Bye Bye Miss American Industrial Age......
Banks Begin to Withdraw from Their Branch Boom
Expect tens of thousands of bank branches to close over the next few years as we move to online banking. Banks will be able to shed millions of employees and hundreds of millions of square feet of commercial space will become vacant.
The concept of the city, county and state is a product of the industrial age....expect many to scale back and/or shut down in upcoming months and years as industrial age revenues evaporate.
South Carolina - State Budget could = 295
City of Phoenix AZ - 520
The Tupper Lake Central School District - 36 Possible
City of Lancaster - More Layoffs to be announced Today
Bullhead City AZ - 9
Montclair School District NJ - up to 60 Possible
Ask yourself....how much is a house worth if few can afford to make a mortgage payment?????? Prepare for MASSIVE declines in home values in upcoming months as more and more lose their jobs and fewer and fewer can afford to make their utility and property tax payments. This is already a serious problem in Florida where many elderly who own their homes free and clear can no longer afford to maintain their residences.
It is not the end of the world....simply the end of the industrial age as we move into the digital age.