The Beginning Of The End
The Beginning Of The End By Michael T. Snyder - Kindle Version

The Prepper's Blueprint

Don't Buy Survival Food Until You Read This - If you stockpile the wrong foods, you could be setting your family up to starve. It sounds harsh, but the truth is too many people with good intentions are making critical mistakes with their food stockpiles. Watch this video now >>
The End of Obama? Approaching Obama scandal could change the White House Administration and our country overnight... Click Here
Gold Buying Guide: Golden Eagle Coins

Archives

The Mystery Of The Shemitah

The Twinkie That Broke The Economy’s Back?

Can you hear that sound?  It is the sound of the air being let out of the economy.  Since the election, there has been a massive tsunami of layoffs and business failures.  Of course the company that is making the biggest headlines right now is Hostess.  On Monday, Hostess will be in a New York bankruptcy courtroom as it begins the process of liquidating itself.  Needless to say, Twinkie lovers all over America are horrified.  Many are running out to grocery stores and hoarding as many as they can find, and some online sellers are already listing boxes of 10 Twinkies for as much as $10,000 on auction websites such as eBay.  Well, there is really no reason to panic.  It is very likely that another company will purchase the Twinkie brand and continue to produce them.  In fact, it is already being rumored that a Mexican company may have the inside track.  But even though the Twinkie may survive, the failure of Hostess is yet another sign of how weak the U.S. economy has become.  Approximately 18,500 Hostess workers will be losing their jobs, and even if some of them are rehired by the company that takes over the Twinkie brand, the truth is that those workers will almost certainly be looking at greatly reduced pay and benefits.  Sadly, we are seeing this kind of thing happen all over America.  Large numbers of once thriving businesses are either shutting down or laying off workers.  Overall, the failure of Hostess is not that big of a deal for the U.S. economy.  But we may look back someday and remember Hostess as a symbol of the economic problems that were unleashed by the election of 2012.  Since November 6th, a wave of pessimism has swept over the economy and we are now seeing some of the worst economic numbers that we have seen in more than a year.  Many fear that we may have reached a tipping point and that things are only going to get worse from here.

Sadly, the reality is that Hostess is not the only iconic American company that is in a huge amount of trouble right now.  Sears just announced a loss of nearly 500 million dollars in the third quarter.  Sears has been bleeding money like this for a couple of years, and if they continue to do so it will just be a matter of time before Sears is headed for liquidation as well.

Can you imagine trying to explain the Sears catalog and Twinkies to future generations in a world where those things no longer exist?

Our world is changing at mind blowing speed, and the pace of change is only going to keep accelerating.

A few days after the election, I wrote an article about the huge number of layoff announcements that we saw after Barack Obama won.

Well, it has gotten even worse since then.  The following is a partial list of the layoffs and job losses that have been announced since November 6th...

Abbott Labs 700
Activision 30
Adventist Health 48
Airlines SAS 6000
AMD 400
American Cotton Growers 110
ArcelorMittal 20
American Independence Museum 4
Ameridose 790
American Airlines 4400 + 800 leaving voluntarily
American Coal 54
Atlantic Lottery Corporation 16
Assc Milk Producers 130
Aveo Oncology 45
ATI 172
Bankia 5000
Bechtel Power Corp 277
Bigpoint Games 47
Boston Scientific 1200
Brake Parts LLC 75
Brattleboro Retreat 31
Bristol Myers 500
Career Education 900 + Closing 23 Campuses
Cigna 1300
Citigroup 100
Commerzbank 6000
Consol Energy in W.V. 145
Covidien 595
Crouse Hospital Syracuse NY 70
Cummins 150
CVPH 27
DEP in Tallahassee FL 15
DuPont, Co. 64
Eagle-Tribune, Andover 21
Emanuel Medical Cente 24
Energizer Holdings 1500
Ericsson 1550
Exide Tech, Laureldale 150
City of Findlay, OH 39
First Energy 400
Gameforge Berlin 20
Gamesa Energy 92
GenOn Energy Inc 33
Glen Falls Hospital 29
Groupon 80
GT Advanced Tech 165
Harris’ Broadcast 17
Hawker Beechcraft 400 + Facilities closing
Hill Rom 200
Hills Holdings 300
HMX Group 567
Hostess 627
Iberia Airlines 4500
ICM of Colwich 25
ING 2350
Judson University 21
Juniper Networks 500
Kaiser Permanente 84
Kinetic Concepts 427
Kratos Defense Security 125
Lackawanna County PA 11
Lightyear Network Solutions 12+
Lonza 500
Majestic Star Casino/hotel 80
Major Wind Company 3000
Martha Stewart Living 70
Medtronic 1000
Mills Manufacturing NC 68
Momentive, Inc. 150
Monitor Group 235
Montco Behavioral Health/Dev 58
NBC 500
Nebraska Medical Center 38
Neovia Logistics Services 52
New Energy 40
Ormet 200
Panasonic 10000
PayPal 320
Penn Refrigeration 40
Penske Logistics 50
Pepsi 4000
Philips Electronics 218
Pierce Mfg 325
Pratt & Whitney Rocketdyne 100
Research in Motion 200
Rheem Manufacturing 50
Sentry Foods 70
Shaw’s Supermarket 700
Shawano foundry WI 90
Smith & Nephew 770
Smithfield Packing Co. 125
Solel Solar Systems 140
Southeastern Container 15
SpaceX 100
SRA Intl Inc 222
St. Jude Medical 300
Stryker 1170
Sulake 60
Sun Media 500
TE Connectivity 620
TECO Coal Corporation 90
Texas Instruments 1700
The Providence Journal Co 23
TMX Group Ltd. 100
Turbocare 220
Turkey Point Nuclear Plant 277
Oce North America, Inc. 135
Turbocare OCE 220
UBS 10000
US Cellular 980
UtahAmerican Energy Inc 102
Volvo Trucks Pulaski County 300
Wake Forest Baptist Medical 950
Welch Allyn 275
West Ridge Mine 102
Westinghouse 50
World Media Enterprises Inc 105
WPS Health Insurance 600
Wright Patterson AFB 115
Wyodak Coal Mine 11
Xerox 2500

Sadly, the list actually keeps going.  You can view the remainder of the list right here.

Even companies owned by Obama supporters are laying people off.  Just check out this excerpt from a report by CitizenLink...

A corporation whose part owner gave $2 million to a group committed to re-electing President Obama announced this week that it will be forced to lay off more than 1,000 employees in lieu of the financial hardship imposed by the president’s signature health care law.

Overall, more than 100,000 job losses have been announced since the election.  It is almost as if the election was the straw that broke the camel's back.  Everyone in the business community that had been hoping for something different now realizes that no change is coming.

Meanwhile, Obama continues to pour on even more rules and regulations.  According to CNSNews.com, the Obama administration has posted a total of 6,125 regulations on its reguations.gov website during the past 90 days.  Our politicians are clueless and they simply don't understand what they are doing to the business community.

But of course this goes for politicians from both sides.  For decades we have been consuming far more than we produce and spending far more money then we bring in, and most of our politicians seem to be under the delusion that this can continue indefinitely.

The other night my wife had me watch a documentary entitled "The Queen of Versailles" that followed the lives of time share mogul David Siegel and his wife Jackie.  I found it to be a perfect metaphor for what America is going through right now.  David Siegel built the greatest time share empire the world has ever seen on a mountain of easy money and cheap credit.  At the beginning of the movie, David and Jackie were living the high life and were constructing the largest house in America down in Florida.

Well, things dramatically changed when the financial crisis of 2008 struck.  Suddenly nobody wanted to lend to David's company and the house of cards started to crumble.  But even though they were facing massive financial problems, Jackie found it incredibly difficult to adjust her lifestyle.  She just kept spending and spending and spending.

It would be easy to pass judgment on David and Jackie, but the truth is that they are a perfect example of what this entire country is going through.  Thousands of businesses are failing, our economic infrastructure is being gutted, millions of jobs are being shipped overseas, our financial system has become a gigantic casino and we keep piling even more mountains of debt on top of the mountains of debt that we already have.  We have been living way above our means for so long that we don't even have any concept of what "normal" is anymore.

If you have not seen "The Queen of Versailles" yet, I encourage you to do so.  Don't watch it to laugh at the downfall of David and Jackie Siegel.  They are just trying to make their way in this world like all of us are.  Rather, watch for parallels between their lives and what the United States is experiencing as a whole.  As I mentioned earlier, I found their story to be a perfect metaphor for what is happening to this entire country.  You can find the trailer for "The Queen of Versailles" right here.

As the economy falls apart, it is going to be really easy to point fingers at one another and blame one another.  But what will really be needed is more love and compassion.  A lot of workers at Hostess and a lot of other good companies just lost their jobs.  The unemployment epidemic in this country is going to get a lot worse.  These people are going to need our love and support.

In the end, we are all in this together.  The coming economic storm is not going to be averted, but we can choose how we respond to it.  Hopefully the crisis that is coming will bring out the best in many of us.

Be Sociable, Share!
  • http://twitter.com/ChartistFriend ChartistFriendPgh

    Excellent article, Michael. The crisis is certainly bringing out the best in your writing ability.

    • MichaelfromTheEconomicCollapse

      Thank you for saying that. I was concerned about how my articles were coming out recently, because I have been writing with only one fully functioning eye.

      But the inflammation in my right eye is going down and so hopefully I will be back to “normal” soon. :)

      Michael

      • http://twitter.com/ChartistFriend ChartistFriendPgh

        Your third eye vision is sharp – that’s all that matters.

    • ZipR22

      Michael… This economy is in a sad state.
      No need to cover it up, let people realize it. Its much worse list than what was copied above

      Check it out: Dailyjobcuts com

  • mainstreeteconomist

    Our politicians are clueless and they simply don’t understand what they are doing to the business community.

    Michael

    Our politicians have access to the best financial analysts in the world and have a perfect understanding of what they are doing:

    (1) Destroy the American Middle Class.

    (2) Bankrupt the US Government.

    (3) Concentrate global wealth in the bank accounts of multinational corporations.

    (4) Bail out and take over the US Government.

    (5) Finish implementing the New World Order.

    PS: I love Mexican bakeries but I will not buy any Twinkie made in China or Mexico!

    • http://profile.yahoo.com/XFAEMN7TP3UPWEAV7KPNZQ33LM Paul

      How can we feel sorry for the people losing their jobs at Hostess? They voted to reject the companies offer and sent it into liquidation. How can we feel sorry for the people who voted to re-elect the Food Stamp President. They have voted to sink the economy and we are all going down together. It’s fine to feel sorry for them, but this doesn’t change the fact that they are stuck on stupid and everyone has to pay the price for it.

  • voltaic

    On average there are nearly 400,000 layoffs, of covered unemployment, workers each WEEK throughout the country. Job losses among others, non-covered unemployed makes that total higher. To put your listed layoffs into perspective, you probably listed 15%, 40,000, or so layoffs? I didn’t add them up. That’s 15% of one week’s total and don’t forget that Sandy is the cause for many short term layoffs as well. While a recession is certainly possible, to blame all those layoffs on the election is hyperbole and fear based.

    • condaggitt

      True but the new jobs created are not as good paying as your last job

      My brother ran into a NEW scenario for Pay:

      HVAC tech $24 an hour, job contract ended building sold…. the owners got a new building to maintain same job..same company now $19hr because they bid low to get the job…

  • Jodi

    I don’t really like Twinkies, so even if somebody else does make them, it won’t matter to me. But I’m truly sorry all those people lost their jobs. The news of all the job losses since this election has been so depressing. Is there anybody in our government that is going to stand up and do the right thing? Anybody? And I’m so sick of this president posing in photos with celebrities like we saw over the weekend with that Olympic champion. Anything to make the POTUS look normal. It’s really sad.

    I would also like to point out that Sears in my county is closing after Christmas. They made that announcement after last years dismal Christmas season.

  • condaggitt

    Hostess worker reacts to closure

    usatoday (DOT) com/media/cinematic/video/1708899/

  • Jagrick

    Not sure if true or not but i read that the striking workers at Hostess was only making $15 an hr.

    • JustanOguy

      Better then Zero $$ an hour.

      • http://www.facebook.com/sharon.jarvis.100 Sharon Jarvis

        So what? Hostess is controlled by vulture investors who complain about the workers while paying themselves huge salaries, bonuses and fees. While they claim the current bankruptcy is due to the unions, they’ve just asked the bankruptcy court for permission to pay themselves more big bonuses. I guess they can’t squeeze any more money out of the workers so they’re firing everybody and I bet the company gets shipped to China. Hey, a worker in China gets $3 a day–I bet you and the rest of America would love to be making $3 a day right now.

        • JustanOguy

          Sharon Jarvis — Well… now after it goes BK, sold off and shipped to Mexico, the “vulture” investors won’t be making huge salaries, bonuses and fees either.

          Happy??

          And that’s the problem with the thinking of people like you…. you think businesses like this can’t just pack up and move to another country. If the Unions really had the best interest of the workers, then they would take all of those dues / slush pension funds and buy out these companies and run them the way people like you want them to be run. (And there is nothing wrong with that. You own it… run it the way you want to. Pay the employees $100 an hour and nobody will care. Nobody has any problems with that.)

          Ever hear of “Employee” owned companies? Stop complaining and start doing it instead of complaining about how much the “vulture investors” make. (Even though if they were really making a ton here, then they would not be shutting down. Ever stop to think that their ROI is terrible?)

          Regardless… at the end of the day it was just a poorly managed company saddled with pension obligations and a Union that lost their bet and cost over 18,000 jobs.

          What are you going to do? Protest and not buy any Twinkies? Go right ahead… whatever.

          • http://pulse.yahoo.com/_EBHGFRHLLRPNQSU4N5JBSHJ7AA Jessy S

            The vulture investors will just move on to the next company after they are done with Hostess. In any case, what they are doing to the company is horrible because the executives give themselves huge pay raises while hurting the little man. Eventually the company goes under and gets sold off while the executives make a profit and then buy into another company where they repeat the process.

          • http://www.facebook.com/sharon.jarvis.100 Sharon Jarvis

            Excuse me, but they will be making huge salaries, bonuses and fees from the next company they take over. That’s what vulture capitalists do. The reason they are shutting down Hostess is that there’s still more to steal; the bankruptcy will allow them to sell off the assets, steal the pension fund, and then what’s left will be bank debt which fool taxpayers like you end up sucking up. You are too stupid to understand that the debt is passed on to the public.

            As for employee owned companies, did you know some states prohibit this? I bet their Republican legislatures passed those laws.

            And I don’t eat Twinkies.

        • 2Gary2

          Thanks Sharon–I was hoping someone would point this out. As the management and vulture capitalists were giving them selves 80million salaries and bonuses they were asking the workers to take a pay cut. I am glad they are now gone./ We do not need bottom feeder companies like this one. We have to stop the walmartinazation of this country and stop the race to the bottom.

          • El Pollo de Oro

            2Gary2: And when these corporate vultures move to Third World hellholes where they can get away with paying the locals slave wages, they are going to get a very nasty surprise: The Desperate People Doing Desperate Things Tax. When the wife or daughter of a CEO in Honduras, El Salvador or Guatemala has some missing fingers or some cigarette burns on her face, you know that: (1) the bodyguards were either shot or paid off, and (2) the DPDDTT collectors didn’t get the ransom soon enough.

      • condaggitt

        If you have no debt, paid off car, safe drivers (or no car and good public transportation) …you can live on $15 even in NYC not great, probably not by yourself…. $100 unlimited metro card) but no cutoff or eviction notices for non payment……anywhere else you’d be rich

        • JustanOguy

          From what I can pick up in our area about the plant employee incomes that were all just laid off, the average annual income was a little over $34,000 a year PLUS full medical benefits PLUS a pension plan.

  • JustanOguy

    And not even mentioned is the Hundreds of Millions all of these layoffs are going to cost in unemployment benefits at a time when the Federal Budget and State Budgets are already in a sad state of affairs.

    The Dominoes have started to fall… even after QE1, QE2 and QE3.

  • Darin

    I recently called one of my Okla senators Tom Coburn, known for being a fiscal hawk. I voiced my concerns to his staff concerning free trade, free trade agreements, and especially the new TPP agreement. He was gracious enough to respond to my concerns with a letter but to my dismay he let me know he is a supporter of free trade and even TPP under right conditions. Im afraid those of us who believe in an America first economy that is designed to benefit our workers have lost the battle. It is the globalist elite along with the multinational companies who are winning .

    • JustanOguy

      @disqus_DtNP6Nt9o0:disqus — Free trade can be great if the cheaper products are sold to the U.S. Consumer Cheap, resulting in a savings so the U.S. Consumer can buy more…. or invest their savings.

      The problem is when companies such as Nike, Apple, Ralph Lauren, Levi’s and a host of others build their products super cheap overseas and the U.S. Consumer pays more then a premium. The popularity of these products enables them to sell at a premium where they would still make a profit if they were being manufactured in the U.S.

      Of course… they are not being manufactured in the U.S. and the mark ups (due to popularity and consumer demand) are outrageous. A pair of Nike shoes made in China on the cheap costs more at the store then a pair of New Balance shoes made in the U.S.A. with higher manufacturing costs.

      Whose fault is that? The price is set by demand and as long as the U.S. consumer continues doing what it’s doing…. it only promotes more multinational companies to do the same thing as some of the most popular name brand products are doing.

  • El Pollo de Oro

    Gerald Celente on World War III and The Greatest Depression:

    “You can see the world war in front of us. There’s a war in Yemen, there’s a war in Bahrain, there’s a war in Syria, there’s a war in Libya. Now there’s wars heating up between Turkey and Syria, between Syria and Lebanon…….There’s a war in Spain. There’s class warfare in
    Spain, millions of indignados taking to the streets. There’s class warfare in Greece. It’s class warfare. There’s class warfare in Portugual. There’s class warfare in Italy…….So when these corrupt governments start falling, war keeps heating up…….If there’s war in Iran, it will be hell…….This will be a war of weapons of mass destruction. It will be a war of biological warfare. It will be a war of suitcase-size nuclear weapons……This will be a war where entire cities will be ravaged by weapons of mass destruction, biological warfare, dirty bombs. It will be hell. It will be what Albert Einstein had said: he knew how World War III would be fought, but World War IV will be fought with sticks and
    stones.”—Gerald Celente

    • http://pulse.yahoo.com/_EBHGFRHLLRPNQSU4N5JBSHJ7AA Jessy S

      And it is a war the global elite are starting to lose. The areas where there is class warfare, including the United States, will see the elite lose billions. The euro is trash and people are starting to wise up and take up arms. I go by what the apostle Paul said, “The love of money is the root of all evil.”

      BTW, I know who is the Antichrist. It is the Roman Catholic Church and they have tons of money. All the other elites will lose their shirts and the remaining ones will nurse the United States and Europe back to health. For more on why the Catholic Church is the Antichrist, search Youtube for “Biblical Prophecies Unsealed”

      • El Pollo de Oro

        Jessy S: Apostle Paul definitely nailed it when he said, “The love of money is the root of all evil.” Today, the crony “capitalists” (who are really fascists, not true capitalists), banksters, corporatists, neocons, and corporate welfare parasites would call him a “socialist” for saying that. But he wasn’t saying that ambition, hard work or entrepreneurism was wrong. Apostle Paul was saying that greed was wrong. The banksters, however, have adopted the “greed is good” mentality of Gordon Gekko, causing tremendous suffering for millions of people all over the planet. And inevitably, all this suffering will have very violent consequences (as we’re already seeing in Spain and Greece). In the words of Gerald Celente, “When the money stops flowing down to the man on the street, the blood begins to flow in the streets.”

  • MiniBooger

    I haven’t eaten a Twinkie since I was a little kid, but this news makes me very sad…

    Speaking of sad, I stopped by the Target in our area on Friday night. There were two young men – early 20s or so – sitting outside with a small puppy. The one young teary-eyed man was selling his puppy as he was in-between homes and could not afford to take care of it. Ripped my heart out. I purchased dog food for him but by the time I got back, he had sold it and left. The family that bought the puppy were still there so I gave the food to them. All I could think of was that there was a very sad, homeless man that had to give up his little dog. I realize this is small compared to what we will be facing soon, but it broke my heart. When I was in my 20s, life was good. Good days now appear to be long gone.

    The politicians know exactly what they are doing and they don’t care. Time for us to take care of each other.

  • MichaelfromTheEconomicCollapse

    Erik:

    Over the months I have made it abundantly clear that I do not believe that things were going to turn around under Romney.

    So you totally missed that.

    But there was a feeling of hope out there in the business community as a whole that somehow Obama would be gone and they would get some relief. Once the election came, that bubble of hope was punctured.

    Of course that hope did not have a real foundation, but it was there nonetheless.

    And just because I criticize Obama, the Democrats or their policies does not mean that I am a partisan hack.

    I criticize both parties. Anyone that does not like that is not going to like a lot of what I write.

    And Obama’s policies are going to get a lot of my focus right now because he is in the White House and the Democrats are pretty much running things.

    The truth is that Obama has been the worst president in U.S. history. That doesn’t mean I liked Bush. Bush was horrible too. But Obama has been a monumental failure as president. Basically just about every single important thing that he has done has been bad for America.

    Obama is wrong on pretty much every single issue. That does not mean that I am with Mitt Romney. When you really examine their positions, Barack Obama and Mitt Romney are very, very close on most things.

    So usually I am on one side of the issues and Barack Obama and Mitt Romney are on the other side.

    But I understand that some people cannot handle criticism of Obama. And that is very unfortunate.

    The truth about all of these things will be apparent soon enough.

    Michael

    • 2Gary2

      Michael–this person called out your being a right wing hack which you are, however, I still like you. Your sources such as anncoulter are trash sources.

    • http://www.facebook.com/sharon.jarvis.100 Sharon Jarvis

      Michael, the Dems aren’t running things because the Republicans still control the House. And if you look at the rhetoric, many Republicans are just doubling down. I do think they will avoid the fiscal cliff but I am afraid they will do it on the backs of the middle and lower classes. P.S. Sorry, but Ann Coutler is nuts.

  • Washington76

    “They that can give up essential liberty to obtain a little temporary safety deserve neither liberty nor safety.” — Benjamin Franklin, Historical Review of Pennsylvania (1759)

    “If ye love wealth greater than liberty, the tranquility of servitude greater than the animating contest for freedom, go home from us in peace. We seek not your counsel, nor your arms. Crouch down and lick the hand that feeds you; and may posterity forget that ye were our countrymen.” — Samuel Adams
    ( One of My Personal Favovites )

    “If a nation expects to be ignorant and free … it expects what never was and never will be.” — Thomas Jefferson

    “It is not for glory or riches or honours that we fight, but only for liberty, which no good man will consent to lose but with his life.” — The Declaration of Arbroath, a reply to the Papal Bulls excommunicating Robert Bruce for recapturing Berwick, as sent to Pope John XXII on behalf of the community of the realm of Scotland, 1320 A.D.

    “The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants. … God forbid we should ever be twenty years without such a rebellion; what country can preserve its liberties if their rulers are not warned from time to time that their people preserve the spirit of resistance? Let them take arms.” — Thomas Jefferson to William Stephens Smith, 1787

    “The things that will destroy America are prosperity at any price, peace at any price, safety first instead of duty first, the love of soft living and the get rich quick theory of life.” — Teddy Roosevelt

    It has Been Done all Thru History . What have we Learned…?

    Long Live America!

  • http://www.facebook.com/people/Thomas-Hildebrand/615842334 Thomas Hildebrand

    Thus says The Lord: The God of Israel is dead in their eyes! The Salvation of God has no part with them!… Unless I change and become like them, unless I bow down and give heed to their demands, that I altogether conform to their image.

    Open your eyes! Cast yourselves down!

    Let your hearts melt before The Holy Fire!

    Embrace My Purifying Flame.

    My dying children! YOU ARE THE LAST GENERATION!

    The last of these kingdoms of men

    Hear The Word of YHWH!! TrumpetCallofGodonline . com

  • http://www.facebook.com/profile.php?id=1596731290 James B. Hixson

    Don’t despair, Little Debbie makes a Twinkie and the cupcakes with the sqiggle on top. All is well.

  • http://www.facebook.com/profile.php?id=100000633875894 Randy Townsend

    “But that now, because of Obama’s tax-and-spend liberalism and overregulation, big business has lost all hope in America” Open your eyes: This is exactly the response to be expected to a government that targets business as Obama and his cabal has done. Your call for the Rodney King “can’t we all just get along” rings hollow with those of us who endured the Bush haters who burned him in effigy under the guise of free speech. You want to get along? Tell your Prez that compromise goes both ways, that his victory in the election was no mandate at all, and the House will never function as his valet. In short, the left was “mad” for 8 years. Now, it’s the right’s turn.

  • http://twitter.com/Siborg6 Mark Caldwell

    I went and watched that ‘The Queen of Versailles’ documentary….dang. Riches to Rags Feast or Famine

    I love it when a movie recommendation turns out to be a winner and that was worth watching. TY

  • williamwilliam2

    In the 1880′s Germany ended free trade in favor of protectionist trade. The German economy soared for over 10 years. Following WW1 and WW2, many countries favored managed trade over free trade and then saw their economies quickly mend. We are not told the truth on the issues of free trade.

  • http://www.facebook.com/people/Arius-Manzikertian/100001232075593 Arius Manzikertian

    Erik Curren:

    It’s not clear if a Romney win would have been followed by a sustained
    multi-year recovery but certainly a Romney win would have returned a lot of
    confidence to businessmen and investors that are very fearful of Obama. The
    fear of Obama is very real, rational, and reasonable for me personally and for
    many others. After the Obama re-election confidence has taken a nose dive.
    Hundreds of thousands of employee jobs have been terminated. Huge amounts of
    money are leaving the US. Many small businesses have been shut down or are relocating
    out of the US. The US economy is walking the edge of a knife over a Depression.

    So you say you voted for Obama and don’t want to re-argue the election and move
    on. Move on to what? Jobs are being lost in huge numbers. Money is fleeing.
    Confidence is diving. Move on to what? Discuss what? You voted for Depression.
    You voted for the Marxist community organizer and should not be surprised or
    complain when the harsh future arrives when even you will not be able to deny
    it. There is nothing left to discuss

    • 2Gary2

      the confidence fairy again. Consumer demand will create confidence not cutting taxes on the already under taxed rich.

      We need to tax the rich and spread the wealth.

  • http://www.facebook.com/people/Arius-Manzikertian/100001232075593 Arius Manzikertian

    El Pollo de Oro: you are right. The way I would say it is that we are turning down into a super debt cycle collapse, which we cannot avoid. The US elites are leading US marching morons to the edge of the cliff.

    • El Pollo de Oro

      Arius Manzikertian: Some people, both Democrats and Republicans, are incredulous when they hear me say that The Banana Republic of America is now a Third World country. Typically, I hear, “Oh, you’re so doom and gloom. Have you ever even been to a Third World country?” (yes, I’ve been to both Latin America and North Africa). But the Americans who say that are the ones who haven’t been socked by this economic downturn. Talk to someone who made 50 or 60K for many years but has been making minimum wage at the dollar since 2008 or 2009, and they know from bitter experience that I’m right: the BRA is in deep, deep trouble.

      • 2Gary2

        being underemployed sucks as you keep thinking–I used to make thousands more per year and did not even work as hard as I am now. The DPDDTT is coming real soon of that I am sure. The rich need to buy peace either the easy way or the hard way.

  • Lucille rothstein

    I’ve been laid off from 5 different company’s. I don’t really care about people being laid off anymore. Nobody cared about me and my problems. I make money on the streets now. I only hope the pigs and bureaucrats get laid off and have to work on the street with me. I’m gonna f them up.

  • 2Gary2

    The real facts and not the right wing nut crap

    Headlines have been quick to
    blame unions for the downfall of the company there’s actually more to
    the story: While the company was filing for bankruptcy, for the second
    time, earlier this year, it actually tripled its CEO’s pay, and
    increased other executives’ compensation by as much as 80 percent.

    At the time, creditors warned that the decision signaled an attempt to “sidestep”
    bankruptcy rules, potentially as a means for trying to keep the
    executive at a failing company. The Confectionery, Tobacco Workers &
    Grain Millers International Union pointed this out in their written reaction to the news that the business is closing:

    BCTGM members are well aware that as
    the company was preparing to file for bankruptcy earlier this year, the
    then CEO of Hostess was awarded a 300 percent raise (from approximately
    $750,000 to $2,550,000) and at least nine other top executives of the
    company received massive pay raises. One such executive
    received a pay increase from $500,000 to $900,000 and another received
    one taking his salary from $375,000 to $656,256.

    Certainly, the company agreed to an out-sized pension debt,
    but the decision to pay executives more while scorning employee
    contracts during a bankruptcy reflects a lack of good managerial
    judgement.

    It also follows a trend of rising CEO pay
    in times of economic difficulty. At the manufacturing company
    Caterpillar, for example, they froze workers’ pay while boosting their
    CEO’s pay to $17 million. And at Citigroup, CEO Vikram Pandit received $6.7 million for crashing his company, walking off with $260 million after the business lost 88 percent of its value.

  • http://www.facebook.com/nathan.wasson.9 Nathan Wasson

    dont say anything bad about corporations or the sell out who runs this blog wont post it

  • 2Gary2

    agreed–tax them all

  • 2Gary2

    As I have stated before–I do not think selfishly like conservatives do and think only about me. I am looking at what is best for “WE” meaning the country and not just “me” which you conservatives are so fond of doing.

    Your advice is not workable for the vast majority of people for one reason or another. It is good and valid advice where it is doable.

  • 2Gary2

    again–you need to stop with the selfish thinking. This is what caused the mess we are in. Loose the BS rugged individualism crap.

  • 2Gary2

    Hostess got bained—What’s happening with Hostess Brands is a microcosm of what’s wrong with
    America, as Bain-style Wall Street vultures make themselves rich by
    making America poor

  • 2Gary2

    It is the Bain model……buy a company for little cash down, load the
    company with huge debt, blame the workers for “making too much” then
    throw it in bankruptcy so you can steal the pension fund, erase the debt
    and pocket all the cash!! In this case almost 20,000 people would be
    out of a job. The union already made concessions the last time in bk and
    the executives give themselves huge pay increases for what? They didn’t
    do anything exceptional…..it’s called stealing!

  • condaggitt

    Some people want a life outside of WORK…..maybe you dont but my brother has lots of outside activity’s and 60 hours + a weeks is not worth the sacrifice for maybe doubling the pay….He has NO debt a paid off house and 2 paid off cars…..hes doing fine

  • Guest

    “Silly customer! You cannot harm a Twinkie!”

  • Alasha

    (Revelation 12:12) On this account be glad, YOU heavens and YOU who reside in them! Woe for the earth and for the sea, because the Devil has come down to YOU, having great anger, knowing he has a short period of time.”

  • Human

    Good article – it surprises me that so many can’t see what’s clearly on display for anyone with eyes to see! If you can look at this world today, with the economy, jobs, mid-east conflict, political corruption, war or religion, etc. et al ad nauseum and think everything is just peachy….I just don’t know what to say to folks like that.

    My solace is the realization that “I” determine my success, through the ability to work hard and smart. That “I” educate myself with knowlege, skills, and abilities that are in need, in demand, or may be in demand in our uncertain future. And, “I” am resposible for the safety and the well being of myself and family. While I care about our political leaders inasmuch that my own compassion for humanity wants them to enhance freedom for everyone and from that freedom determine their own path, “I” am determined that whoever sits in the Oval office will not dictate the succcess, failure, or outcome of my life. That rest with me.

    History is littered with poltical despots but what is rarely written are the stories of success of educated and determine men (and women) that have draggged humanity through whatever political minefield of that time to more prosperous times. Because it sure aren’t govenments – case in point? I’ll give you two, 1. name one thing in all of human history in all the world that a govenment hasn’t screwed up? And 2. Because I’m felling festive – research the TRUE story of Thanksgiving, not the pap told to grade schoolers.

    Your future and success rest with you – be smart

  • michelleinky

    And the dummies still chose to refuse the companies offer.

  • disqus_q3tIKt1XCp

    I was working for flowers and was laid off after I signed up for insurance. It was during this and now we know Flowers bought Hostess.

Emergency Essentials/BePrepared
Agora Financial
Thrive Life
FEMA Hates This

Austin Coins
Family Survival Plan - Check This Out!
High Blood Pressure?
The End Of America?
MHAdNew_125x125 copy(1)
FINCA BAYANO
Survive After Collapse
cheaper to burn dollars than paper

Silver.com

Camping Survival
Facebook Twitter More...