I told you Fools over a year ago...when you can't trust the financial statements.....nothing matters. [more]
How much debt can Fools buy from Wall Street before there is simply no money left.......it appears the money is running out around the world. [more]
Most Fools can't distinguish between capitization by debt and equity capitalization. [more]
If Fools went into the poorest neighborhood in Detroit and loaned each family and business one million dollars at 6% regardless of their ability to pay the loan back.........and then each month thereafter, took a camera crew and reporters to update the Fools. [more]
Does stock analysis even matter? [more]
As many Fools are finally figuring out, most of our economy is now being driven by government spending and spending by those that work for government directly or indirectly. [more]
You can "reform" an insolvent institution without bankrupting it......and right now, the vast majority of our banks are essentially bankrupt. And right now the banks are the lifeline to government spending.......spending money it DOESN'T have is the lifeline to the American economy. [more]
Gold, Silver, Money, Stocks, Bonds, Land,, Commercial Buildings......???????? [more]
Somali Pirates Disclose They Are A Subsidiary Of Goldman Sachs NORFOLK, VIRGINIA - Eleven indicted Somali pirates dropped a bombshell in a U.S. court today, revealing that their entire piracy operation is a subsidiary of banking giant Goldman Sachs.
There was an audible gasp in court when the leader of the pirates announced, "We are doing God's work. We work for Lloyd Blankfein."
The pirate, who said he earned a bonus of $48 million in dubloons last year, elaborated on the nature of the Somalis' work for Goldman, explaining that the pirates forcibly attacked ships that Goldman had already shorted.
"We were functioning as investment bankers, only every day was casual Friday," the pirate said.
The pirate acknowledged that they merged their operations with Goldman in late 2008 to take advantage of the more relaxed regulations governing bankers as opposed to pirates, "plus to get our share of the bailout money."
In the aftermath of the shocking revelations, government prosecutors were scrambling to see if they still had a case against the Somali pirates, who would now be treated as bankers in the eyes of the law.
"There are lots of laws that could bring these guys down if they were, in fact, pirates," one government source said. "But if they're bankers, our hands are tied."
If you are poor....this really doesn't apply right now because you do not have very far to fall. [more]
Alstry is gone and has morphed into Alstrymous.... [more]
As you know, Alstry has been documenting the shutting down of America and the Industrial Age for the past few years......despite trillions of stimulous dollars being borrowed from our retirement accounts injected into the economy. [more]
It has been, and is the position of Alstrynomics that nearly every financial instrument in America is over rated, over priced and in many cases based on fraud or the beneficiary of nothing more than essentially a Ponzi Scheme set forth by Wall Street and the Ratings Agencies and supported by most money managers and many in government. [more]
Most of you Fools have been staring at the ticker as governments artifically propped up economies around the world by borrowing trillions of dollars simply to create the illusion of an economic recovery. [more]
When corporations intentionally manufactured products that poisoned the citizens, society and system.......the cops came in and people when to jail. [more]
The Gardner Brothers and the rest of the Fools are not focusing on the right issue regarding Goldman or the other firms. [more]
Alstry is really gone for good.....and no, he did not all of a sudden become bullish. [more]
Banks borrowing for free to trade against our retirement accounts....NOBODY CARES [more]
They had it all planned out. [more]
"The government's debt cannot grow indefinitely at a rate much faster than the economy itself grows, so ultimately, something has got to change — either taxes are raised, spending is reduced, or the real value of the debt is eroded through an increase in inflation, an outcome the Federal Reserve is committed to preventing." - Jeffrey Lacker, Richmond Fed [more]
You knew the Zombulator would eventually hit healthcare.......now the only question left is how long can Wall Street and Washington keep borrowing over $3 trillion dollars per year from our pension/retirement/investment accounts as much of the rest of the nation shuts down...... [more]
Right now...Wall Street and Washington are borrowing OVER $3 trillion dollars per year....simply to pay Wall Street salaries and government workers.....NOT BECAUSE THEY ARE GENERATING THE REVENUES AND PROFITS TO PAY SUCH SALARIES........otherwise they wouldn't need to borrow such a massive amount of money. [more]
Large corporations are abandoning the US. I work for IBM. Here is a snapshot of IBM's US headcount:
2010 98,000 estimate
These are all good paying jobs that can support a family and pay taxes.
Today, 75% of the total headcount is overseas. The overseas revenue is 65%. The company reported record profits last year. IBM decided to stop reporting their US headcount this year.
You know that many companies are moving their resources overseas. China is the new spot to build development centers. These incremental loses are adding up. But the saddest thing is that they are giving away the building blocks for innovation.
I just read a few weeks ago the Applied Material is planning to replace their US research center for a new one in China. That is another example of what is going on.
And no venture capitalist would attempt to build a solar panel factory from scratch in the US. The costs and the EPA will prevent that.
Please tell this story.
Sign me: Just Another Voice in The Dark [more]
Many people around the world are living in poverty simply because they don't have access to capital or can't borrow money. [more]
FOR ALL THE TAXPAYERS WE LOST TODAY AND ARE ABOUT TO LOSE.......AND THE GOVERNMENT WORKERS KEEP GETTING RAISES???? [more]
GOOGLE CEO SAYS MACHINES TO CHOOSE YOUR NEWS
Pretty soon, the computers will be making the news....whooops, in a number of cases they already are.....
KEEP WATCHING THE TICKER....the digital age is here!!!!
We have reached the point that revenues in America have dropped so low that only those entities with access to credit can survive. Without borrowing money, most families, businesses, and governments in America would go bankrupt in short order. [more]
When a government no longer depends on its citizens paying taxes to function........the citizens of that nation face peril...especially if hte govenrment has the power to confiscate the citizens assets. [more]
For what its worth....I used to do this to my buddies during the Dot.Com days. I remember when eToys had many times the market cap as ToysRUs yet the latter had a bigger web presence and a strong brick and morter franchise to boot. [more]
All that money you think you are making.....it could be worthless!!!!!! [more]
New York Gov. David Paterson has delayed pay raises for 130,000 state workers, citing the state’s financial problems. [more]
For 30 years, America has been borrowing more and more money after we became a credit dependent economy in 1980. For the thirty years prior, since 1950....our nominal total debt was relatively stable. [more]
Largest exodus from Iceland since 1887
Destitute and desperate, Icelanders are leaving their country in record numbers. [more]
AND THE WORLD AS YOU KNOW IT... [more]
Washington and Wall Street basically have unlimited access to our capital at or near zero percent......where as the rest of the nation, including private businesses and families must pay much higher rates if they can even get access to credit at all. Not only that, the private savers are not getting much interest on their savings simply so Washington and Wall Street can access it for free and pay workers incredible salaries while much of the rest of the nation is shutting down and/or going broke. [more]
As the Zombulator drains the cash, last phase of concentric contraction will be the shutting down of government....and government supported health care. [more]
When the public and pension funds are pouring trillions into public companies but market values remain stagnant....something is very very wrong. [more]
Many of our blogs have been getting spammed lately....
And with the usual professionalism....MF has been acting quickly to remove the nonsense.....
Just wanted to give an Alstrynomic thanks to the Fools......keep up the good work my favorite English Majors;)
From the Blogger who predicted the housing crash, the banking crash, the earthquakes in CA....... [more]
The government launched a new effort on Monday to speed up the time-consuming, often-frustrating process of selling your home if you owe more than it's worth.
The Obama administration will give $3,000 for moving expenses to homeowners who complete such a sale -- known as a short sale -- or agree to turn over the deed of the property to the lender. [more]
Wall Street and Washington are robbing Fools dry as they take trillions from their retirement accounts living high on the hog while laughing at the Fools as they stare at the ticker. In the mean time America's private economy is in a DEPRESSION and more and more is contracting and shutting down. [more]
As you know, Alstry has been blogging for the past year that much of the so called "recovery" was simply Wall Street and Washington borrowing from our retirement accounts and spending it away. [more]
Wall Street and Washington borrow for practically free vs. private businesses and families pay much higer rates [more]
BLOG POST FROM MARCH 11TH, 2010 [more]
Instead, our leaders in Washington either willfully or ignorantly aided and abetted the bubble. And even when the full extent of the financial crisis became painfully clear early in 2007, the Federal Reserve chairman, the Treasury secretary, the president and senior members of Congress repeatedly underestimated the severity of the problem, ultimately leaving themselves with only one policy tool — the epic and unfair taxpayer-financed bailouts. Now, in exchange for that extra year or two of consumer bliss we all enjoyed, our children and our children’s children will suffer terrible financial consequences. [more]
For 2008, the basic pay rate, excluding cost of living adjustments, for SES personnel ranged from $140,000 to $191,000. [more]
50,000,000 Government workers....government sponsored health care workers....and Wall Street financed workers are getting paychecks because they or their employers are borrowing about $3 trillion dollars per year from our pension/retirement/investment accounts for basically free through the issuance of treasuries, municipal bonds, and corporate bonds. [more]
The money is quickly running out of our retirement accounts permitting Wall Street and Washington to borrow from us for practically free to pay employees....while the rest of the country gets cut off from credit and is forced to pay much higher rates????? Evidence of the money running out is the fact that 10 years rates increased to 3.94% yesterday. [more]
Mayor Antonio Villaraigosa once organized for a teacher's union here, and later ran a branch of the American Federation of Government Employees. That makes him an unlikely advocate for cutting the benefits of the city's workers.
But with the city facing a budget deficit that could drain its reserves by summer, Mayor Villaraigosa wants to re-open contract talks with 45,000 cops, firefighters, librarians and other city employees in hopes of persuading them to contribute more to their pensions and health-care costs. His deputy chief of staff, Matt Szabo, puts it bluntly: "Unions have priced themselves out of a job." [more]
Your retirement account is funding government workers and Wall Street employees. It is your retirement account responsible for their bonuses, high salaries, and lavish lifestyles as now government and Wall Street is borrowing about $3 trillion per year while the private sector gets cut off from credit. [more]
In my last blog, we highlighted how much money government and Wall Street borrowed last year to keep government and Wall Street operating generating generous salaries for workers and executives alike....despite the fact that revenues and tax receipts evaporated. [more]
It is been about one year since the credit crisis hit.....and since government and Wall Street have borrowed about $4 trillion dollars from our pension funds and retirement accounts to keep things going. [more]
Pittsburgh's multimillion-dollar pension liability is set to balloon to $1.04 billion today, when city officials must comply with a state requirement to report retirement obligations to police, firefighters and other city workers. [more]
LOS ANGELES—Mayor Antonio Villaraigosa once organized for a teacher's union here, and later ran a branch of the American Federation of Government Employees. That makes him an unlikely advocate for cutting the benefits of the city's workers. [more]