Use access key #2 to skip to page content.

alstry (35.69)

Will Bernanke BANKRUPT America????

Recs

16

June 21, 2009 – Comments (16)

We know the mainstream media is lying to us.....WE KNOW BENNY B IS LYING TO US.....we know land is worthless in some areas......we know thousands of houses are selling below $10,000 and crashing in price in all areas......we know more and more businesses are going bankrupt.......we know millions are silently getting wages slashed or jobs eliminated completely......we are now starting to see massive layoffs in government and health care as bankers accept unprecedented handouts while schools shut down.

And what is Benny B and Timmy G doing????

NOTHING!!!!!!!!!!!!!!!!!!!!!  

They have committed over $12 Trillion dollars of your tax money to their banker buddies......$12 Trillion dollars we don't have(more than the National Debt)..........$12 Trillion nobody has...........$12 Trillion that could have capitalized a new HONEST bank............

and how are their banker buddies reacting to this?????

Goldman Sachs staff can look forward to the biggest bonus payouts in the firm's 140-year history after a spectacular first half of the year ... Staff in London were briefed last week on the banking and securities company's prospects and told they could look forward to bumper bonuses if, as predicted, it completed its most profitable year ever.
 

http://www.calculatedriskblog.com/2009/06/record-bonuses-on-tap-for-goldman-staff.html

SOMETHING IS VERY WRONG....VERY VERY WRONG......WHEN ALL OF THE TAXPAYER MONEY IS BEING REDISTRIBUTED TO THE CHOSEN FEW WHILE THE REST OF THE NATION ROTS........AND FOR THE VAST MAJORITY.....YOUR UNCLE SEEMINGLY DOESN'T WANT YOU AND ENJOYS WATCHING YOU ROT!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Since most of you can't even sense what is going on........even with things this bad, Bernanke's disinformation campaign is working for now.......but soon, things will get so bad that even the dead will realize what many of the living are oblivious to.......

But Benny B and his banker buddies can't let that happen.....because they know the entire nation will turn upon them..........my guess is that they are amazed that things have been permitted to progress this far without much consequence.....

It is getting very close for the necessary and planned distraction of the BIGGEST LOOTING of a nation in history.....if you are going to steal BIG....you must distract BIG.......

As much of the nations wealth has now been looted.....and most of the bankers have likely redistributed their profits.....other than to keep transferring taxpayer dollars to the bankers, there is not much left in America to serve Benny B and his banker buddies.......time for the mother of all distractions......

My guess is a major war......a major major war.........and one that we will likely lose if Benny B has his way.   At this junture, America doesn't have the finances to prosecute a major conflict, and if we do, the cost will undoubtedly bankrupt our Republic.   At the end of The War, we will be at the whim of foreign bankers(financed by Benny B's Buddies) to pillage and plunder what little remains of our zombulated nation.

You think this is simply a nighmare?????  My guess is most of you are awake when reading this.......

Prepare!!!!!!!  THE DISTRACTION is almost here.

 

16 Comments – Post Your Own

#1) On June 21, 2009 at 11:24 AM, alstry (35.69) wrote:

Is the time NOW??????

 • Report: At least 10 more deaths in Iran post-election unrest
• Rare rocket attack hits U.S. base in Afghanistan, 2 killed
• North Korea accuses U.S. of plotting nuclear war

Or is there still time for a little more looting before the sheeple become wolves?????

Report this comment
#2) On June 21, 2009 at 11:47 AM, dibble905 (92.01) wrote:

If you are implying that the banks of the world control too much (too big to fail), you are probably right. But, that's where my agreement ends. Why are you complaining about a company that borrowed from TARP, paid it back, and it is now paying a record bonus because it had a profitable year?

To be fair:

Shouldn't we be complaing about all the firms that jetison a bulk of their debt in court for pennies on the dollar (chapter 11) AND THEN become profitable/paying out large bonuses? Would you like GS to do that instead of borrowing short-term and paying it back?

You're barking up the wrong tree, Alstry.

Report this comment
#3) On June 21, 2009 at 12:16 PM, alstry (35.69) wrote:

They paid TARP back with a portion of TAXPAYER money they received from the AIG bailout.......TO BE FAIR!!!!!!

And GS's Blankenfein directed the AIG $$$$..To Be Fair.

It is obvious you have no clue what is going on!!!!!  To Be Fair.

 

Goldman Sachs could get $321M from missed WTC deadlines

GoldGoldman Sachs could get $321M from missed WTC deadlinesman Sachs Group could get up to $321 million if the state and city fail to meet construction and security deadlines at the World Trade Center site. Goldman Sachs is entitled to as much as $160 million if the state doesn't fulfill obligations on eight projects, including a transit hub and the memorial, by the end of the year, according to the 2005 lease. The firm also can recover an additional $161 million in rent from the city on the headquarters it is building on West Street downtown. According to Port Authority projections, almost none of the projects named in the ground lease will be finished by the end of the year, and the lease allows an extension to March 2010.  A spokesperson for the city Economic Development Corp. said the city is confident it will meet the lease's security provisions by the end of the year and avoid the loss of $161 million. Talks between developer Larry Silverstein and the Port Authority about the World Trade Center redevelopment have been extended until Monday.

Now that is Fair???.... A Company that Made tens of Billions from Tarp and only paid back a small portion of what they were given and now give employees Billions in bonus???

Dibble....now what were you saying about fair??????

Report this comment
#4) On June 21, 2009 at 12:20 PM, IIcx (< 20) wrote:

Here you go alstry -- have fun. I'm looking forward to your conclusions.

Best, IIcx

http://www.telegraph.co.uk/finance/economics/5586543/Is-this-the-death-of-the-dollar.html?state=target#postacomment&postingId=5595310  

Report this comment
#5) On June 21, 2009 at 12:28 PM, alstry (35.69) wrote:

Destroying the Dollar is effectively THEFT!!!!!!!  Handing the few remaining dollars to you buddies is THEFT on an unprecedented scale....

America is watching its Wealth stolen right in front of its eyes, in the open, and practically cheering it on.....it is absolutely amazing.  Even when a blogger like me brings it to their attention, few seem to want to accept the obvious.

At this point, War is becoming more and more likely to distract the American public....once we go broke prosecuting it, at least we will feel we deserved our fate.....F...ing Incredible!!!!!!!

Report this comment
#6) On June 21, 2009 at 12:47 PM, AdirondackFund (< 20) wrote:

To be fair, Obama has little choice but to play three-card-monty with the financial system in order to patch holes and losses incurred in the CDS markets, or they will all go broke at the same time.  This is really the problem.  The question is whether our fate is avoidable.  I don't believe that it is avoidable.  The system is not just badly broken, it is in fact wrecked. 

On another point.  Obama was told to shut up completely about Iran or risk war.  The more this guy talks about Iran, the more inevitable war becomes.  He needs to shut up about Iran.  We DO NOT have the money, resources, Industrial Base, or interest, in fighting with Iran.   This is a Star Wars moment and we are to leave other countries alone PERMANENTLY and let them decide their own fate. 

Your point on the 2.5 tillion in worthless paper is also right on target.  I have no idea who is going to buy this junk.  I'm not.  I can't imagine anyone else buying this crap paper either.

In 1873 we were hung on a Cross of Gold, today we are hung on a Fractional Reserve System.  The problem has nothing to do with the mechanism of markets, it actually has something to do with something else, far more horrifying but that can be easily understood, and is rooted in those words said by Caesar "The fault lies not in our stars, but in ourselves".  It is kind of complicated, but that is in fact what CAUSES these things and may simply be a defect of human personality and the true nature of our CHARACTER.  Perhaps this is why Christ came in the first place.  Christ only got angry once, it was in the presence of the money changers at the Temple.  Christ sent us a heads up and then asked us to change our nature.  It appears that we refuse to listen.   

To the Bastille Men!  

Report this comment
#7) On June 21, 2009 at 12:54 PM, IIcx (< 20) wrote:

Grab a paper bag and take a few breaths.

The USD is due to strengthen over the next several months. Oil, Gold, etc. are likely to decline over the same period as the markets retest the lows.

Life as we know it hasn't changed, inventories need to be restocked, the kids need vacation swim wear (if only for slip-n-slide in the back yard) as well as back to school cloths or laptops in the fall.

The major real estate issues are confined to a few states though I read an article recently about a county in Michigan that's bull dozing vacant homes and returning the land to nature. Makes sense for cities that are losing a significant portion of population to other areas.

A lot of belt tightening is about to happen at municipal, county, and state levels; taxes will increase. But, we've been here before and did just fine as Americans.

The link I posted is actually a opportunity to have some fun spinning a probable cause. Looking forward to your response.

Report this comment
#8) On June 21, 2009 at 1:06 PM, alstry (35.69) wrote:

llcx,

You simply refuse to accept your fate......my buddy is an ENT surgeon.....when people present with head and neck cancer.....there is generally only two choices when they present to him....certain death or cutting off half of the patient's face.....either fate sucks!!!!!

There is no way to maintain the strength of the dollar if you simply print trillions of dollars with no productivity.....our deficit is already over $2 Trillion(10X higher than a few years ago) dollars and will increase next year as a greater and greater percentage of GDP.

This is a positive feed back loop as you borrow more, more goes to interest payments requiring you to borrow more, and the sprial explodes until no one will lend you a dime and the economy collapses!!!!!!

It is not a question of "IF" at this point, simply one of When if we proceed down the same policy road.

 

By the way, you have NEVER been here before, the link you provided is simply speculation and conjecture......I prefer substantive data, just like the patients who present with my buddy with a full face......substantively, when the awake from surgery, the life as they know it is changed forever.

Report this comment
#9) On June 21, 2009 at 1:54 PM, IIcx (< 20) wrote:

http://www.calculatedriskblog.com/2009/02/2009-gdp-forecasts.html

What percentage of GDP does $2 Trillion represent? With increased savings, decreased GDP growth, and decreased trade imbalances...

Our fate is fine but we need to stop consuming and pay it off. Pulling out of the wars and refusing to police the world will pay it off in a few years with only modest tax increases.

Here's a crazy thought, let China police North Korea?

Report this comment
#10) On June 21, 2009 at 2:03 PM, alstry (35.69) wrote:

If we stop consuming, since 70% of our economy is the consumer, our GDP will implode and $2 Trillion will approach our entire GDP........

Once you are borrowing essentially your entire GDP.....hyperinflation is the only result because the only thing you can do is print as no one will accept your currency for trade.

This is the policy Bernanke is pursuing......or else we are ramping up for a MAJOR war.......my guess is BOTH!!!!!!

If you think things are bad now, you ain't seen nuttin yet!!!!

Report this comment
#11) On June 21, 2009 at 2:23 PM, IIcx (< 20) wrote:

Half of our country if not more is devoted to feeding the world and ourselves. With zero consumption beyond household needs, we're fine as a nation. Entertainment industry falls in the category of household needs so we might want to add that to the TARP funding :P

It's about time we put all those dormant mills, mines, and wells back to work. I wonder what this will do for the sewing machine and pattern industry?

Got a ways to go though, most kids don't know what lay away is. So much for the "its all about me" generations. 

Report this comment
#12) On June 21, 2009 at 2:36 PM, AdirondackFund (< 20) wrote:

@llcx

Look, I'm trying to find a way through this just like everyone else.  You are in fact correct.  The dollar will rally over the next few months as the stock market gets clobbered.  A rising dollar against the backdrop of a declining market is the best balance we can achieve and not lose foreign investors.  That's objective number one.  Objective number two is to CAUSE people to buy dollar demoninated BOND investments.  This is the hope and opportunity that is before the country.  Here's the problem.  Nobody will believe it.  Things wear out in time, especially investor psychology.  At what point do people decide enough is enough?  If we aren't there completely, at this particular point, we are at least there partially, which explains the anemic advance in stocks over the last month against the backdrop of a highly manipulative late day primal scream which now occurs nearly everyday in stock markets.  These are not the signs of a healthy market.  They are the signs of a Ben Bernanke 'B' Wave.  (Who doesn't like a little alliteration every now and again). 

Here's the point.  Incomes have fallen.  Asset prices have fallen.  Like the monkey in the tree who swings to the next vine, there has to actually be a vine to swing to, or we all fall down.  There are NO VINES for the Public right now.  They are being offered high risk plays EVERYWHERE.  That is a fact and cannot be denied.

Let's skip to the next piece of news.  There is no doubt that a massive disinvestment is ongoing amongst the Aristocracy in this country.  How do I know this?  Never mind.  But I know it for a fact.  Why is the Aristocracy reacting this way?  What are they afraid of?   I was out by the Lake at night with a friend of mine about a month ago and we spotted an 'orange star' in the southern sky that we presumed was Venus.  There's only one problem.  I checked, and Venus was not supposed to be there.  Venus had already gone down.  The primary stockholders in GM were the Duponts.  They liquidated the company.  Why?  On my recommendation?  No.  They listened and decided for themselves.  They also sold off (gave away) many of the Church of Christ Scientist properties that they created and turned them into Libraries, if they at all possibly could.  Many of these properties go back many generations.  I was successful in insisting that they sell their Real Estate (homes) in Tahoe and Reno, which they did (they didn't like the area anyway, so that was easy).  I then got them into gold on 7/07/07 with the proceeds from the Real Estate sales.  You see, the Duponts are seriously spiritual.  Seriously spiritual.  They refuse to see Doctors.  They hate crooks.  You would too, if you were them.  These people 'cry' over the state of spiritual vapidness in this country and they are NOT willing to support it anymore.  About two weeks ago, I sold all of my Gold, which I have been holding since 7/07/07.  Mystical numbers, you know.

Here's the rub.  The Iranians KNOW.  They are descended from the Kings of the East, who arrived with the gifts of the magi.  Iran KNOWS. 

Prechter is absolutely correct.  Read what Robert Prechter has to say about our current times.  He is more conservative than I am right now.  He is more afraid than I am right now.  Two weeks ago (these things take time to do), I wrote my clients and told them to liquidate their BANK ACCOUNTS and deposit the cash in a safe deposit box.  This is where things are headed.  The government is broke, the FED is broke, and soon the world will be broke.  What is everyone afraid of?  They must be afraid of something or they wouldn't be doing what they are in fact doing.

Here is the opporunity of a lifetime.  You want to run things?  You pay for it.  I'm out.  Prechter will tell you, you use any rally here to short stocks.  You don't daytrade the market, you don't flip positions, you get it right and hold on for the ride.  Prechter will also tell you that the hardest thing he ever did was to short the tops of Bear Market Rallies.  It is very difficult to do emotionally, but it is the only way to go if you want to trade.  Prechter will also tell you to cash out and sit on the sidelines and wait. 

Finally, in every instance when Mars and Uranus came to blows in the sky at 46 degrees, this Nation has suffered a Horrific Depression.  The first instance was the Revolution and the obliteration of The Continental (a currency) in 1783.  Then again in 1835, again in 1873 (this time on a 'cross of gold'), again in 1907 (soonafter the FED was established), again in 1929 (The Fed itself crashed), and again in Jan. of 2008 (The Nation's Finances Crashed).  This is truly bizarre stuff,  I admit.  But it might explain why the number one market timer over the last 25 years is an ASTROLOGER.     

 

 

Report this comment
#13) On June 21, 2009 at 2:57 PM, IIcx (< 20) wrote:

Thanks AdirondackFund

Here's the reality I'm seeing. From the point we first dropped the Gold Standard, the dollar stands for political promise. Not presidential promise, Political Promise as a nation.

It's not surprising that those who own the most protect it but it's actually worth nothing more then the ink and paper if it stands alone. Put it under your bed, in a safe, or in a grave and it's still worthless if it has not value.

The only thing that has "Real" value is land and a significant number of rights we enjoy are based on its ownership. Not the least but one of my favorites includes the right to quiet enjoyment.

Your concerns are justified when faced with the task of investment advise but the dooms day idea that our nation is bankrupt runs in the face of what the dollar actually stands for.

As long as we stand together, the dollar has untold value. Standing together doesn't mean we shouldn't reenact the town custom of riding the culprits out of town on a rail. Just kidding but those responsible will enjoy there's down the road.

Sounds like we're headed for an old fashion bond drive ;) 

Report this comment
#14) On June 21, 2009 at 4:10 PM, AdirondackFund (< 20) wrote:

There isn't enough cash in the system, in the aggregate, to pay for the projected 'needs' of the FED and what will be needed in the out years if we continue on our current course.  It is like running the car with the gas tank full and no oil in the engine.  You need cash (oil) to pay for things.  This is the point of greatest danger.  The Bonds sold for WW II ended up nearly worthless, simply because of a phenomena described by Jesse Livermore known as an 'oversubscription of shares', a phenomena currently at work in Bank Stock Shares.  Even if the Government is successful in marketing it's Bonds, it will be at vastly lower prices.  Who wants that?  The FEDS hands are tied here.  I see no way out, except down very hard, very sharply and for a fairly prolonged period of time, until savings and cash can be accumulated again.  This is probably why Mr. Roger's new neighborhood is China, where the poor people live and land and currency speculation have yet to occur. 

The point that people are missing in Alstry's analysis is the circular flow of concentric contraction and the 'delta' rate of change models that go with it.  The rate of illiquidity becomes rapid at certain points and smooth at other points, the second before it then becomes rapid again.  We are at the smooth point, or the inflection in rate of change shortly before it speeds up again.  You have to always keep in mind that auction markets rely on cash bids.  This is also why markets are rallying on low volume and proves Specialist manipulation of price, even in the face of an absence of bids.  But this cannot go on very long simply because the markets are cash short.  The floor has been bought by the Government and the Press is doing it's bit to happy talk the U.S. Economy.

If this is the best we can do, we are in very dire straights indeed.  We are resting on a thin reed...and it will break.  It will break at the point at which the Bond Offerings fail.  Then it will be obvious to all what is in fact occurring here, while interest rates rocket to the moon and our economy runs out of cash again.  The mere fact that Gasoline prices are at $3 tells you what is coming.  With Oil at $70/barrel, gasoline should be at $1.75-$2.00.  The $barrel/$gasoline ratio is completely out of whack and it is sucking the last blood out of the economy, just as it did last July before President Bush released the Strategic Oil Reserve, a move which proved to be too little too late.  Higher gasoline prices ( as well as other prices) will trip the rate of change in concentric contraction, and this is in fact what is occurring at this very minute.   The Federal Alibi that inflation is near is all the rationalization that is needed to cause merchants to raise prices and steal credits, which they are already doing.           

Report this comment
#15) On June 21, 2009 at 4:27 PM, ralphmachio (24.57) wrote:

Thanks for the insight, Adirondack.  Are you suggesting that i might be right shorting the banks, but that there will be no money to pay me?  If what you are suggesting plays out, what value is the dollar anyway?

i am very surprised to hear the Duponts are spiritual, and even more surprised to hear they don't like crooks.  From what I've read, they were instrumental in hemp prohibition, which to this day affects minorities, the oil industry, the plastics industry, etc., etc.  If they are in fact responsible, even in part for the prohibition of hemp, they can pray all day, and all night, they're goin straight to HELL, if such a place exists.   

Report this comment
#16) On June 21, 2009 at 5:19 PM, AdirondackFund (< 20) wrote:

No, you will get paid in the market, it is a zero sum transaction.  The problem is what do we do after that.  I'm still scratching my head on that one....but so is everyone else.  It is probably too soon to really know.  I'm just worried about today and tomorrow, next month....but definitely not next year.  It is way too soon to speculate on where this is all headed and there is a lot of differing opinion.  We just don't know yet. 

I missed your points on the Duponts and hemp.  Are you saying they are pot smokers or not pot smokers?  If you are talking about fibre strands for inductrial ropes and parachutes, I assure you their invention of nylon is what allowed us to drop parachutists behind enemy lines and was largly responsible for the defeat of Hitler.  You know, the Normandy thing?  The only available material before nylon was silk, for parachutes, and frankly silk is kind of pricey if you're trying to run a war.

I'm pretty sure the Duponts are not pot smokers, though I could be wrong.  They don't drink, smoke, or anything, as far as I know.  They're sort of Amish that way.  They did install America's first fully handicap accessible public Ice Hockey Rink, complete with a one story elevator (kind of pricey to put in for just one floor), in the town they once called home, shortly before bugging out.  It was a going away present.   They do alot of good in America and you never hear a peep out of them.  Everything they do is more or less anonymous.  It's a religious thing with them.  In fact, I would be surprised if there is even a single plaque honoring any contribution they have ever made. 

Report this comment

Featured Broker Partners


Advertisement