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alstry (35.69)

Kissing The Industrial Age Goodbye

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February 04, 2010 – Comments (5)

Many of you Fools are going to have a hard time leaving the industrial age........but you really won't have a choice.

Many cities will go bankrupt and much of the populations will be forced to leave.

Pennsylvania State Capital Mulls Bankruptcy as a Budget Option...

Many doctors will see incomes drop 50, 60, and 70%......same with most lawyers and accountants.....architects are already there.......

As I said, it is not the end of the world, just the end of a world as you know it.

Expect Social Security payments and medicare/medicaid reimbursement to be a fraction of its current amount as fewer and fewer are working supporting a ever growing retirement population.

Most pensions are already technically bankrupt......you just don't know it yet.  Payments will likely be cut dramatically going forward.

Houses.......the home will not be what it used to be, as incomes drop vacancies  will  rise and home values will  plummet...but on the bright  side, more and more will be able to live in a house....but the lower  property taxes will wreak havoc on our cities, counties and states.

Expect politicians to try to implement massive tax increases because nobody likes a paycut.

Phoenix gives OK to 2% tax on food...

And stress and social discontent to rise as change is never easy for anyone both here and abroad.

Greece faces strike barrage over cuts...

My guess is politicians around the world will look for anything to distract local populations from local problems.....

Intel Chief: US May Target Americans Overseas

Bosom bombers: Women have explosive breast implants...

Is US bullying TOYOTA on recall to help GOVERNMENT MOTORS?

Obama to Meet Dalai Lama Despite Chinese Warnings

Who knows what is news and what is noise anymore.....expect lots of both as we kiss the industrial age goodby.....

5 Comments – Post Your Own

#1) On February 04, 2010 at 5:07 PM, alstry (35.69) wrote:

IF YOU THINK AN AGE IS COMING TO AN END, AND YOU ARE A PUBLIC COMPANY WITH FRIENDS LIKE ROCKEFELLER.....YOU MIGHT AS WELL PREPARE FOR THE COMING OF THE OTHER BIG GUY

Kinti Mining Lmtd.'s (KMLD) Announces Supriem David Rockefeller and the Rebuilding of the 3rd Jewish Temple in Addition to Frank Love Commencing the "Temple Now Project"

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#2) On February 04, 2010 at 5:48 PM, biotechmgr (58.99) wrote:

Ok, we see a similar vision of this depression. The question now is what do we do. Atlas Shrugged? Do we now plan a better future in some way?

 Who else out there?

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#3) On February 04, 2010 at 6:03 PM, fadler1 (< 20) wrote:

WOW..........and the latest press releases say anti-depressants don't work.  What to do?

The "Internet Revolution" is like the "Industrial Revolution" in its scope and impact on the population.  During the latter which occured a millenium ago, our agrarian society changed their lives and moved to the cities for proximity to "industry".  The society, the systems, the lifestyle all changed.  The Internet has caused an event of similar proportion a millenium later.  We are truely a world economy now.  We certainly need less "middle men" for sales and distribution since everything is two clicks away with electronic banking to pay for it.  How will we survive?  How will we respond?  We just will.  Life as we knew it pre-PC and internet is not coming back and no amount of protectionism can change that.  Attempts at territorialism and preservation of the "old ways" led the world to wars and famine.  Hopefully this time we are smarter.

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#4) On February 04, 2010 at 6:11 PM, davejh23 (< 20) wrote:

"The "Internet Revolution" is like the "Industrial Revolution" in its scope and impact on the population.  During the latter which occured a millenium ago, our agrarian society changed their lives and moved to the cities for proximity to "industry".  The society, the systems, the lifestyle all changed.  The Internet has caused an event of similar proportion a millenium later."

I need to study up on my history.  I didn't know that the industrial revolution occurred 1,000 years ago.  Which cities were the largest manufacturing centers in the year 1010?

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#5) On February 04, 2010 at 6:15 PM, alstry (35.69) wrote:

Now we are thinking as the Industial Age is still at the early stages of shutting down.

Burns & McDonnell has laid off another 28 workers: 16 in St. Louis and 12 in Chicago.

A total of 123 workers remain in St. Louis, down from 139 at the end of 2009, and 154 are left in Chicago, down from 166 at the end of 2009, said Roger Dick, a spokesman for the engineering firm.

Affected workers were in various disciplines, including energy, infrastructure work, roads and bridges, as well as industrial projects, he said.

The job cuts follow 25 layoffs last week in the company’s process and industrial group in Kansas City.

“Letting colleagues go is very difficult, particularly as an employee-owned firm,” said Breck Washam, associate vice president and manager of the St. Louis office, in a statement. “The economic recession is hitting a number of our clients very hard in both the public and private sectors. We’re working very hard to get the project pipeline filled again, but unfortunately a lot of good clients are feeling the effects of the recession and have a limited amount of capital project work right now.”

http://www.bizjournals.com/stlouis/stories/2010/02/01/daily62.html?surround=lfn

If there is NOTHING in the pipeline, there will be NO WORK in six months.  And Benny the B tells you we are in a recovery and Summers says the following?????

Summers Sees `Better Established' Recovery in Six Months

I GUESS NOBODY WANTS TO BELIEVE WE ARE SHUTTING DOWN THE INDUSTRIAL AGE.

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