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alstry (35.41)

9.09.....Are you Prepared???????

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June 25, 2009 – Comments (9)

"Some U.S. embassies worldwide are being advised to purchase massive amounts of local currencies; enough to last them a year. Some embassies are being sent enormous amounts of U.S. cash to purchase currencies from those governments, quietly. But not pound sterling. Inside the State Dept., there is a sense of sadness and foreboding that 'something' is about to happen ... within 180 days, but could be 120-150 days."

http://www.marketwatch.com/story/schultz-paints-bleak-picture-of-future

Don't shoot the messenger........the facts are what they are.......and it is what it is............

9 Comments – Post Your Own

#1) On June 25, 2009 at 11:40 AM, jddubya (37.41) wrote:

The fact is Alstry made a prediction in May '08 of 20% unemployment by the end of 2008.

Alstrynomics was WRONG.

Don't shoot the messenger........the facts are what they are.......and it is what it is............

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#2) On June 25, 2009 at 12:04 PM, alstry (35.41) wrote:

Actually....Alstry used the term functional unemployment which includes those working part time and not earning enough to make a sustainable wage, those who have been unemployed so long they are no longer counted.....and welfare recipients who really are not employed as such payments NEVER existed in THE GREAT DEPRESSION....

According to the most recent PUBLISHED employment report, U6 figures are well over 16%.....and if we factor welfare and those who have quit looking for jobs.....we are now well over 30% unemployment in America.....

As is currently visible in California right now.....the ability to make welfare payments is no longer feasible in America with our current economy.......this was clear to Alstry and The Institute of Alstrynomics last year......

It will be clear to you as well very soon, especially as more and more get terminated or wages reduced....spouses will have to reenter the workforce......and factor the elderly that now have to return to work.....the number of counted unemployed will skyrocket.......likely exceeding 50%......

In the end it is simply a matter of how you count.....and Alstry is confident soon the count will hit you in the face.......

Prepare......it is not the end of the world......just a massive change!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Seriously, 50% unemployment is NOT the end of the world....just a different state of the economic life.

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#3) On June 25, 2009 at 12:06 PM, minduza (< 20) wrote:

jddubya

I agree with you, but you can’t discount US government’s intervention into "free" markets, which I think qualifies as Force Major for alstry's prediction. Those bailouts just pushed this date further

 

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#4) On June 25, 2009 at 12:38 PM, Rebkong1 (< 20) wrote:

bend over here comes the "change" america

 

dont blame me i voted for the american 

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#5) On June 25, 2009 at 12:44 PM, alstry (35.41) wrote:

What I find remarkable is nobody is commenting on the inflationary effect of this behavior.......Wow!!!

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#6) On June 25, 2009 at 2:32 PM, icuryy4me (< 20) wrote:

"..As is currently visible in California right now.....the ability to make welfare payments is no longer feasible in America with our current economy."

Here is an interesting factoid I heard on NPR today. CA has 12% of the population and 30% of the welfare budget of the US. Seems that rationalization of welfare was overdue.

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#7) On June 25, 2009 at 2:53 PM, alstry (35.41) wrote:

jcur,

Soon America will wake up and be forced to change.....Alstry has simply been preparing  them for that day.....

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#8) On June 25, 2009 at 6:48 PM, jesusfreakinco (28.88) wrote:

What I find remarkable is nobody is commenting on the inflationary effect of this behavior.......Wow!!!

Come on, Al.  Just because we don't post 5 times a day doesn't mean we aren't talking about the inflationary affect of all this printing of money.  You are the one that has just starting blogging about it.  Finally!   Welcome to reality.

JFC

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#9) On June 25, 2009 at 6:59 PM, atarigod (< 20) wrote:

What annoys me more than anything that something seems to be rotten in Denmark if you know what I mean. Today there was an unexpected uptick in unemployment, yet the market soared, LED BY CONSUMER STOCKS! WTF IS THAT?! Not to mention that Cap & Trade will most likely pass in the House tomorrow.

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