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alstry (35.64)

The Secret of Alstrynomics......Finally

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May 18, 2009 – Comments (13)

Shhhhh.  Just keep this between us.....

As Americans...we are all jointly and severably liable for the debts of our nation, states, and cities plus municipalities.  Just like an owner of a condo, in the end, you are jointly and severably liable for the obligations of your association.  If nobody is paying their condo fees, you have to pay for all or the association breaks down and the elevator stops working and the trash starts piling  up.

If you took every dime saved up by every American citizen and corporation and added it all up.....it doesn't even come close to paying off the current debt and liabilities.  As long as the bankers kept lending us money...we could service the ever increasing debt burden.....

but now the bankers are cutting off the citizens of $$$$ and debt is starting to default everywhere.....and if the citizens aren't spending...there is little money going to the government.

My guess is that we have about $6 Trillion of TOTAL savings and over $40 Trillion of Debt.......not including entitlement obligations.

As credit keeps getting cut off to consumers, spending decreases and debt keeps defaulting.....as debt keeps defaulting, the value of assets keep imploding as fewer and fewer have money to spend.   Currently, balance sheets are being destroyed at record rates as assets implode in value across across the nation.....and the world for that matter.

Question Alstry all you like.....in the end Alstrynomics is all about being right....this process is called Concentric Contraction.....and as usual, Alstrynomics will be right again if we continue on the same path. 

If America, its States, its Counties, and its Cities can't pay the debt...they are coming after you and I to pay it.......whether we like it or not.....and there will be no limits to how much we must come up with no matter how much money we have......otherwise there will be no police officers to protect us when the rioting inevitably begins.

Soon it will come down to one simple issue....all your money or your safety....pick?

Now, the only question is when.  Your bosses are the banks and the government...they get to determine how much money you make, how much you keep, how much you have and how much its worth..... and you think you have any say in this issue????    or what party is in charge???

Pay special attention to California's tax vote tomorrow.....if the voters say no to higher taxes......who is going to pay the police and fire department....who is going to educate their children????......things are really heating up now as the Simmer begins.

You have been warned over and over and over.....Prepare.

13 Comments – Post Your Own

#1) On May 18, 2009 at 4:23 PM, alstry (35.64) wrote:

Geithner says he'll save markets, not replace them

He's in "consultations" with California and other state and local governments about their financial plight, and he suggested that the states and cities will have to address "deep structural problems." That is sure to be painful.

http://www.marketwatch.com/story/geithner-says-hell-fix-markets-not-replace-them

At what cost???

Every dime you got baby.....Every dime you got.......

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#2) On May 18, 2009 at 4:34 PM, AdirondackFund (< 20) wrote:

But why are the markets rallying?

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#3) On May 18, 2009 at 4:36 PM, lastupendas (< 20) wrote:

did anyone notice the low volume?

 

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#4) On May 18, 2009 at 4:40 PM, alstry (35.64) wrote:

The markets rally since time began.

During the period between 1929 and the bottom of the market in the late thirties.....the market rallied a greater percentage than what we are currently experiencing practically every year.

Why do you think Alstry KNOWS this is a suckers rally if we remain on the current course.

Money is running out across America....pretty soon only bankers and government will have access to money.....it is just a matter of time.

Just look around you....its everywhere.

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#5) On May 18, 2009 at 5:13 PM, alstry (35.64) wrote:

SAN FRANCISCO (MarketWatch) -- The Department of Justice said late Monday it and 16 states are joining two whistleblower suits alleging drug maker Wyeth bilked Medicaid out of "hundreds of millions" of dollars in unpaid rebates for a popular acid reflux medication.

As the money runs out, expect the scams to get bigger and BIGGER.

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#6) On May 18, 2009 at 5:21 PM, NeedaClue7 (54.85) wrote:

The total US debt number I've heard is closer to $55 trillion. That number takes into account the debt that is on the books plus all the unfunded obligations for government & military pensions, social security, etc. Interesting that the government doesn't have to account for all the future unfunded obligations as "debt", even though the rules for business in the private sector clearly require that this be accounted for for "fair" presentation of financial position. That's what happens when politicians keep the books.

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#7) On May 18, 2009 at 5:23 PM, alstry (35.64) wrote:

WHO COMES UP WITH THIS CRAP??????????

"Remember that an annual rate of 700,000 homes is destroyed each year, so home builders are still under water, as it were. A low number is good for inventory reduction," said Marc Pado, U.S. market strategist, Cantor Fitzgerald.

700,000.....DESTROYED EACH YEAR???????????????

That is 14,000 homes in every state DESTROYED every year......I could maybe see some states in some years.....but every state every year....and 700K?

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#8) On May 18, 2009 at 5:38 PM, alstry (35.64) wrote:

WASHINGTON (MarketWatch) -- Washington is expected to wrap up work this week on legislation that would curb credit-card practices decried by some as predatory and anticonsumer. But the credit-card industry is warning that new rules could backfire on consumers in a number of ways.

Given the recession and already weak demand, repeated warnings from industry representatives about overly restrictive rules cutting consumers' access to credit deserve particular attention.

Less Credit Less Spending.....Less Spending Less Tax Revenues....Less Tax Revenues Higher Taxes.....Higher Taxes Less Spending....Less Spending Higher Defaults and Businesses Shutting Down....More Defaults More Job Losses...More Job Losses Less Spending...Less Spending Higher Taxes....Whoops we have been here before....until taxes are forced to be soooo high nobody has any money to spend on anything but taxes and interest.

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#9) On May 18, 2009 at 6:14 PM, alstry (35.64) wrote:

Is Motley Fool Next????

American Express said it will cut 4,000 jobs, or 6% of its workforce, and scale back investment spending.

As I told you....the downward spriral mathematically CAN"T stop under the current policy direction.

If credit continues to be scaled back, THERE IS SIMPLY NOT ENOUGH MONEY TO SPEND ON GOODS & SERVICES AND PAY TAXES AND INTEREST AS SAVINGS IS DEPLETED.

It is only a matter of time when the revenues evaporate and $$$ runs out!!!!!!!!!

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#10) On May 18, 2009 at 7:20 PM, debtRichQuick (< 20) wrote:

I'm right there with you man, 700K seems ridiculously excessive to me too. I hear so many experts spewing this kind of illogical nonsense...but I'm continually confused  at the sight of people hearing these kinds of deductions and then nodding their heads in agreement as if they makes sense?!

There has to be a punch-line in the way they are calculating "destroyed" homes.

 

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#11) On May 18, 2009 at 7:34 PM, clanza875 (33.67) wrote:

So if America is so horrible and its going to get much worse (paraphrasing your words of course), where do you live?

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#12) On May 18, 2009 at 8:46 PM, Cherryz (33.10) wrote:

"My guess is that we have about $6 Trillion of TOTAL savings" thanks for pulling this number out of your ass.  if unemployment using government figures *so not underemployed* is under 10% by January 2010 can we make a deal where you stop posting forever if it is and if it isn't you can keep your ego?  Please respond i would like to see a day where you don't post.

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#13) On May 18, 2009 at 10:33 PM, InsuranceHunter (< 20) wrote:

and the market keeps on marching upward despite the obvious!  can't wait for Q3 and Q4 as the landscape will look MUCH different! 

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