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alstry (35.70)

Who is Rich When Our Financial Markets Are Fraud???

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April 30, 2010 – Comments (7)

I told you Fools over a year ago...when you can't trust the financial statements.....nothing matters.

Then I explained last March, when you bail out Wall Street, and leave a massive debt burden on society......the world as you know it is over.

On behalf of all the public company executives who lied to you about their companies' financials, especially the financial companies, and the politicians that buried their heads on the sand spending yours and your childrens' collective futures, and all those executives who drew HUGE salaries just because government subsidized them....thank you Fools for handing over your hard earned money and not caring whether or not the accounting was legitimate or not.

We now find out that the whole game was a fraud and they were a bunch criminals supported by the paid off ratings agencies......it is just about time for the industrial age to die.....and just think, Alstry only lied to you about when he would quit blogging.........and Alstrymous is at least consistent......welcome to the digital age...guaranteed to be an exciting time.

7 Comments – Post Your Own

#1) On April 30, 2010 at 4:37 PM, alstry (35.70) wrote:

This could be one long train Fools......

Report: Madoff sons, brother may face charges

 

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#2) On April 30, 2010 at 4:42 PM, MikeMark (30.28) wrote:

The rich are those who know what is right and do it. 

The rich are always those who can and do help others.

Don't be duped. Be rich.

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#3) On April 30, 2010 at 5:06 PM, RonChapmanJr (98.37) wrote:

-1 rec

There is still no guidance here that you have been promising.  When will that start?

I think people should be prepared.  What do you advise? 

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#4) On April 30, 2010 at 5:15 PM, alstry (35.70) wrote:

Ron,

If there is social violence...I think it will be controlled immediately by the military.

If there is military violence....preparation without lots of luck will be of little benefit....I have little doubt it will be of a nuclear/chemical nature to preserve the lives of soldiers.

At this point....I am not sure if this will be a massive military conflict and/or simply a financial collapse...but the former is looking more and more likely.

 

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#5) On April 30, 2010 at 5:38 PM, alstry (35.70) wrote:

PREPARE FOR THE CATTLE PROD LITTLE SHEEP

WASHINGTON (AP) -- The Federal Reserve has adopted a plan allowing banks to set up the equivalent of certificates of deposit at the central bank. The move would help the Fed mop up money pumped out during the financial crisis and prevent inflation from taking off later.

Under the plan, the Fed would offer so-called "term deposits" that would pay interest. Doing so would provide banks with another incentive to park their money at the Fed, rather than having it flow back into the economy.

Once the economy is on firm footing, this would be one of the tools the Fed could use to tighten credit.

The Fed says Friday's action has "no implication for the near term conduct of monetary policy."

Hmmm.  The banks borrow money for free....the Fed Res allows them to deposit that money at a higher interest and NOT LOAN IT OUT TO THE PRIVATE SECTOR..........the private sector is shutting down, bankers getting billions in bonuses, and the Fools take it from behind like good little sheep????

BaaaaaaaaHHHHHHHHH

At some point, you would think the sheep would squeal like little piggies......welcome to the digital age.

Trends....

Real Estate Worthless

Digitization of many job functions

Massive reduction of credit

Gold and silver worthless....or else worth a lot

Massive systematic fraud

Advancements in communication and dramatic changes to everyday activities.

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#6) On May 01, 2010 at 1:20 PM, VintageCat (< 20) wrote:

It's been my personal quest to find things with value that will act as a decent shelter against whatever comes our way.  Applicable skills for living, potentially growing food, building things, cleaning or restoring things, knowledge of how things work, the ability to think clearly, improvise when necessary, adjust to change without bitterness and finally to act rationally, with self control will be most valuable tools regardless of what comes at us.  I think that a network of loyal like minded friends and strong family ties (to hopefully practical people) will be invaluable in the future.

I still haven't given up on tillable land in a temperate climate quite yet, understanding that property rights are tenuous at best.  

If everything goes to hell in a hand basket tomorrow, I wouldn't want to be an addict of any type, whether it be drugs, alcohol, tobacco.  Nor would I want to be too dependent on medical or mental health services.  It would help to be young, healthy and physically fit but while aging isn't within our control, many aspects of general health and fitness is well within the reach of individual effort.  

I think that the ability to give/produce more than one consumes is a rarity these days and people with this ability will be sought out and welcome wherever they go.  Not a message that the "what's in it for me" entitlement crowd will embrace willingly but may have to accept with the very real probability of diminishing prospects and change in the wind.  

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#7) On May 01, 2010 at 1:39 PM, fewl10 (33.34) wrote:

Why all the hoopla about your "last blog" and here you are again.  !@#$#@ IDIOT

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