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alstry (35.49)

Detroit is Spreading Across America

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March 02, 2010 – Comments (4)

Why is the MSM so slow to pick up on Alstrynomics??????

New ghost towns: Industrial communities teeter on the edge

Ravenswood, with 4,000 people and one big factory, is like many towns in the USA where things still are made: caught in a winter between recession and recovery, hoping the latter will arrive before the former kills the last decent blue-collar job.

If the rest of the aluminum works closed, "would this become a ghost town?" muses Jim Frazier, principal of the Henry J. Kaiser Elementary School.

Whether it's textiles in the Carolinas, paper in New England or steel in the Midwest, most industrial cities and mill towns "are on pins and needles," says Donald Schunk, an economist at Coastal Carolina University. "Day to day, week to week, any manufacturing facility seems vulnerable. People don't know if they'll be there."

http://www.usatoday.com/news/nation/2010-03-01-townhangingon_N.htm?se=yahoorefer

The transformation from the Industrial Age into the Digital Age will be convulsive....VERY CONVULSIVE!!!!!!!!

4 Comments – Post Your Own

#1) On March 02, 2010 at 8:54 PM, dinodelaurentis (58.11) wrote:

Think of all the toys and tools to pick up. An agressive squatter/salvager will have a field day in these towns. When i read the article earlier in the day, my first thought was "Hmmm, gonna have to find one of these." Have to do it before it corrodes beyond use though. Timing is everything...

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#2) On March 02, 2010 at 8:55 PM, dinodelaurentis (58.11) wrote:

Think of all the toys and tools to pick up. An agressive squatter/salvager will have a field day in these towns. When i read the article earlier in the day, my first thought was "Hmmm, gonna have to find one of these." Have to do it before it corrodes beyond use though. Timing is everything...

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#3) On March 02, 2010 at 8:59 PM, alstry (35.49) wrote:

REPEAT FROM BELOW BUT SALIENT TO THIS BLOG: 

Missouri's revenues are falling at nearly twice the rate that was projected just two months ago, forcing officials to take a fresh look at merging state agencies, raising fees or making deep cuts to public services.

Gov. Jay Nixon held a series of private meetings Tuesday with Senate and House members to discuss the state's financial problems. He wants to revise the state's revenue estimate used to craft the state budget, then discuss ways of restructuring state government.

Republican lawmakers told the governor he should take the first step by providing them with a new budget proposal that includes additional recommendations for cuts.

http://news.ino.com/headlines/?newsid=6896968173780

Most of our economy is levered into the Industrial Age.  As the Industrial Age shuts down, our current legal system is not prepared or structured to handle the changes.

Based on the emasculation of the Constitution over recent years, my guess is government is preparing for what might be uncomfortable for many.

At this point, what is uncertain is whether we will be ushered into this change by military conflict, which is an environment easy to control people or economic collapse.  Either scenario will trigger the necessary dynamic for change.....and my guess, after a convulsive period, a change for the better for those that make it through.

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#4) On March 03, 2010 at 2:49 PM, jason2713 (< 20) wrote:

Currency crisis is the next crisis....this is the calm before the storm if you can believe it.

Give it 5 years, and if we are still on the current path of spending and pretending, our dollar and all dollar denominated assets are going straight down the toilet.

There is going to be another huge dip, when is another story.  Bubbles:  The bigger they get, the harder they fall, and this bubble is building ON TOP OF the last one.  Ohhhhh nelly, its going to be a doozy!

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