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alstry (35.36)

9.09....Time To Start Worrying?

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September 04, 2009 – Comments (8)

Everything running out of money at the same time in 9.09.  Pension Funds, Unemployment Insurance Funds, FDIC, Banks, Insurance Companies, Governments......... Concentric Contraction is here and if you don't already know it, you will very soon.

When the agency that insures traditional pension plans is running a $33.5 billion deficit -- the largest in its 35-year history -- should you be worried? If you're a worker or retiree counting on a traditional pension, the answer is probably not. But if you're a taxpayer, start worrying.

http://finance.yahoo.com/focus-retirement/article/107663/companies-pension-problems-could-hit-taxpayers.html?mod=fidelity-managingwealth

[Eighteen via latest updates] states have simply run out of money to pay benefits and been forced to borrow from Washington a total of more than $8 billion. That number is almost certain to grow as more states reach the brink. If they are not able to pay that amount back before 2011, which most will not be able to do, they face paying hundreds of millions of dollars in interest.

http://globaleconomicanalysis.blogspot.com/2009/09/critically-underfunded-unemployment.html

In the end, your entire net worth is a derivitive of the debt structure that is the foundation of our nation and its economy.  Since our nation is very leveraged.....it doesn't take much for the entire foundation to collapse.

Over 3000 banks have over 300% of their risk capital loaned to commercial real estate......and commercial real estate is crashing.  It doesn't take much to wipe out the entire capital base.

At this point, the only thing holding this ship above water is government running a $2 Trillion dollar deficit keeping unemployment insurance funds funded, the poor off of food lines, the health care system functioning, car and home sales moving, over 21,000,000 people employed. 

When every corporation in America paid a grand total of less than $325 Billion in Federal taxes last year....and likely less than half that amount this year.......it seems like we have an issue unless we restructure this whole system......and soon or there will be not much of a system left.

Governments are running out of money and so are the citizens......in the end, we have to make a choice......government or the citizens.......it will be an interesting whether we get to choose at all as we proceed through 9.09.

8 Comments – Post Your Own

#1) On September 04, 2009 at 6:23 PM, awallejr (83.77) wrote:

9 trading days to go before summer ends.  You will need the DOW to drop 500-800 points PER DAY to meet your end of summer prediction of DOW 5,000-2,000.  Tick tock, tick tock.

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#2) On September 04, 2009 at 6:25 PM, alstry (35.36) wrote:

Do you really think it matters.....the whole system is insolvent......how cold do you think the water is?????

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#3) On September 04, 2009 at 6:54 PM, awallejr (83.77) wrote:

Of course it "matters."  You know darn well you'd be spamming over and over how right you were otherwise.  It will be just another example on how much of a bs artist you are in your game of playing  "chicken little" to try to scare people into bombshelters for kicks.

Come October, the Country will still be "running."  It will remain to be seen if you will live up to your promise of "fading into the sunset,"  though I am willing to wager that you will somehow weasel out of that promise.

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#4) On September 04, 2009 at 7:04 PM, alstry (35.36) wrote:

Alstry is not scaring anybody out of anything.  Right now bankrupt companies are dominating the trading on the exchange.....soon that will come to an end.

You really should be a bit more patient as the person who called the MASSIVE TOP at 14,000 and merely called a hard top with a 10% margin or error at 8300.  If you think about it, we are well within the MASSIVE TOP and not too far above the margin on the hard top.

So as far as being right....Alstrynomics is all about being right....and right now it seems Alstry is pretty right....don't ya think?

As far as the country is already running scared.....as the homeless are now getting arrested.

Sacramento police arrested 17 homeless residents at their "safe ground" campsite this morning, including one advocate for the homeless.

Rev. David Moss, a Methodist Minister, was taken into custody along with other campers, charged with illegal camping, Sacramento police Sgt. Norm Leong said.

And the unemploymed can't make mortgage payments.

"In another month or two, money's going to be real tight," he said. "I can't make another mortgage payment on unemployment. I've been looking around [for another job,] but there isn't much out there."

http://money.cnn.com/2009/09/04/news/economy/michigan_prison_closings/index.htm

Soon you too will appreciate the significance of 9.09.

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#5) On September 04, 2009 at 7:18 PM, awallejr (83.77) wrote:

"So as far as being right....Alstrynomics is all about being right....and right now it seems Alstry is pretty right....don't ya think?"

1)  DOW 8300 was "top."  Nope.

2)  Unemployment will reach 50-60%.  Nope.

3)  GDP will lose 60%.  Nope.

4)  DOW will crash to 5,000-2,000 by end of summer. Presumeably nope.

So no.  While you do point out legitimate issues of concern at times, you exaggerate to no end.  This whole 9.09 "suspense" nonsense is a clear example.

As I said the only significance of 9.09 is the month of my sister's birthday;  probably a market correction (next week will prove interesting); and the month when you will be proven wrong on some of your "sky is falling" predictions.  You hurt people.  You try to make people fearful.  Don't say you try to help them because bashing people over the head on things simply beyond their control on a daily basis is not helping.

Any real message can always be lost in its delivery, and I submit whatever real message you are trying to relay simply gets lost as a result of your continuous  exaggerations. 

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#6) On September 04, 2009 at 7:31 PM, alstry (35.36) wrote:

awa....this pretty much sums it up:

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#7) On September 04, 2009 at 7:34 PM, Starfirenv (< 20) wrote:

They just don't make chrystal balls like they used to. That's all. And like Alstrydomous says above, it doesn't matter if he's right or wrong as long as he has people like you hanging on his every word. Gotta tell you Awall, it's like cat and mouse and you my friend, are not the cat here. That's Real Reporting.

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#8) On September 04, 2009 at 7:41 PM, awallejr (83.77) wrote:

Only if I fall for his nonsense.  And had I listened to him back in March I never would have made the money I have so far.  And that my "friend" is what it is all about regarding the stock market.

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