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alstry (35.69)

9.09...Simply the Beginning

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September 09, 2009 – Comments (16)

It is really funny how Fools try to compare where we are right now to The Great Depression....

Sorta like comparing Wayne Gretsky when he was 10 years old to Gordy Howe after he retired.

The DOWNTURN hasn't even really started yet....we have delayed it by running $2 Trillion dollar deficits keeping 100,000,000 Americans out of food lines and off the streets.

Again, I am amazed the the arrogance of some Fools who think we can sustain such a massive deficit against a such a HIGH BASE OF EXISTING PUBLIC AND PRIVATE DEBT while tax receipts and incomes are collapsing without the prospect for improvement in the foreseeable future absent starting WW3 or restructuring debt.....(now there is a thought)

Right now we have half of America working to support the other half directly or indirectly dependent on government spending to survive....this is simply unsustainable without massive restructuring.

Now we are just beginning to see the fallout.......

Car Sales Down 50%

New Home Sales Down 80%

Steel Sales Down 60%

New Private Commercial Construction practically non existent after October of this year.

Tax Receipts evaporating......and we havn't even left the starting gate.

We have seen residential Sub Prime implode and it almost collapsed the system...now we are about to face the implosion of Residential Prime (4X Bigger), Option Arms, Interest Only, Neg Ams, CRE, Commercial and Municipal Debt etc...... 

Here is where the fun begins and it begins in 9.09......the START OF ALSTRYNOMC'S ZOMBULATION NATION.

I hope you enjoyed the trailer.....now the show is about to begin as the layoffs, wage cuts, and bankruptcies are just starting to get rolling........hang on and fasten your seat belts......assume the position as the bailed out and heavily bonused bankers tighten credit and raise interest rates creating an environment for default NEVER seeen before in economic history.

You think what we just went through was significant.....Fools you ain't seen nothing yet as we begin in 9.09 and the Ponzi nature of our economy becomes clear.

16 Comments – Post Your Own

#1) On September 09, 2009 at 10:11 AM, checklist34 (99.80) wrote:

tax receipts should get quite a boost from the market rally.

on 9/9/09, in honor of alstry, I will abstain from coffee and instead drink a red bull to avoid a screaming caffeine headache.  Thats about the best I can do.

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#2) On September 09, 2009 at 10:16 AM, alstry (35.69) wrote:

9.09 Begins....The big bonused bailed out bankers made it mathematically impossible to service debt....They know it and Alstry knows it.  Now America is just beginning to understand.....and if you think we are angry about health care.....you ain't seen nothing yet.

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#3) On September 09, 2009 at 10:41 AM, alstry (35.69) wrote:

THIS IS 9.09 REALITY FOOLS AS THE HOMELESS GET KICKED OUT OF THEIR TENTS.....

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#4) On September 09, 2009 at 10:45 AM, alstry (35.69) wrote:

9.09...SOON YOU WILL UNDERSTAND MOAP....

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#5) On September 09, 2009 at 11:05 AM, jason2713 (< 20) wrote:

Man, I wish i had ear plugs to see these videos, guess I'll have to wait until after work (yes, i have a job..thank god!)

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#6) On September 09, 2009 at 11:18 AM, LydiaVorst (< 20) wrote:

With the full backing of the Federal government  and piles and piles of taxpayer's money, banks are turning on the citizens of this country by foreclosing, not modifying existing mortgages, not making new loans,  jacking up interest rates even on cardholders who are current on payments, giving themselves huge bonuses, and hoarding cash, because they are all, in reality, insolvent.  It is criminal and it is made possible by the people we elected to office. As more people wake up, as Rockerchic4God 's said:


"...you will  have to search your own soul to know whether it's right for you to take a stand and be willing to sacrifice your credit score to stop this outright financial rape. There's power in numbers."

I wonder how many people will be willing to "sacrifice their credit score?" It seems like a small sacrifice compared to the sacrifices others before us have made for our country.

"Whatever you do may seem insignificant to you, but it is most important that you do it."
Mohandas Gandhi

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#7) On September 09, 2009 at 11:39 AM, ChannelDunlap (< 20) wrote:

Alstry where are you getting your info?  I am at Census.gov and it says, in it's latest available report,

NEW RESIDENTIAL SALES IN JULY 2009
Sales of new one-family houses in July 2009 were at a seasonally adjusted annual rate of 433,000, according to estimates
released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 9.6
percent (±13.4%)* above the revised June rate of 395,000, but is 13.4 percent (±12.9%) below the July 2008 estimate of
500,000.

For car sales, I see you're about right for SUVs, just under 50%, but cars and trucks are more in the 25-30% range.

Links.  Verification.  Source checking.  Something your blogs severely lack, but I imagine that's by design.

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#8) On September 09, 2009 at 11:46 AM, alstry (35.69) wrote:

SOURCE CHECKING.....PREPARE FOR 9.09

New car sales were at 18 million peak, and absent clunkers, running around 9 million....50%

New Home sales were running at over 1.6 million units and now around 400K on much smaller average homes and much lower prices  80+% on a $$$ basis and GDP is measured in $$$$

The TRUTH SPEAKS FOR ITSELF  RES IPSA LOQUITOR

PREPARE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

 

 

 

 

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#9) On September 09, 2009 at 11:49 AM, alstry (35.69) wrote:

GOVERNMENT ACKNOWLEDGES 9.09

Treasury says millions more foreclosures coming

MILLIONS!!!!!!

MILLIONS!!!!!

MILLIONS!!!!

http://finance.yahoo.com/news/Treasury-says-millions-more-rb-1620457917.html?x=0&sec=topStories&pos=main&asset=0180cea2fbb2363a89144bb9f0de372c&ccode=mp

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#10) On September 09, 2009 at 11:53 AM, ChannelDunlap (< 20) wrote:

Alsty I just noticed that everytime I come reply to one of your blogs, the market makes a noticable move up.  So hows it goin' man?  How're the kids?  Watch the Steelers game last night?  Quite a finish, eh?  Yeah I was out at the bar watching it was pretty fun, you know, shootin' some pool, drinkin' some beer, flirtin' with the waitress.  It's a good time.

Alright well anyways I'm out of here.  Gotta go check on the market and see how much I've made.  Have a good one, talk to you again soon.

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#11) On September 09, 2009 at 12:09 PM, jddubya (< 20) wrote:

LOL - HA HA.  Man I'm starting to enjoy your blogs!  The entertainment value, though small, does provide a chuckle every now and again.  Now if all these people you're trying to convince will ever "wake up" and do whatever it is you want them to do (which, up to this point by my estimate, totals ZERO), then you might just gain some credibility for you "Prepare" credo - whatever that means.

You say "save cash, buy precious metals", and some other thing that I can't remember at the moment - that is the biggest joke of all!

I'll not bother with you anymore until 10/1/09 - and you probably won't notice, but I WILL keep my word.  Quite the opposite of your style, eh?  LOL

SOON YOU WILL REALIZE HOW RIGHT ALSTRY IS/WAS - LOL.... yeah, whatever... as if you yourself are even prepared..right.  You're nowhere near as prepared as you should be.

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#12) On September 09, 2009 at 12:09 PM, alstry (35.69) wrote:

Channel...doing great babe.....how well do you swim;)

PHILADELPHIA-- Philadelphia's mayor says that without key budget approvals from the Pennsylvania Legislature the city will start making drastic cuts early next month.

Mayor Michael Nutter says notices about the possible closures are going out this week.

That includes notices about the possible closure of libraries and parks. Next week, Nutter says, about 3,000 city workers will get layoff notices.

9.09....it has just started.............Uncle Benny may soon be taking your money......enjoy the waitress;)

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#13) On September 09, 2009 at 12:19 PM, jason2713 (< 20) wrote:

>GOVERNMENT ACKNOWLEDGES 9.09
>Treasury says millions more foreclosures coming

 

And I wonder what the average home value was at the time when these homes were bought?

Now times that by millions.

That's why banks aren't lending, they know what's coming and they are investing/fee gauging/interest rate gauging to soften the blow.

What blows my mind is they still keep getting huge bonuses even when we bailed these idiots out.  If it weren't for our tax dollars, these fools wouldn't have a bank to make money.  It's just sad.

Yet the market moves higher.  My shorts are getting demolished lol.  I am holding on tho.  Down 10-12%, I'm still playing with the houses money when I made 50% from March to Aug.

Call it greed, but I'm holding on because I know the rug is going to be yanked any day now.  Insider's selling like hot cakes, side line money is just that!  SIDELINE MONEY (you'd be a damn fool to go into the market now).  

Any sane person can see, there is way more down side than upside in this market.  Sure you can make 5-10%, but the risk is losing 20-30%   I wish I had held onto my gold though, had about 30% of my portfolio in that and sold when gold was at $970/ounce.  bleh!

 

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#14) On September 09, 2009 at 12:30 PM, alstry (35.69) wrote:

WHEN THE RICH GO BROKE....YOU GET FIRED!!!!!!

80% of the taxes in America are paid by the top quintile of tax payers

Wealthy individuals’ Chapter 11 bankruptcy filings jumped 73 percent in the second quarter from a year earlier, according to the National Bankruptcy Research Center, a research firm in Burlingame, California.

“There are a lot of people with real estate, and they can’t afford it,” said Baldi ... “They can’t make the payments, and they can’t sell the house.”

Overall personal bankruptcies were up 36% in Q2 2009 compared to Q2 2008 - so high end bankruptcies are increasing twice as fast as the average.

http://www.calculatedriskblog.com/2009/09/bankruptcies-movin-on-up.html

9.09  We are all in this together....when the system is insolvent....we are all insolvent.

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#15) On September 10, 2009 at 1:54 AM, LydiaVorst (< 20) wrote:

Here is a link to a Yahoo Finance article that references the above video,"Debtor Revolt Begins Now."

Excerpt from the article:

"The person in the video claims that she has the ability to pay, but she simply is deciding not to. If her attitude becomes widespread, the banks are going to be in a tough spot. They already have their hands full with people who would like to be able to pay their bills, but simply are unable to because they have been out of work for a long time.

In previous times, the attitude of her neighbors towards her would be that she was just one step removed from being a thief. However, after seeing the kid-glove treatment that the banks have gotten under both the Bush and Obama Administrations after they had behaved very badly, and seeing the enormous clout that the banking lobby has in Congress, people may feel that this is the only way they have of fighting back.

...

This could be the start of a quiet rebellion, but one that could ultimately be more effective at curbing the banks than any sort of manning the barricades or letter writing campaign to congressmen. The civil courts are going to be overwhelmed if this takes hold."

http://finance.yahoo.com/news/Ruthless-Defaults-of-Credit-zacks-3083711087.html?x=0&.v=1

I don't think the woman in the video is a thief at all. She fighting back at an injust system by disobeying rules that will ultimately, as Alstry would say, 'zombulate' her. 

Adam Kokesh, who is running for Congress from New Mexico's 3rd district said in his much-viewed speech here:

http://www.youtube.com/watch?v=PbOp_9VfR6o

 "When injustice becomes law, resistance becomes duty."

 

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#16) On September 10, 2009 at 2:21 AM, Starfirenv (< 20) wrote:

#11. JD, the third part of "prepare" was "an occasional short".

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