September 2009
September 30, 2009 –
The Fraud WILL UNRAVEL!!!!!!!!!!!!!!!!!!!!!!!!!! [more]
September 30, 2009 –
Right now America is insolvent. So are its banks. The FDIC is broke, the FHA is broke, and so is our Pension Guaranty. Not only that, Social Security is now cash flow negative and the condition is only going to get worse as millions get fired or suffer massive wage cuts against an aging population. [more]
September 30, 2009 –
* the banks. Government pay every American $1,000,000 and tax it as ordinary income. [more]
September 30, 2009 –
General Motors said it would close its Saturn operation after Penske Automotive Group ended its effort to acquire the brand. [more]
September 30, 2009 –
Fed is cutting off credit to the private sector. [more]
September 30, 2009 –
By knowing that Social Security is cash flow negative, FDIC is broke, FHA is broke, and Pension Guaranty is broke....you know the underlying economy is failing as those entities are simply a reflection of the economy. [more]
September 29, 2009 –
I prognosticated to you by 9.09 you would know MOAP...The Mother of All Projections....I told you it was big...Alstry BIG......and here it is....the banking system in America is insolvent..........and proof is provided by our buddy Karl Denninger......the math is the math.....and the math doesn't lie. [more]
September 29, 2009 –
With just one day to go in 9.09...... CIT Group may hand control to bondholders: WSJ
SAN FRANCISCO (MarketWatch) -- Embattled lender CIT Group Inc. is in the midst of a last-ditch bid to restructure by handing control to its bondholders, according to a media report late Monday. The Wall Street Journal, citing an unnamed source, reported that the plan would have CIT offer bondholders new debt secured by the firm's assets, alongside nearly all of the equity in the restructured company. If not enough bondholders agree to the plan, the result could be one of the largest Chapter 11 bankruptcy-court filings in U.S. history. CIT's fate has been uncertain for months, after it succumbed earlier this year to a lack of funding and bad commercial and real-estate loans. [more]
September 29, 2009 –
A DEPRESSION IS DEFINED AS A 10% DECLINE IN GDP.... [more]
September 29, 2009 –
News flash: the "Billionaires Club" knows: Bill Gates called billionaire philanthropists to a super-secret meeting in Manhattan last May. Included: Buffett, Rockefeller, Soros, Bloomberg, Turner, Oprah and others meeting at the "home of Sir Paul Nurse, a British Nobel prize biochemist and president of the private Rockefeller University, in Manhattan," reports John Harlow in the London TimesOnline. During an afternoon session each was "given 15 minutes to present their favorite cause. Over dinner they discussed how they might settle on an 'umbrella cause' that could harness their interests." [more]
September 29, 2009 –
SOUTH GLENDALE — Demand for career advice has skyrocketed at the Verdugo Jobs Center, more than doubling from last year’s stream of about 4,000 monthly out-of-work visitors, the Verdugo Workforce Investment Board reported Tuesday.
The board oversees the center, which offers career training and counseling to job seekers, said Don Nakamoto, labor market analyst for the board.
It now offers its free services to between 9,000 and 10,000 visitors monthly, he said.
“I think because of what’s happened to the economy and how certain areas of the economy have just been devastated, and how their outlook has not been positive, either in the short term or the long term, a lot of people are coming in and hoping that they can just get access to training,” Nakamoto said.
Swelling regional unemployment rates have likely helped fuel demand at the center as job seekers have faced growing challenges in securing positions after extended periods without work, experts said.
Unemployment in Glendale is at 10.9%, up from 7.2% a year ago; and 10.2% in Burbank, up from 6.7% in 2008.
“When people are looking and not paying their bills, they get a little desperate, and I think that’s scary,” said Stuart Waldman, president of the Valley Industry and Commerce Assn. [more]
September 29, 2009 –
“The nation’s rural homeless rate is soaring. In Montana, it has really grown wings. Exacerbating matters in Montana are the state’s high foreclosure rates, which are particularly prevalent in the Flathead. Lori Botkin of the Flathead Food Bank said her agency is consistently flooded with families, many from the middle class, which represents a dramatic shift from past years. ‘We’re not seeing the live-under-the-bridge homeless,’ Botkin said. ‘It’s more middle-income families. They come in, they’re well dressed; they drive nice cars.’” [more]
September 28, 2009 –
First It Bails Out Insolvent Bankers and let's the Citizens Fail as bankers clamp down on credit and jack up interest rates. [more]
September 28, 2009 –
Practically every American's income and wealth depends on other Americans working and consuming from EACH OTHER.....we really don't export very much like Japan and simply produce and service for each other all day long. [more]
September 27, 2009 –
YOU HAVE BEEN WARNED!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! [more]
September 26, 2009 –
Plans for swingeing hospital cuts as NHS on brink of 'Armageddon' [more]
September 26, 2009 –
America is radically transforming its economy. It is morphing from a credit based domestic consumption economy to a deleveraged savings economy. Unfortunately, America is not structured to be a savings economy and the change will be very convulsive. [more]
September 25, 2009 –
OVERLAND PARK, Kan., Sept 25 (Reuters) - Troubled trucking concern YRC Worldwide Inc was slashing more jobs this week, just before the end of the its third quarter, as it continues to work with lenders and labor to stave off collapse. [more]
September 25, 2009 –
Alstry's rating is blowing through many of the scores of the Alstrybaters as Alstry reignites his charge to a rating of 100. Even after losing more points than 99.9% of CAPS players have accumulated, Alstry is back in the top 1% of all players...WHILE KEEPING OVER 150 POSITIONS OPEN. [more]
September 25, 2009 –
The Dinkytown Hollywood Video rented out its final flick on Saturday night. [more]
September 25, 2009 –
Taxable sales in Nevada fell 18.8 percent in July from a year ago, marking the ninth straight month of double-digit declines, the state Department of Taxation reported Thursday.
Sales in Clark County, the economic engine of the state's tourism-dominated economy, totaled $2.2 billion, down 20.6 percent from July 2008. In Washoe County, which includes Reno, sales totaled $442.9 million, a 15.2 percent decline. [more]
September 24, 2009 –
"It's almost Armageddon if the Japanese and Chinese don't buy our debt,” Robertson said in an interview. "I don't know where we could get the money. I think we've let ourselves get in a terrible situation and I think we ought to try and get out of it." [more]
September 24, 2009 –
PROTESTS ALL ACROSS CALIFORNIA [more]
September 24, 2009 –
In 9.09.... [more]
September 24, 2009 –
Publicly funded Grady Memorial Hospital has served as a lifeline for this city's indigent for more than a century, but a plan to shutter its dialysis clinic has sparked a lawsuit on behalf of dozens of undocumented immigrants who say the decision amounts to a death sentence.
The case in Fulton County Superior Court throws into sharp relief some of the hottest issues in ongoing skirmishes over health care and the government's role in providing medical services: how and whether undocumented aliens should receive free treatment, and how far hospitals must go to provide lifesaving care for them. [more]
September 24, 2009 –
The recession has made the long-term funding problems for Kansas' public pension system severe enough for a recent report to declare it "bankrupt."
Democratic Gov. Mark Parkinson isn't as pessimistic, and the Kansas Public Employees Retirement System says no current retirees' benefits are in jeopardy. But they acknowledged Wednesday the state must start soon to close a $8.3 billion shortfall expected between KPERS income and expenses over the next 25 years. [more]
September 24, 2009 –
When you are primarily a leveraged consumer economy dependent on credit to drive your economy.....and are forced to change to a savings economy.......the changes will be very convulsive. Since revenues in America were based on consumer spending.....and consumer spending was based on access to credit.....when you cut off credit......you cut off spending......and sales and income evaporate for all. If the cities, counties, states, hospitals, schools, businesses and families have leverage and or expense levels set to a consumer economy.....it is impossible to meet obligations once revenues evaporate due to job loss, wage cut or decrease in revenues. [more]
September 23, 2009 –
Today we learned Conde Nast was cutting 25% of its magazine budgets of its many titles....now here comes another 25% cut from California..... [more]
September 23, 2009 –
Alstry warned you guys a while back, when you can't trust the numbers....not much matters.....and when the ratings agencies are BSing you on top of BS numbers...it just addsfuel to the fire. [more]
September 23, 2009 –
What if it were just one BIG Ponzi scheme?????????????????????????????????????????????? [more]
September 23, 2009 –
For weeks now, a scary number has been floating through the hallowed halls of Conde Nast: 25%. That's how much the gossipmongers speculated McKinsey would chop the company's budget. Evil rumors! Now it looks like that frightening number was correct.
With all those rumors, you knew it had to be accurate. More or less. John Koblin talks to insiders who have seen McKinsey's proposals, and comes up with the following summary. Which is bad, but not as bad as it could be for the Nasties: [more]
September 23, 2009 –
Unemployment approached record highs [more]
September 23, 2009 –
MY PRIOR BLOG SUMMED UP ZOMBULATION [more]
September 22, 2009 –
It is now time for you Fools to really understand Zombulation. It is defined as the point when you run out of income, savings and access to credit or when government taxes you 100% of your income and assets, in e ther case you are broke. [more]
September 22, 2009 –
The Federal Deposit Insurance Corp may ask healthy U.S. banks to lend billions of dollars to restore the health of the depleted fund that safeguards bank deposits, the New York Times reported, citing senior regulators.
The paper said the initiative, which has gathered strong support across the board, is seen as a more attractive alternative to tapping the $500 billion line of credit with the U.S. Treasury, or yet another emergency assessment. [more]
September 22, 2009 –
You mathematically cannot sustain a leveraged consumer econoomy without consumers. Over 80% of Americans work in the consumer economy or government supported by consumers paying taxes. [more]
September 22, 2009 –
Many who gathered in a park across from Akron City Hall this evening just didn't get it. [more]
September 21, 2009 –
Auto Sales Down 50% [more]
September 21, 2009 –
WHEN BANKS DON'T LEND AND CONSUMERS DON'T SPEND....PRACTICALLY ALL SHUTS DOWN [more]
September 19, 2009 –
Soon many Fools will learn...in order for America to function close to where we are now...we will very soon have to be taxed 100% of our income and assets...it is not the end of the world....simply the math. [more]
September 18, 2009 –
FHA running out of money [more]
September 16, 2009 –
Since credit is being cut off and interest are being raised by the bailed out bankers, our credit dependent consumer economy collapsing all around us. Since the consumer is the primary driver of our economy, by cutting off the consumer to credit and income, savings are being depleted. Our nation is shutting down as revenues and tax receipts contract at a pace NEVER before seen in our nation's history. [more]
September 16, 2009 –
Now America will learn that a nation simply can't produce little and print money to feed its people. The world will no longer respect your currency, dump it, and move to other assets. [more]
September 16, 2009 –
For the past few years, we have been seeing declining performance but have been told it was better than expected. As things get worse, more will shut down...but it will be better than expected. Until there is nothing left to shut down, but it will be better than expected. [more]
September 15, 2009 –
Are you ready for a FLOCK OF BLACK SWANS......9.09 [more]
September 15, 2009 –
When much worse is better than expected.....Alstrynomics no longer can serve a purpose. [more]
September 15, 2009 –
It is mathematically impossible to have a JOBLESS RECOVERY in America today. [more]
September 15, 2009 –
It seems strange that government and banking officials would even utter the words "jobless recovery" when we have become a domestic consumer based economy dependent on jobs tp function. [more]
September 15, 2009 –
SALES TAX RECEIPTS CRASHING.....HARDER AND HARDER INTO 9.09 [more]
September 14, 2009 –
Cities, Counties and States are struggling and running out of money across America. Over the past few years, they collectively borrowed trillions of dollars to build new buildings, schools, hospitals and convention centers when the tax receipts were flowing. Now that money is evaporating, the deficits are mounting as covering interest obligations are becoming more and more difficult to service. [more]
September 14, 2009 –
A million march to US Capitol to protest against 'Obama the socialist' [more]
September 14, 2009 –
Many of you who focus on doom and gloom are missing the point.....we are going through a change unlike any other change in American history since we switched from the agricultural age to the industrial age. [more]
September 14, 2009 –
As money runs out around the globe, nations must become more aggressive to generate employment and revenues for citizens. Compounding this problem is a growing depletion of the world's fresh water in important population centers like Mexico City and China. [more]
September 14, 2009 –
Since bankers no longer have to care whether debt ever pays off.....infecting the economy with too much debt is actually profitable for banks.....even if it eventually destroys the economy. [more]
September 13, 2009 –
The biggest and most secretive gathering of ships in maritime history lies at anchor east of Singapore. Never before photographed, it is bigger than the U.S. and British navies combined but has no crew, no cargo and no destination
[more]
September 13, 2009 –
It is funny, some people think Alstry is a perma bear.....nothing could be further from reality. [more]
September 12, 2009 –
At this point, based on Benny Bin Laden's Zombulation policy it appears WW3 or economic collapse is all but certain. [more]
September 11, 2009 –
Federal deficit hits $1.38 trillion through August......we are on track for a $2 trillion dollar deficit for calendar year 2009. $2 TRILLION DOLLARS!!!!! Benny Bin Laden is doing everything he can to bail out his buddies, cut off credit to the citizens, and destroy the value of our dollar. [more]
September 11, 2009 –
BEIRUT — Two rockets were fired from southern Lebanon into Israel on Friday, prompting Israel to respond with artillery fire, Lebanese security and military officials said. [more]
September 11, 2009 –
Without domestic consumption, America really has essentially no economy under the current structure. [more]
September 11, 2009 –
GET READY....9.09 IS JUST GETTING STARTED!!!!! AT SOME POINT, YOU TOO WILL GET ANGRY JUST LIKE ALSTRY!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! [more]
September 11, 2009 –
For the past year and a half, I have been documenting the shutting down of America. [more]
September 10, 2009 –
Lawyers are donating toilet paper to the Jefferson County Jail and encouraging others to do the same, after some of their incarcerated clients reported that it's in short supply.
Lawyer John Lentine said Tuesday several inmates told him independently that the jail is rationing toilet paper, and jail officials confirmed for him that supplies are low. [more]
September 10, 2009 –
As CNBC guests will be so quick to admit, the money on the sidelines is indeed not sitting still: it is fleeing! Even as the market has gone up by 4% over the past month, flows in domestic long-term equity mutual funds have become increasingly more negative. The total amount withdrawn is over $5 billion, and last week alone saw a -$3.2 billion outflow, according to Investment Company Institute. [more]
September 10, 2009 –
Ask yourself....if we are a very leveraged consumer based economy....and we are eliminating the consumer....what is left? [more]
September 10, 2009 –
You just couldn't stay away could you???? [more]
September 10, 2009 –
Taxpayers are getting tired of being pushed around!!!! [more]
September 09, 2009 –
FIRST TIRES, AND NOW STEEL????? [more]
September 09, 2009 –
Rioting for Jobs in Europe. Treasury tells us MILLIONS more foreclosures on the way. Philly laying off thousands of workers. Practically every city, county and state laying off, cutting back, and slashing wages. And the only thing preventing massive collapse is government printing trillions of dollars against a backdrop of evaporating revenues....... [more]
September 09, 2009 –
The following is a link for a Swedish paper....you can google translate the story. [more]
September 09, 2009 –
It is really funny how Fools try to compare where we are right now to The Great Depression.... [more]
September 08, 2009 –
Never be too arrogant about a $2 Trillion dollar deficit in an overleveraged swap induced consumption based economy while the tax receipts are crashing and the bankers are cutting off credit. [more]
September 08, 2009 –
There are silly Fools out there that try to compare The Great Depression to "The Great Recession." [more]
September 08, 2009 –
You will learn in September that practically every city, county, and state in America is being forced to make dramatic cuts. You will learn that even with a $2 Trillion dollar deficit....business is shrinking in America AND there is very little hope to make up that deficit without MASSIVE cutting. [more]
September 08, 2009 –
Right now we are being told things are looking up...... [more]
September 07, 2009 –
The following is a true story from Velusia County, Florida....where Dayona Beach is located. [more]
September 07, 2009 –
Unemployment in California should be really reported as 40% if we wanted to make and apples to apples comparison to The Great Depression. In the thirties there was no government social safety net keeping tens of millions off the streets and not standing in food lines waiting for a meal. [more]
September 07, 2009 –
9.09 is the time you will know or should know that pretty much our entire economy is simply a Ponzi Scheme based on borrowing and consumption. The facts are clear and now that the bankers are cutting off credit to the private economy, consumption is evaporating and the Ponzi Scheme is slowly being revealed. [more]
September 06, 2009 –
Dane County's financial situation is in worse shape now than it was projected to be in May, which officials said will make next year's budget even more difficult to balance without the possibility of layoffs or deep service cuts. [more]
September 06, 2009 –
The bankers plan to buy “life settlements,” life insurance policies that ill and elderly people sell for cash — $400,000 for a $1 million policy, say, depending on the life expectancy of the insured person. Then they plan to “securitize” these policies, in Wall Street jargon, by packaging hundreds or thousands together into bonds. They will then resell those bonds to investors, like big pension funds, who will receive the payouts when people with the insurance die. [more]
September 05, 2009 –
Alstry warned you if we continued with our Zombulation Policies, our nation would eventually shut down. Now our nation is shutting down with practically every city, county, and state reducing workers and cutting pay. Our auto companies are bankrupt and closing thouands of dealers. Many of our banks insolvent and closing. Our Airlines and Hotels are in great distress. Builders are bankrupt and independent mortgage companies are not much more than a recent memory. [more]
September 04, 2009 –
FDIC is basically out of funds. [more]
September 04, 2009 –
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. [more]
September 04, 2009 –
Here is the problem children.....and this is something Alstry has known all the time. [more]
September 04, 2009 –
Gov. Jan Brewer on Thursday signed a portion of the state budget that includes a controversial provision that calls for the state to sell selected public properties as it tries to generate some fast cash. [more]
September 03, 2009 –
States Shut Down to Save Cash
[more]
September 03, 2009 –
Welcome to 9.09......America NEVER shut down in the Great Depression....there were NEVER 100,000,000 million Americans on welfare, social security, medicare/medicaid and unemployment dependent on an economy not generating much in profits....and an economy dependent on such spending to function.....some people call printing money simply so tens of millions can consume a Ponzi Scheme. [more]
September 03, 2009 –
As many of you know, the United States is now a consuming economy with many agreeing the consumer represents 70% of GDP. [more]
September 02, 2009 –
CDS incentivizes lenders to overleverage a company and not care whether the loan can ever be paid back...the key is being able to make money on the SWAPs and make sure you are on the "right" side of the trade. [more]
September 02, 2009 –
Last night Zero Hedge obtained some interesting documents from the CDC web site. They contain blank 'forced quarantine' orders from Iowa and Florida regarding novel H1N1 -- including quarantine to a 'secure detention center'-- which appear to be recent -- dated April 2009. Some may be aware the NIH and CDC just held an H1N1 conference in DC -- August 19-21 2009 -- that focused on 'mass fatality management'. For many, this should be cause for concern. As is becoming clear, our government is quite corrupt. The idea that this same government is now preparing for forced quarantine and mass vaccination should make anyone who has been following recent events shudder. There is something going on here, but governments have not come clean with the public. Why 'secure detention centers' in the U.S. and 'secure vaccination centers' in France if there is nothing to be concerned about? It is becoming increasingly clear that a global mass vaccination campaign is planned -- likely to become mandatory in the 193 WHO member countries, despite serious safety concerns regarding these untested novel H1N1 vaccines, some of which are now known to contain high levels of the deadly adjuvent squalene. [more]
September 02, 2009 –
???????????????????????????????????????????????????????????????????????????????
September 02, 2009 –
WHILE OUR CITIES, COUNTIES, STATES, SCHOOLS AND HOSPITALS ARE SUFFOCATING FOR CASH........ [more]
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