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alstry (36.56)

Inflation OUT OF CONTROL

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April 07, 2009 – Comments (6)

Survey: 40% of U.S. companies plan to freeze worker pay in 2009

The other 60% going to cut wages?????????

Health Insurance rising.

Property Taxes INCREASING as home values decrease.

Sales Taxes increasing.

State Income Tax rates increasing.

Hmmmmmmmmmmm.

Wages Falling or Stagnant.  Revenues evaporating.  Taxes and Insurance skyrocketing.  Debt consuming a larger and larger percentage of a family's income....same with business, hospitals, schools, and municipalities.

Unfortunately there is not enough money in America to pay off the debt.

Soon....if revenues drop much  further.....there will not be enough money to pay taxes, interest, and insurance payments......an NO MONEY FOR ANYTHING ELSE.

You have been warned......PREPARE....Don't FEAR.

As Gerry Celente says.....when people lose everything.....they lose it!!!!! Although I have not been keeping up with the news with the same intensity....my understanding is that most of the tragedies that occured over the weekend involved UNEMPLOYED people.

Soon,  DEFLATION may not be the only thing OUT OF CONTROL.  If we reach the point where many will not be able to afford to pay property taxes, insurance and utilties on a home........houses will have NO VALUE.

You think I am kidding.....take a drive through many parts of Michigan, Ohio, Indiana and a number of other areas......

Yes my friends....falling wages.....rising costs.....and suffocating debt......collapsing asset values.....the FU virus is spreading rapidly.

 

 

6 Comments – Post Your Own

#1) On April 07, 2009 at 10:31 AM, alstry (36.56) wrote:

Right now Alstry is on vacation with his family at a World Class resort.  The more I get out, the worse it looks.

What America is facing right now is an Economic Storm larger than anything it has seen before.

Alstry hopes only for the best but lives in reality.  Alstry is the doctor of Alstrynomics.  He diagnosis his patients as he sees them.....no BS.

We are dealing with toxic borrower syndrome and the FU virus....in ecnomic terms there is nothing worse.....and it is spreading very fast  in  epidemic proportions.

You may not feel it today....but very soon you will....be patient......most of my patients eventually see the light.

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#2) On April 07, 2009 at 10:31 AM, pj19 (< 20) wrote:

LOL you're right it is not a big deal. 

Alstry has said on numerous occasions that he hopes he is wrong about his negative predictions...but guess what?  He has been right more often than not.  Tell all of the families of those killed in the shootings in the past few weeks that its not a big deal.  In many of those situations the shooter was recently unemployed or somehow affected by the recession.  Social unrest is becoming a very real possibility.  Alstry is just doing what he has been doing, predicting what will happend based on current events.   I think your name calling just shows you can't back up your disagreement with him with facts.  

BTW what the hell does your grandfather being russian have to do with anything?

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#3) On April 07, 2009 at 10:49 AM, russiangambit (29.50) wrote:

> BTW what the hell does your grandfather being russian have to do with anything?

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LOL. I'll answer for him. Being russian means being immune to BS, or "propaganda" , if you like a more polite world. You know why? Because being a sheep gets you slaughtered in Russia.

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#4) On April 07, 2009 at 11:31 AM, Bays (30.06) wrote:

I live in Michigan right now.  I basically drive through the whole state on my home to Canada and let me tell you something, it isn't pretty.  Detroint and Flint are by far the worst, but it doesn't look much better in between. 

And to support your point.... Wherever unemployment seems to be the highest, that's where the crime rate is the highest as well.

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#5) On April 07, 2009 at 2:20 PM, rofgile (99.43) wrote:

I was in Miami last week (which is supposed to be one of the busting real estate markets).  The community was vibrant, I saw lots of tourists running around and spending money.

Here in Alabama things look mostly ok still too.

Anyways, things may not be as bad as it has been portrayed in the last 6 months. 

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#6) On April 07, 2009 at 6:10 PM, StatsGeek (29.46) wrote:

Alstry,

I am in the inflation camp AND deflation camp at the same time.  The kind of inflation we saw in the 70's was a reasonably even rise in the prices of everything, including wages.

This time around, things are going to be really, really ugly because wages and assets are going to go down while the prices of natural resources, food, energy, etc., go up.  Basically, any resources we compete for in the global marketplace are going to go up in price.

That's my base case.  Even worse would be a complete collapse of the dollar in the next few years.  I'm not convinced that will happen but it is definitely possible.

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