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alstry (35.44)

This is NOT a Recession...IT IS WALL STREET OUTSOUCING AMERICA

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July 10, 2010 – Comments (4)

We bailed them out and now they shut us down....

Over the years Wall Street outsourced our production while making up the difference by making our economy addicted to debt by loaning us trillions of dollars and turning a production based economy into a massive leveraged consumption economy.

Wall Street loaned us more money in the past ten years than America borrowed in the prior 220.

Alstry started blogging when he knew that by Wall Street cutting of credit....America would shut down since our entire economy was primarily dependent on leveraged consumption...

Borrowing and Consumption by our familes.....

Borrowing and Consumption by our corportations....

Borrowing and Consumption by government.....

Once Wall Street cut off credit.....you knew America would shut down....it was really pretty simple....just hard to believe Wall Street would do such a thing to an entire nation but then easily understood once you think about what has happened to the rust belt and cities like Detroit.

First credit was cut off to housing/commercial real estate....now commercial sales are DOWN 90% and residential construction is DOWN over 80%......and 80% of our mortgage companies are out of business....as real estate in America is dying quickly.

Next to our private corporations.....now bankruptcy rates are skyrocketing and commercial vacancies are exploding.....as vacant building litter the landscape across the nation.

The last area to be be cut off from credit will be our cities, counties, states, schools, and hospitals......these are the very large employers in our economy and will have the most palpable impact as they close down and wither away....

AMAZING...WE BAIL OUT WALL STREET AND WASHINGTON.....AND NOW THEY SHUT US DOWN AS THE REST OF AMERICA WILL GET OUTSOURCED OR SHUTTERED.......

ONLY SHEEP COULD BE THIS STUPID.......why would anyone bail out Wall Street and Washington and not the rest of America......without rioting of course.........

Enjoy this next phase.....may I suggest lubricant as the politicians get raises and bankers get billions in bonuses while most the rest of the nation shuts down.......

YOU KNEW....YOU FELT....IT HAPPENS

Remember, if most of the nation is broke....the bankers and politicians are and should also be broke.....that way they can't take all your property as they laugh while you give them free money to foreclose on your stuff......

IT APPEARS ALSTRY WAS THE ONLY ONE LEFT THAT CARED FOR THE AMERICAN PEOPLE......now Alstrymous will guide you into the Digital Age as America shuts down due to lack of credit from Wall Street and much of the rest of the nation gets outsourced.

YOU are the terrorists to Wall Steet Fools....you want too high of pay and too many benefits for Wall Street and Washington to HAVE THE FREEDOMS be competitive in a world economy.  You greed to too high an income is terrorizing Wall Street....and since you are not with them.....you will be against them.

But don't feel too bad......Alstry was one of the few that really knew.......

4 Comments – Post Your Own

#1) On July 10, 2010 at 9:25 PM, HarryCarysGhost (99.72) wrote:

Alstry,

may I ask what your plans were and are. Did you go gold, silver(my preference) or seeds,ammo and canned goods.

Honestly, the day may come when I'll dump all my stocks, but that day is not today.

Or I might let them ride though the tsunami.

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#2) On July 10, 2010 at 10:41 PM, alstry (35.44) wrote:

Stocks, gold, money....these were all simply derivatives of production of years past....and right now, still legal tender.

Ask yourself what value was money if you were in the middle of Katrina while floating on a boat in New Orleans......what is coming, economically speaking, will not be too different.

What I am doing now is trying to figure out what will production be in the Digital Age.....clearly not a video rental store, or mail delivery, or most brick and morter businesses.

Then once you figure this out, you must determine who will own the right to production...that is what money, stocks and gold gives you...simply the right to anothers production.....

Just take a stroll down the Red Light district in Amersterdam and you will understand what I mean.....

Right now production is dropping so low that soon governments will be forced to take over all production/money........Just look at taxes rising, government owning more and more homes through foreclosure, and now some of our most important companies like GM and AIG....

When you only bail out bankers and politicians in a credit dependent leveraged consumer economy, and then cut off credit to the consumer, pretty soon government and bankers will own all production whether it is money, gold, stocks or the physical asset proper.

This was all so foreseeable.....yet so many are distracted by the ticker when the fundementals are imploding....

I guess sheep will always be sheep...just look at the pancake eaters recommending you take the advice of an institution that was successful in the Industrial Age but has no relevance in the Digital Age....

sorta like telling your son to be a good horseman/carriage operator at the turn of the last century....not realizing the automobile was just around the corner.

What you do with your paper is your own perogative....my guess is it will have little importance in the Digital Age.....

But you gotta admit...it is somewhat amusing to watch Washington and Wall Street shut down America while the sheep are cheering it on....

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#3) On July 11, 2010 at 3:45 AM, valunvesthere (< 20) wrote:

alstry

 

If you were CEO of a publicly traded technology company and you needed to produce something to sell to make profits in order to keep investors invested and better yet invest more in the company that you promised, "if elected as CEO I'll promise the biggest return on investment in the history of this publicly traded company!!!".

With the raised funds Who, Where, Why, When, and How will you get the technology products?

 

Chris

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#4) On July 11, 2010 at 8:46 AM, alstry (35.44) wrote:

I am sorry, but I am not sure I understand your question.  Here is a try, cost adjustments would have to be made and profits probably temporarily curtailed in exchange for durability of profits.

The problem now is that as America gets cut off of credit from Wall Street, there will be very little consumption and even less purchasing of technology products in America going forward.

Without much consumption in America...there will be no economy as we know it....

Any CEO can slash wages and open plants in Asia....few can build profitable productive companies in America other than those serving leveraged consumers.

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