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alstry (36.06)

Are You Ready To Leave The Matrix by 9.09

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August 19, 2009 – Comments (14)

You will soon learn, through the magic of credit default swaps, our economy morphed into the Mother Of All Ponzies............MOAP anyone?

We created an economy where the creation of credit drove over 100% of economic growth and most of private spending was simply directly related to or a by product of excessive lending.  In turn, that spending  drove massive Ponzi tax dollars to government through higher income, sales and property taxes.

OVER 90% OF OUR ECONOMY WAS SUPPORTED DIRECTLY OR INDIRECTLY BY ORGY LIKE CREDIT SPENDING OR GOVERNMENT SPENDING.

ONCE BANKERS RAISED INTEREST RATES AND TIGHENED CREDIT....THE PONZI SCHEME STARTED TO UNWIND....AND MY IS IT UNWINDING WHILE MOST OF THE NATION IS SUCKING AT THE NIPPLE OF GREEN SHOOTS.

PLEASE LET THERE BE GREEN SHOOTS THEY HOPE.....AS WITHOUT GREEN SHOOTS THERE IS NOTHING.

NO NEW HOME SALES....NO COMMERCIAL REAL ESTATE SALES.......NO HEALTH CARE......NO FINANCIAL SERVICES....... NO INSURANCE......LOTS OF DEFAULTING DEBT......NO PENSIONS...... NO TAX RECEIPTS........NO SOCIAL SECURITY.......NO JOBS.........NOT MUCH OF ANYTHING RELATED TO THE PONZI ECONOMY.

It is not a question  of whether this will happen......we are beyond that now......it is simply a question of when and how will we as a nation deal with it once it unfolds......and make no mistake......it will unfold as we are already at the point where government can only afford to accomplish a fraction of what it  promises.

You think people are pissed at health care reform.....wait until they can't get money too feed their children?

Folks, if you want to know what Buffett and the Bankers are afraid of.......it is you........for every parasite needs a host, and once you find out......things will get very volitile and a very unfriendly environment for them.

Now the question how will this Ponzi Scheme unfold......Madoff didn't have access to the U.S Govenment.....these guys own your Congressional Leaders and President.  The entire banking system has become an in your face fraud as the finaical statements are accounting shams......and no one seems to care........no cops, no enforcer......a few years ago, these guys would have been sent to jail.....but when you have a scam that makes all prior scams seem immaterial.....combined..............these guys own the jail, the jailer and the land the jail is built on.

Denninger gets it.....former chief S&L prosecutor William Black gets it.  Once a nation built on the rule of law blatently throws the law out the window......you know the days of that nation are numbered.  Now the question is what is next as this MOAP plays out........you think these guys are going to let the sheeple catch them?

Barney Frank is a furter.  Chris Dodd is a dudd.  Republicans are no better.  The only one with any backbone is Ron Paul and he has been marginalized as a whacko.

It has been quite a ride my friends.......let's see if the breaks are working as this ride tries to come to an end.  Please assume the crash position as MOAP approaches 9.09.

14 Comments – Post Your Own

#1) On August 19, 2009 at 11:30 PM, RonChapmanJr (58.33) wrote:

Civil unrest within a year.  9/09 might be a little early, but we'll see.

 

Hope for the best and prepare for the worst.

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#2) On August 19, 2009 at 11:50 PM, alstry (36.06) wrote:

Ron,

How long do you think the citizens will permit the bankers to enforce credit obligations against the borrowers, throw them out of their jobs and homes, yet government allow the banks to fraudulently circumvent obligations, impose more burdensome terms on borrowers while getting taxpayer bailouts, and award billions in bonuses to its employees?

We are now at the point where people are visibly bringing firearms to Presidential rallys.....homeless are being housed in tents.......prisoners released by the thousands with no prospect for employment......police officers alienated and terminated......cities shutting down and furloughing employees.......governmnent officials ordering multi million dollar jets and offering themselves gold card health insurance while the constituents are thrown to the butchers.......the zombultor has spread just about everywhere.....

It could be longer than 9.09....but at the current rate of decay....it could be sooner.

 

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#3) On August 20, 2009 at 12:08 AM, ResearchLover (20.20) wrote:

10.26 looks more likely...

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#4) On August 20, 2009 at 12:14 AM, bullnada (< 20) wrote:

Al,

 Thank you so much for speaking the truth. I have always said the government robs people just enough for them not to revolt. The tipping point is here. It is funny how bankers,govt. think they can rule the world. I think of this whole mess like the movie the devils advocate. People should not fear. The time has come when the world is going to cleanse itself. If we have pandemic, revolution etc. I welcome it. This country has become lost and soft. Help your neighbor who is not prepared.

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#5) On August 20, 2009 at 12:43 AM, alstry (36.06) wrote:

bull,

It is sorta strange....the whole game has pretty much been a game of lending, packaging, selling, and swaping.....DEBT.

Our economy was simply a by product of debt....construction, retail, housing, finance, insurance, profit, taxes, jobs.....which drove government larger and larger pushing health care, defense, homeland security, schools, hospitals etc.....

Now that most are infected too much debt and those that are not have little purpose to invest.....with the bankers cutting off credit,  the nature of our Ponzi economy is slowly becoming obvious as it continues to slow despite the lies and misrepresentations to the contrary.

My guess is that this is one big social experiement for potentially revolutionary change.....and how it plays out at this point is anyone's guess.....but the further the rubber band stretches from the truth, the greater the likelihood it snaps back hard.... on us all.

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#6) On August 20, 2009 at 12:52 AM, alstry (36.06) wrote:

IT IS JUST A MATTER OF TIME BEFORE TOTAL ZOMBULATION

Philadelphia's court system will face a "virtual shutdown" if the cash-strapped city does not get state approval for a sales tax increase and changes to how it makes its pension payments.

That's according to Mayor Michael Nutter and court officials at a news conference Wednesday.

Philadelphia is facing a $1.4 billion five-year budget deficit.

The city has asked the state to approve a temporary sales tax increase in Philadelphia and allow changes to how the city makes its pension payments.

Without those changes, Nutter says nearly 1,000 police officers and 200 firefighters would be cut.

District Attorney Lynne Abraham says her office and others would face devastating cuts, too.

http://cbs3.com/topstories/philadelphia.budget.mayor.2.1135651.html

Who needs judges, cops and prosecutors when Congress can buy $100 million dollar jets?

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#7) On August 20, 2009 at 1:40 AM, bullnada (< 20) wrote:

 My grandfather who lived through the 30s said buy something when you have the cash. If not you are whitties puppet. He also mentioned dont try and keep up with the jones. Debt will make you a slave. simple isnt it.

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#8) On August 20, 2009 at 2:08 AM, bullnada (< 20) wrote:

The other thing is the word consume-er. That sucks. Look at your waste on trash day.  Do you have alot?  If you do you are a great consume-er. This is not what life is about. Think about it people. Not to many people understand the word waste.

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#9) On August 20, 2009 at 6:40 AM, JerseyShoreGirl (< 20) wrote:

2 MORE SUBSTANTIAL HEADLINES:

Texas bank hit by California dreamingAlthough the failure of Austin-based Guaranty Bank looms, its problems reflect the housing bubble in the Golden State rather than issues at home.

Full story here: http://money.cnn.com/2009/08/19/news/companies/texas.banks.fortune/

ALSO THIS ....

PHILADELPHIA (AP)  

Philadelphia's court system will face a "virtual shutdown" if the cash-strapped city does not get state approval for a sales tax increase and changes to how it makes its pension payments.

That's according to Mayor Michael Nutter and court officials at a news conference Wednesday.

Philadelphia is facing a $1.4 billion five-year budget deficit.

The city has asked the state to approve a temporary sales tax increase in Philadelphia and allow changes to how the city makes its pension payments.

Without those changes, Nutter says nearly 1,000 police officers and 200 firefighters would be cut.

District Attorney Lynne Abraham says her office and others would face devastating cuts, too.

In Harrisburg, a state legislative leader says he hopes to have a bill ready for a vote next week.

TEMPORARY SALES TAX INCREASE .. TEMPORARY UNTIL WHAT HAPPENS?  THIS IS JUST THE GOVT USING BAND-AIDS TO PLUG HOLES IN THE DAM

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#10) On August 20, 2009 at 8:28 AM, JerseyShoreGirl (< 20) wrote:

Ayn Rand saw our current situation coming ...

"We are moving toward disaster until and unless the welfare state is reversed and rejected; it is precisely this trend that will move the world toward disaster; we are moving toward complete collectivism or socialism; a system under which everyone is enslaved to everyone." 

http://eclipptv.com/viewVideo.php?video_id=6901

 

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#11) On August 20, 2009 at 9:59 AM, alstry (36.06) wrote:

The Sears chain was hurt by categories hit by the declining housing market and by lower apparel sales.

Interim Chief Executive and President Bruce Johnson has cut selling and administrative expenses by about $1 billion over the past four quarters as demand faltered.

As we continue to cut off capital to the private economy, mathematically things will continue to contract.  Cutting selling and administrative expenses by $1 Billion dollars is a lot of people and taxpayers.

As the Zombulator keeps sucking money away from goods and services and towards interest, pretty soon there will be no money left for anything but interest.

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#12) On August 20, 2009 at 10:04 AM, alstry (36.06) wrote:

THE CUTS WILL CONTINUE TO GROW AND GROW

That happened recently when The State Worker asked officials at Gov. Arnold Schwarzenegger's office for specifics on plans announced in May and July to eliminate a total of 7,000 jobs from the state's shrinking general fund.

The administration sent over a spreadsheet detailing the reductions by agency and department. There was a column for chopping 5,000 jobs, another for 7,000 jobs – and here's the unexpected part – more columns projecting 10,000 and 12,000 job eliminations.

It won't be long now before the 20,000 job column is created.

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#13) On August 20, 2009 at 10:40 AM, wvillegas007 (< 20) wrote:

MUST READ.

FDIC is Broke

http://seekingalpha.com/article/156899-the-fdic-is-broke-now-what-part-i

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#14) On August 20, 2009 at 10:47 PM, topsecret09 (38.51) wrote:

   The federal government Is broke !!......      http://www.usdebtclock.org/

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