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alstry (35.69)

9.09 The Collapse is BEGINNING....silence is irresponsible

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August 19, 2009 – Comments (27)

There is not enough money to support 100,000,000 Americans

There is not enough money to support government

There is not enough money to support health care......

CalPERS, the country's second-biggest buyer of health care services, urged Congress on Tuesday to act quickly to overhaul the nation's much-maligned health care system, saying there would be "a huge cost to inaction."

In a letter sent to California's congressional delegation, whose ranks include some of the most influential voices in the national debate, the nation's largest pension fund called inaction "an untenable policy choice."

"Without reform this year, we will not be able to sustain our health care system," said the letter, signed by CalPERS President Rob Feckner and the pension fund's chief executive officer.

The California Public Employees' Retirement System is expected to spend $5.7 billion this year on health benefits for more than 1.3 million public employees, retirees and their families. Only the federal government buys more health care services than CalPERS.

"We hope our voice will be heard. Being silent would be irresponsible on our part," Feckner said in an interview. "We want to be sure that health care becomes affordable for every American.

http://www.sacbee.com/topstories/story/2120908.html

Face the FACTS Fools, America is broke......unless we restructure soon, it will take MORE than every dime we all have to service and pay off debt as the Wall Street Bankers under the direction of Benny the B extract the last few pennies we have.......you can just see them laughing at America ...just LAUGHING FROM THE BOTTOM OF THEIR BELLIES.....watching the citizens squirm as they drain the money out of the private economy.

 

Alstry warned you....9.09 is just about here.

27 Comments – Post Your Own

#1) On August 19, 2009 at 2:39 PM, alstry (35.69) wrote:

WASN'T THE RECESSION OVER?

The city is at risk of running out of money sometime in the second quarter because it lacks a cash reserve.

There are significant consolidations and eliminations that are necessary to trim costs and prepare for the city’s 2010 budget.

“These are tough times and we’re going to have to manage through it,” Beckham said.

http://www.freep.com/article/20090819/NEWS01/90819031/1319/Bing-urges-appointees-to-embrace-challenges

THE CUTS ARE JUST BEGINNING....WHEN THIS IS OVER, SO MUCH WILL BE CUT YOU WON'T RECOGNIZE WHAT IS LEFT AS ANYTHING YOU KNEW BEFORE.

UNLESS WE RESTRUCTURE......

IF YOU HAVE EVER SEEN A PERSON AFTER MAJOR HEAD AND NECK CANCER SURGERY, YOU WOULD KNOW EXACTLY WHAT I MEAN ABOUT THE RESULT TO OUR ECONOMY.

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#2) On August 19, 2009 at 2:42 PM, mikecart1 (99.39) wrote:

What will you tell us when it is 10-1-09 and the stock market is above 10,000?

:o)

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#3) On August 19, 2009 at 2:50 PM, alstry (35.69) wrote:

It could be at 10,000 (I predict 5000).....but if our nation is starving and the government taxes100% of income and assets to cover the deficit, what difference does it make?

Somebody has to fund this debt.....it will be you and me and EVERY other American.

A highly influential American has finally hit the panic button about the tremendous mountain of debt the country is piling up.

Last year, Warren Buffett says, we were justified in using any means necessary to stave off another Great Depression.  Now that the economy is beginning to recover, however, we need to curtail our out-of-control spending, or we'll destroy the value of the dollar and many Americans' life savings.

http://finance.yahoo.com/tech-ticker/article/306287/Buffett-We're-Going-to-Be-Crushed-Under-Mountain-of-Debt?tickers=tbt,tlt,udn,uup,brk-a,brk-b,spy&sec=topStories&pos=9&asset=3c20db145fa7b98909e4f8c4fba0772b&ccode=1

The funny part about it we are all broke and we don't even know it......I have heard physicians describe some of their patients that way....especially those with advance heart disease or pancreatic cancer.

If we fail to deal with the issue, it will only get worse as it has gotten progressively worse since Alstry strated blogging.

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#4) On August 19, 2009 at 2:57 PM, alstry (35.69) wrote:

EVERYTHING BREAKS DOWN!!!  IF WE DON'T RESTRUCTURE

Hundreds of auto dealers in the New York area have withdrawn from the government's Cash for Clunkers program, citing delays in getting reimbursed by the government, a dealership group said Wednesday.

The Greater New York Automobile Dealers Association, which represents dealerships in the New York metro area, said about half its 425 members have left the program because they cannot afford to offer more rebates. They're also worried about getting repaid.

"(The government) needs to move the system forward and they need to start paying these dealers," said Mark Schienberg, the group's president. "This is a cash-dependent business."

http://finance.yahoo.com/news/NY-dealers-pull-out-of-apf-222731432.html?x=0&sec=topStories&pos=2&asset=c3dea7b8aeed39be4adae4bf11628949&ccode=2

If the govenrment doesn't have enough money to feed the hungry or pay its employees without borrowing trillions, how do you expect it to be able to reimburse little ole auto dealers?

ISN'T AMERICA A CASH DEPENDENT BUSINESS.....my goodness how thinking has broken down in our nation.

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#5) On August 19, 2009 at 3:18 PM, awallejr (82.46) wrote:

"It could be at 10,000 (I predict 5000)"

Holding you to this one  (though I don't see 10,000 until later in the year).

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#6) On August 19, 2009 at 3:23 PM, alstry (35.69) wrote:

Actually, 5000 may be very high if what I think is going to happen actually happens.

In the end it really doesn't matter.....5000 is simply points, and if we continue down this path, whether 1000,  5000, or 10,000.....the points will be worthless.....

Whatever points you have will  have to be turned over to the government as we all get zombulated due to the emergency needs of government.

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#7) On August 19, 2009 at 4:02 PM, JerseyShoreGirl (< 20) wrote:

This just in ....

WHY IS IT......IF YOU  CROSS THE NORTH KOREAN BORDER ILLEGALLY YOU GET 12 YEARS HARD LABOR......BUT IF YOU CROSS THE US BORDER ILLEGALLY YOU GET A DRIVERS LICENSE, SOCIAL SECURITY CARD, FOOD STAMPS AND FREE HEALTH CARE? WHO'S BRIGHT IDEA WAS THIS??????
Zombulation is finally catching up with us!

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#8) On August 19, 2009 at 4:05 PM, alstry (35.69) wrote:

As  the infastructure collape progresses...personal safety and not money may become the primary issue:

DAPHNE, Ala. -- About 35 residents of the Belforest and Park City communities are scheduled to have their sewer service disconnected at the end of August, if they do not make arrangements to pay for years-overdue sewer fees.

In June, Daphne Utilities officials mailed letters to some 65 homes in the two neighborhoods, demanding that customers pay or face disconnection after 30 days.

http://blog.al.com/live/2009/08/sewer_disconnection_date_looms.html

As Gerry Celente says, when people lose everything, they lose it.

Mobile man carjacked in front of own home

Awa,

I really don't give a damn whether you belive me or not....under current Zombulation policies.....America is shutting down causing tremendous stress to tens of millions of my fellow citizens while bankers get billions in taxpayer bonuses.

I have been documenting this with facts for a couple years now.

My advice to you is pay less attention to Alstry and more attention to your personal well being.....you will be better served.

FYI,

unless we restructure, you can't escape the Zombulator, it will get you one way or another.

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#9) On August 19, 2009 at 4:17 PM, alstry (35.69) wrote:

EVEN IF YOU ARE A FARMER!!!  Nothing escapes the Zombulator.

Yes, banks, farm credit and other financial institutions are tightening agricultural credit extension. Credit is still available, but information and collateral requirements from borrowers are increasing and being scrutinized.

For the most part, lending examinations of institutions loaning to agriculture are intensifying, particularly as bank failures in rural areas increase. The fallout from one institution with large ag credits under the eye of examiners was the shot heard around the country in lending circles.

Today, much of the U.S. farm debt is in the hands of the 300,000 commercial producers that generate 75-80% of the revenue. The financial difficulty faced both by lenders and producers is not the result of financing based upon inflated land prices. As revenues have decreased and input costs have risen, margins have been squeezed.

Financial leverage in the protein and livestock sector is the battlefront to watch this fall and winter. This could eventually impact the crop sector, which then could become the next big crisis!

http://cornandsoybeandigest.com/davidkohl/0818-FDIC-ag-bank-crisis/

 

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#10) On August 19, 2009 at 4:22 PM, jstegma (29.95) wrote:

In your case Alstry, silence is simply not an issue.  Even suggesting the idea is probably irresponsible.

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#11) On August 19, 2009 at 4:22 PM, JerseyShoreGirl (< 20) wrote:

Is American banking in Switzerland becoming a thing of the past? 

Swiss to reveal UBS accounts to settle U.S. tax fight

BERNE/WASHINGTON (Reuters) - Switzerland has agreed to hand over details of about 4,450 UBS AG bank accounts to U.S. authorities to settle a tax dispute that challenged Swiss banking secrecy and now threatens to spill over to other banks.

With Switzerland's famed banking secrecy under fire, the Swiss have also agreed to process requests by the United States seeking information from its banks besides UBS about account holders who may have tried to evade U.S. taxes.

"This announcement today should send a signal - no matter what institution you're with, the IRS is willing to pursue both the institution and the individual," Internal Revenue Service Commissioner Doug Shulman told reporters on Wednesday.

The accounts were at one time worth $18 billion, Shulman said, though he could not provide a current figure.

U.S. authorities would not name any other foreign banks under probe but the IRS is expected to use the Swiss deal as a template to pursue further prosecutions.

"The IRS is now gaining institutional skill and knowledge in how to pursue these types of cases and they're going to use that. This is, I believe, the beginning and not the end," said Peter Hardy, a former federal prosecutor and specialist in white-collar crime at Post & Schell in Philadelphia.

The UBS dispute had strained relations between the United States and Switzerland and challenged the latter's jealously guarded bank secrecy laws. The deal may add steam to a global effort among cash-strapped governments to crack down on tax-evading jurisdictions.

Full story here ..

http://www.reuters.com/article/newsOne/idUSLJ59987220090819?sp=true

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#12) On August 19, 2009 at 4:29 PM, alstry (35.69) wrote:

js,

In this forum, no one is forced to listen.  So if you think about it, I am only communicating to those that WANT to hear.

The irony is that those who complain the most are those who listen the most.........you wonder what is really going on in people's heads for some to be addicted to something they complain so much about.

I used to work in a deli serving a bunch of old New Yorkers....the personality is very familiar to me.

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#13) On August 19, 2009 at 4:41 PM, anoviceinvestor (< 20) wrote:

what is your day job?

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#14) On August 19, 2009 at 4:50 PM, mikecart1 (99.39) wrote:

Is JerseyShoreGirl your gf alstry lol?  You seem to share the same 'world is coming to an end' thoughts. :D

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#15) On August 19, 2009 at 5:08 PM, alstry (35.69) wrote:

mike,

I am an attorney.  As an attorney I have witnessed some pretty amazing things.  I once was a judicial clerk in a case where a boyfriend boiled an infant in a bathtub resulting in very disfiguring burns throughout the child's body.  That incident had a profound impact on me and my view of man's capacity to hurt another who is powerless.

I approach the current situation from a legal one....when you cut off credit to a overleveraged and credit dependent economy, you bankrupt the economy and most of those within it.

When people lose everything, they tend to act very irrationally.  Apply that to most members of a society, and the potential for distressing result is pretty high.  Apply it to the United States where the society is not socially prepared, and all hell could break loose.....while the rest of the world will likely cheer.

If you call that the end of the world, so be it.  If you think that it is a material change from the current paradigm most Americans have of America....you and I are aligned.

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#16) On August 19, 2009 at 5:17 PM, alstry (35.69) wrote:

ALSTRY IS NOT DOOM AND GLOOM, JUST LIVING IN REALITY

“Social Security could face default within two years,” U.S. Rep. Spencer Bachus predicted here Tuesday. “The situation is much worse than people realize, especially because of the problems brought on by the recession, near depression. What this recession has done to Social Security is pretty alarming."

“We’ve known for 15 years that we were going to have to make adjustment to Social Security, but we still through that was seven or eight years down the road,” he said. “But if things don’t improve very quickly, we’re going to be dealing with that problem before we know it.”

http://globaleconomicanalysis.blogspot.com/2009/08/rep-bachus-social-security-could-face.html

20 YEARS....THEN EIGHT YEARS....NOW TWO YEARS...SOON 9.09

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#17) On August 19, 2009 at 5:18 PM, mikecart1 (99.39) wrote:

We are aligned then haha.  :D

 

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#18) On August 19, 2009 at 5:22 PM, alstry (35.69) wrote:

24% is not a recession, it is a DEPRESSION!

A new monthly report released by the New York State Comptroller indicates that the tax collection weakness in Empire State continues. For the April-July quarter total tax revenue was $11.5 billion, $52 million below projection, and, more significantly, $3.6 billion below amount collected in the prior year period. For the Year To Date period, receipts, including transfers from other funds, through July 2009 of $15.7 billion were $190.9 million below Financial Plan projections released by DOB on July 30 and $4.8 billion lower than last year for the same period.

2 WEEKS AND ALMOST $200 MILLION IN THE HOLE....CAN YOU IMAGINE WHERE WE WILL BE IN 9.09

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#19) On August 19, 2009 at 5:33 PM, AtomixMan (83.63) wrote:

Alstry, you make good debate for what's going on with this country.. On one hand we may see another big dip, in the market(s), and since the market is ( Rigged/manipulated) and true capilalism is retarded (Held back).. On the other hand with much due dilligence, sucess can still exist. My grandmother made it through the Great Depression......

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#20) On August 19, 2009 at 5:47 PM, rofgile (99.00) wrote:

Hey Alstry,

 GM just hired 1000 workers back.   And added overtime pay for 10,000.

 -Rof 

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#21) On August 19, 2009 at 5:51 PM, alstry (35.69) wrote:

rog,

That is great news, but not much consolation for the 200,000 they fired and slashed wages.

atomix,

Fundementally, going  into this we are in much worse shape than The Great Depression.  Back then there were no entitlement obligations and very littlle in debt was relatively owed to the banks.

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#22) On August 19, 2009 at 5:55 PM, jddubya (< 20) wrote:

My advice to you is pay less attention to Alstry and more attention to your personal well being.....you will be better served.

This is the best statement I've ever read from Alstry[nomics]

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#23) On August 19, 2009 at 6:00 PM, alstry (35.69) wrote:

 

jd,

But obviously your addiction to quality information and analysis is simply too strong for your to resist and retreat back into your fantasy world.

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#24) On August 19, 2009 at 6:11 PM, Judochop172 (32.73) wrote:

http://www.nbcphiladelphia.com/news/weird/Womans-House-Mistakenly-Auctioned-by-Bank-53583357.html

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#25) On August 19, 2009 at 6:14 PM, JeanDavid (82.83) wrote:

I cross the border from Canada to the US from time to time. People who are merely suspected to be illegal get nothing except being denied entry, or being detained. One poor family all had passports from USA; they appeared to be naturalized citizens. But the INS or ICE agent said they could not be citizens because of their foreign accent. When they protested that they were citizens and their passports proved it, the agent declared "You have no rights! Have you not heard of 9/99!"

 Does not sound like free health care, a driver's license, or anything else.

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#26) On August 19, 2009 at 6:16 PM, JeanDavid (82.83) wrote:

Not enough money for health care.

Not enough money for education.

But enough money to bail out the banksters.

Enough money to kill millions of people overseas in our colonial wars.

 I guess we should seek a better balance.

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#27) On August 19, 2009 at 6:17 PM, OneLegged (< 20) wrote:

How would the banks who hold these notes (on financed assests) possibly ever  agree to allow interest rates to be retroactively rolled back to 1/2% to restructure debt?  Right now they have it all.  The interest they charge us in all cases is far more than 1/2%, they are getting Trillions of taxpayer dollars at UP TO 1/4% interest and they are getting to foreclose on Trillions of dollars worth of taxpayers assets all the while using sham accounting to lie about their bottom line.  They are hardly in a position where they have to negotiate.  (repost)

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