Change can be EXCITING!!!!!!
We are losing half a million jobs per week. It is hard to tell how many are being hired because most are cutting back or shutting down. You simply can't have a domestic service economy and sustain this magnitudeo of job/wage cuts and not completely destroy the economy in relative short order.
Confirming the above is the unprecedented decline in personal and corporate income taxes.
We are rapidly shutting down the industrial economy preparing for the digital age. In the digital age much of what we currently do as daily activities will not be around in just a few years.
Digital delivery of movies will free up tens of millions of sq ft of retail space in the very near future. Online banking and digital payments will vitiate the need for local bank branches freeing up hundreds of millions of additional sq ft. Xrays taken in New York can and will be read by qualified radiologists in New Delhi....at a fraction of the cost. Most lawyers will have very little to do because much of the current activities are focused on industrial issues such as property rights, contracts and transactions relative to industrial issuues.
If you think about the industrial economy and how our labor is focused.......we could easily contract 50-70% of the current labor force and still have sufficient capacity to deliver and execute on a much more efficient economy. When you have an economy based on labor....you have significant social and economic issues to confront.
In addition, much of the current real estate will have very little value in a digital age.....in many cases a negative value as the cost to maintain it will exceed any potential for revenues or usage. THIS INCLUDES THE CURRENT STRUCTURES AND LOCATION OF HOUSING.
MY GUESS IS MOST HOUSING WILL DECLINE IN VALUE AT LEAST 70-90% FROM CURRENT LEVELS....and at this point I belive my estimate is conservative.
It is will be very convulsive for many to enter the digital age.....as we will not be able to go back to any previous cycle for any comparisons or historical perspective. We are all simply products of the data entered into our minds no matter how much we read, how high our IQs, or how much knowledge we may have in any particular specialty.....so past performance will truly not be a factor in future success.
If you don't prepare and properly anticipate for what will likely be the most convulsive process in human history.........you will likely be reacting to disruptive changes few will have foreseen.
Through any great advancement in history comes great change......creative destruction is a natural part of our evolution. Family farming into urban industrialization.....horse and buggy into massive horsepower. Changes that desroyed many and empowed others. Each time the change is different and affects humanity in a unique way......this change will as well. It will just be more convulsive than probably any we have seen before.
I guess you can say massive Zombulation will lead to a new level of jubilation.
In 9.09 we knew it was here as many of our key institutions were insolvent. We started to feel it by 11.10.9....and the conversion process from the industrial age to the digital age really accelerated after 1.01.10 into the core of concentric contraction.
We may enter this process through many doors.....including war, economic collapse, or other means. Much of what we currently value and do will be pretty much worthless going forward.........it is hard for man to accept change and such periods are often distressing.
However, we will get through it.................................................how???? No one really knows.........
The only thing we know for sure is it's now happening via Zombulation and Concentric Contraction of the Industrial Age.
China protests US arms sales, warns of 'serious' impact...
Suspends military exchanges...
Glaxo Smith Kline - 4,000 in US / Europe
Makes one think.......................doesn't it????????