Homeless Hits The Middle Class
September 29, 2009
– Comments (16)
“The nation’s rural homeless rate is soaring. In Montana, it has really grown wings. Exacerbating matters in Montana are the state’s high foreclosure rates, which are particularly prevalent in the Flathead. Lori Botkin of the Flathead Food Bank said her agency is consistently flooded with families, many from the middle class, which represents a dramatic shift from past years. ‘We’re not seeing the live-under-the-bridge homeless,’ Botkin said. ‘It’s more middle-income families. They come in, they’re well dressed; they drive nice cars.’”
http://www.thehousingbubbleblog.com/index.html
With millions of homes pending foreclosure...expect the numbers of homeless to explode in coming months...especially in light of the fact that few jobs are available presently.
When you encourage banks to overleverage a credit dependent economy and then raise interest rates 17x and cut off credit....the economy dies and so do those within it.
When you only bail out the insolvent banks and not the citizens....tens of millions will lose their jobs and thrown out on the streets as the bankers bask in billions of bonuses. The cost to society and the economy will be enormous as government will collapse under the unsustainable costs while the bankers have transferred their money outside the country.
Welecome to America 9.09....it is only the beginning and now you know...as time passes, the higher the odds it will be you impacted.... as the Zombulator spreads Zombulation across America. Unless we restructure.....there is little doubt where this is heading....already over 50% of Americans aged 16-24 are unemployed......over 2/3 of Americans are living paycheck to paycheck......and wages are crashing at a record rate as bankruptcies are reaching unprecedented levels.
Once the dollar loses its reserve status, no longer will America simply be able to print money...at that point 100,000,000 Americans currently receiving government checks with money that doesn't exist could be standing in food lines or begging at your front door for food.
Keep on dreaming, you will soon realize the reality as no nation has ever been able to recklessly debase its currency without massive consequences.
You are now prepared........you may want to buy some chickens.
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