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alstry (35.52)

Why Warren Buffett is a lying sack of falsities......

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September 13, 2010 – Comments (9)

You see, like Alstry, Warren is a pretty good fundemental analyst.  In addition, he has a much stronger background than Alstry analyzing financial institutions....which definitely gives him the edge over Alstry when it comes to the following:

Warren KNOWS that America has about $55 trillion dollars of outstanding debt...MOST of the debt is NON Treasury debt in the form of mortgages, commecial loans, credit card debt, municipal debt, student loans, agency debt, etc........

At an average interest rate charged of 6%, America has about a $3 Trillion dollar per year interest liability simply to service that debt.  Or to put it another way, everyday America adds about $10 Billion dollars of NEW liabilities onto its balance sheet that it must service or else the debt will default. 

THAT IS ABOUT $300 BILLION PER MONTH SIMPLY TO SERVICE DEBT!!!!!!!!!!!!!!!!

In other words, America MUST come up with $10 BILLION NEW dollars each day to service our outstanding debt that this generation accumulated over the past 30 years OR ELSE YOU ARE 100% MATHEMATICALLY CERTAIN THAT IT IS IMPOSSIBLE TO SERVICE THE DEBT COLLECTIVELY.  Warren understands this little problem very well....as a matter of fact, much better than Alstry.

Under Greenspan, banks were lending trillions each year in the form of private equity loans, mortgages(both commercial and residential), home equity loans, etc.........consequently the economy boomed and the debt could be serviced because even though the outstanding balance was growing rapidly, the banks were lending enough NEW MONEY to cover theMONTHLY interest payments.

But in 2006/7...banks slowed lending dramatically and have NEVER picked back up.  Warren knows this too bacuase just as the banks stopped lending, he shut down his insurance company insuring small banks.

You see, Warren KNOWS it is IMPOSSIBLE to service $55 trillion dollars of outstanding domestic debt when banks are paying practically nothing to save, cutting back credit to the private economy, and we are a NET importing nation.

....Warren knows that under the current policy, America's economy will implode. HE IS CERTAIN OF THIS....... Just like Warren knew that Berkshire Hathaway couldn't continue to remain competitive making suit linings so he shut the business down,  fired all the workers, and liquidated the assets.

NOW IT APPEARS HE IS DOING THE SAME THING TO AMERICA..............ALONG WITH THE REST OF WALL STREET

Why does Alstry have a bug up his backside about Warren lying to you saying there is no double dip?  Because Warren got bailed out by the taxpayers so he is now on the dole........while millions of those same taxpayers are losing their jobs, their homes, and life's savings.

AND WHAT IS AMAZING IS SO MANY REMAIN SILENT AS WE ARE BEING ASSAULTED BY WALL STREET AND THE PAID OFF POLITICAINS.....

Any wimp that get's bailed out by the taxpayers and then turns around and lies to the taxypers as they get cut off of credit deserves NO respect.  Something happened to Warren.....he now lies just like those he used to admonish......which makes him the biggest hypocrite of them all.

9 Comments – Post Your Own

#1) On September 13, 2010 at 11:43 PM, alstry (35.52) wrote:

NOTE:

If the banks start lending to the private sector a few trillion dollars per year, just like they did between 2003 and 2007.....that Alstry will become the biggest bull the world has ever seen,

But it ain't happening right now as poverty is rising at the fastest rate in history and the percentage of non working young adults between the ages of 16-24 is the highest ever.

Exploding poverty and record unemployment.....while government is running a massive deficit and stimulous....and this bailed out wimp says there is no double dip........?

My guess is he may KNOW a "terrorist" strike or something similarly disruptive may happen soon.......

http://en.wikipedia.org/wiki/Operation_Northwoods

 

 

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#2) On September 14, 2010 at 12:05 AM, oshiri (< 20) wrote:

The Pope . . . Bill Clinton . . . Comrade Alstrymous . . . and yes, Warren Buffett . . .

     Nobody ever got rich being honest.

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#3) On September 14, 2010 at 12:12 AM, alstry (35.52) wrote:

Warren was honest for a while....between 1950 and about 2007.......just as the banks started to cut off credit to Americans......

now, only he and a few of his Wall Street buddies really have access to essentially unlimited free money while the rest of the nation shuts down due to lack of credit.....

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#4) On September 14, 2010 at 1:07 AM, guiron (20.60) wrote:

I see ... if someone disagrees with Alstry, it's a conspiracy!

If Alstry gets the market wrong, it's a conspiracy!

It's easy! You don't have to prove anything or even be held responsible for your record. You never have to admit you're wrong, if you're Alstry! Just yell hysterically and claim conspiracy wherever there is doubt. You never have to change your mind - just dig in your heels and ignore any information that doesn't fit your theory.

You're just as irresponsible and unaccountable as any analyst at Moody's, except you don't get paid for it, and you still can't get fired for being entirely wrong.

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#5) On September 14, 2010 at 1:34 AM, oshiri (< 20) wrote:

guiron-longwool . . . 

     You been drinkin'?

     And so much hostile too.

     Just remember, no one is accountable or responsible, just honest or dishonest.

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#6) On September 14, 2010 at 1:36 AM, alstry (35.52) wrote:

What conspiracy are you talking about?

New Home Construction is DOWN 90% and falling.

Auto sales DOWN 50%

Poverty rising at the fastest rate in history

Unemployment among young adults the highest ever

And nearly every city, county, state, and pension fund bankrupt or facing a massive financial crisis.........

Conspiracy....not a chance.....you are just a sociopathic Fool who doesn't give a blast about the next generation because you are a product of generation debt......

that is now being cut off of credit.......

the math is the math and $55 trillion in debt is what it is.....

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#7) On September 14, 2010 at 2:37 AM, ikkyu2 (99.30) wrote:

Warren knows that there is something more valuable than money, and that is power: the power to order and direct mens' lives, to command the natural resources of the earth and the vast labor of the populace; to erect factories and retain all the profits produced therein; to shape the world's financial markets into a rigged game.

How can I gain power in the new age, alstry?  That is the question we should all be asking. 

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#8) On September 14, 2010 at 7:34 AM, alstry (35.52) wrote:

ikky,

#7 could be the most profound statement/question any Fool has ever made on Caps........

What is your background?

Welcome to the Digital Age........

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#9) On September 14, 2010 at 9:35 AM, Dow3000 (< 20) wrote:

Best rant I have seen, keep up the good work Alstry.

 

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