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alstry (35.33)

Alstry Thought At A Level Few Fools Could

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August 24, 2010 – Comments (3)

Most people can't think outside their life experiences and knowledge......

I spent the weekend with a physicist whose job it is to predict failures on product and events that have not come to market yet......

This individual is TRAINED to think outside what is known......I call this ORANGE SWAN thinking.

For the past three years I have been trying to explain.....and then documenting with evidence, that Benny the B engineered the greatest fraud in human history.....one much larger than his fraud brother Bernie M......

We simply built an economy on borrowing trillions of dollars per year and spending it.......and whoever got credit......spent it regardless of whether it was economically sound.......

WE ALL BENEFITTED FROM THIS FRAUD BY CREATING A BOOMING ECONOMY....just like Bernie's clients benefitted from his fraud by getting fantastic returns for 30 years.....

BUT AS IN THE CASE OF ALL FRAUDS.....the money comes to an end......and in this case, we knew it was soon because the bankers started cutting off credit to mainstreet about three years ago......AFTER MAINSTREET, WASHINGTON, AND WALL STREET BORROWED ABOUT $30 TRILLION IN JUST 10 YEARS.

Despite heroic efforts by Washington and Wall Street to borrow their executives to prosperity......cutting off the private sector is simply too large a burden to overcome for just Washington and Wall Street......however, it did give the illusion of stabilization for about a year and a half.....

But as the debt accumulated and the private sector crashed.....it appears the veil is being lifted.....and we are learning that there really is no recovery, unless you got a BIG check from Benny the B.......

At this point, choices are becoming more and more limited as more and more shut down.  The tadpole has fewer and fewer places to swim to as the creek runs dry......

AS A NATION WE GOT THE PERCEPTION OF WEALTH BY BORROWING $30 TRILLION IN JUST TEN YEARS......NOW WE WILL LEARN WHAT HAPPENS TO NATIONS WHEN BANKERS CUT IT OFF OF CREDIT.......

IT IS NOT THE END OF THE WORLD.....SIMPLY THE END OF A WORLD AS YOU KNEW IT....

AND DURING THE WHOLE TIME AS OUR NATION SHUT DOWN, YOU JUST COULDN'T TAKE YOUR EYES OFF THE TICKER.........COULD YOU?

3 Comments – Post Your Own

#1) On August 24, 2010 at 12:23 PM, JerseyShoreGirl (< 20) wrote:

I think the next few days should be telling ... we'll see.

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#2) On August 24, 2010 at 1:34 PM, Dow3000 (< 20) wrote:

Had Jersey Mikes for lunch...delicious!

 As for stock market in September...flash crash on steroids comes to mind.

 Any thoughts as to the timing of a bond market implosion?

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#3) On August 24, 2010 at 2:32 PM, JerseyShoreGirl (< 20) wrote:

Dow, I grew up on Jersey Mike's from their original hole-in-the-wall location, before they became a franchise ... we still love them! 

My husband follows Terry Laundry .. he does a weekly audio commentary on his wesite called ttheory.com ... i know there's a lot of info on bonds on his website .. my husband tells me he keeps talking about 8/26 .. check him out!

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