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alstry (35.76)

Everybody Talking Like Alstry

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September 24, 2008 – Comments (12)

Cramer is now talking about 20-30% umeployment.

Paulson is threatening finanicial armegeddon.

Benny telling us about massive financial failures.

WHY ARE THEY TELLING US THESE THINGS NOW??????  A special press conference.  Suspend campaigning and cancelling debates when we should be hearing from our leaders.  Where were they when they should have been warning us about what was coming?

I have been warning you for over six months that we were coming here.  All those cheerleaders didn't want to face up to facts and hoped and prayed that our "leaders" would protect us.  Not only did they not help us....they lied to us. 

What are we being set up for?????

We are at the most dangerous crossroads in American history.  Please pay attention to what you are being asked to do and what you are being asked to give up.

The next few weeks are "pivitol" in the words of our President....just make sure you know what is pivoting.

If this passes...great....but last Wednesday we were at the brink of everything shutting down.  Let's see where this is going........................

12 Comments – Post Your Own

#1) On September 24, 2008 at 7:07 PM, abitare (99.44) wrote:

What are we being set up for?????

That is the trillion dollar question. They already nationized housing, insurance, etc....

They just want more control and power. I expect the US dollar will fall from reserve currency status.  

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#2) On September 24, 2008 at 7:14 PM, abitare (99.44) wrote:

They want $700 BILLION DOLLARS! That takes a panic to steal that much.

 

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#3) On September 24, 2008 at 7:30 PM, QualityPicks (32.92) wrote:

Now that the market calmed a bit, watch how Congress/Senate drag their feet on the bailout and defend the taxpayer as they voice against the bailout. But if in the next few days the market tanks again 500 points, watch how Paulson and Bernanke get away with whatever they want in a single day :)

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#4) On September 24, 2008 at 8:17 PM, alstry (35.76) wrote:

As Bush blows tonight....ask yourself why was the crisis allowed to happen.

Don't fool yourself.....the administration saw the train wreck well in advance as debt defaulted at accellerating rates all summer long and the outlook was getting worse and worse.

By the way...now you know why I posted so much over and over again on the same issue....if Alstry knew...the administration knew....if the administration knew......why was this crisis allowed to get so severe?

Is this a train wreck or a train robbery????

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#5) On September 24, 2008 at 8:38 PM, jack21222 (99.02) wrote:

Is the sky really falling, or do certain people in power just want you to think that? I don't know about you guys, but I still think the stock market is at least as good of an investment as canned foods and ammo.

I'm not bullish by any stretch of the imagination, but I do think some people are panicking when they need not. Heck, the S&P very well might drop another 20-30%, but I don't think you're going to see 20-30% unemployment, or any sort of "armageddon." 

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#6) On September 24, 2008 at 8:38 PM, motleyanimal (97.75) wrote:

I love choo choo trains.

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#7) On September 24, 2008 at 8:45 PM, pjani06 (30.05) wrote:

Thanks Alstry for this post!

God damn it upsets me of how this is going down and how we're being duped with this. 

Even as mainstream media is starting to pay attention, the language is being swayed and biased! Look at this that i read from last night;  here: The bailout runs into a populist backlash - Los Angeles Times

provide some discussion / agree/disagree with my points if you care to, itd be much appreciated. 

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#8) On September 24, 2008 at 8:51 PM, Zanibel17 (98.36) wrote:

I vote train robbery.

I have asked over and over again how Wall Street and DC could be so blindsided be the recent events when the average investor on CAPS has been forecasting this stuff for at least two years.

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#9) On September 24, 2008 at 9:04 PM, abitare (99.44) wrote:

It is a robbery: FYI -

ANNOUNCEMENT FOR THURSDAY’S PROTEST

When: 4pm Thursday, September 25!
Where: Southern end of Bowling Green Park, in the plaza area
What to bring: Banners, noisemakers, signs, leaflets, etc.
Why: To say we won’t pay for the Wall Street bailout

Everyone,

This week the White House is going to try to push through the biggest
robbery in world history with nary a stitch of debate to bail out the Wall
Street bastards who created this economic apocalypse in the first place.

This is the financial equivalent of September 11. They think, just like
with the Patriot Act, they can use the shock to force through the
“therapy,” and we’ll just roll over!

Think about it: They said providing healthcare for 9 million children,
perhaps costing $6 billion a year, was too expensive, but there’s
evidently no sum of money large enough that will sate the Wall Street
pigs. If this passes, forget about any money for environmental protection,
to counter global warming, for education, for national healthcare, to
rebuild our decaying infrastructure, for alternative energy.

This is a historic moment. We need to act now while we can influence the
debate. Let’s demonstrate this Thursday at 4pm in Wall Street (see below).
We know the congressional Democrats will peep meekly before caving in like
they have on everything else, from FISA to the Iraq War.

With Bear Stearns, Fannie and Freddie, AIG, the money markets and now this
omnibus bailout, well in excess of $1 trillion will be distributed from
the poor, workers and middle class to the scum floating on top.

This whole mess gives lie to the free market. The Feds are propping up
stock prices, directing buyouts, subsidizing crooks and swindlers who
already made a killing off the mortgage bubble.

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#10) On September 24, 2008 at 9:58 PM, alstry (35.76) wrote:

You may soon find out that Democracy is dead in America.

Most Americans OPPOSE this plan...if congress approves it.....no longer are we a government of the people.

If America votes to take its chances by shooting the bill down...than damn it...that is our constitutional right...further who the hell says approving it will make things better...those in power that have lied to us every step of the way????

FWIW...this plan will make it worse for most Americans!!!!

We are insolvent...not illiquid...this is what I have been trying to explain for months......you can't solve insolvency by borrowing even more money.....YOU MUST RESTRUCTURE as we have done in America since 1776.....the sooner the better.....or the problems will only get worse.

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#11) On September 24, 2008 at 10:50 PM, EnigmaDude (96.57) wrote:

OK OK - i believe you!

But how would we "restructure"? This is the first time I have seen you actually suggest a solution!

What would your plan look like?  Please, I implore you.  Enlighten us, oh alstry-us one.

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#12) On September 25, 2008 at 12:18 AM, alstry (35.76) wrote:

It is so simple it is almost embarrassing.

Just take one bank for an example.  If it is insolvent, the government take it over and keep operations running, protect the depositors, and liquidate the assets efficiently.

This is exactly what happened with the S and L crisis and the twelve banks that failed so far.  It really is not novel or difficult to enact.

We need to restructure because right now there is no transparency or trust in current asset base.  As a result, interbank lending is freezing up.

But with a restructured bank with clean assets, liquidity will not be an issue and the business can operate efficiently.

Prett simple....that is what we have been doing for over 200 years.

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