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alstry (35.42)

You KNOW 9.09 Is Getting Closer....

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August 14, 2009 – Comments (8)

We are being distracted with a few hundred billion dollar health care "reform" issue while we are running over a $2 Trillion dollar deficit.  Sorta like the turkey getting fed well just before the farmer cuts his head off?

When a patient presents with an arterial bleed, the fact that he has a broken leg really doesn't matter until you stop the bleed.  Why are we worrying about reform when we can't even pay for health care?  WE HAVE A $2 TRILLION DOLLAR DEFICIT.....WHAT IS A FEW HUNDRED BILLION DOLLAR HEALTH CARE REFORM?

You know you are being misdirected when the Timmy the G tells you things are stabilizing and the biggest bank failure of the year just occured tonight.....along with four other failures on the same day.

If the primary dealers cut off America from borrowing any morre....the lines at the food banks will be tens of thousands of people long as tens of millions are dependent on government handouts to eat every month. ..... A social safety net that didn't exist in The Great Depression that taxpayers are paying for today.....actually nobody is paying for it today as there is not enough money to pay for it.

If Obama tries to print over $2 trillion dollar simply to pay welfare, it will not take too long before our currency is worthless.  Otherwise, he could tax the top 10% of taxpayers $200K per year so our currency could remain stable like it did in The Depression......how do you think that one will go over?

These are the numbers, these are the facts......yet we are being distracted with something we can't even afford to reform as America continues to shut down.......UNTIL WE RESTRUCTURE DEBT.

August is hitting downtown Sacramento's well-heeled Capitol corridor especially hard. Not only are state employees on a "Furlough Friday" schedule, the Legislature's on vacation and municipal workers are taking furlough days, too.

http://www.sacbee.com/

If we don't restructure existing debt in America to 1/2%.....America will continue to shut down.  Today we lost a bank employing 5000 taxpayers....last week we lost a mortgage company employing a similar number of taxpayers.....as we keep losing taxpayers, there will be fewer and fewer forced to pay more and more in taxes to support our nation.

Once you learn that by permitting Credit Default Swaps, the FED effectively encouraged the over leveraging of America without regard for ability to repay..... and by raising interest rates 17 times.....the FED knew it was going to destroy of our economy without warning the citizens.

Alstry was warning, but few were listening.

Until Timmy the G and Benny the B start talking about restructuring debt for America, just like they did for their Wall Street buddies, our nation's economy will continue  to evaporate into oblivion where the bailed out bankers will own title to practically everything in the nation.

It is time we demand that citizens, businesses, hospitals, cities, counties, states and the Federal Government should all be permitted to borrow at twice the rates of banks.....1/2%.....

Until we restructure the current $50 trillion of mortgages, HELOCS, auto loans, credit card debt, commercial real estate debt, municipal debt, corporate debt, and government debt.....those few holding Credit Default Swaps financially gain from the destruction of the American economy by getting paid when loans default while the rest of the nation loses their livlihoods and go broke.

And those trying to compete against businesses that have their debt swapped, they are screwed because they simply can't afford to operate at an indefinite loss without shutting  down.  Through swaps, the fed encouraged its banks to destroy our economy by infecting  it with a lethal dose of debt.

After enough loans default, America's citizens and economy will be economically dead....Welcome to the new policy of the Federal Reserve....destroy the American economy so their banker buddies can get rich and own title to all of the natural resouces in America as financial services is no longer profitable.

Now do you think Benny the B and Timmy the G are going to let you learn about their plan?....or are they going to create a BIG distraction first?  Heck, if they get rid of 100,000,000 of us, think of all the money they could save from paying Medicare, Medicaid, Food Stamps, Welfare, Unemployment, and Social Security....Trillions my friends...trillions.  Maybe that is why we are being distracted with health care reform and not discussing the deficit?

Sometimes you have to cull the herd to save the rest.....do you think this could be Benny's plan?  Maybe it's time we cull the Fed and Wall Street banks and get back to sound lending practices.

9.09 or restructure debt......Evil triumphs when the good do nothing....you better start doing something soon.

8 Comments – Post Your Own

#1) On August 15, 2009 at 2:16 AM, alstry (35.42) wrote:

MUCH CLOSER...

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#2) On August 15, 2009 at 7:08 AM, JerseyShoreGirl (< 20) wrote:

Alstry ... Right on that the healthcare debate is just a distraction; the house is burning and we're picking out new furniture!

And I agree that something BIG is brewing; it's hard to see exactly what the end game is but with so much rampant corruption, this can't end on a good note.

But why would they "destroy the American economy so their banker buddies can get rich and own title to all of the natural resouces in America as financial services is no longer profitable."?????  Why would they do this?  What's their goal?

Could it be this?  This link may have a few more pieces of this puzzle ...

http://www.youtube.com/watch?v=eAaQNACwaLw

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#3) On August 15, 2009 at 8:09 AM, weg915 (< 20) wrote:

Tacomatight-

If you don't like alstry's blogs -- STOP READING THEM. 

You're an adult -- cope.  

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#4) On August 15, 2009 at 9:56 AM, rofgile (99.32) wrote:

Well, Alstry has been claiming 9-9-09 is the point where we should see the hugely negative effects in the US and reflected in the stock market.

If we are instead starting an economic recovery in September, and the stock markets are still rising -> then I think we will start to see that Alstrynomics is just hot air.

 -Rof 

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#5) On August 15, 2009 at 10:57 AM, alstry (35.42) wrote:

BEFORE 9.09....We have learned the FDIC is out of money due to massive bank failures this year:

http://globaleconomicanalysis.blogspot.com/2009/08/as-of-friday-august-14-2009-fdic-is.html

Amazing.....and even more amazing at the complacency of the society on such an important issue.  If the recourse is simply to print nonexistent money, then one has to ask........will money, as we currently define it, really have much legal significance going forward?

In the past, EVERYTIME a nation simply monotized its debt, its currency eventually became effectively worthless.  Maybe it helps explain why foreign nations are now selling our debt. 

No nation in the world will simply let another print unlimited amounts of currency to simply satisfy a seemingly unending need to spend. 

Soon the currency loses credibility and few will accept it for value......how close are we getting to the point where if we simply print, the world gets the hint?

Imagine the consequences to our society if it takes $100,000 of our current dollars to purchase a gallon of gas.

We are just one failed bond auction away from the time....

9.09

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#6) On August 15, 2009 at 12:38 PM, weg915 (< 20) wrote:

Tipping point.  

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#7) On August 15, 2009 at 1:04 PM, VintageCat (< 20) wrote:

And those trying to compete against businesses that have their debt swapped, they are screwed because they simply can't afford to operate at an indefinite loss without shutting  down.  

I can confirm the truth of this.  The playing field is not level for businesses that run on cash versus those that use other people's money in the form of credit and debt.  Those cash businesses running in the black, expanding/upgrading as they can afford to, paying their bills on time should be strong but right now the world is upside down and it's hard for those that won't play fast and loose with their or other people's money to get and stay ahead of the competition that doesn't have those same concerns.  

We have a big mess on our hands and I have no confidence that our leaders will do the right thing unfortunately.  This ant is pretty much assured that we ants will be paying for the poor judgement of the grasshoppers in the very near future ruining us all.  

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#8) On August 15, 2009 at 2:16 PM, Nosignal100 (< 20) wrote:

Vintage,

This is not poor judgment...it is intentional/reckless behavior.

You know if you keep lending money to money losing businesses....the legitimate businesses will never be able to compete.

Credit Default Swaps actually reward banks for making bad loans.

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