Use access key #2 to skip to page content.

alstry (35.03)

Zombulator Wants ALL Your $$$$$$

Recs

12

May 21, 2009 – Comments (3)

May 21 (Bloomberg) -- Former Federal Reserve Chairman Alan Greenspan signaled that the financial crisis has yet to end even as borrowing costs tumble, warning that U.S. banks must raise “large” amounts of money.

“There is still a very large unfunded capital requirement in the commercial banking system in the United States and that’s got to be funded,” Greenspan said in an interview yesterday in Washington. He also said that “until the price of homes flattens out we still have a very serious potential mortgage crisis.”

NO KIDDING AL.......Alstry has been blogging this FACT time and time again for the past few years.  If we took every dime every American had in savings and applied it to pay down debt.....we would still have serious issues.

Welcome to the world of Zombie Banks leading to Zombie Nation due to the effects of the Zombulator.

You are seeing the effects everywhere as money is sucked out of the economy and used to keep the banks alive....the Zombulator is taking revenues that would have been spent for goods and services....as a result sales are slowing down, jobs being cut, businesses shutting down, profits declining, and tax revenues evaporating, families defaulting on debt, and foreclosures exploding through the roof.....as the bankers who want your money tell you about green shoots.

Alstry's little secret......the banks have recklessly lent so much money in recent years that if we took every dime in every Americans' savings account and gave it to the banks....the banks would still hold trillions of debt ready to default due to an inability to service it. 

Now you know the destructive effects of the Zombulator as Geithner and Bernanke keeps tricking  you into handing over more and more money to keep the Zombie Banks alive.  These guys simply fail to tell you that the banks are dead and you will need to keep feeding them until we all run out of money. 

And when you run out of money...the banks get to foreclose on your assets.  This process continues until the banks own all of our assets.

The ultimate question is who do our politicans in Washington work for.....the American People or the American Banks........an interesting question indeed............

Further, Alstry does not hold any anger to bloggers who failed to see this earlier and continually attacked Alstry's warning.....for most of you, the opportunity to take Zombulator 101 was not available because it was only offered by the Institute of Alstrynomics.

3 Comments – Post Your Own

#1) On May 21, 2009 at 9:03 AM, 4everlost (29.50) wrote:

I think somebody should invent a new player called Zombulator.

Report this comment
#2) On May 21, 2009 at 9:27 AM, alstry (35.03) wrote:

The Zombulation Effect just took another 631,000 jobs this week....we have been losing over 600,000 per week for who knows how many weeks now......

America simply can't sustain losing over 600,000 per week.....week after week.....month after month......without serious social consequences developing.

This is not doom and gloom talk....it is simply the facts.  Just because we have have bloggers like Deej, or Donner, or others that have a difficult time dealing with reality or the effects of the Zombulator........it does not make the consequences any less severe.

We are dealing with families being thrown out of their homes, children going hungry, businesses with long histories watching revenues evaporate and shutting down.  The lifestyle of America and Americans as we knew it is changing rapidly.

Just sit back and watch....it is happening all around you.  The Zombulator and the FU virus is now in your neighborhood. 

At 600,000 job losses per week.....it will not be long before many of the CAPS players will be out of work....just do the math.....expecially now that it is becoming harder and harder to find a job.

You must learn to appreciate the power of the Zombulator....soon it will be coming after you.  As Alstry told you a few weeks ago...The Zombulator is the Mother of All Economic Weapons of Mass Destruction......and there is no known avoidance other than its destruction.

As this process continues....we will all be eventually broke....simply because if you are the only one in your community with wealth.....your community needs ALL your wealth to sustain itself....

Prepare....make friends with your neighbors.....they may be your roommates.

Report this comment
#3) On May 22, 2009 at 5:15 PM, AdirondackFund (< 20) wrote:

No consistency in trading today, but that's typical for a Holiday Weekend.  I sold the FAS to a stray in the Aftermarket this morning who was bidding at $9.43, trades had already hit in the morning at $9.50, so I bailed.  RIFIN now looks sickly having tried to rally today and then selling off to a loss at the close, finishing at or near the bottom on the day.  Bought FAZ at $5.45 shortly before the selloff in the last 30 minutes.  I didn't think anyone would want to hold shares over the weekend with the Index turning down in the last hours of the day and a three day weekend looming.  It's the quick and the dead out there right now.  I haven't seen it this fast and furious since about 1987.  Lots of profit opportunity if you're fast.  If you are not, you're going to get run over in this market.  If you don't know exactly where the stock is supposed to go in about 5 minutes, you're wrong.  It is that kind of market.  When markets don't trade evenly, they fall quickly.  The wholesale selloff of the major averages in the last hour isn't good. 

The jobless claim numbers are still increasing, hitting new summation highs every week.  They still aren't as high as the 1982 recession, in fact almost the same number,  and we had fewer workers in 1982 than we do now.

 

Here's the link

http://online.wsj.com/article/SB124290872419043063.html?mod=sphere_ts&mod=sphere_wd

TGIF.  

Report this comment

Featured Broker Partners


Advertisement