (35.49) wrote:

I actually don't have an exact prediction.....it will simply be an event that makes the issue of money meaningless as America can no longer afford to service its debt.

The issue can be one of many things...such as economic collapse, war, pandemic, massive devaluation of currency etc...

Our nation is insolvent and few really want to deal with it as we go deeper and deeper into debt with the Primary Dealers and Wall Street bankers.....

Eventually they will want to be paid...they could ask for our children via war, our assets via foreclosure, or our nation......we will see, but I can gurantee you as they continue to extort our nation....things will get MUCH worse economically going forward.

If they devalue our currency, then you will want to hold metals.  If they crash the economy, then you will want to hold cash.  At this point, the current Zombulatin policy is the put the Titanic on high speed and head directly for the ice berg.

You question is like asking where will the life boats be after the ship splinters apart?

My response is put on a life vest and hope you can find one.

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#22) On August 13, 2009 at 9:51 AM, anticitrade (99.58) wrote:

So....   You are right if by the end of 9/09 money is meaningless to Americans?  Or just that some "event that makes the issue of money meaningless as America can no longer afford to service its debt".  I don't want us to reach the end of 9/09 and you say:  "The big event was that some city in the state of California couldn't afford fireworks."  So I am pegging your prediction to one of the issues you mention:  "economic collapse, war, pandemic, massive devaluation of currency etc..."

If none of these things occur in a generally acceptable way, you are wrong.  If one does, me and every other rational person I know is wrong.

Good luck!

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#23) On August 13, 2009 at 9:52 AM, anticitrade (99.58) wrote:

So....   You are right if by the end of 9/09 money is meaningless to Americans?  Or just that some "event that makes the issue of money meaningless as America can no longer afford to service its debt".  I don't want us to reach the end of 9/09 and you say:  "The big event was that some city in the state of California couldn't afford fireworks."  So I am pegging your prediction to one of the issues you mention:  "economic collapse, war, pandemic, massive devaluation of currency etc..."

If none of these things occur in a generally acceptable way, you are wrong.  If one does, me and every other rational person I know is wrong.

Good luck!

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#24) On August 13, 2009 at 9:55 AM, alstry (35.49) wrote:

Bingo!

As I have said many times, MOAP is like pornography, you will know it when you see it....if you have to think about it, it is not MOAP.

Fair enough?

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#25) On August 13, 2009 at 10:56 AM, anticitrade (99.58) wrote:

Suprsisingly fair.  Do you hope your wrong?  Or have you become so invested with this idea that it is more of a win/win situation?

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#26) On August 13, 2009 at 11:50 AM, alstry (35.49) wrote:

No it's not......our nation and its citizens are being extorted by a few bankers...our economy is being detroyed as we are being told by the banker controlled media that all is fine.

When we fail to count those who have been unemployed for over a few weeks as unemployed, you know there is a problem with integrity.

When more are being fired, it is not a good thing.

When more homes are being foreclosed, it is not a good thing.  Not just for those who are getting foreclosed, but for everyone who owns a house in that neighborhood.

When more are going bankrupt, it is not a good thing.  Not just for those going bankrupt, but for the remaining citizens of the nation who have to support them.

When more businesses are shutting down, it is not a good thing.

You should start seeing the picture soon....9.09.

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#27) On August 13, 2009 at 11:50 AM, jddubya (< 20) wrote:

#25  - Alstry[nomics] has stated many times that he hopes he is wrong.

The thing is, he has been wrong and fails to even acknowledge that fact (calling the top in April at 8300 is one of many).

He makes statements that he does not adhere to - by his own words, his blogging should be nearly non-existent at this point until 9/09.  AND by his own words, if the so called MOAP does not come to pass, he will "dematerialize into cyber ether" - see comment #8 from the link:

http://caps.fool.com/Blogs/ViewPost.aspx?bpid=240107&t=01002130057764754273

He called a top WRONG.  He predicted 50% unemployment WRONG.  He ignores valid questions about his assumptions and conclusions.  This "Alstry" has no Integrity.  It's ridiculously funny, yet sad,  to see some others here buy into this 9.09 doom and gloomishnes (reminds of Y2k)

Oh, almost forgot again - Alstry is counting the number of comments I make on his blogs.  This is number 1 so far on this blog.

No doubt I'll be accused of bashing Alstry, but those that accuse eventually see that I'm not.  Helping Alstry meet his hopes of being wrong - that's all I'm doing.

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#28) On August 13, 2009 at 11:53 AM, alstry (35.49) wrote:

jd,

I simply thought the top of the market would be a top of a 125 PE.....now that we are over 140....my guess is we are much closer than before.

But as I stated before, any hard top call has a 10% margin of error and we are just a few percentage points above that range.

It is quite surprising that for a person who has brought my hard top call up so many times, you fail to acknowlege the 10% margin of error.

But since you fail to contribute much on your own blog, it is consistent with your personality.

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#29) On August 13, 2009 at 12:14 PM, jddubya (< 20) wrote:

You made the call in April..."Right here, Right now" I suppose you're not only going to say +-10% but you're also going to say there is no time limit -  being 3,4,5,6,7,8 months early on the call is no big deal?  Well it is a big deal for anyone who took that call seriously.  And I've no doubt that you're not acting on any of this nonsense you post or you'd have taken major losses since April.

http://caps.fool.com/Blogs/ViewPost.aspx?bpid=187819&t=01002130057764754273

I understand that there's no point in arguing with you... like I said, I'm just trying to help you attain your hopes of being wrong.  Unfortunately there's nothing I can do to help with your integrity, as you've already flushed that...

This is comment #2 from me on just this one blog!  Wow! (I expect now to be ignored by this blogger)

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#30) On August 13, 2009 at 1:32 PM, VExplorer (30.81) wrote:

jd,

YOU ASK: being 3,4,5,6,7,8 months early on the call is no big deal?

IMHO: yes, it is not big deal.

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#31) On August 13, 2009 at 1:34 PM, Londamania (63.12) wrote:

It's amusing you used the Titanic analogy the way you did.  The reason the titanic sank is actually because they tried to avoid the iceberg, just missed doing so, and it gouged a tear under the water line across the whole ship.  Post mortem, if the ship had just run directly into the iceberg, it would not have sank.  It had enough watertight sections to accept the breach of the first quarter of the ship and still float.  Still would have been ugly, but not nearly as tragic.  Which may very well be what happens here as well.  As you say, none can say.  However, NO ONE has a vested interest in seeing us go down.  At least, not the people we owe money too. 

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#32) On August 13, 2009 at 2:13 PM, alstry (35.49) wrote:

Actually, the bankers have a vested interest in us going down.  If America fails, as the debt holders, they own what is left free and clear. Think of all the farmland, beaches, hotels, natural resouces, etc....

Could you imagine how much you could eventually make foreclosing on all of the above?

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#33) On August 13, 2009 at 4:18 PM, jddubya (< 20) wrote:

VExplorer,

Ok, not a big deal for you, and actually not a big deal for me - because I didn't take action on that call.

If one were to have taken action based on that top call they would have missed out on ALOT of gains.

Alstry - this is my 3rd comment, out of 30+ comments... less than 10% of the comments on this blog!

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