No Jobs, No Hiring, No Money.....Zombulation
When credit expansion was the driver of the productive economy........and bankers cut off credit but maintain the full debt to suffocate the cash flow......you destroy the productive economy as cash flow drops so low there is not enough money moving around to service the debt and/or do much of anything.
Whether you like it or not.....our private productive economy is shutting down while we are bonusing the banksters and giving them practically unlimited free money to destroy the private productive economy.........it is truly unbelievable how complacent America has been watching this unfold as the taxpayer bailed out bankers laugh at the nation's expense.
When the private productive economy shuts down........tax receipts evaporate. Now there is a tension between the needs of government and the ability of the private economy to pay taxes. Tensions will rise going foward as receipts continue to evaporate and demands on government explode.
This is Zombulation my friends.....and the policy of Benny The B....causing America to run out of money, run out of income, and run out of access to credit...........driving us to simply economically shut down.
Now Zombulation is spreading rapidly......if you personally have not run out of money yet, soon your employer might or his customers will......and then eventually you will. Soon so few will have any money that we simply can't sustain our nation as we know it.
How many Detroits can America sustain and support??????
The only way out of this is to purge or restructure the debt.....to bring the cost of expenses and servicing our debt in line with our revenues......until we do that, conditions will get worse at an accelerating rate. Plain and simple.
Based on the current trajectory of job losses.....we had over 20,000,000 receive unemployment benefits in 2009....we probably had another 5-10,000,000 independent contactors lose incomes in 2009 that were not counted. That is over 25-30,0000 Americans lose incomes with very little job creation............
In 2010.....we will likely see at least the above number and probably more people lose jobs/incomes taking true unemployment to closer to 50%............placing massive burdens on government against an evaporating tax base. The only reason the unemployment rate is only 10% is because the BLS keeps aribitrarily taking hundreds of thousands of Americans out of the workforce each month even though the population is growing.
Right now the only three areas receiving unlimited access to credit is War, Welfare, and Wall Street Bankers..........guess where that is directing our nation????????
In the past, whenever a central bank has instituted a Zombulation policy........WAR has always been the outcome......the larger the nation, the bigger the war.
We are just about at the point where government and Wall Street Bankers can't conceal the true conditon of our economy. Without a massive restructuring of debt......there is only one choice left.
Now the question is what will the government be forced to take from you when there is practially no tax receipts, a massive welfare burden, and an exploding cost of defense while the bankers are continuing to line their pockets with your money as they cut off productive America from credit??????
PS...Things are this bad WHILE running a $2 Trillion dollar deficit MASSIVELY stimulating health care, welfare, and war.....imagine where things are going when tax receipts shrink further and governments' demand explodes...and you don't have that much money to give them.......can you fight so they can maintain their lifestyle????
Outlook for Job Market is Grim