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alstry (< 20)

No Mo Money As We End 2009



December 31, 2009 – Comments (5)

 ... For the first time in history, [New York]’s main bank account is poised to end the year in the red.

... New York had a negative balance of $174 million in its general fund on Wednesday, with nearly $1 billion in bills owed by day’s end. ... To fill the gap, New York will be forced to rely on ... raiding its short-term investment pool ... But that account itself is dangerously low, with only about $800 million on hand, compared with a balance in more flush years of as much as $16 billion.

And the lower the short-term balance falls, the harder it is for the state to cover its day-to-day bills and the closer New York moves toward a previously unimaginable eventuality: A government check that bounces.


California OUT OF MONEY

Court Systems Running OUT OF MONEY

Hospitals Running OUT OF MONEY

Schools Running OUT OF MONEY

Federal Government OUT OF MONEY and running A $2 TRILLION DOLLER DEFICIT


Freddie Mac OUT OF MONEY


The Pension Guaranty OUT OF MONEY and Pension Funds Running out of Money

Until now, the horrifying losses absorbed over the last two years by California's largest public employee pension plan were mostly bad news that didn't really affect anyone.

Here, for example, is what the California Public Employees' Retirement System, better known as CalPERS, told its retired members early in the fall of 2008, when it had lost more than $70 billion on its investments so far that year, more than one-fourth of the previous $260 billion value of all its investments:

"It is important for you to know that the current credit crisis does not directly affect your retirement benefits, which are securely protected by law, or our ability to pay benefits."

Translation: Not to worry; the taxpayers will have to bail us out.


Can you imagine how those that lose their incomes and get kicked out of their homes are going to react realizing the only reason one American has a job and another doesn't is because one has access to LARGE AMOUNTS Free Government Credit and the other doesn't.

Strange times when the only difference between an income and unemployment is FREE Government Credit......because in the end, government is broke too.

5 Comments – Post Your Own

#1) On December 31, 2009 at 8:21 AM, themanwon (< 20) wrote:

You need Jesus, I'll keep you in my prayers.  Hopefully more people can join me in praying for your moral.  I sure know if I was on my team, I would request you get kicked out because you would differently bring down the team moral.  Could you image what a football, basketball or baseball team would be like if you were among them?  If most people listened to you this year, they would have never got in the market.  Thanks God I decided to go on faith and made a substantial amount of doe this year.Alstry I will simply wsh you the best the upcoming year and continue to stride for ZOMBULATION or what ever you call it

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#2) On December 31, 2009 at 9:30 AM, lollard (99.80) wrote:

And I will sacrifice a freshly ground bag of espresso to the supremely caffeinated many-limbed god at whose altar I genuflect. Hopefully more people will join me in murmuring your name during ritual libations, which cannot help but result in moral improvement.

No doubt these data are worrying. I expect to see increasing privitization of state-owned real assets (infrastructure). For myself, I am taking Bent's advice and investing in the one asset class that will hold value in the ZOMBI-LUNALUPINE-VAMPIRICAL END TIMES surely to come: CHICKEN.


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#3) On December 31, 2009 at 10:01 AM, Rebkong1 (< 20) wrote:

i am convinced alstry is bi polar. its wasn't a month ago he was touting america is back, massive debt reductions & strenthening dollar (whewee he called a technical bounce) ...i guess he is back to his downer camp today.  


Alstry's a  pawn planted to help people NOT make money on this site.  If you do the opposite of what he says you will do pretty well.  The next post where alstry says he is back bullish on the market again and america i would pull ALL your money that you have made out.  While alstry is here to keep you distracted from "timing and making money in this market" he has been spot on with what all is going on behind the scenes that will ultimately be reflected in this market.

timing is everything in this business people.  And alstry is the LAST person to have any credit on this board about timing .   BUT HE WILL  ULTIMATELY BE RIGHT AT SOME POINT, THIS IS TRUE 

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#4) On December 31, 2009 at 10:03 AM, alstry (< 20) wrote:

It is truly amazing to observe the indifferent attitude of Americans to watch the bankers and politicians get bailed out and watch the rest of our nation rot.


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#5) On December 31, 2009 at 10:05 AM, alstry (< 20) wrote:


I am still in the strong dollar camp.....relative to the rest of the currencies around the world, albeit it seems harder and harder these days.....but I am still there.

As far as being bullish on the market.....not yet and not even close.

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