The Beginning Of The End
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Rotting, Decaying And Bankrupt – If You Want To See The Future Of America Just Look At Detroit

The Future Of The United States - Photo by Albert DuceEventually the money runs out.  Much of America was shocked when the city of Detroit defaulted on a $39.7 million debt payment and announced that it was suspending payments on $2.5 billion of unsecured debt, but those who visit my site on a regular basis were probably not too surprised.  Anyone with half a brain and a calculator could see this coming from a mile away.  But people kept foolishly lending money to the city of Detroit, and now many of them are going to get hit really hard.  Detroit Emergency Manager Kevyn Orr has submitted a proposal that would pay unsecured creditors about 10 cents on the dollar.  Similar haircuts would be made to underfunded pension and health benefits for retirees.  Orr is hoping that the creditors and the unions that he will be negotiating with will accept this package, but he concedes that there is still a "50-50 chance" that the city of Detroit will be forced to formally file for bankruptcy.  But what Detroit is facing is not really that unique.  In fact, Detroit is a perfect example of what the future of America is going to look like.  We live in a nation that is rotting, decaying, drowning in debt and racing toward insolvency.  Already there are dozens of other cities across the nation that are poverty-ridden, crime-infested hellholes just like Detroit is, and hundreds of other communities are rapidly heading in that direction.  So don't look down on Detroit.  They just got there before the rest of us. (Read More....)

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Rise Of The Droids: Will Robots Eventually Steal All Of Our Jobs?

Rise Of The Droids: Will Robots Eventually Steal All Of Our Jobs? - Photo by stephen bowlerWill a robot take your job?  We have entered a period in human history when technology is advancing at an exponential rate.  In some ways, this has been a great blessing for humanity.  For example, I am absolutely blown away by all of the things that my little iPod can do.  But on the other hand, all of this technology is eliminating millions upon millions of high paying jobs.  In the past, I have written extensively about how millions of American jobs have been sent to the other side of the world, but now we may be moving into a time when workers all over the planet will be steadily losing jobs to super-efficient robots.  For employers, robots provide a lot of advantages to human workers.  Robots never complain, they never get tired, they never need vacation, they never show up late, they never waste time of Facebook, they don't need any health benefits and there are a whole lot of rules, regulations and taxes that you must deal with when you hire a human worker.  In the past, robots were exceedingly expensive, and that limited their usefulness in the workplace, but as you will see later in this article that is rapidly changing.  As robots continue to become even more advanced and even less expensive, will there eventually come a point where the "human worker" is virtually obsolete? (Read More....)

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How To Find A Job: Just Be Willing To Flip Burgers And Work For Minimum Wage

Do you want to know how to find a job in America today?  It's easy.  Just be willing to flip burgers, wait tables or welcome people to Wal-Mart.  You must also be willing to work for close to minimum wage with no health benefits.  It's not that complicated.  On April 19th, McDonald's is going to be holding its first "national hiring day" and it will be attempting to fill 50,000 positions.  Hundreds of thousands of applicants are expected, so if you are going to apply be ready for some stiff competition.  McDonald's held a similar event last year in its western region and 60,000 people applied for just 13,000 jobs.  But if you are one of the lucky ones, you too may soon be flipping burgers for minimum wage.  Who said that finding a job was hard and that the U.S. economy doesn't work anymore?  All of us just need to be "flexible" and we all need to be willing to adapt to the "new economic reality". (Read More....)

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