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alstry (35.68)

Alstry is GONE FOREVER

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April 25, 2010 – Comments (19)

Alstry is gone and has morphed into Alstrymous....

Alstry was the character who warned you and documented the shutting down of the industrial age.....Alstrydomous provides you insight into the future.....Alstrymous will guide you into the digital age.

Alstry predicted 50% unemployment....now we have 50% fewer workers in a number of industries including Architecture, Construction, Mortgage Sales, Real Estate Sales, American Auto Manufacturing, just to name a few.  Expect similar results in a number of areas including government, health care and technology....the key drivers of employment today.

Alstry predicted the housing crash....

Alstry predicted the banking crash....

Alstry predicted the government crash.....which is just beginning.......

Now Alstrymous is here full time to protect you from the looting of your retirement and investment accounts by Wall Street and Washington....as they take your hard earned cash and replace it with toxic instruments.....unfortunately many of you don't even know it is going on.....YET.

That is why Alstrymous is here......to teach and to guide.  If you want to keep up with the shutting down of the indstrustrial age...may I refer you to dailyjobcuts.com.

You thought you were getting richer when your homes, your neighbors homes, and many forms of real estate were being infected with a massive amount of toxic mortgages, toxic home equity loans, and other very toxic debt, equity and derivitive instruments....but many have and are learning the hard way...it was not much more than a ponzi scheme of lend, pretend and spend.

Similar such instruments are now being peddled covering corporations, municipalities, and other governments.  The fallout from such a massive fraud will change our lives forever and set the foundation for the digital age....and age that few can comprehend....a comprehension of the massive and convulsive changes.

Please allow me to introduce myself....Alstrymous......the guide to the digital age.

19 Comments – Post Your Own

#1) On April 25, 2010 at 2:12 PM, blesto (31.11) wrote:

Oh Alstrymous,

My toxic mortgage has been purified. I payed it off.

My toxic debt will be finished this year.

Debt is toxic in general.

"...like fire, it is a useful servant and terrible master."  to partially take apart a quote of George Washington. 

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#2) On April 25, 2010 at 2:25 PM, alstry (35.68) wrote:

Look around you my friend....the world is swimming in debt....the nations, the governments, the cities, the states, the counties, the schools, the hospitals, the corporations, the families, the banks, the insurance companies, the pensions, the 401Ks, the IRAs......

It has all become debt......even that dollar bill in your wallet is nothing more than a debt instrument called a note....and with all good ponzi schemes they must all come to an end....this one just got bigger and lasted longer than most.....a bit longer than Madoff's 30 years.

As far as how does this relate to you?  You simply paid off your note secured by a mortgage with a debt instrument, a federal reserve note backed by the full faith and credit of the United States....exchanging one debt obligation for another....

stay tuned little weedhopper, you have much to learn as we enter the digital age.

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#3) On April 25, 2010 at 2:42 PM, dibble905 (91.29) wrote:

"You thought you were getting richer when your homes, your neighbors homes, and many forms of real estate were being infected with a massive amount of toxic mortgages, toxic home equity loans, and other very toxic debt, equity and derivitive instruments....but many have and are learning the hard way...it was not much more than a ponzi scheme of lend, pretend and spend."

Infected?

First of all, the only ones infecting anyone are the debt borrowers themselves -- the ones who had no means of paying for their homes. To blame the institutions for allowing it to happen is like blaming gun and ammunition makers for murder. Sure, without it, it wouldn't have happened -- but ultimately, it's the debt borrowers who pulled the trigger. In all fairness, both the institutions and the debt borrowers are to blame -- but I would put a lot more emphasis on the debt borrowers.

That is not to say, there should be regulations in place to prevent such things from happening... but that implies people are incapable of making their own decsions and they need "law" to prevent terrible things from happening (we do not need regulations to tell us murder is wrong). But ultimately, that is what it boils down to -- people are incapable of making the right decisions on their own

I am more worried and angered by the amount of toxic brains that are out there. I am far more worried that the world is becoming dumber as we speak, and that we need regulation to spell out every possible do's and don'ts.

It is only a matter of time before one writes a giant rule book, hands it to every new born, and tell them to consult to it before rolling out of their crib.

We say we want freedom, but whenever something goes wrong, we dictate and push for "regulation" -- which is the exact opposite. Seriously, what do humas want?

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#4) On April 25, 2010 at 2:59 PM, RLAprof (< 20) wrote:

The loans that were taken out by persons who could not pay them were specifically designed and generated (with huge incentives) by the lenders and financial giants who wanted to provide enough mortgages to feed a growing appetite in the MBS and CDO markets.

It was not the Liar Loans or the Ninjas that brought the system down; it was packaging these and selling them all with Triple-A ratings. The way they were packaged, all it took to bring the house of cards tumbling down was less than an 8% default rate. The default rate on some of these Triple-A tranches was nearly 50%. You cannot blame that on the borrowers who would not know their ARM from their leg. 

The blame goes to a system that rewards short-term gains and never looks beyond the end of the quarter.

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#5) On April 25, 2010 at 3:00 PM, RonChapmanJr (98.51) wrote:

This is getting silly.  :)  How are you going to "protect us"?

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#6) On April 25, 2010 at 3:07 PM, HarryCarysGhost (99.78) wrote:

Al,

Before you leave (at this rate, target 2025 :)

Can you confirm a conspiracy theory I've been working on.

The evidence shows that Alstry is not the work of one lone fool. Rather the collected work of three different Fools. I've detected three different writing styles,and three different opinions.

This would also explain multiple posts within minutes of each other.

Best of luck to you where ever your adventure takes you.

msftgev.

Sorry for the repost, But I never received an answer. It's clearer now.

 

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#7) On April 25, 2010 at 3:41 PM, alstry (35.68) wrote:

My friends....many of you Fools live in the past world when money was really money and it was finite.....now money is debt and debt is infinite....until you can't roll it over extending and pretending.

It wasn't just homeowners that overleveraged....the system over leveraged and we all exist in the system...all of our assets are in the system.....and the system is us as every component that we measure our wealth and prosperity is in the system.....and it is the system which we function whether we like it or not.

Alstrymous will help you navigate the very convulsive course as we learn that this system is insolvent and we prepare and proceed into the next system.

As they say on Zero Hedge and the movie The Fight Club.....On a long enough timeline, the survival rate for everyone drops to zero.

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#8) On April 25, 2010 at 3:46 PM, alstry (35.68) wrote:

mstgv,

Alstry, Alstrymous, and Alstrydomous are three characters but only really only one mortal.....they move in and out of the system each with their own perspective.

Alstry sees the Industrial Age shutting down.

Alstrymous is focused on the transition from the Industrial Age to the Digital Age.

Alstrydomous focuses on the future.

We are now beginning the transition as the present system shuts down setting up the foundation for a new system.

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#9) On April 25, 2010 at 3:48 PM, dibble905 (91.29) wrote:

US Dollar Printing Press + US Dollar Denominated Debt Liability = Never Insolvent

You seem to be missing the point here.

The cost of a huge debt burden denominated in your own currency is not insolvency or any kind of failure to pay; It is inflation.

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#10) On April 25, 2010 at 4:12 PM, dare1182 (< 20) wrote:

Huge debts will lead to huge surge in money printing to meet that debt obligation. That would lead to inflation and not insolvency. It would have lead to insolvency if the dollar was tied to anything or backed by gold for example.Inflation is the name of the game...

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#11) On April 25, 2010 at 4:15 PM, alstry (35.68) wrote:

The cost of a huge debt burden denominated in your own currency is not insolvency or any kind of failure to pay; It is inflation

It is the bankers currency....not your currency.   Notice the title on the top....a Federal Reserve Note.

 Never  forget that fact!!!!!!!!!

And if it is inflation....why are most salaries and incomes going down?....the key expense in a service economy.

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#12) On April 25, 2010 at 4:19 PM, alstry (35.68) wrote:

inflation to its logical extention is insolvency.....

hyperinflation is insolvency for ALLin short order!!!!!!!!!!

If you had a million dollars.....and a loaf of bread is $2 Million.........You are BROKE!!!!!

Just ask the citizens of Zimbabwe, Iran, Lebanon, Greece, Germany..........we could go on and on and on....

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#13) On April 25, 2010 at 4:29 PM, dibble905 (91.29) wrote:

Alstry,

"It is the bankers currency....not your currency.   Notice the title on the top....a Federal Reserve Note.

 Never  forget that fact!!!!!!!!!"

 

Please review the context of how I typed "Your own". It was obviously in relation to the debt ower, not "my" currency.

Never forget the fact of common sense either.

"And if it is inflation....why are most salaries and incomes going down?....the key expense in a service economy."

Hold on a second here. Where did I or anyone imply that a spike in inflation was occuring?

Let me make this clear.

As long as the denomination of the currency for which one must pay is denominated in your (not mine, Alstry, the debt ower) domestic currency, the risk to the debt holders is not "failure to pay" -- or insolvency -- but inflation IF the monetary authority chooses to fund the liabilities by printing the domestic currency.

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#14) On April 25, 2010 at 5:58 PM, alstry (35.68) wrote:

Right now they are only funding the public liabilities and cutting off the private credit availability.

Private and non federal debt is about 4X greater than federal debt.....

Think about the implications......welcome to the digital age....it will be exciting.

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#15) On April 25, 2010 at 9:53 PM, Donnernv (< 20) wrote:

Alstrymouse?  You might want to rethink that.  I don't think that's quite the image you want.

 

 

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#16) On April 25, 2010 at 10:11 PM, alstry (35.68) wrote:

Donner.....you still don't get it do you....????

I have given you enough hints.

We are calling a housing recovery building at an annualized rate o 400K units during the peak selling season and closing out the $8K tax credit.

We will be lucky to be building any homes by this summer when the credit expires and 10 million loans are delinquent and in the process of foreclosure.

But I am done focusing on the negative.....the digital age will be very exciting.

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#17) On April 25, 2010 at 10:24 PM, Seano67 (60.27) wrote:

Yes, Alstrymouse doesn't really cut it. Sounds kind of....mousy. What about Alstrymatic, or Alstrymatrix? Following the Matrix theme,  Alstry could be considered rather Morpheus-like, as he offers us either the red pill or the blue pill, dependent upon whether we wake up in our beds with the story ended, thinking our happy thoughts and believing whatever we want to believe, or whether we want to descend down into Wonderland and have him show us just how deep the rabbit hole goes.

Ehh, it's a serious stretch, but I  gave it a shot. At any rate, I had a feeling that Alstry by whatever name probably couldn't stay away, so welcome back!

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#18) On April 26, 2010 at 9:10 AM, ChrisGraley (31.73) wrote:

"Eternity is a very long time! Especially near the end." Woody Allen

 

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#19) On April 26, 2010 at 9:30 AM, alstry (35.68) wrote:

Chuck....

Why do you think I am finally starting a really fun dot.com startup.....

balance is the elixer of any convulsion.

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