Nokia Announces SUBSTANTIAL Job Cuts
In the Digital Age, you simply don't need as many Industrial Age jobs, and Digital Age jobs will pay a lot less....or at least a lot less than Americans and Europeans are getting paid as many overseas as qualified or more qualified will do the same or more work for a fraction of the price.
The process of transforming from the Industrial Age to the Digital Age will cause massive convulsions across the globe. By throwing money at a structural problem, it will only exacerbate Food and Fuel inflation and Deflation everywhere else.
Since Bernanke doesn't count Food and Fuel into inflation.....he will keep telling you he is fighting Deflation as the world has a harder and harder time eating.
It is not the end of the world....simply the end of a world as you knew it......and the beginning of the www.udderworld.com
Workers, including Doctors, are striking in Thailand, Greece, Pakistan and many more nations currently....expect this trend to increase around the world as we proceed into the Digital Age.
Just one question, what is a house, or investment portfolio worth, when most can't afford a loaf of bread?.....soon you will understand why I keep posing this question for the past few years.