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alstry (36.37)

Alstry was Wrong and Would Like to Appologize

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October 13, 2009 – Comments (16)

I have to admit, after further reflection I was wrong in my assessment of where I think the economy is going....based on further review I would like to make some updates which will subject to change going forward:

Based on the massive RECENT revenue declines to cities, counties, states, hospitals, and schools including Universities and Colleges.....Alstry would like to make the following revisions.

Orginally I thought if we simply maintained the same counterfeiting policy, Oil could reach $100, $500, or even $1000 per barral....well now based on recent dollar action and no sign of change from government....$10,000 per barral will be easily attainable.

USD Index Falls To 14 Month Low Of 75.757

Originally I thought unemployment would cap between 30-50%...but based on the recent layoff notices and outlook for currency, it seems 60-70% is not out of the question.  According to McKinsey we are already at 25%.

Where will this lead us, I am not quite certain....but if you take a look at the condition of Detroit today....I think that will be the best we can expect for most American major cities if we maintain the current Zombulation policies.

Economist: Lost Jobs Wont Return Until at least 2012

It ain't hard....now we feel....11.10.9.

16 Comments – Post Your Own

#1) On October 13, 2009 at 7:47 AM, OneLegged (< 20) wrote:

I agree that there is still a whole lotta hurt ahead, but $1000 per barrel? 

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#2) On October 13, 2009 at 7:48 AM, alstry (36.37) wrote:

Once you debase your currency....there is no limit....it simply becomes zeros.

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#3) On October 13, 2009 at 8:18 AM, ayekappy (< 20) wrote:

Thank you god!  Alstry, you just called the USD bottom.  Now the USD will only get stronger for at least a few weeks.

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#4) On October 13, 2009 at 8:29 AM, alstry (36.37) wrote:

I hope you are right....but for a lot longer than a few weeks.

If our dollar crashes....as an import based nation....it will be a mess for a long long time.

The problem is our wages are contrained by international pressures and now, over supply.......couple that with rising prices for staples and our standard of living could reach depths never seen on such a widespread scale.

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#5) On October 13, 2009 at 9:04 AM, lquadland10 (< 20) wrote:

I am so glad the house is paid for.

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#6) On October 13, 2009 at 9:07 AM, alstry (36.37) wrote:

lquad,

What good is a paid for house when many of your neighbors are foreclosed....go to Detroit for a perspective.

Unless we change Zombulation policies....this is where we are headed.....and if this is where we are headed, then if we don't prepare the population, then the social fallout will be volitile.

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#7) On October 13, 2009 at 9:30 AM, BMFPitt (72.08) wrote:

11/10?  You need to stretch out your apocolypse deadlines, that way you don't need to update as often.  The Seventh-day Adventists kept on going for years with new dates before they had to give it up, but they have to be spread out enough.

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#8) On October 13, 2009 at 9:36 AM, chetwyman (< 20) wrote:

Alstry, China is still supporting our dollar.  It won't crash until they want it to.  Thats why it is so hard to predict MOAP.  I wish I knew why China was waiting.  I agree this roller coaster ride is only going to get worse but it will come at China's convenience.  We are at their mercy now.

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#9) On October 13, 2009 at 9:41 AM, blueberrygoo (73.94) wrote:

That article about the jobs coming back in 2012 was interesting -- one of the commenters really posted a good point:

 "I believe that what these economists are saying is that we will not fully recover these lost jobs (7.2 million) until 2012. Taking a conservative view that the 2012 timeline means that the full recovery of these lost jobs will take between now and the last quarter of 2012. If we are to assume that we will not even start to experience positive job growth until at least Jan-Feb of 2010, that means that the economy will need to produce an average of 200,000 net new jobs per month over the next 36 months. That is what they are saying."

When you look at it that way, my opinion is there's no way that's going to happen (200k new jobs a month average) between Jan 2010 and end of 2012.

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#10) On October 13, 2009 at 9:57 AM, Rasbold (90.68) wrote:

Let the dolar tank!!

 

Even trhough it is pouring rain here is Cali, I am STILL going to mine!

$1060 / oz??    - yeah, I'll get wet for that!

#5 - I am glad my house isn't paid off. Soon, I will be able hand HSBC a few oz's of gold for my title!! Report this comment
#11) On October 13, 2009 at 10:48 AM, cudakhan (< 20) wrote:

I have asked my customers to pay me in rolls of pennies, as the dollar declined the price of copper has increased three fold.

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#12) On October 13, 2009 at 3:07 PM, dickseacup (66.70) wrote:

I have asked my customers to pay me in rolls of pennies, as the dollar declined the price of copper has increased three fold.

Since 1982, pennies have been 97.6% zinc, with a copper plate.  You are better off getting paid in rolls of nickels if you are looking at the commodity value of the metal. Keep in mind that it is against federal law to melt coinage.

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#13) On October 13, 2009 at 3:19 PM, mingusdew (31.81) wrote:

Better yet, skip the nickels too and demand payment in pre '64 silver!

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#14) On October 19, 2009 at 2:45 PM, JakilaTheHun (99.93) wrote:

What infuriates JakilaTheHun about all these Alstry posts is that its OBVIOUS that he wants to parrot out overly OPTIMISTIC PROJECTIONS and that he DOES NOT TRULY UNDERSTAND the WRATH that will be created by FRANKENSTEIN'S MONSTERIZATION MONDAY ON 12.7.9!!!!!!!!!!

There will be 142% UNEMPLOYMENT, home prices will decline 210% - 340%, and OIL will reach INFINITY DOLLARS PER BARREL!!!!!!!!

PREPARE NOW OR YOU WILL BE FRANKENSTEIN'S MONSTERSITIZED!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! Alstry is just one of the Sheeple (TM) trying to give you a rosy outlook for the future.  Only JakilaTheHun can prepare you for FRANKENSTEIN'S MONSTERIZATION MONDAY - 12.7.09!!!!@!@!@!@!!!!!!

 

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#15) On October 19, 2009 at 2:52 PM, TMFBent (99.80) wrote:

wHAT IS infuriating about JAKILIA TEH HON is that he aboids the NEED for a SMOOTH, mellow, CHICKEN-BASED alternative currency, for bringing to the DRY GOODs store, the CAPE knittery, and the IRON MONGERS.

Chicken NOW, prosperity later.

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#16) On October 20, 2009 at 10:53 AM, booyahh (< 20) wrote:

We must return to PAPER standard, as paper has REAL value !!!

ELECTRONIC created FIAT currency has no VALUE. Even gold has NO value. But PAPER has REAL value !!

You can use paper for many thing, like cardboard box, exercise book, and toilet papers.

Can you WIPE ass with gold?  Can you make nice CARDBOARD box with electricity?!!!  

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