Zombulator Wants ALL Your $$$$$$
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.