Concentric Contraction.....Are you Ready...
I have been warning you for over a year.....PREPARE!!!!
Over and over and over......even sometimes Alstry thinks its a bit ridiculous....but without a doubt...we are entering some of the most revolutionary times in memory.
At the time Alstry started warning.....you were being told everything was fine. But some of us knew better....and refused to drink the Kool Aid.
Now it is happening....the nation is shutting down. Our home builders. Our auto companies. Our Newspapers. Our Libraries. When Alstry says 70-90% of companies are going bankrupt...there are Fools out there that think I am referring to PUBLIC companies......I pity those Fools....Alstry says 70-90% of all corporations, LLCs, partnerships, and sole proprietorships are likely to be insolvent or near insolvency in the next 12 months. My number could be reached even if NOT a single public corporation went down....but we already know that a bunch are on the brink.
Over the next few weeks you are going to start hearing about the financial distress of our state and local governments. Trust me on this one....few have been as right as Alstry has been. Most are simply running out of money....plain and simple....and we are all going be forced to participate.....the only question is how???????? Job losses...higher taxes...you pick.
As a citizen of a city or state, think of yourself as a resident of a Condo living in an association. Even if you are an idiot that inherited a pile of money and live in Penthouse.....just because you are fine....if the rest in your building can't pay their dues....the association is coming after you for the difference or else services in the building will shut down.....like the elevator to your condo....and that would not be a good thing. Just like the association going broke....if your city or state doesn't have money and you do......guess who they are coming after......and that is not a personal attack....just the facts....jack.
The question now is what choices will you have???? If you want some insight....you may want to talk to some GM bondholders.
You have been warned...now the only question is whether one can prepare????????????????
And for those Fools that like to live in 2006....those years are gone...Welcome to Alstrynomic's Concentric Contraction 2009....the party is just beginning my friends....and I am quite confident none of you have ever been to a party like this before...even Alstry.