October 19, 2009
– Comments (10)
When a naiton is infected with over $50 Trillion in debt and was dependent on borrowing money to service that debt....when the bankers raise interest rates and cut off credit....the nation shuts down unless you restructure the debt.
This really isn't a blog...just an update just as unemployment is really not under 10%, subprime is not contained, and the recession is really not over while Commericial Real Estate is continuing to crash with prices NOW down 41% and deteriorating:
Moody’s: CRE Prices Off 41 Percent from Peak, Off 3% in August
America continuing to shut down and MASSIVE slashing of wages across the nation as fewer and fewer can service debt and pay wages at the same time:
Kansas City School District - More School Closures and Layoffs Coming?
BAE Systems West Manchester - 130
New York Times - 8% of Newsroom or 100 Layoffs
Mayor Daley - Eliminated 220 Vacant City Positions
Missouri Department of Natural Resources - Cutting Jobs Today in State Park Division
Conde Nast - More Layoffs Today?
Mother Against Drunk Driving MADD - Cutting Staff at 12 Offices
GECOM - Layoffs to Begin in December
The Charlotte Observer - Looks to Cut Staff
Atomic Weapon Institute ( International ) - 50
Alstom's Hornell Facility - 502
Caesar Windsor Casino - 130
Super Kmart in Tuscan Arizona Changing to Big K - up to 36 Layoffs
Royal Bank Of Canada Trust Staff in Nassau - 1/2 Set to Lose Jobs because of Outsourcing
City of Passaic - 31 Possible Layoffs
Bass Pro Shop HQ - 6
ITS - 8
Wicomico County - Layoffs.. Unknown Number
Phoenix - 250 DPS Officers Job Cuts Possible
City of Macon - Layoffs Coming?
Still no geographical concentration to the distress.
Join Oath Keepers and invest in Defense stocks. It is the growth area and is and why so many politicians are shareholders in the Carlyle Group, the second largest defense contractor in the world and private. Our leader is an Ivy League lawyer and below is from an article in our local paper.
The group's members, which number in the thousands, pledge to disobey orders they deem unlawful, including directives to disarm the American people and to blockade American cities. By refusing the latter order, the Oath Keepers hope to prevent cities from becoming "giant concentration camps," a scenario the 44-year-old Rhodes says he can envision happening in the coming years.
It's a Cold War-era nightmare vision with a major twist: The occupying forces in this imagined future are American, not Soviet.
"The whole point of Oath Keepers is to stop a dictatorship from ever happening here," Rhodes, a former Army paratrooper and Yale-trained lawyer, said in an interview with the Review-Journal. "My focus is on the guys with the guns, because they can't do it without them.
"We say if the American people decide it's time for a revolution, we'll fight with you."
Defend the Constitution and Give Me Liberty and Give Me Profits.
More from PA and schools shutting down in Hawaii:
Massive layoffs expected for Pennsylvania state workers...
Hawaii school's out for recession...
While the dollar crashes and crashes and crashes as oil goes higher and higher:
Canadian Dollar Climbs Toward Parity With U.S.... We are 'worried' about weak dollar: Eurogroup chief...
And America pretty much insolvent with so much debt...unless we restrcture:
FDIC bank fund in the red until 2012...
Isn't the FDIC already out of money?????
Nice to see you back, It's been a while.......
Never Leave Wingman Behind!!!!...times are about to get interesting.
+1 for the Airman's Creed from an Airman's daughter.
I am shocked! You're back!
I have one thing to say;
Alstry, making money selling manure is better than losing money selling musk
If you keep your eyes on the sun and you will not see the shadows
Sometimes you must rise above being mortal.....how do you prepare when an entire nation is collapsing due to bankers cutting off credit to the private and municipal sectors a little more each day???....and much of the nations income and wealth is dependent on that debt being serviced????
Where's my buck jd? I'm not gonna lie, i was worried about owing you a mil. I pride myself on being an honest dude :)
Well, Alstry was as wrong as he could ever have been. I had already spent the winnings too! I'm a loser. He's a loser.... so i got that goin' for me...
#9---Yea- like two peas in a pod. Dubya, soon you will you know. Its not the end of the end, just the end of the end as you know it. I predict- in the morning, after your coffee, YOU will experience CONCENTRIC CONTRACTION!!!!!!!! And then you will FEEL IT. And if you "STUPID FOOL!!!" (direct quote- no offense) would just open your eyes, YOU WILL SEE IT!!!!!!P.S. saw you doggin' me for backing this fOOL up. I tend to give all the benefit of the doubt and usually regret it, so I spose we're all losers. Regards.