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alstry (36.01)

It is only a matter of time......KABOOOOOOM!!!!!!

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March 22, 2009 – Comments (10)

GOP Predicts Doomsday if Obama Budget Passed

WASHINGTON (AP) -- Congressional Republicans on Sunday predicted a doomsday scenario of crushing debt and eventual federal bankruptcy if President Barack Obama's massive spending blueprint wins passage.

"The practical implications of this is bankruptcy for the United States," said Sen. Judd Gregg, R-N.H. "There's no other way around it. If we maintain the proposals which are in this budget over the 10-year period that this budget covers, this country will go bankrupt. People will not buy our debt; our dollar will become devalued."

Shelby predicted that number could reach $20 trillion in coming years as Obama guides the country to "the fast road to financial destruction."

http://biz.yahoo.com/ap/090322/obama_economy.html?sec=topStories&pos=1&asset=TBD&ccode=TBD

10 Years???  How about 10 months...............

It is about time some GOP congresspeople started studying Alstrynomics....some of us have known what was coming for some time.  Now we are just being told......get ready for some radical changes.

In all fairness...Bush pressed on the accellerator about eight years ago......but Obama has put the pedal to the metal and it looks like there is no turning back now....

We will soon learn that all of America is broke.....as I said a few weeks ago......we are all Madoff's clients.  We are all citizens of the United States.....and if the United States is broke....we are all broke.  If you were a passenger on the Titanic....it didn't matter if you were first class or a cabin stewert.....you went down with the ship.......the question now is where are the life boats......

Some say gold.....but if you think that won't be confiscated.......you are a dreamer.

Some say commodities.......if the country is broke.......all assets belong to the country.

In the end....it really doesn't matter what you own....if your country is broke and it needs money to function.....it is your patriotic duty to give whatever you have over to the soverign in order for it to provide safety and welfare functions.

10 Comments – Post Your Own

#1) On March 22, 2009 at 10:02 PM, JGus (28.81) wrote:

Alstry,

First of all, I've been a student of Alstrynomics since August and I've learned A LOT from you, so thanks!

When I read this post, I couldn't help but think this is quite a change for you from just a few months ago! At the time you were talking about how strong the dollar was because of the strength of the US balance sheet. I remember you commenting something to the effect of - all of the land and natural resources that the US Govt owns makes the size of the national debt irrelevant. So, do you really think our country is broke? Is the dollar now doomed? I'm just trying to keep up with the latest in the application of Alstrynomics!

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#2) On March 22, 2009 at 10:04 PM, alstry (36.01) wrote:

It is already "DOOMSDAY" in the auto industry. 

U.S. auto sales fell nearly 40 percent in the first two months of the year to their lowest level in 27 years.

As a result, the NADA expects 1,200 dealerships will go under in 2009, up from 900 in 2008. Job losses at U.S. dealerships over the past 12 to 14 months exceeded 50,000.

http://news.yahoo.com/s/nm/20090322/bs_nm/us_autos_dealers

Over 50,000 jobs at just dealerships....this doesn't include suppliers or manufacturers or trucking companies etc.....

This year it will be WORSE!!!!!!!!!!!!!!!!!!

And its not just Autos...its Airlines, Banking, Hotels, Restaurants, Retail, Construction, Architecture, Law, Housing, Transporation, and much much more.......

The toxic assets are just a symptom of the problem....NOT THE PROBLEM ITSELF.......it is tough to cure cancer by giving a patient an aspirin for the pain.....

Geithner's plan only addresses the symptoms....toxic debt....the disease continues to spread.....

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#3) On March 22, 2009 at 10:23 PM, alstry (36.01) wrote:

JGus,

You make a very valid point....I have been a dollar bull.

Often I question my thesis....but without going into too much detail in this post, I remain a dollar bull and do not subscribe to the GOP position regarding the devaluation dollar...but do subscribe to its position about the insolvency of the United States.  I also believe its municipalities, many of its corporations, and much of its population will also be insolvent in the relatively near future.

In maintaining my strong dollar position, I will give you a clue.....think about what happens to a corporation in bankruptcy.......then think about what level of priority the dollar is regarding US obligations compared to the senior debt, subordinated debt, and equity of a corporation when it goes bankrupt.

Thanks for the astute observation and permitting to clarify what might have been ambiguous.....you have to remember....Alstry is just a regular guy that loves bloody marys occasionally.......he is not multiple times smarter than the average person due to an abnormally high IQ and he occasionally references explatives to wake people up.....he just  tries like the rest of us......but he likes to try just a little bit harder at the game he plays passionately.

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#4) On March 22, 2009 at 10:28 PM, belfairinvestor (29.30) wrote:

Al,

Is there any chance this is a well orchastrated scheme by the FED/Gov to bankrupt the economies of the rest of the world? USA can endure much more pain financially than most every other world superpower. Just like the Iraq war(middle east oil reserves), has our Gov actually positioned US to dominate each crucial world industry(finance, energy, etc.)?

This just popped in my head and I need to run it by a no BS guy. No, I have'nt been hitten' the bong.

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#5) On March 22, 2009 at 11:08 PM, alstry (36.01) wrote:

In Alstrynomics, just like Black Swan thinking, there is no question too far out.  Believe it or not, some of us calculate the probability and consequences of a thermo nuclear warhead exploding over our heads but dismiss the conclusion as trumping all analysis.

You get into a very interesting area that I don't think CAPs lends itself to really getting into it too deeply.

The easy answer to your question is....no.....at least not in the way you pose it.

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#6) On March 22, 2009 at 11:08 PM, InsuranceHunter (< 20) wrote:

"Hawaii mass layoffs reach new highs."  More than 1,200 employees were let go by Hawai'i companies last month is so-called mas layoffs, in which businesses dismiss at least 50 workers.  This article in todays edition of The Garden Island newspaper from Kauai.

I have been on vacation here with my family since last Monday.  The above newspaper has been hammering the Obama administration daily and I thought this was a liberal state!  Based on the #'s of families staying here at the Poipu Grand Hyatt it is hard to tell that a recession of any form is in existence!  $9.00 for a Corona!!!!

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#7) On March 22, 2009 at 11:29 PM, alstry (36.01) wrote:

Not just Alstry anymore....Alstrynomics is catching on as the FU virus goes parabolic......

So it's time to admit it: We're fools, protagonists in a kind of gruesome comedy about the marriage of greed and stupidity. And the worst part about it is that we're still in denial -- we still think this is some kind of unfortunate accident, not something that was created by the group of psychopaths on Wall Street whom we allowed to gang-rape the American Dream."

http://www.rollingstone.com/politics/story/26793903/the_big_takeover

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#8) On March 23, 2009 at 5:40 AM, KamranatUCLA (29.42) wrote:

alstry steals my ideas.

But anyways this is what is going to happen in the next 2 years: absolutly nothing radical

home prices may fall some more...but so what...they have been increasing for the last 15 years like 10-20%

car industry has to reinvent itself but will take more time than 2 years

USA will look more like Europe which is not a bad thing...people will finally have lives. People in this country work more than anywhere in the world...more than Iran, more than Japan, more than anywhere...people here work work work even high school kids.

I used to live in Germany and in 1990 or so I came here as an exchange student for 3 weeks. I went to a high school in Milwaukee, Oregon. I was shock that so many teengers go to school and work too. In Europe and middle east this is unheard of.

So we need to chill..alstry  take a chill pill bro...there is no dooms day.

When I was 7 years old the Islamic Revolution happened in Iran, 1 year after that the Iran-Iraq war. Tehran was bombed by Sadam with his American weapons.

Look around you...are you being bombed???

so you lost a lausy, stupid job at a car plant...good...get educated and be something better than a stupid factory worker that can be easily replaced by a robot...go make robots

When I lived in Germany from 1987-1992 Gasoline was like 3-4 marks/ liter...like 10 bucks/gallon...and that was 16 years ago...i don't know how much is gas now in Europe, but we are paying 2-3 bucks/gallon...so even if we pay 10 bucks/gallon that shouldn't be shocking

maybe families should drive less, drive less expeditions and chevy tahoe and less chevy suburban.

start a soccer club near your home instead of driving your kids 10 miles to soccer practice, buy less bottled water and improve tab water quality...also driving less will improve air and noise quality...

so whatever dudes...wine is like 2 bucks a bottle at trader joes...get some wine and enjoy your life with your friends, worry less about having a huge house in a neighborhood that looks like cemetery ( Beverley Hills, Pacific Palasades, Malibu....these cities are lifeless and just look like a well groomed cemetary) 

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#9) On March 23, 2009 at 7:45 AM, LawfordCap (99.76) wrote:

Do you have a summary of Alstrynomics?

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#10) On March 28, 2009 at 9:23 PM, motleyanimal (59.86) wrote:

Everybody sing along!!!!

http://www.youtube.com/watch?v=-gb0mxcpPOU&feature=related

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