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alstry (35.65)

What Every Fool MUST KNOW!!!

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January 05, 2011 – Comments (12)

Look up this term:

JOINT AND SEVERAL LIABILITY

As you know, Alstry is an attorney....and over the past few years, the politicans we elected borrowed OVER $6 Trillion Dollars in the form of Government Treasuries and Municipal Bonds.

Somebody has to pay this debt back......and guess who it will be?  Once you understand JOINT AND SEVERAL LIABILITY.....you will know who.

And to add insult to injury, our corporate executives have also borrowed TRILLIONS over the same time period....and much of that money to pay themselves wonderful salaries and bonuses and also outsource millions of our jobs overseas.

And Guess Where That Money Came From?  That's Right.....our collective pension plans, retirement accounts, and investment accounts.

In sum, we as a nation are collectively liable for trillions of dollars of debt that we owe ourselves.....as Wall Street and Washington laugh all the way to the bailed out banks.

And guess what...soon we will all find out that this debt can't be paid back.......but it is not the end of the world, just the end of a world as you knew it......and the beginning of the

Udderworld.com

12 Comments – Post Your Own

#1) On January 05, 2011 at 11:40 PM, awallejr (82.46) wrote:

First, you are an ALLEGED attorney.  Second, you have become no different than the "air jordan handbag" spammers, since all you do now is tout your website in your blogs, where you obviously have paying advertisers. Get people to click, make the money.

Shoo. You do this website a disservice now. 

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#2) On January 06, 2011 at 11:21 AM, alstry (35.65) wrote:

You still avoid the issue......who is liable for the Trillions we borrowed in the last few years just so we could keep consuming and keep sales, revenues and salaries flowing?

....and as far as a disservice......you have been saying that from the beginning.....same old song.....

when are you going to realize we are entering the UdderWorld as food prices are now at record highs around the world.......and climbing?

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#3) On January 06, 2011 at 12:40 PM, bcchamp (42.20) wrote:

SPAMMER

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#4) On January 06, 2011 at 2:22 PM, alasker (< 20) wrote:

Hey Alstry-

While visiting my grandfather (living in a facility paid for by borrowed government money- thank you Alstry)- I met a guy who spent 4 years in a concentration camp and another 4 years in a displaced persons camp after WWII. I think with all the media hyperbole and talk about gold reaching infinity, the world facing financial and civil collapse, buying bread with a wheel barrel of dollars we forget that humans are survivors- yes things change and life can suck- but people will adapt to the conditions they are presented with.   

 

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#5) On January 06, 2011 at 2:47 PM, awallejr (82.46) wrote:

It's not the same old song by me.  In the past I challenged your exaggerations and silly predictions.  While I did criticize your excessive daily blogging, I never told you to go away.

But it is different now.  You are blogging to tout your own website and you embed a shortcut link to get people to "click and hit" to make your sponsor's happy and presumably you money.  You really are no different now than these out of hand commercial spammers except they are at least "honest" about their intentions.  You are merely "selling" a different "product."

THAT is the real issue. 

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#6) On January 06, 2011 at 2:55 PM, alstry (35.65) wrote:

No I am not...I am blogging to warn that our public companies are borrowing from our pension plans and investment accounts and stipping our wealth away......

and at this point, instead of just toxic mortgages.....our entire investment system and governments are infected and dependent on fraudulent borrowing to function.....

and in the end it is not the end of the world, just the end of a world as we knew it......and the beginning of an UdderWorld.

That is the real issue.....and why UdderWorld.com was created.

For example, why should we only raise the debt ceiling of our insolvent government.....why don't we raise the debt ceiling of EVERY American citizen as well....could you imagine how stimulative that would be?

Why should we give politicians the primary right to borrow and spend and give themselves handsome compensation packages....and not the citizens?......after all, that is now the foundation supporting essentially all property rights.

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#7) On January 06, 2011 at 5:23 PM, awallejr (82.46) wrote:

It's just a ruse by you. And there you go embedding another shortcut link to your commercial site.  Stop doing that and I might feel differently.  Otherwise you are no different than the go.too.too spammers.

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#8) On January 06, 2011 at 6:10 PM, alstry (35.65) wrote:

Going to the issue of a systematic insolvency, or Zombulation as I have been calling it for well over 3 years and cited in the New York Times....long before any of the collateral issues you raise existed..........how does the fact that a site called udderworld.com exists have any bearing on what is the citizens' liability on the over $6 trillion dollars borrowed by Wall Street and Washington over the past few years have?

and the crazy part is most of it was borrowed from our retirement, pension and investment accounts....

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#9) On January 06, 2011 at 6:43 PM, JerseyShoreGirl (< 20) wrote:

The dialogue seems 'udderly' familiar  .. it reminds me of that scene in The Wizard of Oz where Dorothy and friends discover that the Wizard is just a little man behind the curtain .. and the Lion says, "Pay no attention to that man behind the curtain!" ... and the wizard just keeps repeating in desperation, "The great Oz has spoken!"

http://www.youtube.com/watch?v=YWyCCJ6B2WE&NR

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#10) On January 06, 2011 at 7:01 PM, awallejr (82.46) wrote:

JersyGirl, the Lion didn't say that, the wizard did.

And kind of fitting that a commercial spammer posted here in the comment above me.  My last appearance here since all it does is keep Alstry's commercial spam blog on the recent posts list.

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#11) On January 06, 2011 at 7:22 PM, JerseyShoreGirl (< 20) wrote:

Awallejr, you're right .. afterall, he had the mic ...

Anyway, if Alstry wants to create any kind of site, more power to him .. Personally, it rubs me the wrong way because he thought I/we would blindly follow his lead to click ... and he's been blogging about how consumerism and taking on debt has gotten us into this situation and when you go to his site, it's all about 'buying stuff' ... Alstry, I think you just targeting the wrong audience on this blog ....

Alstry .. here's a site you may want to check out .. it's pretty popular in terms of alterative news sites ...  Peace out, JSG

http://www.blacklistednews.com/   

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#12) On January 06, 2011 at 10:44 PM, alstry (35.65) wrote:

jsg,

Zombulation is a theory I developed a few years ago basically coming to the conclusion that the world's economy is systematically bankrupt.

This is a legal conclusion with a legal solution.

It is not the end of the world....just the end of an economic system as we know it.  What is uncertain is what new system will be adopted and how will people and nations react upon realization of zombulation.

Our economic system is a matrix of debt driving revenues and supporting asset values.  That debt can only be serviced by issuing more debt...the classic definition of fraud...and we are now issuing such large quantities of debt that the illusion of solvency is rapidly eroding.

Going forward....essentially every stock, bond, life insurance policy, retirement account, investment account, pension plan is at risk of being restructured....and how things fall out is anyone's guess.

But I am confident it is not the end of the world.....

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