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alstry (35.21)

ALSTRYDOMOUS...WW3 or Economic Collapse...9.09

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September 12, 2009 – Comments (13)

At this point, based on Benny Bin Laden's Zombulation policy it appears WW3 or economic collapse is all but certain.

http://caps.fool.com/Blogs/ViewPost.aspx?bpid=258209&t=01002130057764754273#comments

You simply cannot counterfeit your currency and think the rest of the world is going to simply stand back and accept it indefinitely.  It was Benny B's responsibility to make sure this never happened and insure our nation operated under a sound monetary policy.  Clearly, by handing over trillions to his banker buddies while cutting off credit to the citizens and non Wall Street funded businesses is not in the interest of the citizens or nation. 

We are now building up our military and preparing for an escalation in conflict.

Any doubts of where we are heading should be quelled by this Ron Paul intereview.

We are erecting trade barriers, increasing troop build ups, cutting off credit to the private citizens and businesses, gutting our pension plans, and destroying the value of our assets effectively putting our citizens in a position of fight or starvation.

Quitely, we have been preparing our own Army for domestic unrest due to the inevitable economic distress arising from the current Zombulation policies.

As of March, it became clear that many banks were insolvent but for mark to myth accounting, our corporate profits have evaporated, our cities, counties and states are running out of money and poverty is skyrocketing as millions are losing their jobs or suffering massive wage cuts.  Right now the only thing keeping this charade going is a growing defict that simply can't be sustained.  Without the deficit, tens of millions of Americans would be on the streets begging for food.

Without restructuring debt, our choices are very limited.....and based on the direction we are heading....it appears the choice has been made.

Are you prepared?

13 Comments – Post Your Own

#1) On September 12, 2009 at 12:37 PM, alstry (35.21) wrote:

JUST ONE BIG PONZI SCHEME!!!

WASHINGTON -- The biggest recipients so far of the federal contracts awarded with stimulus money are large companies that faced little competition for the funds.

Most of the money that has flowed from the $787 billion stimulus plan since it was passed six months ago has gone to the states. But about 22,000 federal contracts with a total value of around $12 billion have been signed with companies, according to a public database of the deals. Companies faced no competition in about a fifth of the dollars and almost all of the contracts agreed to so far have had four bidders or fewer, the records show.

The reported contracts include millions of dollars for big-name food, drug and auto companies. Del Monte Foods Co. and Hormel Food Corp.'s Jennie-O Turkey unit are providing supplies for food pantries, and so are private-label firms such as Lakeside Foods. Drug makers GlaxoSmithKline PLC, Merck & Co., Novartis AG and a unit of Sanofi Aventis Group are supplying extra vaccines for the Centers for Disease Control and Prevention. Chrysler Group LLC, Ford Motor Co. and General Motors Co. are selling hybrids and other fuel-efficient vehicles to the General Services Administration for the federal fleet.

Now you know, as the mainstream press is starting to reveal in the WSJ......MOAP

Since the stimulous is simply deficit spending....a big chunk of the revenues to the S&P 500 is government printing and spending......without government printing, revenues would decline dramtically...

You Fools just didn't want to believe.....that the entire lifestyle of America morphed into one big Ponzi Scheme designed and orchestrated by the Fed and Wall Street.

Now they are cutting us off of funds and raising interest rates after infecting us with a masive amount of debt....while we bail them out?  The pain has just started as soon they will tell us we must save.....and at that point, we will never be able to pay them back as revenues will evaporate to a level not enough to service outstanding debt and they will foreclose on everything we own.

Wall Street is already becoming the primary borrower of U.S. debt....pretty soon we will all be slaves to Wall Street.

The question now is will we be taken to war before you are ever allowed to find out???????????????????????

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#2) On September 12, 2009 at 12:46 PM, alstry (35.21) wrote:

WHAT HAPPENS WHEN THE CITIZENS BECOME THE TARGET OF SHOCK AND AWE??????

September 11, 2009 (San Diego) – “Long-range acoustic devices [LRADs] for crowd control can be extremely dangerous. These are used in Iraq to control insurgents. They can cause serious and lasting harm to humans…We want to know WHY our Sheriff Dept has this weapon,” Sal Magallanez of San Diego-based Liberty One Radio said in an e-mail sent to East County Magazine, prompting a joint investigation.
 
The device was stationed by San Diego County Sheriff deputies at a recent town hall forum hosted by Congresswoman Susan Davis (D-San Diego) in Spring Valley and at a subsequent town hall with Congressman Darrell Issa (R-San Diego).
The Davis Rally drew an estimated 1,300-1,500 people, including vocal conservative and liberal protest groups.


A public records search conducted by East County Magazine has confirmed that the device is an LRAD 500-x manufactured by San Diego-based American Technology Corporation (ATC). Capable of use as an effective loudspeaker, the LRAD also has the ability to emit a deafening tone aimed at incapacitating and dispersing a crowd without use of lethal force.
 
“It’s very concerning,” Kevin Keenan, executive director of the American Civil Liberties Union, said. “ It is fine for the Sheriff’s Department to have new less-than-lethal weapons, but for their interactions with individuals these still-dangerous weapons need to be used only as substitutes for firearms. They can’t be used as just another tool on the tool belt. As we’ve seen with tasers and pepper spray, these types of weapons are being used to subdue people even though they pose the risk of serious physical harm.”
 
He added, “Even more concerning is having these weapons for public order policing. I can imagine no situation, or am not aware of any situation that’s ever happened in San Diego County or is likely to happen that would justify using these weapons for public order policing to control a crowd. The main effect of having those weapons at public events is to chill people and chill free speech and free association.”

http://eastcountymagazine.org/?q=node/1874

What are they preparing???  Are you prepared???  9.09

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#3) On September 12, 2009 at 3:09 PM, Nosignal100 (< 20) wrote:

It is my understanding that the SRS is inversely related to DJUSRE. It is also juiced. On 11/20/2008 the SRS was 259 and the DJUSRE was 96.26. On 3/6/2009 the SRS was 100 and the DJUSRE was 85.52. Doesn't make sense. Where is the inverse relationship. It was only a 12% reduction in the DJSURE but almost a 62% reduction in the SRS price. What gives? Why does anbody need to go the Vegas when the biggest casino is right at their fingertips! 

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#4) On September 12, 2009 at 3:28 PM, fmahnke (95.41) wrote:

Alstry,

Thanks for the RP video.  I would vote for Ron Paul in 2012, if I get the chance,

With 18 days left in 09 09, I wonder how you are feeling about your prediction in terms of timing,  I sensed a crack in the mkts on Friday with oil and stocks defying the dollar.  Kick in Corus and OBAMA on Wall Street on Monday, I think the stock market rally may be over,  However, I still doubt disaster strikes this month

Do you see the tire tariff as significant ? .  I don't think it has a immediate impact on the Treasury auctions as Benny B;s  and his banker buddies continue to buy with both hands, (by the way, the Osama /BB reference is hilarious but a bit too disresectful for me to use).  Your right about what he is doing, but I'm not convinced his motivation for these actions is similiar to Bin Laden"s . Stated differently, people sometimes make mistakes in trying to do what they think is right for America.

Also what about the Tea Parties ?.  A viable reform related option or too late to make a difference,  Tick,tock. 

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#5) On September 12, 2009 at 3:35 PM, fmahnke (95.41) wrote:

Sammy,

Leveraged EFT;s just dont add up over the long term.  Meant to be held a day or three at best sometimes better, but more often worse than the intended results.

I have traded these alot but never held for too long.  Largest current holding is FAZ (at thurs close, added ERY and EDZ on Friday.  Must close on Mon/Tues to follow my own trading rules

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#6) On September 12, 2009 at 5:35 PM, alstry (35.21) wrote:

K&E NEVER hands out pink slips....until the Zombulator got'em

There was an epidemic of pink slips at Chicago's most profitable law firm last week.

The week before Labor Day, Kirkland & Ellis laid off associates at many of its offices, including Chicago. The firm has so far declined to comment about the layoffs but two blogs have reported the grim news.

Above the Law said Tuesday morning that the layoffs in Chicago affected lawyers in the corporate and intellectual property departments. The cuts included associates who had just completed their first year at the firm.

Last week, the Wall Street Journal Law Blog reported that the firm fired more than 20 associates in its New York office. The layoffs come at the end of the firm's annual associate-review process.

http://newsblogs.chicagotribune.com/chicago-law/2009/09/kirkland-ellis-lays-off-associates-nationwide.html

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#7) On September 12, 2009 at 5:40 PM, alstry (35.21) wrote:

WORK IS EVAPORATING!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

In its most recent round of reductions, Sonnenschein Nath & Rosenthal has cut about 30 lawyers this month, including 10 income partners, according to sources familiar with the firm's cost cutting.

The firm eliminated most of the attorney positions in the real estate and corporate practices areas, cutting those lawyers who have remained idle because of the ongoing slowdown in banking, capital markets, real estate development, and mergers and acquisitions, the sources said. Most of the lawyers, located across the firm's offices, are expected to exit by Nov. 1.

This is the third round of dismissals for Sonnenschein in the past 18 months. The firm is not alone in having multiple rounds of lawyer cuts as it tries to align costs with reduced revenue.

Before the recession began in late 2007, Sonnenschein had been on a major growth campaign, seeking to hire enough lawyers from other firms to expand to 1,000 attorneys within a few years. Last December, it absorbed 100 lawyers from the collapsing Thacher Proffitt & Wood. The firm said it had 703 lawyers as of July 31 of this year. The firm, which was founded in Chicago, has offices in 11 U.S. cities and in Brussels and Zurich.

"Sonnenschein was on a big growth spurt," said Joel Henning, a Chicago legal consultant who advises firms on strategy and isn't working with Sonnenschein. "When the work evaporated, that became a tough strategy to execute."

http://finance.yahoo.com/news/Latest-Sonnenschein-Layoffs-law-800500862.html?x=0&.v=1

When work is evaporating for the Law Firms, work is evaporating for practically everyone....but not all.....just yet.

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#8) On September 12, 2009 at 5:51 PM, memoandstitch (< 20) wrote:

Sammy, what you see is called beta slippage.  Everyday, the underlying index goes up, these ETFs have to ramp up their leverage in order to deliver 2x or 3x the result the next day.  If the underlying goes back down, the ETFs will fall below the original level because their leverage was bigger than before.  Charles Schwabb explained this on their website.

That's why in their description, these ETFs guarantee only daily performance, not monthly or yearly performance.

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#9) On September 12, 2009 at 6:43 PM, jason2713 (< 20) wrote:

I think what alstry is saying is that we are on our way to a very different way of life.  I believe there has to be basic consumption on necessities, so there won't be an absolute chaotic mahem on our hands with martial law...I still think everything should work out because ultimately the world does need the USA and its people, that would hit their economies very much so.  Forcing us to change our policies is what they are probably going to attempt.

Lets hope the spending ways of the gov't stops, and we actually have a balanced budget when everything is all said and done.  Cutting back on the gov't and its employees, while it will hurt short term, the 2 trillion we have now should fill in the gaps until the cutting starts to cut back on their overhead to run gov't services.

We will have to get used to actually doing for ourselves, and not rely on the gov't.  Many already do, it won't be that big of a life change, but many impoverished people who rely on gov't (which is a lot) will have to use capitalism to their advantage and not rely on a hand out.  It's just the fact of life.

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#10) On September 12, 2009 at 7:00 PM, NoMoeMoney (< 20) wrote:

Not for nothing but leveraged ETFs are nothing but dog doo (yes, I've owned SRS and FAZ, also FAS: too bad I sold that one?!?) Its just a matter of whether the dog craps two logs or one!

As for Alstry- no need to fret, when we hit the winter solstice on 2012 (as per the Mayans) and the earth aligns with the center of the galaxy, the gamma blast we get from the black hole hanging around out there will hit us like a lazer from space, thus frying the earth. Of course the magnetic poles chould shift before that just to give us a taste of the fun to come. Have a drink, put on sunglasses and get a nice tan. ...The economy, what economy? 

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#11) On September 12, 2009 at 10:40 PM, oshiri (< 20) wrote:

NoMoMo . . .

     Our's is clearly a man-made disaster. Leveraged EFTs are pocket change compared to what's happening. Reality is about to hit us, and its not the alpha, beta, or gamma rays from deep space.

     Doubters need to read between the lines -- Why are insiders selling at a $30-to-$1 clip? Why did U.S. borrowing plunge $21.6 billion in July? Why is the U.S. Treasury predicting another six million property forclosures over the next three years? Why are so many people not seeing the signs?

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#12) On September 12, 2009 at 10:49 PM, catoismymotor (36.11) wrote:

WW3 was the Cold War. WW4 is the current War on Terror. WW5 might be the label you are looking for.

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#13) On September 12, 2009 at 11:47 PM, alstry (35.21) wrote:

jason,

The point I am making is we are on our way to a completely different economy.  Right  now our economy is a credit dependent domestic consumer based system.  If we don't consume domestically, we really don't have much of an economy because absent domestic consumption, production/export ain't very much.  In addition, much of our consumption was predicated on borrowing and now we have a HUGE amount of debt accumulated due to years of borrowing suffocating much of our consumption.

Conversely, if the Japanese stopped consuming, they would still have relatively more income than Americans because of their export based economy....further, they would be able to keep more of what they earned due to very little debt to service.

Our entire  economy is primarily based on credit and  domestic consumption.....MASSIVE DOMESTIC CONSUMPTION.....most of our asset base is simply accumulated debt in our banks, insurance companies, and  retirement accounts in the form of mortgages, bonds, sercutitized debt, and notes.  If this debt collapses, so does tens of trillions of dollars of assets.

As banks cut us off from credit, more and more debt will default detroying our asset base.  As we are forced to become savers, our  economy will implode because it is not structured financially to service savers. Sales and income will collapse and we will simply be unable to service tens of trillions of outstanding debt and the current fixed cost base such as rents, mortgages, property taxes and insurance expenses.  All of these expenses are set at a high leverage consumption based economy level....not saver economy level.

As a result, practically the entire nation will go broke unable to meet fixed expenses, tens of millions will lose their jobs as most jobs exist simply to service a consumption society..... and so will our government as tax receipts evaporate and government can't meet its obligations. 

This is not about a change in lifestyle, it is about a total destruction of an economy as we know it.... from a leveraged domestic consumer based system to a saver and hopefully eventually producer based system.

The change will be good, but the process will be more convulsive than anything America has seen in its history.

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