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alstry (35.87)

9.09 Prepare.............2 B SHOCKED!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

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July 08, 2009 – Comments (18)

(MarketWatch) -- Central Intelligence Agency Director Leon Panetta told lawmakers that CIA officials misled Congress "for a number of years" since 2001, The Wall Street Journal reported Wednesday, citing a letter released from six Democratic lawmakers. The lawmakers said the CIA also withheld information about unspecified "significant actions," but didn't identify what those actions were or when Panetta made the statements, the report said. "This is similar to other deceptions of which we are aware from other recent periods, " it quoted the letter as saying.

 

Are you ready to learn the truth.  As you know, Alstrynomics is all about being RIGHT.  Soon U 2 will know.

Nothing should surprise you.

Prepare......Do NOT Fear!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

 

18 Comments – Post Your Own

#1) On July 08, 2009 at 9:15 PM, Varchild2008 (85.49) wrote:

More attempts to try and play 'Cover Up' for Nancy Pelosi's libelous insult against the CIA with no evidence much less proof to back it up.

She accuses the CIA of lying and when confronted to support that assertion she has the absolute worst press conference of her entire career...stuttering and looking all nervous and completely out of it..

The only lying is coming out of Congress and Pres. Obama for telling everyone that we "Desperately need to pass the Porkulous Bill in order to Make and Save Jobs."

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#2) On July 08, 2009 at 9:18 PM, mliu01 (< 20) wrote:

nothingburger on this one.

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#3) On July 08, 2009 at 9:19 PM, alstry (35.87) wrote:

Var,

Try to take a step back from politics on this issue......it crosses both sides of the aisle with tremendous force.

It is by in large why Alstry is politically agnostic.

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#4) On July 08, 2009 at 9:24 PM, cudakhan (< 20) wrote:

9.09 will be a serious threat to national security.  With the collapse of infrastructure war is inevitable.

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#5) On July 08, 2009 at 9:42 PM, alstry (35.87) wrote:

Alstry is one of the few experts on CAPs qualified to analyze legal fraud and deception....

We will see it in upcoming months at levels the world has never seen before........it has been clear to Alstry for some time.....soon it will be 9.09.

 

NEW YORK (CNNMoney.com) -- The Manhattan district attorney indicted 13 suspects and a mortgage company on Wednesday for running a $100 million mortgage fraud, in which they allegedly fooled banks into financing sham sales.

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#6) On July 08, 2009 at 10:00 PM, alstry (35.87) wrote:

THE FRAUDS WILL GET BIGGER AND BIGGER!!!!!!!!!!!!

When FDIC head Shelia Bair says her agency might have to bolster the FDIC's insurance fund with Treasury borrowings to pay for the new spate of bank failures, a lot of us, this 40-year banking veteran included, assumed there's an actual FDIC fund in need of bolstering.

We were wrong. As a former FDIC chairman, Bill Isaac, points out here, the FDIC Insurance Fund is an accounting fiction. It takes in premiums from banks, then turns those premiums over to the Treasury, which adds the money to the government's general coffers for "spending . . . on missiles, school lunches, water projects, and the like."

The insurance premiums aren't really premiums at all, therefore. They're a tax by another name.

Actually, it's worse than that. The FDIC, persisting in the myth that its fund really is an insurance pool, now proposes to raise the "premiums" it charges banks to make up for the "fund's" coming shortfall. The financially weakest banks will be hit with the biggest tax hikes.

http://seekingalpha.com/article/95129-fdic-insurance-fund-it-doesn-t-actually-exist

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#7) On July 08, 2009 at 10:18 PM, booyahh (< 20) wrote:

Yes, you're so brilliant. The CIA, which is a spy agency, is responsible for the financial crisis. They caused banks to lend to subprime borrowers, and they tricked Wall Street into mortgage backed securities. Did it ever occur to you that they're actually incompetent like most government agencies? If they were really as intelligent as you think they are, they could have easily planted and "found" the WMD that they were so sure existed in Iraq. The CIA is so incompetent, they can't even plant WMD !!!

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#8) On July 08, 2009 at 10:33 PM, alstry (35.87) wrote:

booyahh,

You are not even close....you better prepare.

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#9) On July 08, 2009 at 10:36 PM, alstry (35.87) wrote:

The FRAUD will get bigger and BIGGER!!!!!

SAN FRANCISCO, July 7 (Reuters) - U.S. mortgage fraud reports jumped 36 percent last year as desperate homeowners and industry professionals tried to maintain their standard of living from the boom years, the FBI said on Tuesday.

Suspicious activity reports rose to 63,713 in fiscal year 2008, which ended last September, from 46,717 the year before. California and Florida, centers of the housing bust, had the highest numbers of suspicious reports as foreclosures jumped, the stock market dropped and credit dried up.

“These combined factors uncovered and fueled a rampant mortgage fraud climate fraught with opportunistic participants desperate to maintain or increase their current standard of living,” the Federal Bureau of Investigation said in its report.

“Industry employees sought to maintain the high standard of living they enjoyed during the boom years of the real estate market and overextended mortgage holders were often desperate to reduce or eliminate their bloated mortgage payments,” it said.

Reports filed through March put fraud reports on track to top 70,000 in the current fiscal year, the agency said.

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#10) On July 08, 2009 at 10:37 PM, AdirondackFund (< 20) wrote:

Nice work Alstry.  I won't tell you everything I know, but it is BIG what is coming, the opening salvo being the 'loss' of Big Blue software and it's open distribution.  The CIA has known alot, all the way along.  But they are powerless to effect change, just because they know.  They are an Investigative Agency, not an enforcement arm.  That is for other people to know and to decide for themselves. 

 

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#11) On July 08, 2009 at 10:53 PM, alstry (35.87) wrote:

Ad,

As Alstry has said all along, the only question now is how does this play out.............................................................but one thing is for sure, the world as we knew it will never be the same.

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#12) On July 08, 2009 at 11:14 PM, alstry (35.87) wrote:

"The plan is based upon false premises," said Celente, Director of The Trends Research Institute, referring to White House projections used to sell the stimulus package to the nation.  To make their case, Washington warned that without the Obama stimulus, unemployment, then at 7.2 percent, would rise above 8 percent in 2009 and peak at 9 percent in 2010.

Yet, only midway through 2009, the unemployment rate is already 9.5 percent and rising.  "This is an enormous miscalculation," contends Celente.  "In real world terms, it means that 2.5 million more Americans than anticipated have lost their jobs. The inaccuracy of the forecast undermines the validity not only of the plan, but also of the planners."

Joe Biden sidestepped blame, pleading "guilty with an explanation."  Weaseled Biden, "The truth is, we and everyone else misread the economy."

NO!  "Everyone else" did not "misread the economy."  The Trends Research Institute read it correctly, and has been reading it correctly for decades.

"How often does the government have to be wrong, and how wrong do they have to be before people and the media stop taking them seriously?" wondered Celente.  "The first spending package didn't deliver as promised, and now Obama's advisors want another stimulus, as if doubling up on failure will achieve success."

"If we made forecasts as inaccurate as the Obama team's and implemented similarly unsuccessful plans, and then tried to salvage the situation by repeating exactly the same mistakes, we'd have been laughed out of business long ago," Celente said.

Celente contends there are but three possible explanations for President Obama and his "brilliant" team of economic advisors "misreading how bad the economy was":  

       1. They're ignorant, despite PhD's and impressive resumes.
       2. They are so arrogant they are incapable of acknowledging that anyone outside the incestuous Beltway circle could possibly get it right ... when they've got it wrong.
       3. They actually do know better, but are lying.

"None of these suffice as excuses," concluded Celente, "but the inability or unwillingness to make accurate forecasts appears to be a Vice Presidential prerequisite."  This past January, departing VP Dick Cheney sloughed off his administration's central role in accelerating the financial crisis and failure to head it off, claiming, "Nobody anywhere was smart enough to figure it out."

Anyone in the media interested in interviewing one person who was "smart enough to figure it out" should talk to Gerald Celente.

The Greatest Depression is at hand.  The stimulus, bailout and buyout packages being forced on the nation by an Administration that "misread how bad the economy was" will only lead to "Obamageddon": The Fall of Empire America.

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#13) On July 08, 2009 at 11:15 PM, UKIAHED (39.94) wrote:

Central Intelligence Agency Director Leon Panetta told lawmakers that CIA officials misled Congress "for a number of years" since 2001

 

Since 2001?  That’s rich – the CIA never lied before 2001!?  I don’t do conspiracy theories – but my expectation is that we actually pay the CIA to lie – kinda their job…

 

We were wrong. As a former FDIC chairman, Bill Isaac, points out here, the FDIC Insurance Fund is an accounting fiction. It takes in premiums from banks, then turns those premiums over to the Treasury, which adds the money to the government's general coffers for "spending . . . on missiles, school lunches, water projects, and the like."

Well, some of us were not wrong.  This is an accounting reality – not a fiction.  Does anyone actually think that there is an agency out there that has a big bag of actual dollars?  How about central banks – you think they have big bags of cash laying around?  How about pension funds – all that money invested in government/corporate bonds – an accounting (ahem) fiction?  The bank – you think they have “your” money in the vault – yeah right.  Social Security, Medicare – let’s not go there…

The FDIC is an “insurance” fund.  They use the word “insurance” for the general public because using the term – un-segregated general obligation of the United States of America would not fit on the sign at the bank (FDUGOOTUSOA…;) ).  At least as far as the idea that you and I may get our money back when a bank fails – it is effectively insurance.  Call them premiums, taxes, convenience fees – I don’t care.  You don’t like the extra taxes (that your bank pays)?  Put your money in a bank that does not pay for FDIC – good luck with that. 

I truly believe that every citizen should take a basic accounting class (governmental and private).  This could prevent so many “surprises”.  Maybe a contract law class as well (I was a victim of some unscrupulous sub-prime lender – give me a break – read and understand your contract).

 

NEW YORK (CNNMoney.com) -- The Manhattan district attorney indicted 13 suspects and a mortgage company on Wednesday for running a $100 million mortgage fraud, in which they allegedly fooled banks into financing sham sales.

 

This one – yeah – sounds like fraud to me.

 

 

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#14) On July 08, 2009 at 11:25 PM, UKIAHED (39.94) wrote:

cudakhan

With the collapse of infrastructure war is inevitable.

 

Depends on the speed of the collapse – I can envision the trail to collapse that is so fast that war would not happen.  Shock and disbelieve in events could delay response until it is too late to attack…

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#15) On July 08, 2009 at 11:27 PM, booyahh (< 20) wrote:

"You are not even close....you better prepare."

Alstry, I have -  I got out at Dow 8500, and will get back in below 7500 (let's see, hopefully lower, say 6500). I believe we're in a multi-year raging bear market - which means you keep your eyes open, stay alert, and play on the swings. We may very well be headed for a depression, or at least a Japanese style deflation.  

I wasn't criticizing your long term bearish outlook - I agree with you on that. 

My question is this: If the CIA were really as intelligent as you think they are, why didn't they plant and "find" the WMD in Iraq?

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#16) On July 08, 2009 at 11:32 PM, alstry (35.87) wrote:

boo,

Maybe they never intended to?????????????????????????

Now you are playing some high stakes poker.

Hence.....prepare.

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#17) On July 09, 2009 at 12:03 AM, ralphmachio (26.09) wrote:

As anyone who has studied false flag terrorism knows, the CIA only does a good enough job covering their tracks to fool the majority of Americans, therefore they can get away with a truly half-assed job.  The gaping holes in the official 911 story are laughable.  They are dependent on complacency, and the idea that we don't want to try to deal with something too complex and big for most of us to think about.  America really doesn't want to know the truth, and uses selective memory to keep the dream alive.  Minus the faith of the people, the government has about as much credibility and power as our currency.  

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#18) On July 09, 2009 at 12:33 AM, ralphmachio (26.09) wrote:

Alstry, why 

9/09?  Who would plan their attacks according to numerologically significant dates?  

Will this be a seismic event caused by ELF waves in some area that has a shady dam?  Just a wacky guess...

Or are we gonna nuke ourselves, and blame it on Bin Laden?  

Come on, you guys seem to know what is gonna happen, What's the worst thing that can happen by telling us WHAT to prepare for. 

 

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