If you are wondering how could Alstry be so consistently accurate about his economic forecasts discussing the manner America's economy would shut down based on Benny the B's Zombulation policies....(but dead wrong about short term market trends).....because he has the Institute of Alstrynomics to rely upon. [more]
A fantasy market simply maniupulated by Wall Street....where you have been convinced to take your life savings and throw it into a rigged game so a few can take everything you have ever worked for...... [more]
You just didn't care.....or [more]
And some sheep were telling you to buy Municipal Bonds? [more]
Under Benny The B's Zombulation policy...... [more]
Banks only lend out principal and NOT interest......so unless banks keep lending MORE AND MORE money each year to cover principal AND interest payments..... [more]
Two Fools go to a deserted island. Aside from the fact that the island is deserted, it is paradise in all other respects. Perfect beaches, temperate climate, abundant food naturally, and infinite spring water. [more]
The US warned Lebanon that if it did not prevent any recurrence of the border-fire incident that occurred earlier this month, the IDF would destroy the Lebanese Armed Forces within four hours, Israel Radio cited a report by Lebanese newspaper A-Liwaa on Friday.
According to the report, Frederick Hoff, assistant to US Middle East Peace Envoy George Mitchell, told Lebanese Army chief of staff Jean Kahwaji that Israel was ready to implement a plan to destroy within four hours all Lebanese military infrastructure, including army bases and offices, should a similar confrontation occur in the future. [more]
Unless we bail out the debt and not the banks.....America will shut down.....and poor Fools who are counting their 2011 chickens will simply get barbequed. [more]
And stare at the ticker as the nation shuts down....... [more]
From the guy that predicted new home sales would drop to levels never before seen in history relative to our current population..... [more]
Sorry to interrupt your fantasy..... [more]
And the Fools are staring at the ticker..... [more]
What sheep would start counting his 2011 chickens before he figured out HOW AMERICA WAS GOING TO PAY BACK THE $30 TRILLION DOLLARS OF MONEY IT BORROWED IN THE PAST 10 YEARS.....? [more]
U.S. new-home sales fall to record-low pace in July
There are millions of practically new homes being foreclosed and sold for 50% OR MORE below CONSTRUCTION COST!
In 2005, about 10,000,000 Americans were on Food Stamps.........today it is over 40,000,000. [more]
The only thing he did was tell you the truth.......that Benny the B's Zombulation policy of bailing out Wall Street and Washington and NOT the debt or mainstreet would shut America down in short order. He told you cities, counties, and states would go bankrupt due to lack of tax receipts due to massive unemployment, and he told you hospitals and schools would shut down......and finally pension funds would become insolvent. [more]
Most people can't think outside their life experiences and knowledge...... [more]
We as a nation borrowed over $30 trillion dollars, and the bankers lent us $30 trillion dollars, making massive profits in the process.....driving our economy for the past ten years. [more]
We are crashing in housing again....California issuing IOUs again.......Job Losses skyrocketing again........tax receipts collapsing again......and hospital revenues evaporating.......
WHILE GOVERNMENT IS RUNNING A MASSIVE DEFICIT.......
Who is going to pay back the debt?
That we Fools are jointly and severally liable for ALL of our nation's debt......and last year, our politicians put trillions of additional debt, that we are now ALL responsible to pay back, on our balance sheet by bailing out the banks and NOT bailing out the debt. [more]
Our Country, through its politicians, borrowed a bunch of money......about $13 Trillion Dollars and growing rapidly. [more]
Alstry told you this was coming LAST YEAR...... [more]
NEW YORK (CNNMoney.com) -- Withdrawals from 401(k) retirement saving plans saw their biggest spike in over ten years, Fidelity Investments said on Friday, in the latest sign of a dismal economy. [more]
Before we get started, let's destroy the myth that population growth produces economic growth....the only thing that increses GDP growth in a country, as measured by money, is adding more money to the system either by borrowing it or by taking it from foreign nations (ie trade your goods/services for their money or go to war and take their money/goods)...... [more]
Why doesn't it just write a check to every American for $1,000,000......or $2,000,000? [more]
Right now, the primary reason any American has any PERSONAL net worth is because government and Wall Street is borrowing OVER $2 trillion dollars per year and spending it........if government and Wall Street were not borrowing and spending......EVERYTHING.......YES EVERYTHING.......in America would collapse....... [more]
Everybody talks about long term debt as a huge issue facing America.....including yours truly. [more]
Before 2007, the primary reason we had an economy was the private sector was borrowing trillions of dollars per year and spending it driving massive sales, profits, and tax receipts. [more]
TWO OF THE BIGGEST ALSTRY BASHERS.....who are also telling fools to buy municipals bonds and stocks and how great things are going to be in 2011......HAVE ALSO EXPRESSED MAKING PLANS TO LEAVING AMERICA IF THE HIT SITS THE FAN........ [more]
WASHINGTON - Iran Air 744 is a bimonthly flight that originates in Tehran and flies directly to Caracas with periodic stops in Beirut and Damascus. The maiden flight was Feb. 2, 2007. [more]
Paper money is so old hat. While De La Rue - which makes banknotes for 150 currencies - struggles with production problems and management turmoil, in one part of Malaysia, they are looking at an ancient alternative - gold.
In a move applauded by some local Muslims, the state government of Kelantan said it was introducing a new monetary system featuring standardised gold and silver coins based on the traditional dinar and dirham coins once used by the Ottoman Empire. [more]
Abercrombie & Fitch announced they are closing 60 stores......SuperFresh grocery stores closing 25 stores.....SAKS closing 5 stores........and all of the following announced they are closing as well...... [more]
Since Moses' time.....any Empire nation that has debased its currency and compelled other nations to accept it has been forced to go to war to defend its currency....... [more]
There are sheep out there that think"I am doing ok...so all is fine" or else "if the crap hits the fan, I am outta here"......... [more]
Government can borrow as much as it wants...........and the private economy is getting cut off? [more]
Every American should be forced to hand in every asset they have over $1000. [more]
Just like before 2007, our economy was dependent on homeowners and private investors borrowing and spending trillions of dollars per year they didn't have........after 2007, or economy and sales is based on Washington and Wall Street borrowing and spending trillions of dollars they don't have...... [more]
(CBS) Saturday marked the 75th anniversary of Social Security, and many questions remain unanswered about its future.
As for its present, the program created during the Great Depression has quickly become a last resort for older Americans before they ever thought they'd need it, CBS News Correspondent Rebecca Jarvis reports.
After working 40 years in the chemical industry, Michael Tait of Locust Grove, Va., could not wait until he turned 66, the full retirement age to collect Social Security. He can't find a job.
"Lowe's and Home Depot and the grocery stores and the gas station," he said, listing the places where he's tried to get work. "Nothing."
With his unemployment checks running out, Tait decided to apply for his Social Security retirement benefits two years early, at 64, despite the catch that when you collect early, your benefit is cut up to 25 percent permanently. For Tait, that's a loss of $252 every month.
You KNEW he was right on 9.09 [more]
Secret assault on terrorism widens on 2 continents [more]
We were told to borrow against our homes.....it was a good thing......home prices never fell and it stimulated the economy. We got flyers each day, our Fed Head told us to take out adjustable rate mortgages, and the money flowed while much boomed. [more]
Just like Madoff's clients learned they were broke after Madoff came clean.... [more]
Government is no running a collective $2 trillion dollar deficit.... [more]
It is amazing what an opiate the ticker is to so many....... [more]
And Now Government AND Healthcare is CRASHING........ [more]
Quotes from Francisco d'Anconia: [more]
The Institute of Alstrynomics developed the theory of Concentric Contraction... which basically determined that the entire housing industry was a function of people borrowing massive amounts of money they couldn't afford, and once you cut back on the credit, the housing industry would implode to levels never seen before......AND NEW HOME CONSTRUCTION DROPPED OVER 85% FROM PEAK AND IS STILL DECLINING...... [more]
America's economy is driven by jobs.....and Benny Bin Bernanke's Zombulation policy of cutting off the private sector from credit and giving credit to Washington and Wall Street is destroying jobs in America.....50% of all employment comes from small business [more]
Last year, before Alstry died trying to save the Industrial Age, he thought that the market would crash...... he knew that the economy would continue to contract under Benny Bin Bernanke's Zombulation policies of cutting off credit to the Private Sector and giving credit to Wall Street and Washington......and he thought the market would follow....plain and simple. [more]
We are a nation of retired people, government workers, and welfare recipients.....and if we actually work, we depend on the aforementioned people getting massive amounts of money from government and spending...... [more]
8.9.10........enjoy it while it lasted........ [more]
THAT COMPANIES ARE FLUSH WITH CASH...... [more]
We actually have known it for a while...... [more]
The INDUSTRIAL AGE economy should contract about 85% over the next few years........I know originally I thought it would only contract 50%....but now that I have the benefit of history.......80-90% seems like a reasonable number. [more]
When its politicians are running a collective $2 trillion dollar annual deficit exceeding ALL of the earnings of ALL of the companies in America and the national debt has doubled over the past two years? [more]
Ahhhh....the politicians borrowed trillions to pay their inflated salaries and that of their staff.....and spent even more bailing out the banks......... [more]
You hear guys bragging in America about how rich they are......or how much money they made in the stock market......or how much they make as a doctor.....or lawyer......or business executive....or how they are set with their secure pension or retirement account....... [more]
The lights are going out all over America — literally. Colorado Springs has made headlines with its desperate attempt to save money by turning off a third of its streetlights, but similar things are either happening or being contemplated across the nation, from Philadelphia to Fresno. [more]
Because you KNOW that things are about to get a LOT WORSE and MORE STRESSFUL.....so you won't lose your cool like some Fools..... [more]
WHILE WE, THROUGH OUR GOVERNMENTS, ARE BORROWING ABOUT TWO TRILLION DOLLARS PER YEAR....AND THE PRIVATE ECONOMY IS BEING CUT OFF OF CREDIT? [more]
Alstry is the FIRST attorney in America to apply the legal concept of Joint & Several Liability to the relationship of American Citizens to the American Government. Up until recently it was never an issue because, for the most part, our politcians behaved fairly rationally. But in the last ten years, our politicans borrowed more money than all of our politicians borrowed in the prior 225 years of our nation's history....living high on the hog and taking their families and friends are some pretty lavish vacations. [more]
Because only the savers will have any money to help pay off the massive debt our politicians are accumulating....... [more]
Every American citizen.....and many non citizens.....are JOINTLY and SEVERALLY LIABLE for the actions of our government and political leaders.......it is simply the law and you must obey. [more]
We arrested Madoff for fraud.....and now he is in jail...... [more]
First...it is clear why we paid income taxes in the past.....so our government could be funded to perform the functions that were better served by the collective resources of the nation.....like defense, law, etc.... [more]
When Alstry forecasted the housing crash....people thought he was insane....housing never crashed in American history........but Alstry knew different.....he knew that the entire American economy was being propped up by Wall Street by issuing massive amounts of toxic debt to Americans and selling that same debt back to Americans in their retirement, investment, and pension accounts.....while representing it was solid investments. [more]
For Alstry, it wasn't hard to see if banks loaned Americans trillions of dollars to buy, refinance, and extract "equity" from their homes......America would have the perception of a boom while the process was going on, this was an unprecedented amount of borrowing and we would be told that houses never go down in price so keep borrowing regardless of income.......and the more we borrowed, the bigger the boom......and if Wall Street took that debt and stuffed it in our retirement, pension, and investment accounts, bankers would get rich and it would appear that our net worth was rising...............................until Wall Street cut Americans off of credit, then all would crash..................and all did. [more]
I had a beer and a cigar with a closer personal friend....who happened to be a former President of a publicly traded company. He maintained an account a a very large Wall Street bank and had been a very good client for over 30 years. He paid off his credit cards in full every month had both a untapped secured line of credit and unsecured line with the same bank. [more]
Alstry for blogging so much [more]
Right now there are over 10,000,000 less Americans working than there were just a few years ago......and this doesn't include the millions of independent contractors and small business people who are also not working or not making an income..... [more]
It was clear to Alstry that the entire housing industry in America was based on massive borrowing and spending.....and without reckless lending.....housing would collapse. At the peak, we were borrowing about a trillion dollars per year just on home equity loans.....and building over 1.5 million units per year. [more]
It worked for housing......for a while.....as more and more are becoming dependent on government handouts while the deficits grow larger and larger....... [more]
You see sheep....we simply make too much money and offer the world very little.....and our money is no longer backed by production....most of the world's production is now overseas.....all we sheep know how to do is consume.........and most of our consumption is based on government printing money and handing it to us....... [more]
A more politically correct version of the prior blog... [more]
41,000,000 paying with Food Stamps..... [more]
Right now...about 41,000,000 million Americans are receiving Food Stamps.....41,000,000!!! [more]
Economists make couple FALSE implied assumptions to reach their conclusions......FIRST, there is unlimited credit and SECOND, supply is elastic to meet demand...... [more]
Healthcare and Government employ over 1/3 of America's workforce..... [more]
As you are staring at the ticker....America is being outsourced and shutting down..... [more]
Alstry promised you....if you let Benny Bin Laden and his cabal cut off credit to the private economy....but extend unlimited credit to Wall Street and Washington.....America as you know it would implode and money would evaporate to all but a few....once that happened, our nation's citizens would start to turn against each other as the stress rose to levels the nation was unprepared for......and the masses learned that they were treated as not much more than sheep. [more]
...when there are no private businesses or jobs left in America? You are being outsourced by Benny and Wall Street and you don't even know it.....welcome to the Digital Age..... [more]