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alstry (35.68)

9.09 MOAP is HERE!!! Finally....

Recs

27

September 16, 2009 – Comments (19)

Now America will learn that a nation simply can't produce little and print money to feed its people.  The world will no longer respect your currency, dump it, and move to other assets.

Evidence of this realization is the crashing dollar and rising gold prices....the world is finally saying enough!!!!

American business, government, and families are simply burdened with an unsustainable amount of debt.....and now that debt is defaulting destroying the profitability of our nation and tax receipts to government.....with tax recepits America must simply print currency and doing so will destroy the dollar.

The problem is America's economy as currently structured NEEDS to have a strong dollar so import prices can remain cheap.  If raw material costs skyrocket in dollar terms, few will be able to make and sell anything to Americans.....and since Americans buy pretty much everything in the American economy.....most will go out of business and 50% unemployment will only be a dream.

Tough decisions are going to have to be made very soon......one will be restructure....the other will  be war.....niether choice is fun...one leads to the end of the world as we know it and the other could very well lead to the end of the world.

 

19 Comments – Post Your Own

#1) On September 16, 2009 at 10:29 AM, jesusfreakinco (29.55) wrote:

Al,

The problem is America's economy as currently structured NEEDS to have a strong dollar so import prices can remain cheap. 

You've been a good student of my posts and the posts of TMFSinchy (and many other CAPS voices).  Nice to see you finalize realize that  there is cause and effect of USD weakness.  Got gold?  Got silver?

Inflation will not be a monetary phenom, but a currency phenom - our economy is much, much different than the 70s inflation crisis.  We are much more dependent on imports.  As the USD drops, import prices rise.  PPI released yesterday is reflecting this.  If CPI can't keep up with PPI, then margins will be squeezed.  Can you say STAGFLATION?  What about HYPERINFLATION?  Let's hope we only get Stag'd and not Hyper'd

JFC

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#2) On September 16, 2009 at 10:36 AM, alstry (35.68) wrote:

Either way JFC....you get a depression.

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#3) On September 16, 2009 at 10:42 AM, jason2713 (< 20) wrote:

You didn't hear?  We are out of the recession!

 

Current account deficit dips to $98.8 billion

WASHINGTON (AP) -- The deficit in the broadest U.S. measure of foreign trade shrank in the spring to the lowest level in relation to the total economy in 18 years, another dramatic sign of how much the recession had reduced America's appetite for foreign goods.

 

 

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#4) On September 16, 2009 at 10:45 AM, alstry (35.68) wrote:

IT IS ALL ABOUT TRUST IN THE END.....

GRAND JUNCTION, Colo. – Police say someone is using counterfeit $50 bills at yard sales in Colorado.

Police said Tuesday the fake bills have been used at least five times in two weeks. The user buys something with the fake bills and gets change in real money.

Investigators in Grand Junction haven't said how much money the scam has taken in.

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#5) On September 16, 2009 at 10:45 AM, jason2713 (< 20) wrote:

Next Leg Down Will Be "More Painful Than The Last," Pento Says

 

Puzzled by the strength and duration of the stock market rally? Michael Pento, chief economist at Delta Global Advisors, says it all makes perfect sense. "If the Federal Reserve is going to pay you less than 1% to deposit your savings... what are you going to do with that money?" Hence, the rally off the March lows.

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#6) On September 16, 2009 at 10:56 AM, jason2713 (< 20) wrote:

So if benny is right, and we are out of recession, then he'll hold true to his statement he'd raise interest rates in October.

If this doesn't happen....you will have your answer about the true state of the economy.

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#7) On September 16, 2009 at 11:05 AM, jesusfreakinco (29.55) wrote:

Al - you seem to be implying that a war will be manufactured in order to distract the sheeple from their anger towards Big gov.  Are you going to provide insight into this?  Are you expecting this to happen in 9.09?

JFC

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#8) On September 16, 2009 at 11:11 AM, jason2713 (< 20) wrote:

U.S. about to hit debt ceiling - againThe $12.1 trillion debt ceiling is fast approaching 'over the limit' status. Unless Congress raises it, Uncle Sam won't be able to pay what the country owes.

NEW YORK (CNNMoney.com) -- Congress has raised the debt ceiling four times in the past two years and will probably have to do it again in the next month.

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#9) On September 16, 2009 at 11:12 AM, booyahh (< 20) wrote:

dude, you're such a bad investor.

while you were ranting and raving, many of us were actually buying stocks and watching them go up.

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#10) On September 16, 2009 at 11:21 AM, jmt587 (99.88) wrote:

Wait, it's here?  This does not jive with your previous preaching, a few months back, which was (paraphrasing), "When the 9.09 MOAP comes, you will not need to wonder if it is the MOAP.  If you are not sure, it is not the MOAP."

I am not sure that the MOAP is here, so it is not.

Hooray!!!

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#11) On September 16, 2009 at 11:24 AM, Tacomatight (62.69) wrote:

yeah man...you really suck at investing its true.Youd have no real money if you were actually using dollars and not monopoly/MF Caps money. Oh Alstry. My portfolio is up 70% since March. You poor little crazy bugger.

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#12) On September 16, 2009 at 11:29 AM, JerseyShoreGirl (< 20) wrote:

The Ticker Guy is definitely aligned w/ Alstry.  Denninger definitely outdid himself on this and I think the most important thing he says is, "Why is the govt lying to us about this?"  I ask, "What do they have in store for us?"

Warning!  Deflationary Collapse Dead Ahead

http://market-ticker.denninger.net/archives/1439-WARNING-Deflationary-Collapse-Dead-Ahead.html

 P.S. Tune into Beck tonight .. he's going to be talking about the Fed monetizing the debt .... some more corruption to be exposed!

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#13) On September 16, 2009 at 11:33 AM, alstry (35.68) wrote:

Karl and I have been about six months apart in our projections....he is getting closer but still a bit behind....he is only up to 30% unemployment projections.

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#14) On September 16, 2009 at 11:36 AM, chiragpatnaik (< 20) wrote:

Even if the dollar weakens. The world needs America.

Did you know that fully half of the world's advertising dollars are spent in the US. 

While there was a risk of a double dip recession (an idea I subscribed to, a few weeks ago), that risk seems to be receding. In India for e.g. lots of companies have started to report growth in profits. All the people I speak to (who do business with America) say things are looking up. Orders are back. 

So, as they say. No smoke without fire.

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#15) On September 16, 2009 at 11:43 AM, alstry (35.68) wrote:

Pay attention to the dollar......

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#16) On September 16, 2009 at 11:50 AM, jason2713 (< 20) wrote:

 

Foreign demand for long-term US securities falls

Foreigners purchased $15.3 billion more assets than they sold in July. Still, that's a steep decline from June, when they purchased $90.7 billion more than they sold.

The Treasury is auctioning record amounts of debt to cover a budget deficit it estimates will hit $1.58 trillion this year. Some economists worry that if overseas buyers don't keep buying U.S. debt, interest rates could rise.

With consumers and businesses demanding less credit in the recession, Treasury's increased borrowing has not created problems in the broader credit markets, IHS Global Insight economist Brian Bethune wrote in a note to clients. But that could change if deficits continue to soar during an economic recovery.

"We could see a sharp clash between increased demand for credit in the private sector and persistently high funding requirements from the Treasury," Bethune wrote.

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#17) On September 16, 2009 at 12:30 PM, jason2713 (< 20) wrote:

Couple that with:

U.S. about to hit debt ceiling - againThe $12.1 trillion debt ceiling is fast approaching 'over the limit' status. Unless Congress raises it, Uncle Sam won't be able to pay what the country owes.

NEW YORK (CNNMoney.com) -- Congress has raised the debt ceiling four times in the past two years and will probably have to do it again in the next month.

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#18) On September 16, 2009 at 1:12 PM, jesusfreakinco (29.55) wrote:

Al

I am beginning to think you are listening to Jim Sinclair.  Welcome to the dark side.  Got gold?  Got silver?

JFC

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#19) On September 16, 2009 at 11:43 PM, AdirondackFund (< 20) wrote:

The Tokyo market at 43 times earnings should be telling us which side of the mania we are currently on.  Bloomberg adds further evidence in this article on Sentiment.  Net Foreign Capital/Investment Withdrawls are creating dollar sales as these American Investments are being unwound.  More Dollar pressure ahead. 

Here's the link:

 http://www.bloomberg.com/apps/news?pid=20601057&sid=aFzX3WQti4mg

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