Use access key #2 to skip to page content.

alstry (< 20)

Are you ready to leave the Matrix?????? 9.09



July 09, 2009 – Comments (18)

In FY2008, federal, state and local governments will spend $679 billion on means-tested welfare programs. Means-tested welfare programs provide: cash, food, housing, free or subsidized medical care, and targeted social services to poor and low income Americans. This high level of spending is not the result of a temporary, short-term surge in expenditures, but, rather, is the product of a steady incremental growth in spending over the last two decades.

Add in unemployment benefits and we are approaching $800 Billion. 

When the government was collecting higher taxes, this money was basically a transfer from one  group of Americans to another.  But now, since so few are paying taxes and the tax receipts are so low, the money dores not really exist to pay welfare or unemployment.  Basically 6% of GDP spending is simply money borrowed by government and given to the tune of $7000 for every man, woman and child in the poorest 1/3 of our population.

If the money was not given to the poor, our economy would contract rapidly as it never existed in the first was simply borrowed in 2008 leaving a legacy of debt we are now burdened with in 2009.

If the money was not given to the poor, WalMart's revenues would be much lower.....

A record 33.8 million people received food stamps in April, up 20 percent from a year earlier, as unemployment surged toward a 26-year high, government figures show. Spending also jumped, as the average benefit rose. would the revenues many other grocery chains, and drug stores,drug manufacturers and hospitals etc.....

The irony is the revenues are capitalized in the stock market and turned into net worth for the rich.  If the government did not borrow hundreds of billions of dollars and give it to the poor, the rich would be billlions of dollars poorer....think about that one for a second.

Recently, a greater and greater percentage of our economy is a direct result of borrowing money and spending it.  It has now become such a large percentage, much of our current economy is basically one big ponzi scheme.  If the money was not borrowed, there would not be much of an economy and our net worths would be much lower.

This is something Alstry has known for some time and knew once the private sector could no longer borrow, the private economy would contract rapidly......and rapidly it a few years new home construction is down 80% and new auto sales are down 50% to name a couple.

Pretty soon, at the current rate of contraction, the private economy in America will be practically non existent.....and most of America will depend on government handouts to survive.  For about a year and a half Alstry has been warning CAPs players this day was will soon be here......unless a war, pandemic, or other event arises to change the course of current policy.

Will it be by 9.09??????????????????????????????????????????????????????????

18 Comments – Post Your Own

#1) On July 09, 2009 at 8:19 PM, SolarisKing (< 20) wrote:

9.09.. . . . . 

I think you are right about most of your general math, but i think you were very brave to set a date so close. I wonder if you have a specific reason for the date? Is it a date for release of some statitstic? or did you get it from a ouiji board?

Hey, alstry, wanna blog here?

They do have a rule though about only using one exclamation point or question mark at a time. ;-) Oh, and you would have to pick for AllStarPortfolio.
   I can't help but wonder what alstry's one pick would be (if you weren't too busy); would it be. . . . a commodity with exposure to BRIC?

I'm just foolin' with you. I know you are too busy to play house with me.

solaris, +1 rec


Report this comment
#2) On July 09, 2009 at 10:06 PM, alstry (< 20) wrote:


Alstry loves to play all the time.


Would my pick need to be long?  Could it be an inverse etf?  Or does it need to be a long single company?

Report this comment
#3) On July 09, 2009 at 11:40 PM, ralphmachio (< 20) wrote:

Who Would do something according to numerologically significant dates?  Well?  

Report this comment
#4) On July 10, 2009 at 2:13 AM, SolarisKing (< 20) wrote:

The pick must be long. ETFs are acceptable, but no ultras or shorts (yes i know FAZ is there, we have agreed no more). Limits are acceptable, and we can let you blog if you give us a reasonable limit on a good pick, even if it takes a while to trigger.

Our motto is "Safe, Easy, Money". It's ok if it takes a while for the stock to make profit, if it really is a great stock. One fool picked a global water ETF and i love it. Well worth 1k of risk on a twenty year plan. Another fool played FAX, which is i think is everybodies money but USA's.
   You are free to open and close or change your pick as often as you like, but we ask for at least a 6 month time frame. We are hoping for 'low' maintenance.

Here is a basic copy of the rules, takes about one minute to read them:

Take your time, if you care. I would rather have your best pick at the right time.


Report this comment
#5) On July 10, 2009 at 8:09 AM, Rebkong1 (< 20) wrote:

flip 9.9.9. upside down


i think alstry is making a bold call too so soon...but if very well could happen...


war? pandemic? how about a fed audit??  the amount of FRAUD , GREED, & manipulation that would come out of making this institution transparent..would have pandemic /war like results...if not worse

told you obama is tieing the knoose around bernake its just a matter of time before the table is kicked out from underneath him ...this could just be the diversion he is looking for..if he can wrap it up so that he has limited exposure 

Report this comment
#6) On July 10, 2009 at 8:28 AM, dickseacup (< 20) wrote:

told you obama is tieing the knoose around bernake its just a matter of time before the table is kicked out from underneath him ...this could just be the diversion he is looking for..if he can wrap it up so that he has limited exposure

How is Obama tying a noose around Bernanke?

Report this comment
#7) On July 10, 2009 at 8:48 AM, Rebkong1 (< 20) wrote:

well he circled the loop with this B of A info and allowing all that to get out ..if you dont think he had prior knowledge of that before it went public...well let's just say i would disagree with you...he has also distanced himself from bernake since then and since bernake has called obama out (indirectly by sayign this administration) for getting their acts together and spending too much money...



Report this comment
#8) On July 10, 2009 at 8:49 AM, Rebkong1 (< 20) wrote:

he will either tie the knoose around the fed and bernake or adjust and replace bernake

Report this comment
#9) On July 10, 2009 at 8:52 AM, Rebkong1 (< 20) wrote:

a fed audit would be FAR worse on our financial markets than a war

Report this comment
#10) On July 10, 2009 at 9:10 AM, biotechmgr (< 20) wrote:

9.9.9 is too soon, but makes for great publicity. I still expect a completion of the current correction, then a C wave up to a peak in optimism again. Then the entire house of cards comes down. Timing? Need to see the wave structure unfold, but possibly Nov/Dec to begin the downturn. 2010 will show the pain.

Report this comment
#11) On July 10, 2009 at 9:25 AM, Rebkong1 (< 20) wrote:

i am more on your timing too biotech

Report this comment
#12) On July 10, 2009 at 9:36 AM, SolarisKing (< 20) wrote:

humans are small, empires are big. I would not be surprised if it took 20 years. I would be surprised if it took less than an elections cycle, or two. 2010 maybe, or 2012?

Report this comment
#13) On July 10, 2009 at 12:13 PM, Rebkong1 (< 20) wrote:

new news today lawmakers press obama for fed audit....ha ha 


im telling you people..prepare for that..and im not alstry! 

Report this comment
#14) On July 10, 2009 at 12:24 PM, Rebkong1 (< 20) wrote:

you want a pick gld ..b/c if the fed gets audit and it get revealed how many actual dollars are in this market..not to mention how they have purposely kept the price of Gold down...GLD will fly

Report this comment
#15) On July 10, 2009 at 2:08 PM, SolarisKing (< 20) wrote:

Rebkong, thnks for the tip

Report this comment
#16) On July 10, 2009 at 2:13 PM, Rebkong1 (< 20) wrote:

no worries

Report this comment
#17) On July 10, 2009 at 2:19 PM, catoismymotor (< 20) wrote:

I like it in the Matrix. I can have all the steak flavored illusions I want, so says Agent Smith.

Report this comment
#18) On July 10, 2009 at 10:29 PM, jscope1234 (< 20) wrote:

i have been amazed for years at conservatives complaining about entitlements and  taxpayer money going to the poor (which is the liberal's answer to everything) and their hypocrisy in saying  free market capitalism is the best way to determine winners and losers. For decades the taxpayer has been used to help finance the great accomplishments of science, business and industry, like a giant venture capital fund, without being paid the monetary return on profit that private sector investors demand, other than the liberal-like rationale that the taxpayer gets various indirect benefits in the long run, a kind of trickle down socialism. Using the taxing power of government, government and business have made an end run to the left, around the essence of free enterprise and capitalism. Think for example - the massive profits from the spin-off from the space program, the government contracts awarded to the private sector, the worldwide sale of weapons developed in the U.S. with taxpayer money, the Genome project and the 30 billion dollars/year for the NIH.  the write-offs against taxes and profits from taxpayer generated products, new businesses and industries, the Internet - Al Gore didn't invent it, the taxpayer financed the military and universities who created it - the airwaves owned by the public and auctioned off to generate the huge revenues that support  football, baseball and basketball, tennis  and the multi-million dollar salaries of the players. With the unprecedented bailout of business in the '80s and today, the taxpayer has become the critical capitalist for business and government.  This is a true welfare system which has evolved side by side with  Franklin Roosevelt's New Deal welfare system, The most important person of the 20th Century was not Roosevelt's Forgotten Man but the Forgotten Investor - the American taxpayer. When will conservatives stop looking the other way and acknowledge  the elephant in the room which they are primarily responsible for getting Congress to create? The answer for a real capitalist in the Adam Smith tradition is to call for payment into a taxpayer investment fund of a piece of the future profits from taxpayer funded enterprises and spin-off businesses, controlled not by government, but by an independent commission. Proceeds from the fund should be used to transform Social Security into a golden parachute for the middle class and to help fund health care .If this had been started 40 years ago, we would not have the crises in financing health care and Social Security today. The rub is that neither Republicans nor Democrats want to end the golden eggs laid by the taxpayer goose, or treat taxpayers like true investors instead of an interest free, dividend free source of capital taken by the  police power of government.  

Report this comment

Featured Broker Partners