Concentric Contraction.....Here Comes The Action
When Benny The B and Timmy The G only bail out the banks, cut off credit to the private economy, raise interest rates for borrowers and lower interest rates for savers, and permit the outstanding debt to suffocate the nations cashflow.....eventually practically everything shuts down.....PRACTICALLY EVERYTHING.....this is not a guess, simply the mathematical consequences of Zombulation.
NEW YORK (Reuters) - New York's Metropolitan Transportation Authority carried 75 million fewer riders in the first 10 months of 2009 as employers cut jobs, costing the agency over $100 million of revenue, a report said Thursday.
"People don't commute when they're unemployed," said state Comptroller Thomas DiNapoli in his report.
People can't do much when they are unemployed......LAST YEAR, COUNTING INDEPENDENT CONTRACTORS, OVER 25,000,000 AMERICANS LOST THEIR JOBS....millions more suffered material income declines.......
THIS YEAR IS LIKELY TO BE A LOT WORSE........COMPOUNDING A TERRIBLE LAST YEAR.
If you continue to think it can't happen to you......you ain't thinkin.......the money is running out, faster than you think.
Vision Care Holdings - Chapter 11
Bernie's Electronic/Appliance Chain - Chapter 11
Price Busters - Chapter 11
Protective Products of America - Chapter 11
The Las Vegas Monorail - Chapter 11 Bankruptcy
Morris Publishing to File Bankruptcy