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alstry (36.00)

The Government Crash: Tens of Millions Go HUNGRY!!!!

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November 16, 2009 – Comments (3)

49 million Americans going hungry, report finds

In 2008, 14.6% of U.S. households, equal to about 49.1 million people, "had difficulty providing enough food for all their members due to a lack of resources" said USDA. The families, which the USDA calls "food insecure," went to food pantries, enrolled in anti-hunger programs and ate less varied diets.

What do you think it is in 2009??????

While we are giving the bankers trillions and bonusing them billions of dollars........AND we are now taking back money from the eldery.

Millions will have to repay part of tax credit

This is not about capitalism letting us down, it is about fraud and theft as we dilute our currency into worthless paper.

Gold prices jump to another record level

You get the feeling something is wrong with America.....

United States Postal Services Reports an $3.8 Billion Loss

NY : City Hall Orders $1.75 Billion in Additional Budget Cuts

The new cuts would come on top of $3-plus billion dollars in cuts already enacted by the cash-strapped city government.

Delinquencies up at Capital One Credit Cards

 

3 Comments – Post Your Own

#1) On November 16, 2009 at 5:15 PM, alstry (36.00) wrote:

BIGGER THAN THE GREAT DEPRESSION...NOWHERE TO HIDE!!!!

The US consumer was going through the biggest credit contraction ever—even bigger than that during the Great Depression. "That credit contraction is accelerating," she said. "There's nowhere to hide at this point."

"The scariest thing about the Fed's program is that the money on the sidelines isn't going to support that asset class," she added. "So the trillion dollars of Fannie (Mae), Freddie (Mac) and mortgage-backed securities that the Fed is holding—there's no substitute buyer there."

http://www.cnbc.com/id/33972133

NO JOKE......

Stocks are overvalued and the US economy is likely to fall back into a recession next year, well-known analyst Meredith Whitney told CNBC.

HOW ABOUT A TOTAL COLLAPSE!!!!!!!!

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#2) On November 16, 2009 at 5:39 PM, AdirondackFund (< 20) wrote:

Ah jeez.  I come to CAPS to check in, and now I find Merdith Whitney agrees with all of my trades today.  That can't be good.  lol. 

Does she look like she just rolled out of bed before this interview?  Check out the hair. 

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#3) On November 16, 2009 at 7:44 PM, alstry (36.00) wrote:

As the recession ends, America shuts down.......

Stephenson County - 29 Sheriff Layoff Notices

Dayton International Airport On-Site Hotel Closing

Deluxe Corporation Closing Call Center in Colorado Springs - 225 Layoffs 

Orleans Furniture Company - 75 Layoffs

Orlando Hotel Occupancy at 50.3%

Very few hotels can survive for long at a 50% occupancy rate.

*links from dailyjobcuts.com

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