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alstry (35.69)

9.09

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August 05, 2009 – Comments (20)

Will the government let you know that it is broke?  Or will there be a distraction.

In less than 30 days the Sacramento budget has gone from balanced to over $50 million in the hole....again after lots of cutting.

Arizona is contemplating selling its capital building and other structures.

Alabama is contemplating calling in the National Guard....don't they have other jobs too?

The Detroit public schools is on the brink of bankruptcy.

Few municipalities can support expenses and pay debt service any more.  The federal government is currently running about $2 Trillion in the red and with declining receipts the outlook is horrible.

There is simply not enough money being generated in the United States of America today to maintain our current standard of living without borrowing ourself into a worthless currency.

We must restructure debt or prepare for a major distraction.....you should have very good visiblility by 9.09 on which way we go.

And Goldman Sachs upgrades its economic growth forecast?

20 Comments – Post Your Own

#1) On August 05, 2009 at 2:17 PM, Rebkong1 (< 20) wrote:

what is your guess alstry..H1n1 distraction?

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#2) On August 05, 2009 at 2:20 PM, alstry (35.69) wrote:

That works.

Or any other event that mitigates the importance of currency.

 

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#3) On August 05, 2009 at 2:24 PM, Rebkong1 (< 20) wrote:

h1n1 is suppose to explode with kids going back to school..talking schools shutting down, etc etc

 

i still think fed audit will be the ultimate downfall of the dollar 

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#4) On August 05, 2009 at 2:26 PM, Sozurmama (22.79) wrote:

"The Detroit public schools is on the brink of bankruptcy."

I am incredibly pleased with this sentence.

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#5) On August 05, 2009 at 2:29 PM, alstry (35.69) wrote:

My spectrum of possible events is so wide it sometimes gets a bit taxing running through....but nothing a few bloodys can't make easier.

Some are better than others.  It is a strange time in American History when the Government of the United States of America owes its citizens more money than it has and more money than its citizens can afford to fund.

A very interesting problem indeed.  No nation in history has ever put itself into that position by creating a credit bubble and not taking the excess revenues and pay down debt....instead it put itself into deeper debt and more obligations.

What happens when the money you work for may be worthless?

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#6) On August 05, 2009 at 2:34 PM, Rebkong1 (< 20) wrote:

did you ever give your best stock or etf to buy?

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#7) On August 05, 2009 at 2:35 PM, alstry (35.69) wrote:

Thank goodness I didn't.

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#8) On August 05, 2009 at 2:43 PM, SRF4REAL (70.03) wrote:

"What happens when the money you work for may be worthless?"

 I don't know about you but around here people will stop working. There's a soup kitchen nearby, at least, here in sunny Florida!

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#9) On August 05, 2009 at 3:39 PM, JerseyShoreGirl (< 20) wrote:

Not sure about the whole 9.09 thing, but one thing I know is that this administration has mastered the art of distraction .. as well as many of Saul Alinsky's tactics in "Rules for Radicals." 

 I wouldn't put anything past them because it's all about achieving the END RESULT and disregarding the means by which to get there .. "never let a crisis go to waste," or even create a crisis for that matter in order to advance the agenda. Yes, these are very critical times .. so many are asleep and don't even realize the game is changing all around us .. what will it take until people wake up?

 Like many other posters mentioned, there are so many tipping points out there (domestically and internationally), it's hard to know what will give first.  Here's one more thing to throw out on the table .. AP Sources:  "Russian (nuke-powered attack) Subs Patrolling off the East US Coast."  This is "of no concern" of our govt ... I'm sure Putin smells blood in the water.

http://news.yahoo.com/s/ap/20090805/ap_on_go_ca_st_pe/us_russian_subs

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#10) On August 05, 2009 at 3:44 PM, JerseyShoreGirl (< 20) wrote:

Here's a term we all should be familiar with ..

 The Cloward-Piven Strategy .. which is a strategy of forcing political change through orchestrated crisis.  Do a little research on this.  It will all sound oh so familiar.

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#11) On August 05, 2009 at 4:10 PM, alstry (35.69) wrote:

OH MY GOODNESS!!!!!!!!!!!!!!

The percentage of properties “underwater” is forecast to rise to 48 percent, or 25 million homes, as property prices drop through the first quarter of 2011, according to [Deutsche Bank] analysts Karen Weaver and Ying Shen.

One in two homes underwater????

You better like if from behind.........now the question is what.

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#12) On August 05, 2009 at 4:26 PM, alstry (35.69) wrote:

Schools can't even meet September payroll?????

The recession and proration by the state of Alabama are causing enough financial pain that the Tuscaloosa County School System will have borrow money to make its September payroll, the Tuscaloosa News reports.

The school system expects to borrow up to $4 million to cover its September needs, officials said. The school board will meet Monday to decide its borrowing plans, including whether it will attempt to borrow the money from the County Commission or from a bank, according to the newspaper. Report this comment
#13) On August 05, 2009 at 4:29 PM, alstry (35.69) wrote:

Any thoughts about October???

Oh....I forgot....9.09 comes before October.

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#14) On August 05, 2009 at 5:33 PM, dickseacup (68.29) wrote:

Or any other event that mitigates the importance of currency.

 

Gawd, I hope it's alien invasion. From space, I mean.

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#15) On August 05, 2009 at 5:55 PM, mikecart1 (99.39) wrote:

I hope that the market tanks big time.  I hate when things happen with no cause like a phasar in outerspace that pulses energy 1 trillion times more powerful than the sun and destroys everything in its path except for the planets that orbit around them which is a mystery to all!

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#16) On August 05, 2009 at 6:02 PM, alstry (35.69) wrote:

Could be any of the above....but when Oil Prices drop 50% saving consumers and the rest of the economy a boatload of money, in effect a a multi hundred billion dollar lower oil price stimulous, and revenues to practically every other industry is still tanking.....things must be pretty bad.

Sunoco Q2 revenue $7.51 bln vs $15.18 bln

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#17) On August 06, 2009 at 2:19 AM, thegunfighter (31.21) wrote:

thought you might enjoy this one, alstry:

 

http://www.financialsense.com/editorials/conrad/2009/0804.html Report this comment
#18) On August 06, 2009 at 2:22 AM, thegunfighter (31.21) wrote:

sorry for not making it clickable

http://www.financialsense.com/editorials/conrad/2009/0804.html Report this comment
#19) On August 06, 2009 at 3:22 AM, Tacomatight (62.84) wrote:

Congratulations,

Your posts have become the bastion of conspiracy-laden rants on Fool. One musn't forget themselves...or in the language of Dirty Hairy: 'A man's got to know his limitations.' Your constant screaming about the conspiracy of the day, along with the posters who agree with you, shows only that you went beyond your intellectual limitations long ago on this site.  As my coach once said to a friend of mine in sophmore football: "I think it's time to hang up the cleats."

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#20) On August 06, 2009 at 11:58 AM, Tacomatight (62.84) wrote:

Congratulations,

Your posts have become the bastion of conspiracy-laden rants on Fool. One musn't forget themselves...or in the language of Dirty Hairy: 'A man's got to know his limitations.' Your constant screaming about the conspiracy of the day, along with the posters who agree with you, shows only that you went beyond your intellectual limitations long ago on this site.  As my coach once said to a friend of mine in sophmore football: "I think it's time to hang up the cleats."

Report this comment

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