Let's Make ONE Point Clear Before Alstry Departs....
It has been, and is the position of Alstrynomics that nearly every financial instrument in America is over rated, over priced and in many cases based on fraud or the beneficiary of nothing more than essentially a Ponzi Scheme set forth by Wall Street and the Ratings Agencies and supported by most money managers and many in government.
As this comes to light......the financial world...and much of the rest of the world as you know it will come to an end.
A Senate panel investigating the causes of the nation's financial crisis on Thursday unveiled evidence that credit-ratings agencies knowingly gave inflated ratings to complex deals backed by shaky U.S. mortgages because of the fees they earned for giving such investment-grade ratings.
What do we know so far?
Our banks got paid off to KNOWINGLY manufacture toxic assets and made commissions selling them to our pension/retirement/investment accounts.
The ratings agencies lied about the quality of the investments.
Middlemen got paid off to place them in our pension plans and other retirement accounts......and maybe even some of our money managers got paid off to buy them.
And many Fools are still watching the ticker as our nation shuts down and the bankers get bailed out and billions in bonuses??? You wonder why the citizens can't borrow for free and buy treasuries just like the bankers?
Banks May Not Be Lending, But they are Buying Treasurys $178 Billion In Gross Treasuries On Deck, $118 Billion In Coupons
Instead of Motley Fools...maybe we should all be called Motley Sheep?
When I am gone, don't say Alstry didn't warn you with thousands of blogs and tens of thousands of links as supporting evidence.
Remember....when Marshall Law is imposed, we will all be equal regardless of race, gender, or wealth.............because when the money is spent and gone.....government has to take what is left...no matter how rich you think you are or how smart you may or may not be......
Every good Ponzi Scheme must come to an end when the money runs out....and let me tell you....it is running out whether you like it or not.........so you might as well learn the truth. Why do you think I am leaving.....because the Mainstream Media is about to tell ya........
Good luck to all....and let's hope cooler heads prevail as the world finds out it is broke!!!