The Beginning Of The End
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Will The Bottom Fall Out? 15 Signs That Layoffs And Job Losses Are Skyrocketing

If you still have a good job, you might want to hold on to it very tightly because there are a whole bunch of signs that unemployment in the United States is about to start getting worse again.  Over the past several weeks, a substantial number of large corporations have announced disappointing earnings for the third quarter.  Many of those large corporations are also loaded up with huge amounts of debt.  So what is the solution?  Well, the favorite solution on Wall Street these days seems to be to lay off workers.  In fact, it is almost turning into a feeding frenzy.  Since September 1st, we have seen more job cuts announced than during any other two month period since the start of 2010.  These announcements represent future layoffs and job losses which are not even showing up in the unemployment numbers yet.  So needless to say, things don't look very promising for the end of 2012 or for the beginning of 2013.  If this race to eliminate jobs becomes a stampede, will we see the bottom fall out of the employment market?

If you are concerned about whether or not you will still have a job 12 months from now, you might find the numbers posted below to be quite alarming.  We have not seen layoff announcements come this fast and this furious since the gloomy days of the last recession.

According to Bloomberg, job cuts are well ahead of the pace set last year...

North American companies have announced plans to eliminate more than 62,600 positions at home and abroad since Sept. 1, the biggest two-month drop since the start of 2010, according to data compiled by Bloomberg. Firings total 158,100 so far this year, more than the 129,000 job cuts in the same period in 2011.

So what happens if the economy really starts sliding rapidly and this loss of jobs becomes an avalanche?

Can the U.S. economy and the American people handle another major economic downturn?

Some of the biggest names in the business world have announced job cuts in recent weeks.  The following are 15 signs that layoffs and job losses are skyrocketing...

1. Dow Chemical has announced that it will be closing about 20 plants and will be letting about 2,400 workers go.

2. Colgate-Palmolive has announced that they will be eliminating about 2,300 jobs.

3. DuPont has announced plans to eliminate about 1,500 jobs.

4. Ford has announced that it will be eliminating 6,200 jobs and will be reducing production capacity in Europe by 18 percent.

5. Hewlett-Packard announced last month that they plan to eliminate 29,000 jobs.

6. Chip maker AMD has announced that they will be getting rid of about 15 percent of their workers.

7. Sony has announced plans to reduce their workforce by about 2,000 workers.

8. Electronics manufacturer Sharp reportedly plans to eliminate 11,000 jobs.

9. Engine maker Cummins Inc. has announced that they plan to get rid of about 1,500 jobs by the end of 2012.

10. Earlier this month Applied Materials announced a plan that will eliminate up to 1,300 jobs.

11. Zynga (known for making video games for Facebook such as FarmVille) has announced that they are reducing their workforce by about 5 percent.

12. Lattice Semiconductor has announced plans to eliminate about 13 percent of their jobs.

13. Alcatel-Lucent recently announced a plan to eliminate more than 5000 jobs all over the globe.

14. Siemens AG has announced that the number of positions being eliminated may reach 10,000 by the end of the year.

15. Banking giant UBS plans to eliminate up to 5,000 jobs.

Please keep in mind that these job cuts do not show up in the unemployment numbers yet.  When big corporations announce the elimination of jobs, it often takes a while before those job losses actually take place.

Sadly, I believe that this is just the tip of the iceberg.  I am convinced that the layoffs and the job losses are going to get a lot worse.

In fact, 2013 is already shaping up to be a very difficult year for the economy no matter how the election turns out.

Those of you that read my articles regularly already know that our economic system is becoming increasingly unstable.  We could literally plunge into another major recession at any moment.

Not that we need any more economic trouble.  Tens of millions of American families are having to fight tooth and nail just to make it from month to month right now.

There aren't enough jobs and the middle class is rapidly shrinking.  Even if you do have a job, that does not mean that you are doing okay.  About a quarter of all jobs do not even pay enough to lift a family of four above the poverty level, and entry level wages for those with just a high school education have been steadily declining over the past 40 years.  If you doubt this, just check out this chart.

So what is going to happen if we do have another avalanche of job losses like we saw back in 2008 and 2009?

Will even more of us end up dependent on the government?

We are told that we are in the midst of an "economic recovery", but the number of Americans that are dependent on the government just continues to soar.  In fact, at this point it is at an all-time high.

If the economy is getting better, then why does the number of Americans on food stamps just keep going up?  To get an idea of just how massive the food stamp program has become, just check out this infographic.

One of the most frightening things about the possibility of another major economic downturn is the loss of hope that it could bring.

At this point, most Americans still believe that things will get better eventually.

But what is going to happen when large segments of our population lose all hope?

How desperate will they become?

When people become desperate, they tend to do desperate things.

Just check out what happened to a family down in Woodstock, Georgia the other day.  They had just lost their home to foreclosure, and they were getting ready to move out.  So they posted an ad on Craigslist for people to come over and get some things that they were planning to get rid of.  What happened next is a glimpse into the kind of desperate behavior that we may see during the next major economic downturn...

Their online post was just a well-meaning ad for a giveaway in their driveway outside the small house, a giveaway scheduled to begin at 10 a.m. Wednesday.

But big crowds showed up and ended up taking practically everything inside the house, too.

Wednesday night, Michael Vercher walked 11Alive's Jon Shirek through his family's almost empty soon-to-be former home.

"Well, when we got to the house, I mean, pretty much -- this," he said as he stepped from the foyer into the living room.

Their home -- ransacked, ravaged, raked over.

Almost everything inside -- gone.

My wife and I once used Craigslist quite a bit, but incidents like this make one question the wisdom of inviting strangers to come to your home.

Sadly, the truth is that society is rapidly decaying, and the worse unemployment becomes the more desperate people are going to get.

So what do you think about all of this?

Do you have any stories that you would like to share?

Please feel free to post a comment with your thoughts below...

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  • Got Zimbabwe?

    At least we have that economic genius, the Chicago Jesus as president to usher in a golden utopia on earth. Forward comrades! Yes we can!

    • buttburger

      Are you like the openly racist guys on SHTFplan? They tried to pretend the reason they didnt like Obama was policy, then they really let it all out they were racist too.

      • Gomer Wumphf

        How racist do you have to be to think everyone that opposes the Marxist idiot in the White House is a racist?

        • Gomer Wumphf’s outer

          We’ll See if you like him when YOU are living in a dump or speaking Chinese.

      • Jaybird7

        Boy that cried Wolf again? Everytime O-Hole is criticized it’s racism. Sorry but that ******** is old and tired.We don’t like Nasty Piglosi either for basically the same reason and last I looked she’s a Caucasian. She’s a Communist as is O-Hole.

      • MUSASHI

        Nobody is obligated to like this president…for any reason or no reason including his tan skin.

      • jellobiafra

        He’s a Communist Islamist who hates Americans, genius. THAT’s why we hate Obama. Plus, he’s a fraud. I mean, how many names and social security numbers does the guy have, anyway?

      • Gomer Wumphf’s outer

        ‘bama sucks, you know it, everyone here knows it. he can’t do the job, knock off the accusations of racism and hate, goes for all the other ‘bama supporters too. Especially since you won’t be saying that when your living in a dump.

      • buttburglar

        no one has to like him at all, when your sleeping in your own filth, you’ll wish you didn’t support him.

  • Virginia

    We all need to be very vigilant these days. At many traffic intersections these days, you see people standing with signs mostly men)”I am homeless, please help.” These people are desperate and if your car doors are not locked what is to stop them from jumping in and taking over your car, wallet and then dispose of you? I saw a man today holding up such a sign, luckily my doors were locked. We have a local homeless shelter, a few food pantries and soup kitchens so he could have gone there.

    Michael, I look forward to reading your columns. You do the research and get the facts and then we read to get a reality check because what we hear on CNN is mostly fluff.
    Even the stores have low inventory, just not the selection or variety. I have been giving to charity for the last year, decluttering my home and just getting rid of it all. The more I pack up and take over to salvation army, the better I feel. Eventually, I hope to just have a minimalist bugout pack and be ready for whatever. Yeah, it’s just not safe to be selling stuff from one’s home these days.

    • Michael

      I am seeing a lot of troubling signs all around me these days too. Usually I would dismiss them as “coincidences” but they are really starting to add up.

      Good comment Virginia.

      Michael

    • buttburger

      don’t be paranoid. You might be there too one day.

      • Klingon Wiper

        Buttnugget you don’t have to reply to every comment. Maybe run along to huffpoo or a comrade meeting at the collective?

  • Jo

    Layoffs have started already. My brother just got let go from a plant that handles defense contracts. He’s been there since Clinton was in office.

    • buttburger

      Its sad. Its manufacturing sector that has been decimated.

  • Awake

    Mondo, in a rural area and possibly else where 3 horn blasts, whistle, gun shots what ever. spaced appox 1 second apart is the general rule for a distress call. A visual distress call is a x. When signaling with a light or mirror 3 flashes. I recommend to read any book by Cody Lundeen. Live simple and good luck.

  • Cinderella Man

    Well hello again everyone! I hope everyone is ready for the *******storm that is rapidly aproaching because if you havent learned to think on your feet by now then God have mercy on you. First off Mondo hang in there brother i sincerley hope you got your power turned back on. You know from my story that i know how bad it is to be down and out. I admire people the most that barely have anything but share nevertheless. You want hope for a new job? I discovered that when you stop imposing your will on the situation the better off you are. I was without work for two years. I put out app after app and nothing happened. When i gave up and let God take the wheel things started happening. Im done with my job at the grain elevator. My dad had to liquidate his herds. Is it the end or just the beginning? I dont know but thru all my series of unfortunate events i have always found a way to survive. When there are no jobs invent one. Thats what i mean by learning to think on your feet. If you need a job bad enough you will find a way. I have become a fan of the show The Walking Dead. Those ppl are in the ********* situation imaginable and yet they always cling to hope. Do you not have hope? Is it darkest before the dawn? I hope. I know im gonna get my people thru this mess before its all said and done.

    • Michael

      It is good to hear from you again. It had been a while. :)

      Michael

    • Nobody

      Cinderela Man,

      My wife and I have also been watching The Walking Dead, season 2. Being a survivalism author, consultant, and gun show vendor, I have been watching from that perspective.

      The bigbest take-away that I draw from that show is that survivalist groups are already pre-arranged groups of highly-skilled friends, of equal temperments, personalities, etc. They know how to shoot, move and communicate, for starters.

      The group of survivors in The Walking Dead are forced together out of circumstance, and as the series does a good job of depicting, this group can’t find its butt with both hands, where there is no group cohesion, too much emotion, etc. Every episode is based on the mistakes consantly being made by various group members. I loved one episode when this owner of the property they were staying at finally told them, “I can’t believe you people have survived this long.” LOL!!

      Please no spoilers from anyone, but I wonder if these clowns will ever bump into a group of true survivalists, who truly have their game-on? That would be fascinating to watch.

      In closing, in a more realistic scenario, people like the main characters in The Walking Dead will get eaten for dinner, literally. Look at what is happening with Hurricane Sandy: Once again, even with the US Govt’s emphasis on preparedness, people are still mobbing the stores, buying-out all the bottled water (instead of filtering it themselves), canned food, etc.

      I totally agree with Jim Rawles’ assessment: An 80-90% die-off within the US, in the event of a nationwide, or global emergency.

  • ed

    Hey, if you are hard up for a job the oil industry in west texas (midland odessa) and in north dakota is exploding. there are help wanted signs everywhere. mechanics, truck drivers, field hands, its all going begging for people. all the fast food and service places are begging for people to work there. rents are high, but theres lots of work and it generally pays fairly good.

    • jayjay

      Our friend worked there and is no softy, mamsy-pamsy, mama’s boy. He’s seen rough times.
      He said the living expenses were not worth it. I believe him.

    • CharlesB

      Six-figure salaries, but homeless
      http://money.cnn.com/2011/10/21/pf/america_boomtown_housing/index.htm

      Chasing the American dream in a Walmart parking lot
      http://money.cnn.com/galleries/2011/pf/1110/gallery.America_boomtown_walmart/index.html

      Walmart In North Dakota Boomtown Evicts Squatting Oil Workers From Parking Lot
      http://www.huffingtonpost.com/2012/02/09/north-dakota-boomtown_n_1266116.html

      Why I’ll Never Move To North Dakota, No Matter What The Experts Say
      http://www.businessinsider.com/why-ill-never-move-to-north-dakota-2012-8#ixzz2Af1vwmnm

      “We’re sitting in a Walmart parking lot because there is no housing whatsoever in Williston, North Dakota. We’re hoping to be able to find jobs — something that offers housing — we’re just shooting for that. We hear that as an oil rig floorhand you can make $18 to $24 an hour starting out.”

    • CharlesB

      I just thought that I would post one more article. Here’s a more recent piece about the lack of housing, the high prices rent such as $700 a week, the high crime, and that folks need to be skilled like in carpentry, welding, or have their CDL.

      Thanks Ed and jayjay for your posts. Can either of y’all make some more posts about workers’ experiences out in Texas or North Dakota? Thanks!

      “Unemployment is virtually non-existent and promise seems to be oozing out as fast as the oil. If you get a job on the oil field, Rolfstad says you could be making a six-figure salary. (You) don’t shower for a week. No food. It’s rough. Trying to find a place to go to the bathroom you wouldn’t think is so hard,” he said. This 24-year old father from Minneapolis came here looking for work. The only problem, if you don’t have experience in the oil fields, finding a job at one of the oil companies is almost as hard as finding a place to sleep. Both eventually found a place to stay, living in a tent at a campsite 15 miles outside of town. Although both had jobs at McDonalds, they could not afford much when we met up with them, eating maybe once a day. Pavlacky says he’s lost 15 pounds so far.”

      Minnesotans experience the good and bad of North Dakota oil boom
      http://www.kare11.com/news/extras/article/996291/26/Minnesotans-experience-the-good-and-bad-of-ND-oil-boom

  • variabletime

    Many companies survived the recession,but couldn’t survive Obama’s “recovery”

  • Mindy

    My husband is a programmer for a company outside the Minneapolis/ St. Paul area. He was laid off in 2010 for nine months and has been working full-time since then but the signs that things are going to get slow are showing again. His machine shop builds plastic injection molds for some big companies ; Kimberly Clark, Medtronics etc.. and the companies are pulling projects left and right that they hired my husband’s company to make. This exact same thing happened in Dec. of 2009 and Jan. 2010 and his company had a huge round of layoffs. We have eight children and I am trying to do what I can to prepare for him being laid off again. Gone are the days of feeling like you have a secure job.

  • Ian

    Yadda yadda yadda yadda.

    Next year will result in the same articles written over and over and yet no collapse.

    I will continue to see people buying the latest iphone, spending money on overpriced concerts and festivals, and hotels filled to capacity.

    Nothing new here.

    i recently watched the documentary smearing Obama (forgot the name) and all the people they were interviewing were overfed wealthy obese people living in half million dollar homes. They had the audacity to be complaining that a president has made life hard for them.I have spent much time in third world nations and i have experienced poverty like you would never believe. Americans are a bunch of whiny spoiled little babies, and if a collapse does eventually happen (which i highly doubt) then i think it is rightfully deserved and i hope Americans learn to truly suffer a little. Disgusting parade of pathetic ingrates we have become.

    • Albert

      Ian,
      I believe there will eventually be an economic collapse as there has been in every historical instance with this same econ background, but I agree with you on spoiled, whining americans (small “a” intended). I dose of reality and difficulties will bring some sorely needed humility.

      • JMorcan

        Screw humility. I hope it brings the understanding that saving a dime at WalMart isn’t worth losing your job.

    • buttburger

      agreed! Chill out, Obama didnt cause all of your life’s problems.

      • mojo

        Obama didn’t cause all my life’s problems, just all the ones in the last few years, after he nationalized the industry in which I am employed hah!

    • Jaybird7

      And the rest of the 3rd world you love so much will suffer even more if the US economy does collapse. How about the riots,death and suffering here in the US? What you’re wishing on the country is evil and so are you . A pox on you and your family.

      • http://img.gawkerassets.com/img/184pcnms5fw0jjpg/original.jpg Charles E. Winchester

        “What you’re wishing on the country is evil and so are you .”

        He doesn’t have to be evil. He might be terribly stupid, plain and simple.

        en.wikipedia.org/wiki/Hanlon%27s_razor

  • Washington

    There is allot more! Check these photos and videos inside this link!

    Are American Troops Protecting Afghan Opium? U.S. Troops Patrolling Poppy Fields In Afghanistan (Photos)
    http://www.globalresearch.ca/are-american-troops-protecting-afghan-opium/5309922

  • Old Man

    As the big election draws near, I feel compelled to remind all that presidents make little difference in the best of times, and make no difference now.

    The U.S. Constitution stipulates that president hold the title of sovereign, and run the executive branch. Well, he runs the exec branch but just about everything he can do in that management is specified by laws in great details. He can’t make any changes without Congress approval.

    On fiscal powers, the president has just enough to sign the checks, but all disbursements are controlled by Congress. He collect the taxes, but he can’t change the laws that govern everything about taxation and revenue.

    On monetary powers, the president has none. Absolutely zero.

    On trade and commerce powers, he has none. Everything he does is delegated by Congress via special laws, which last short-term. Congress can stop the delegation and the president can go to trade and economic summits looking like a chicken without a head.

    The president of the U.S. has NO economic, trade and monetary powers. And of course, he has no legislative powers.

    The only areas he has substantial powers are foreign policy and waging wars. But even in defense, he has no say in the military-industrial complex. Congress do, and the military men run the show. Dare he says no to the Joint Chief? Which is why once a president is elected, he immediately looks for excuse to start a war. This so that he is occupied for the term for things to do, get to be loved by the brass, and go down in history. Go down either way.

    Alas, there is one, ONE, area where the president has absolute power. As sovereign head of state, he has total, absolute and unchallenged power to conduct state dinners.

    Think about that on election day – who do you wish to hold state dinners in the White House.

    By the way, GW Bush held one freaking state dinner during his 8 years. Just too occupied by wars.

    • John W.

      You are either a fool or a liar. FDR had no effect on the country? Obama is not working overtime to screw things up with his Eo decrees?

    • Modern Patriot

      What you describe is actually what the framers intended the president to be, not what the president is now. Legislation through executive order and the countless executive branch agencies who have managed to skirt the legislative branch (and often the judicial branch as well) enforce the legislation via their “interpretation” of it; add it all up and we have a dictator at the helm whenever he feels like taking the title. Especially with the NDAA, patriot act, ad nausea.

    • jellobiafra

      You may be old, but you sure don’t know much. The president’s powers have been expanding rapidly since the days of FDR. Bush was plenty bad enough. Obama has written over 926 executive orders, many of which went against direct constitutional law – such as invading Libya without Congressional consent, releasing drones to kill U.S. citizens overseas and making it a felony to engage in political free speech within a certain number of feet of a secret service officer (which can now be assigned to anyone the president doesn’t want questioned by citizens or the press). Obamacare is the greatest example of usurpation of citizen’s rights – a wholly unconstitutional law, it manages to insult religion (forcing church-affiliated hospitals to pay for and perform abortions while exempting Muslims from Obamacare altogether).

      Obama despises the American Constitution and ignores it. He gave blanket amnesty to illegal aliens and said that he would not uphold the defense of marriage act and don’t ask don’t tell. He has simply been going to George Soros- run and funded NGO’s to write legislation he wants, such as the Responsibility to Protect doctrine. This is a dictator and he cares not a whit for your Constitution or for limits on his power in general.

  • Dezmo

    This economy is all about big bonuses for CEO’s and shareholders during bullish period and layoffs during bearish period.

  • Tami Kilmarx

    I lost my job of 7 years Oct 12. It was really ugly what they did to me to “force a resignation,” though I did not resign nor was I “fired.” The company cut my salary Sept 2011 to attempt to save themselves, at least this is what I was told. Now age 54, what do I do now? I am a registered nurse (of 28 years). What’s my reality? My husband has also been unemployed for the past year, (and has 2 BS degrees in his field.) We are prepping our nearly 18 year old son for college….what is his reality?

    • expatTexan

      move to Australia! Nursing jobs by the hundreds in every city/major hospital. Work as many shifts as you want and good pay too.

      Stable, prosperous, relatively crime-free country: kids can play outside safely, women can walk at night in safety, no one carries guns.

      and they speak English! sort of :) )

  • Washington

    Fiscal cliff ahead: What it may mean Risks to the economy and stocks are high if all tax hikes and spending cuts take effect. FIDELITY VIEWPOINTS – 06/28/2012

    https://www.fidelity.com/viewpoints/fiscal-cliff

  • Paul

    According to a survey, Germans would elect Obama.

    I would choose jill.

  • Washington

    RT to host final US presidential third-party debate Submitted by legalizeliberty on Thu, 10/25/2012

    http://www.dailypaul.com/260336/rt-to-host-final-us-presidential-third-party-debate

  • Gary2

    There are many forces giving rise to this high and rising inequality. But the fact that America’s inequality is greater than other advanced countries’ says that it’s not just market forces. After all, other advanced countries are subjected to market forces much like those confronting us. Markets don’t exist in a vacuum. Government policies — or their lack — have played a critical role in creating and maintaining these inequities.

    Joseph Stiglez.

    • Modern Patriot

      getting close gary, just leave out “-or their lack-” and you will have made your first factual post on this site

  • JMorcan

    Trade with SE Asia has destroyed the U.S. economy. It is exceedingly unlikely we will see a meaningful recovery in our lifetimes, or even in the next generation. The Yuan will be world currency within fifteen years, and the U.S. will soon resemble more a Third World economy than an industrial superpower. Every president starting with Nixon has unwittingly worked toward this end, and the American people – generally speaking – have been all too happy to oblige. People in China understand this, but incredibly, people in the U.S. still aren’t getting it. I’ll be in China again next year to congratulate the many old-time acquaintences who once couldn’t afford a wristwatch, but now have millions in the bank. It’s a helpless feeling to see my country, once the economic and moral light of the world, dying such a painful death.

  • Washington

    Who’s Afraid of an Open Debate? The Truth About the Commission on Presidential Debates

    http://www.youtube.com/watch?v=1NXhoP5bQ2M&feature=player_embedded

    The 2012 Debates – Memorandum of Understanding Between the Obama and Romney Campaigns By MARK HALPERIN | October 15, 2012

    http://thepage.time.com/2012/10/15/the-2012-debates-memorandum-of-understanding-between-the-obama-and-romney-campaigns/

  • DRS

    Should this not boost the economy by creating more work to repair the storm damage?

    BTW the title of this blog is 5 years out of date – The economic collapse happened way back in 2007.

    • JMorcan

      How can it boost the economy when no new wealth is being produced? The rest of us will have to pay the salaries of those who do this work.

  • Washington

    How central banks collude with corporations to control the government.

    Corporatism Explained

    http://www.youtube.com/watch?v=oUKsKL6DLwk

  • SMASH THE CONTROL MACHINE

    http://www.sott.net/article/252915-Baseball-fans-turn-violent-as-they-celebrate-victory-burning-a-bus-and-smashing-windows-after-San-Francisco-Giants-win-the-World-Series!!! A sign of the underlying stress and tension that has built up in American Society. If this is the response to victory, just imagine the social fallout when things really start going south.

  • SMASH THE CONTROL MACHINE
  • Timo45

    What I dont get is people no matter how much evidence you show them on how bad things are getting. They still dont want to face reality. Its very sad whats happening and what the future looks like. I try to be as positive as I can but the truth is the truth things are really getting bad and if people dont wake up they will wish they did. Baskeball,football,movies,sex or any of that stuff is not going to save you if we dont pay attention and start preparing for whats coming.

  • WM

    Just a personal update on whats happening in my life. I am home early today, ( I am supposed to be working 2nd shift), it is 4:05 pm and I just came from a meeting at work. They are closing the manufacturing facility December 31st of this year. It was quite a shock indeed. I have no idea what I will do now, but I do trust in the Lord that somehow something will open up for me. My company is a global energy leader, and although very stable, they are restructuring several of their North American divisions.

    I wanted to thank you Michael for your websites, ( which I found during my 2+ years of not having a job), they have been a real blessing to me and have kept me “in the know”. Actually, this news today of my work closing does not really surprise me that much, and I can thank your work on these websites for keeping me up to date on what is really happening to America and how our economy is dying a slow death, especially manufacturing.

    My knowledge of Biblical prophecy has also played a part with me being at peace with these things, knowing that the end time prophecies of a one world government & leader, cashless society, and the world becoming more “global” is all a part of the prophecies that we are starting to see really fall into place like no other time in human history.

    I encourage all that are going through tough financial times to not get too discouraged. The devil will try to steal any hope from you. Get your hands on a Bible and start reading it and look to the Lord.

    I have a saying that I say to myself when things are going bad or you are in the valley of uncertainty: “In 100 years all of the troubles I am facing are not going to matter”

    I know it does not help the here and now, but it defiantly puts life into perspective. Stay healthy and safe!!!

    • Michael

      WM:

      I am so sorry to hear about this. So you will be looking for a job once again?

      The stories that so many people share on this site are absolutely heartbreaking. I wish I could promise that the economy was going to get better, but I cannot.

      Michael

  • Tappedops
  • Pat

    Perhaps the saddest thing I heard after the election were the sobs of my 91-yr-old cousin, a WWII fighter pilot and founder/owner of his own constuction company. He still goes in to his office 6 days a week. But, when the economy tanked 4 years ago,he could get hardly any work, yet he vowed to hold on. He quit taking a salary and was putting his own measly SS check into his payroll to try to stay afloat. When I talked with him after the election, he was devastated. How could “we the people” see what the man has done and reelect him, he wondered aloud. He’s liquidating and laying off ALL his employees, some who have been with him for over 40 years. He held on, hoping a businessman would be elected, not a socialist who has done nothing for him but add more regulations. “I have nothing on this earth left to live for,” he choked. There’s another load of jobless for you. Wake up America, wake up.

  • http://img.gawkerassets.com/img/184pcnms5fw0jjpg/original.jpg Charles E. Winchester

    “Will The Bottom Fall Out? 15 Signs That Layoffs And Job Losses Are Skyrocketing”

    Simultanously, the enormously prosperous USA recieves large numbers of immigrants (legal as well as illegal). Massive inflation (why not stagflation?) is to be expected. What could possibly go wrong? The Weimar Republic sure got a happy ending…

  • http://www.vdare.com Charles E. Winchester

    25 years ago, you had Ronald Reagan, Stewie Wonder, Bob Hope, Johnny Cash and Steve Jobs.

    Now you have Barack Obama, no wonder, no hope, no cash and no jobs.

    Are you happy with all this “change”?

  • http://www.moinscherpascher.net moncler pas cher

    Hi,great post and perspective. As you point out the potential strain on B of A, I think we all hope they know what they’re doing. Rescuing them, it seems, would be the back-breaker.

  • M.O.

    I went to a leading retailer two days ago to get some cardboard boxes to use for packing. There were hundreds of cartons there and I grabbed about 20 of them and whilst doing so I took particular interest in the labeling on each box where it says country of origin or made in …. and every single carton I took and every one I looked at which I didn’t take all had Made in CHINA printed on them. There were none made anywhere else but China. This is a leading Australian retailer and it clearly represents what is going on in our economy. We are buying everything from China, shutting down all our factories slowly one by one and giving all our wealth and work to China. China is buying America and Australia house by house and farm by farm slowly and eventually we will find ourselves under Chinese control. Do you think thats a ridiculous statement? You can all scoff at it and deny it, but everyone knows its true. Our lying governments are running the biggest cover up in history. We had government that looked after us with tariffs once, but of course governments are greedy and want the big dollar projects offered by China and so destroy our manufacturing base to allow mining. So much for the mining boom, it is ending now as the Chinese have almost maxed out their debt as well, but in the process they have made us dependent on them for manufactured goods. Our government is a lazy government who only see the big businesses. Its the small businesses which employ people and make goods which make the country self sufficient and insulate us from overseas markets. When the depression eventually hits it will be because of the days our government sold out to China. We all know cheap is not best. Chinese goods have high failure rates, the products don’t last long and most of it just ends up in landfill. So why are our retarded governments allowing this and allowing our nations wealth and factories to be exported to China. China has become exceedingly wealthy. This wealth did not come out of the sky, it came out of our country and is continuing unabated as we sink into financial destruction. The Chinese are way smarter than any charismatic elected fools in our government. They are able to subdue our government whenever they like because they are smarter than us. They are winning the war… the economic war in which they will own us and you hand the keys over to China. Wake up Australia and America.. The Chinese Are Coming.

  • anonymous

    what we need to do is use that anger and inequality and shape it into something honorable. We need it as fuel for change and equality. We are creatures of habit ruled by a system that has control of us through paper. Paper covers rock but we need to be sharper and re condition ourselves into people who believe in change, equality, happiness and true peace.

  • http://www.facebook.com/people/Chris-Priest/100000706798715 Chris Priest

    We are on the verge of completely disintegrating the worth of the American dollar. The UN will shut us down, (much to the delight of many countries), and “McAmerica will be a tourist attraction… Once prosperous land, owned and governed in quadrants, by large corperations; Most (or all) of which will not be American. And as a Superpower…. While we may be able to take on ANY individual country… We cant take them ALL on… And thats who we’re pissing off.

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