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alstry (36.22)

Is It Time to Shut America Down???

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May 25, 2009 – Comments (9)

If you think about it, we have been slowly shutting America down for the past 10 years....taking industries from America and moving them overseas in the name of efficiency.  Business after business has been incentivized by tax benefits to move millions of jobs overseas.

NIMBY....as long as it didn't happen to you......few heard the silent screams or said anything about  those towns burdened by unemployment, poverty, and lost hope riddled across the Rust Belt.

To compensate for lost jobs and lost income.....Wall Street and the Fed infected America with welfare and debt that flooded the economy with such vast funds that few could see the crumbling of the economic foundation below.....

until Wall Street and the Fed said FU to America....we are tired of providing welfare and loaning you money and now you can't give us much in return....Bankers and the Fed raised interest rates seventeen times, then cut off of lending to citizens and businesses, and to add insult to injury, the blamed us for their reckless lending practices and have started to steal all of our nations dwindling wealth through our government's Zombie Bank Policy.

If you think about it...America and Americans really have little to offer its bankers anymore....they can't loan us money because few of us either have the capacity to pay back what we have borrowed or those that have capacity have little desire or need to borrow.

Remember...bankers make money by lending.

As a result...the banks must quickly transfer all of our nations wealth onto their balance sheets or there will little left to transfer in the near future.  As a result, we are currently observing the LARGEST and QUICKEST transfer of wealth in Human History from its citizens to its bankers.

Banks collectively simply can't make profits loaning money to America or Americans anymore.....SO WHY NOT JUST SHUT AMERICA DOWN AND MOVE BUSINESS TO ASIA WHERE THEY CAN MAKE PROFITABLE LOANS and implement technological innovations on an eager and unleveraged society.....sorta like America around The Great Depression.

Heck, we have slowly been shutting down America for the past decade anyway concealing it with welfare and debt.....why not shut down the rest.  Most of America is bankrupt......let's just get us out of our misery instead of dragging out this slow painful destruction of our economy????

Isn't shutting down our economy the current policy of our government, bankers, and multi national business leaders?????

Maybe it is now time......are you prepared....will we all live in Youngstown Ohio soon????............but what happens when the welfare and loans are cut off for good????

Now you know why Alstry wants you to think.................................

Remember the Fallen....we may be next.

9 Comments – Post Your Own

#1) On May 25, 2009 at 12:46 PM, OneLegged (< 20) wrote:

The banks may or may not be able to make a profit by lending us money, but they are certainly making a profit from us by "borrowing" our money. 


 

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#2) On May 25, 2009 at 1:03 PM, alstry (36.22) wrote:

Yup....but if they have money and we don't......then what???

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#3) On May 25, 2009 at 1:10 PM, OneLegged (< 20) wrote:

A crippled economy is what.  We already have that.

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#4) On May 25, 2009 at 1:32 PM, alstry (36.22) wrote:

History dictates it is dangerous to be right when governments and bankers are wrong....

Over the past ten years our governments have racked up trillions in debt handing out welfare and watched idly by as the banks infected its citizens and businesses and municipalities with many more trillons of debt....

During the process many flourished financially and failed to realize when the music stopped, there would simply not be enough money and assets to pay back the debt.

Now collectively both the citizens, the banks and the governments is broke.....if politicans must choose between keeping themselves funded or your money....they will take your money everytime....

In the next 12 months....as the distress escalates....we should not be surprised if government starts confiscating our IRAs, 401Ks, Brokerage and Savings Accounts... as they keep deceiving you with false bottoms and green shoots that never sprout.

Sorta like the rapist continually telling the victicm how much the rapist loves the victim as the rapist assaults the victim over and over again.

As stated at the beginning of this comment....it is dangerous to be right when government and bankers are wrong!!!!!!!!!!!!!!!!!

Soon you Fools will learn who congress works for....the bankers or citizens???????  for you Fools that don't like Alstry....you are about to realize you were fooled....BIG TIME!!!!!!!!!!!!!!!!!!! and not by Alstry;)

Why do you think Alstry pities many of you Fools......because you are simply fools.

What an irony...Alstry came to CAPs to warn the Fools that they are are about to be fooled.................................and in return for his generosity.......all he got in was resentment and hate from many.......

My how history repeats itself.

 

 

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#5) On May 25, 2009 at 1:53 PM, Varchild2008 (84.19) wrote:

The problem with the banks is why I stand by Equities regardless of the future mess we are in.

Because even if Alstry's most DIRE predictions come to fruition... 50% unemployment + annihilation of wealth, savings, and thus consumer spending ceases...etc..etc...etc.

Even with those IFs.... There are still equities worth putting your money in. 

I'd rather have a Beverage holding my cash than Citigroup for example.  I'd rather have a Defense Stock holding my cash than AIG.

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#6) On May 25, 2009 at 1:55 PM, AdirondackFund (< 20) wrote:

Good points Alstry.  Arch Crawford predicted an earthquake for this weekend, instead he got an earthquake/nuclear test.  He actually 'called' it, he just didn't have any idea how it would happen.  Now we know. 

The same can be applied to our Banks.  Instead of lending the TARP Funds to our economy, the banks decided to go trading with the money.  That's why we are having a rally.  The harder part will be the 'sell side'.  When the Banks decide to sell, there will be no money there to bid for their overpriced and inflated assets....again.  

CIBC is now moving into trading in a Big Way in Canada.  Why?  Is the loan business out of the question now?   

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#7) On May 25, 2009 at 2:00 PM, OneLegged (< 20) wrote:

And our "leaders" in Congress are among the top 5% of U.S. wage earners (not to mention their lavish benefits package).

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#8) On May 26, 2009 at 12:20 AM, gman444 (28.99) wrote:

Great post, Alstry---agreed, this is part of the big picture. 

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#9) On May 26, 2009 at 1:01 PM, JonBarleycorn (73.28) wrote:

  And Yet the Markets Continue To Rise

 

alstry, I share much of your pessimism (Is It Time to Shut America Down???). I think the world (and in particular the US) is going to hell in a handbasket, but, the handbasket is threadbare and with a tattered handle.

 

And yet the markets continue to rise.

 

The question, though, is how to profit from the crash, for crash there will be. Thus, I am identifying bearish EFTs as the surest vehicle to profit from as the market heads south. I am trying to find zero and one star companies with adverse debt, companies whose stocks will collapse even in the best of times. I am trying to identify companies which will be hurt because they depend on consumer discretionary spending, companies like high end theme and amusement parks, cruise lines, airlines, hotels and casinos in Las Vegas and suchlike.

 

And yet the markets continue to rise.

 

But, I for one am getting nervous about my bearish posture. How can we in the CAPS community have such a clear picture of the coming collapse? Why can’t the others see the gathering storm? Could we be wrong?

 

As yet the markets continue to rise.

 

JB

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