A DEPRESSION Session and REFLECTOR update
I know many of you guys find it hard to believe that we are ALREADY in a depression.....but we are based on the greater weight of the evidence. You can believe those idiots that have been lying to you for the past few years.....or just look at the facts.
I hope you have prepared.....America potentially is about to see the greatest number of bankruptcies in its history buth on an absolute basis and relative basis. Bankruptcies will cause further bankruptcies causing even more bankruptcies and in the end many will be saying FU!!!!!!!!!!!!!!!!!!!!!!!!!!!! That is right.....FU!!!!!!!!!!!!!!!!!!!
A Louisiana court issued an order to seize and sell a General Growth Properties Inc GGP.N shopping center in a New Orleans suburb after the No. 2 U.S. mall owner failed to repay a $95 million loan, a Citigroup ... unit said on Friday.
The Oakwood Shopping Center in the town of Gretna is the fourth General Growth property seized in the last few days after the company failed to pay mortgage debt.
Four properties seized in a few days?????????
Rev Par for hotels is down 25% from last year.
U3 Unemployment in CA is now at 10.5% U6 is likely approaching 20%.
Xerox also said revenue in January and February fell 18 percent, largely due to lower sales of equipment and printer-based supplies.
REMEMBER, A DEPRESSION IS DEFINED AS A 10% DROP IN GDP FROM PEAK TO TROUGH......many MANY industries are down 30,40,50% and MORE in the PAST TWO YEARS!!!!
As you guys have learned the hard way....Alstrynomics is generally first to tell you what is going on......you even get it from Alstry before Dr. Doom himself....in the past he was six months or more behind Alstry.....now he is catching up quickly.....based on todays article......he is only a few weeks now.
As we discussed last week.....A MASSIVE convex REFLECTOR developed between the 7200 and 7500 level with a large physical silver coating at the 7500 which makes it practically impossible for those slimy spector vectors to penetrate for any length of time before extinguishing practically all of their energy as revealed by the photon spectrometer reading on Wednesday.
While many of those Techno Fairies are predicting a return to a bull market.....the evidence is simply lacking to support such a fantastic assertion.
Today was simply a confirmation that when you get a spector vector coming up against a coating of inflation fighting physical silver.....the spector vector gets deflated almost everytime.....and this time was no different.
With the spector vectors exhausted, the economy in a depression, and many families, corporatons, and state and local governments on the brink of bankruptcy......we have a recipie for downward pressure with a intermediate price target of 3500 to 4000. Don't fret....that likely won't be close to the bottom...........
The key is to prepare and not fear.........