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alstry (35.03)

Micky Mouse says FU.....You're outta here!!!!!!!

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April 11, 2009 – Comments (4)

Imagine one day receiving recognition for decades of service from your employer only to be laid off the next day. That is what happened to one Walt Disney Parks and Resorts employee who asked not be identified.

Disney has eliminated 1,900 U.S.-based positions since mid-February. Some 900 salaried employees working at Disney's theme parks in Florida were laid off, and 700 open positions were eliminated, said communications Vice President Mike Griffin. In California, 200 workers were laid off and 100 open positions were cut.

http://www.cnn.com/2009/LIVING/worklife/04/09/disney.layoffs/index.html

If you have a job right now.....enjoy it....my guess is within the next 12 months.....as many as half of you will be unemployed.

Americans mathematically can't pay back the trillions of dollars of infected toxic debt they were intentionally injected with over the past few years.  The collective assets and savings are simply insufficient to pay back the debt.  This included personal debt, corporate debt and state and local government debt.  Now that revenues are evaporating, now incomes are insufficient to service debt.

Remember, after you drink the poisonous Kool-Aid... it tastes good at the outset, however, it sometimes takes a little while for the symptoms to become visible.

Here is what happens to a prosperous nation that is infected with Toxic Borrower Syndrome....

 

Will this happen here????.....Very possibly if we don't restructure debt SOON!!!!!  Don't forget...Alstry is the Doctor of Alstrynomics and only focuses on the facts.

NEVER BEFORE HAS AMERICA EVER BEEN INFECTED WITH SO MUCH DEBT UNTIL NOW!!!  IN THE GREAT DEPRESSION....VERY FEW HAD ANY DEBT AND THOSE THAT DID HAD RELATIVELY LITTLE.

ARE YOU GOING TO LET THE BANKS STEAL ALL YOUR TAX DOLLARS AND IMPOVERISH YOU AND OUR KIDS???  REMEMBER, THE MONEY BANKS LENT OUT OVER THE PAST 10 YEARS THEY NEVER HAD IN THE FIRST PLACE.  SOME PEOPLE MIGHT CALL THAT COUNTERFEITING....AND NOW THEY WANT TO TAKE YOUR REAL TAX DOLLARS TO BOOT???

SERIOUSLY...HOW STUPID ARE YOU GUYS????????

I can state the following with great confidence....if we continue down the current path of NOT restructuring debt with current policies...we will see millions of businesses and municipalities go bankrupt, tens of millions will be out of work, and hundreds of millions will be in distress.

You simply can't fight the facts....and the facts are based on basic math......if you can't repay your debt.....you will start to sweat.  Some of you are dripping already......

Don't fear...prepare.  The money our cities, states, and counties borrowed never existed in the first place.....

4 Comments – Post Your Own

#1) On April 11, 2009 at 5:53 PM, alstry (35.03) wrote:

FU Virus.....WE ARE NOW GOING PARABOLIC!!!!!!!!!!!!!!!!!

“For the 12 months ended in February, bankruptcy filings in San Diego and Imperial counties are up 73 percent to 14,509, compared with the same period a year earlier, says Barry Lander, clerk of the bankruptcy court.

“Radmila Fulton has been a bankruptcy attorney in the county for 27 years. ‘I have never seen it this bad,’ she says. ‘People are losing their jobs. They can’t make their debt payments.’.. She says, ‘People are walking away from their homes, but most banks aren’t taking back the keys; they want to go through the foreclosure process.’”

“The misery flows through the economy and in this case is flowing upward. ‘The small business owner had been making it, but now sales are down dramatically as [customers] contract their spending. Now the small businessperson is not making the amount of money needed to make the mortgage,’ says Fulton. So her clientele is more upscale than she has seen before. ‘People have the feeling that things are not going to get better.’”

http://www.sandiegoreader.com/news/2009/apr/01/sad-stats/

JUST THE FACTS......you have been warned.....PREPARE...DON'T FEAR!!!!!

Federal deficit up 400%  Over 14,000 Bankruptcies in just two counties in one year and up OVER 70%....Small business revenues evaporating....retailers shuttering stores around the country

Imagine what 2009 will be like as revenues evaporate, values of assets crash, and bankers raise interest rates on Americans as Americans give bankers free taxpayer money??????

Why doesn't our government give Americans free taxpayer money????  It is our government isn't it????? Or was it???

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#2) On April 11, 2009 at 5:55 PM, SharpSEO (65.49) wrote:

Interesting Argentinia video. I was looking into their inflationary crisises earlier, after you pointed out some problems with my comparison to Weimar Germany this morning. Do you think Argentinia is the best comparison? I know none of'em are perfect, and the dollar is such a unique currency. Will be interesting.

Also, the Bill Moyers interview with William K. Black that you posted here was mind-blowing. Recommend watching that one if anyone hasn't seen it yet:

http://caps.fool.com/Blogs/ViewPost.aspx?bpid=179047&t=01002130057764754273

 

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#3) On April 11, 2009 at 6:03 PM, alstry (35.03) wrote:

M-I-C-K-E-Y....MOUSE....you woulda thunk I could spell that one right.

“Another wave of house foreclosures is poised to rumble through Southwest County, further disrupting an economy already trying to absorb the first wave of foreclosures and deal with a growing jobless rate. ‘We have unsustainable debt taken out during the housing bubble and it hasn’t popped yet,’ said Chris Sorensen, a Temecula-based mortgage and real estate expert retained by the county to lead a series of classes on avoiding foreclosure.”

“About 337,000 houses in Riverside County were purchased from 2004 to ‘07, before prices began to dive. Almost all of them now are worth less than their owners paid for them.”

“Sorensen says he is ’scared to death’ and ‘hopes he is wrong,’ but given the county’s other economic problems he fears an increasing number of owners of overvalued homes either will no longer be able to make payments or will ‘make a business decision over a moral one’ and abandon their houses.”

http://www.nctimes.com/articles/2009/04/04/news/californian/riverside/zccf7c59392d71c558825758d0068e5fd.txt

Don't worry....if your house isn't getting foreclosed....all the foreclosures around you will make your home worth a fraction of what it was worth a little while ago.

“A steady stream of property owners filed into the Tax Collector’s Office in the Ventura County Government Center today to pay their property taxes ahead of the midnight deadline. Property taxes are due twice a year, in December and April, and today is the last day to pay the second installment without incurring a late fee.”

“Ana Durand of Oxnard said she had been worrying all night about the deadline because, she said, she couldn’t pay the $7,000 due in property taxes and still be able to keep paying her mortgage. ‘I have no choice. I have to pay all the tax and now I won’t pay my mortgage,’ said Durand. ‘It’s been really hard and I don’t know what to do.’”

http://www.venturacountystar.com/news/2009/apr/10/last-minute-taxpayers-meet-deadline-today/

Soon...she may not pay either....

The beat goes on and on and on.....

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#4) On April 11, 2009 at 7:40 PM, alstry (35.03) wrote:

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