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alstry (35.90)

OBAMA: Well, we are out of money now!!!!!!!!!!!!!!

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May 26, 2009 – Comments (12)

BREAKING!!!!  A President that tells the TRUTH!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Alstrynomics has been warning you for over a year.....Our President tells us it is now here......WE ARE OUT OF MONEY....and it is not just healthcare......

Cities out of money, Counties out of Money, States out of Money, Health Care out of Money, Education of Money, Welfare out of Money, Corporations out of Money, Citizens out of Money....about the only one left in America who can or will borrow money is the Federal Government......but who will lend to it???????

Revenues Declining

Wages Evaporating

Tax Revenues Shrinking

Corporate Earnings DOWN 90%

Banks Failing

Bankrutpcies Rising

Interest Rates Increasing

I am not sure who you guys think will step up to the plate and keep financing this nonsense....if interest rates are any guide.....it appears fewer and fewer!!!!!!!!!!!!!!!!!

If foreign governments won't finance our debt....will we citizens be forced to step up to the plate and take responsibility for our overspending ways???????

I can see the light turning on in a few of your heads;)....it's about time!!!!!!!

Hello......anyone home in there......Prepare.......

12 Comments – Post Your Own

#1) On May 26, 2009 at 10:16 PM, MikeBobulinski (< 20) wrote:

Maybe some of those multi-billionaire types out there will see the US as good philanthropy and make a healthy donation...but I doubt it.

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#2) On May 26, 2009 at 10:34 PM, alstry (35.90) wrote:

EVERYTHING RUNNING OUT OF MONEY!!!!!

Rust Belt Cities are turning into Ghost Towns

New Housing Developments turning into Ghost Towns

Now Shopping Malls Turning into Ghost Towns(wsj)

Recession Turns Malls Into Ghost Towns

"This time around, because of the dramatic changes in consumer spending practices, we're very likely to see more malls in the death spiral than we've ever seen before," says Green Street analyst Jim Sullivan.

ANYBODY SEE A PATTERN DEVELOPING?????

Now rents in Manhatten down DOWN by 2/3(Cal Risk)....Ghost Office Buildings?????

When Alstrynomics is warns you over and over and over again that we are running out of money......you may want to pay attention if the President of the United States confirms the perspective.......

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#3) On May 26, 2009 at 10:46 PM, NOTvuffett (< 20) wrote:

Out of money?! Impossible, unless the printing presses are broken, lol.  Or maybe we could just add some zeros to the money like Zimbabwe did, keep the engravers in business- maybe these are the green-jobs President Obama has been talking about, lol.  I am just waiting for his speech about how we all need to sacrifice to justify confiscatory tax rates.

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#4) On May 26, 2009 at 10:57 PM, ralphmachio (24.40) wrote:

What happened to your blog about what we're gonna do if the market crashes 90%? If people are going to erase their blogs based on a witty, non-offensive comment, i will be forced to shorten my comments, so as to waste more of your time than mine! ha!

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#5) On May 26, 2009 at 11:12 PM, alstry (35.90) wrote:

ARE YOU PREPARED??????

The Golden State is almost bust, but its inhabitants, even if they believe it, do not want to know and they certainly do not want to pay for it. The state has been running huge budget deficits for years; the till in Sacramento, the state capital, is now empty and the last-ditch attempt by Arnold Schwarzenegger, the Governor, to balance the books with a series of tax increases and budgetary shuffles was roundly rejected by voters in referendums a week ago.

With a $21 billion (£13 billion) deficit and the lowest credit rating of any American state, the choices are few and grim. California cannot hope to borrow such large sums, except at extortionate rates, which leaves the option of massive cuts in public spending – the sacking of thousands of teachers.

California could run out of cash in a few months.

http://business.timesonline.co.uk/tol/business/columnists/article6361136.ece

Does this tune sound familiar??????

And for you Fools that think we can "print" our way out of this????  Sorry....wrong answer....try again.....

China warns Federal Reserve over 'printing money'

 

China has warned a top member of the US Federal Reserve that it is increasingly disturbed by the Fed's direct purchase of US Treasury bonds.

Richard Fisher, president of the Dallas Federal Reserve Bank, said: "Senior officials of the Chinese government grilled me about whether or not we are going to monetise the actions of our legislature."

"I must have been asked about that a hundred times in China. I was asked at every single meeting about our purchases of Treasuries. That seemed to be the principal preoccupation of those that were invested with their surpluses mostly in the United States," he told the Wall Street Journal.

http://www.telegraph.co.uk/finance/financetopics/financialcrisis/5379285/China-warns-Federal-Reserve-over-printing-money.html

Soon...when past Economic theories were just a memory....the world will be adopting ALSTRYNOMICS.....and it was first revealed in CAPS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

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#6) On May 26, 2009 at 11:23 PM, alstry (35.90) wrote:

THE BEGGARS OF 90210?????

SACRAMENTO, Calif. – Gov. Arnold Schwarzenegger on Tuesday proposed eliminating welfare for 500,000 families and terminating health coverage for nearly 1 million children to help close the state's ballooning budget deficit.

The Republican governor's administration released details of $5.5 billion in cuts, a week after state voters defeated special election ballot measures. The new proposals are on top of those previously announced by Schwarzenegger.

Also among the cuts are stops to college fee assistance for thousands of students, fewer vocational training opportunities for state inmates and the elimination of $70 million in funds for the state park system.

The state is trying to close a $21 billion deficit, although the Schwarzenegger administration said Tuesday that its proposed budget for the 2009-10 fiscal year was outdated. The governor's finance team said the deficit now was projected to grow to $24.3 billion through June 2010.

http://news.yahoo.com/s/ap/20090527/ap_on_re_us/us_california_budget

If there are no jobs....where the heck do you think 500,000 families are going looking for food????

Welecome to MOAK..... the MOTHER OF ALL KATRINAS.

Any thoughts  where the other $15 Billion is coming from????

Is anyone thinking anymore?????

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#7) On May 26, 2009 at 11:27 PM, kirkydu (95.52) wrote:

Oh Schiff, we're screwed.

The President is right though, we have to fix the problems and pay for it with production over time.  Smoke and mirrors feel good today hurts tomorrow fixes don't du it anymore.  It's going to take about a decade for things to get marginally better if we put into place President Obama's big real fixes, we'll utterly collapse if we don't.

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#8) On May 27, 2009 at 12:04 AM, Guitarpack (< 20) wrote:

So Alstry, what is your solution to it all?  How would you solve all these problems?  What does "prepare" mean?

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#9) On May 27, 2009 at 1:00 AM, ozzfan1317 (79.38) wrote:

Cmon dont you see America is going to fail and the printing presses will break and we will be killing each other for food..!!1..Sell all your stock and start buying can goods and Batterys and build a bomb shelter now..P.S. Sell to me I will safe guard it in case the apocalypse doesnt come I promise you will get it back. :P

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#10) On May 27, 2009 at 8:25 AM, OneLegged (< 20) wrote:

I don't know the solution.  The only thing that could turn this around in my opinion is if consumer spending,  which is 70-90% of the economy depending who you talk to, ratchets upward drasctically.  That can't happen with multiple millions out of work.  Any increased consumer spending must be fueled by non-borrowed money.  There seems to be far too much leverage out there already.   This money would have to fall out of the sky (trillions of dollars worth).  There is no sector of the economy that is going to lead us out of this.  If just one sector did it would result in yet another bubble.  If consumer spending ratcheted up in a significant enough fashion that would result in a bubble or mutiple small bubbles.

 It seems we need to deleverage and count on fewer state and federal services.   Easier said than done. 

 

Corporate earnings are down 90%, yet the stock market soars.  That's the one I'm having a hard time figuring out. 

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#11) On May 27, 2009 at 8:36 AM, alstry (35.90) wrote:

NO JOBS, NO WELFARE, NO INCOME.....NO CONSUMER....

Our economy is about 2/3 driven by the consumer.....millions of jobs being lost, tens of millions of wages and benefits cut, and now millions of families being taken off of welfare likely....

It does not look good for WalMart....and if it is tough for WalMart....it is tough for America....it is consumer spending that drives profits and taxes to government.

Alstrynomics is one of the few macro prognosticators right time and time again warning you about the FU virus and the Zombulator which is going to detroy the consumer as all of the nations dwindling wealth is transferred to the banks.....

It doesn't matter how rich you think you are now....if the government does have money to provide services.....get ready to be taxed every dime in your savings account to keep the ball rolling.

Soon....as it becomes obvious that the Federal Government and State and Local Governments simply can't meet their debt payments.......KABOOOOOOOM!!!!!!!

Nobody will lend us a dime and EVERYTHING may simply COLLAPSE!!!!!!!!!!!!

Prepare!!!!!!

 

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#12) On June 02, 2009 at 2:24 AM, AdirondackFund (< 20) wrote:

F******ck!  Did anyone notice the dark circles over his eyelids.  And I thought I had trouble sleeping through this period in our History. 

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