Use access key #2 to skip to page content.

alstry (35.21)

In The Digital Age...2/3 of Jobs GONE!!!!!!

Recs

14

June 01, 2010 – Comments (9)

Hewlett-Packard to cut 9K jobs; see $1B in charges

9000 Jobs?  In a technology company?  A market leader?

Welcome to the Digital Age.....where efficiency reduces the need for labor.......in addition, did you really think we could simply consume and live off entitlements our whole life while producing less and less? 

Eventually we run out of savings and run out of access to credit....remember ZOMBULATION........and at that point we must produce or fight to try to maintain the world as we know it.....

The problem is our only major source of productive growth right now is the MILITARY.....and since we don't produce enough NON military output to maintain the current system....it appears the only way we can increase production is to fight....and boxing matches can  be exciting for the spectators.

And you "money printing" Fools....printing money without a corresponding increase in production accomplishes zero.......whether a loaf of bread is $3 before printing or $6 after printing..........if your wages have not doubled....which they will not without increased production.....you are just one step closer to starvation.

If you don't believe me.....just ask the elderly dependent  on Social Security or the tens of millions of Americans who have seen their wages decline over the past ten years.

My Sheep....My Sheep.....WAKE UP......WE MUST START PRODUCING OR RESTRUCTURE.......how well do you fight?

Seriously.....are you really watching the ticker.....you knew it was over on 9/09....when our major government agencies were bankrupt and you didn't care.....you just wanted to maintain your lifestyle rather than deal with the issue at hand....now we will have to deal with both as the problem is a few trillion dollars bigger.

9 Comments – Post Your Own

#1) On June 01, 2010 at 8:52 AM, nnbelani (< 20) wrote:

Well said. But do not forget American resilience.

Report this comment
#2) On June 01, 2010 at 8:58 AM, alstry (35.21) wrote:

Nobody is more confident of American resilience than Alstry.....what concerns me is this sheep epidemic sweeping the nation.

No matter how resilient you are........if you are sick.....your capacity is deminished.

Report this comment
#3) On June 01, 2010 at 9:11 AM, russiangambit (29.51) wrote:

> Well said. But do not forget American resilience.

It is a myth, that is all I have to say. Lets stop extending the jobless benefits and then we'll see how resilent americans are. For now it is just talk. I think the resilience will be demonstrated through complete chaos , robberies and crime.

As for HP,  fomr my expeirnece of working there, I think it is just an excuse to cut expensive workforce and rehire in India and China. It will be just a different kind of workforce and so much cheaper. The bottom line, it is an ongoing cost cutting effort . They've been doing since 2001. Every year there is a mass lay off for this or that reason.

Report this comment
#4) On June 01, 2010 at 9:21 AM, alstry (35.21) wrote:

Bingo Russian....

Americans used to be resiliant....now maaaaany of us are sheep....

living off "retirement"....or the government.....

Pruduction in America has slowed to a trickle absent that driven by sheep consumption and government spending.

Look at contruction....practically nothing is being built in America right now......

Most of the automobiles are made by foreign corporations......

And yet the sheep still want to maintain their lifestyle and their expectation for "retirement" when they are producing practically nothing......

When you produce little and run out of savings.....the only thing left to do is fight for your neighbors pruduction......it is simply the natural evolutionary process in the business cycle.

Report this comment
#5) On June 01, 2010 at 10:11 AM, biotechmgr (37.47) wrote:

I am interested by the idea of American resilience which is probably a thing of the past. I know some resilient people but I think a majority of the populace has gotten soft. Americans expect a certain way of life and standard of living, not to mention the outright entitlements from the gov.

Even in the company I work for, the words "continuous cost reengineering" have been used. Firms will continue to layoff, outsource, offshore in an effort to keep earnings up as revenues decline.

People will need to learn true frugality to be resilient. This is something I am delving into, the idea and practice of simpler living and self-sufficiency.

 

Report this comment
#6) On June 01, 2010 at 10:15 AM, biotechmgr (37.47) wrote:

I am interested by the idea of American resilience which is probably a thing of the past. I know some resilient people but I think a majority of the populace has gotten soft. Americans expect a certain way of life and standard of living, not to mention the outright entitlements from the gov.

Even in the company I work for, the words "continuous cost reengineering" have been used. Firms will continue to layoff, outsource, offshore in an effort to keep earnings up as revenues decline.

People will need to learn true frugality to be resilient. This is something I am delving into, the idea and practice of simpler living and self-sufficiency.

 

Report this comment
#7) On June 01, 2010 at 10:17 AM, alstry (35.21) wrote:

We will  outsource and downsize until there is little left to cut........

The process will accelerate now that government is running out of funds.......

As the government cuts.....sales to private business will also decline....forcing even more cuts.......

At some point....the government will have to make a choice to itself.....take over the productivity of the nation or restructure it the obligations it promised but can't afford to pay.

The process will be painful....and as you have astutely observed....most Americans are NOT prepared.  Hence, why I believe that war is a very substantial probabilty.

It will be an effective way to toughen up the populace and alter their expectations without overthrowing the government.

Report this comment
#8) On June 01, 2010 at 11:10 AM, PDTBiotech (93.28) wrote:

American Resilience is long dead, but so is American Uppitiness - for this reason I think there's very little chance of anything truly nasty happening in terms of social unrest here.  1/3 of the country is overweight, 1/3 is obese, and the elderly population is the most rapidly growing segment.  If people can't even be bothered to get off their a$$ and do any exercise or physical work what makes you think they'll do anything but shrug when the TV tells them their retirement isn't going to be as awesome as their parents was?  War won't toughen such people up, especially when it consists of their children and grandchildren sending remote control missiles into buildings from miles away.

You keep mentioning the elderly.  Much like investing in ridiculous mortgages, if you don't do your research you deserve what you get.  My grandfathers were case studies in this - one retired with a pretty modest savings which he invested very wisely, got nearly 40 years of retirement, paid for all of his and his wife's medical expenses (they lived to 92 and 94) and left his family a large mix of stock, bonds, cash, real estate, and best of all, a kick-a$$ gun collection.  The other relied on a pension and SS, and ultimately had to go back to work in his late 70s.  When his health went downhill he had to go to assisted living, and the family had to pay his way.  Everyone was glad to do it, and the money really wasn't an issue, but he was still ashamed.  I spoke with him at length about it, and while I felt bad for him to his credit he rightly concluded that it was entirely his own fault and took responsibility for it - he hadn't thought much about his retirement and assumed it would just work itself out.  It didn't.  Needless to say no one else in my family is taking things so lightly.

Report this comment
#9) On June 01, 2010 at 1:24 PM, dickseacup (67.39) wrote:

1/3 of the country is overweight, 1/3 is obese, and the elderly population is the most rapidly growing segment.  If people can't even be bothered to get off their a$$ and do any exercise or physical work what makes you think they'll do anything but shrug when the TV tells them their retirement isn't going to be as awesome as their parents was?

I posted as much last week in response to one of alstry's blogs. The revolution will not be televised because there will be no revolution. No revolution by anyone of any race. The Control Party in the United States has succeeded in homogenizing all peoples. Everyone[1] is equally indifferent to what is going on around them...as long as they have their television shows, crappy music, cheap trash from Wal-Mart and processed grease and salt from McDonald's. 

[1] Present company excepted, but there are always exceptions that prove the rule. ;)

Report this comment

Featured Broker Partners


Advertisement