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The Coming Depression has Begun:Tent Cities have gone up in Suburbs

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posted on Jan, 3 2008 @ 10:49 PM
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Originally posted by manson_322
man is USA becoming poorer and poorer day be day

anyways with children in USA obssessed with sex and hedonism and have no moral values, and having far inferior education to indians, japanese and chinese , it should be expected that will lose their jobs and be reduced to poverty



Uhm.... it was these outdated morals that got us into this to begin with. Remember the morals were replaced with corporate greed, not childish mischeif. Heck, that is the only thing that can save us now; childish mischief.

Look at the self hatred that these overbearing moral systems breed. This is what leads us to the extreme hedonsim you speak of, something to kill the pain of self-hatred which is being spewed like venom from the ever increasing extreme fringe of religions.

Keep in mind also that it was the inferior education of the the misfit colonists which threw off the oppresive arm of the organized British armed forces. I agree our education system is seriously flawed in the US, perhaps beyond repair, but Edison invented the lightbulb on an eighth grade education. Acutally formal education is more than likely our biggest problem. I don't have a day in school under my belt, but I make more than anyone I know and support my family, my parents and my wifes parents. The reason is because I had to "learn" as opposed to the farce that is being "taught".



[edit on 3-1-2008 by Quazga]




posted on Jan, 3 2008 @ 10:59 PM
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Originally posted by Key-Minder
In a way, I am like a pet cat who was fed tuna for the first time. Now that I have experienced the taste of tuna, I will not forget it, and I cry out for tuna every time I come in the kitchen, but now the tuna is no longer affordable. I am like the pet cat who watches the cat next door eat tuna for dinner every night and I know what it's like, I can taste it in my mouth because I had it before, but the tuna is no longer affordable, so I don't get any. But I know what it's like, yep, sure do, wow, it's very nice. So I go and eat my generic dried cat food. The same generic dried cat food week after week after week.

I have accepted a job paying 7 bucks an hour with a very small business that cannot afford to pay me more. This new job should supplement the other job I have which entails sporadic project work. Maybe now I can finally stop using my credit cards for partial rent payment, electric, phone and food. I dare say that it is an honor to work alongside fellow Americans who once new the taste of tuna, or only had visions of tuna, and eat dried cat food, week after week after week, in a land with such vast & abundant "amber waves of grain/tuna".

I am grateful that I have a small apartment. I had a grand house but I lost that.

I am grateful that I am able to obtain some food. I used to be able to do awesome grocery shops every 2 weeks.

I am grateful that I have a beat up car that runs. I used to have a sweet looking SUV but I had to sell it to help pay off a credit card and get a root canal.

I think this is how us Americans are supposed to live. This is it. It's living, but it's just a level, a way, way lower level of living, but only materialistic wise. Maybe I'll get used to it, insofar as it becomes only a slight dull pain in the back of my memory; those faded memories of knowing all about tuna, as I listen to stories around a fire, maybe someday in a tent city, where there is love at least.



Sweetheart, come up with an easy idea, go to mfg.com get someone to make it for you and sell it for a profit. It's not that hard, unless you believe the lies you were taught as a child which state we can't have it all.

You say you had tuna, but it wasn't real tuna because you had all that credit debt. You don't actually have a house, SUV, etc unless no one else owns it. Only then are you really eating tuna, otherwise you're just faking it. And belive me.. the tuna tastes so much better when it's not tainted with credit card debt.



posted on Jan, 3 2008 @ 11:14 PM
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Thanks JackInThebox & Krill.


Pjs, that is pretty funny there. Ha, ha. Hey, I wanted to tell you I got your email but cannot reply because I need 20 posts to do so! So I will get back to you. And...I just figured out that we have access to email here this evening. Sorry for the delay. :-)

Hope things are going well enough for everybody that has been here and still comes by here to check out this thread.

I just read this tonight and thought it may be of interest. Seems President Bush and his advisors are planning on stimulating the economy.




WASHINGTON — Amid new worries about a possible recession, the housing slump and rising oil prices, President Bush is exploring an economic stimulus package to reinforce the U.S. economy.
White House press secretary Dana Perino said Thursday that Bush is closely monitoring economic trends and is seeking input from his economic advisers on the pros and cons of such a package.

"The president has indicated that he will not make up his mind as to whether or not to lay out a package until the State of the Union," Perino said about the president's speech on Jan. 28. "Our economic policy is like our military policy. It is based on conditions on the ground and the president listens to advice from his economic advisers."

On Friday, Bush will receive an update from a working group on financial markets, an interagency panel that meets regularly to discuss market conditions and regulatory policy. Treasury Secretary Henry Paulson is chairman of the group. The other members are: Federal Reserve Chairman Ben Bernanke; Chris Cox, chairman of the Securities and Exchange Commission; and Walt Lukken, acting director of the Commodity Futures Trading Commission.

The Commerce Department reported Thursday that orders for manufactured goods rose by 1.5 percent in November, the biggest rise since a 3.4 percent surge in July. But the increase reflected higher petroleum prices and was not seen as a sign of renewed strength in the nation's manufacturing sector.

The Federal Reserve cut a key rate three times last year. Many economists predict there will be more rate cuts to come to help energize a weakening economy.

The president says he knows the public is frustrated and restless about the economy, and that his administration is trying to help people deal with their mortgage crises, energy bills and education concerns.

In his end-of-the-year message, Bush said, "The underpinnings of our economy have proven strong, competitive, and resilient enough to overcome the challenges we face."
*Source of this Quote is here*



posted on Jan, 3 2008 @ 11:21 PM
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reply to post by Quazga
 



Yeah, makes sense - it was never real tuna because that was the case - the bank owned it all.

I'll check out that website and see if it's as easy as you say.



posted on Jan, 3 2008 @ 11:43 PM
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I hope I don't get in trouble for using this, but I found an image that really struck me and I really think is belongs in this discussion. If it must be removed later, so be it. But again, I can't resist posting it.




posted on Jan, 4 2008 @ 03:00 AM
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In 1976 I traveled with my wife to California from Ohio. We crossed a bridge that traveresed the Mississippi River from Memphis, TN to West Memphis, AR. Looking down below the bridge on the right side of the right lane, we saw a tent city. It was dreadful. I had never seen such a sight. People displaced like in the books by John Steinbeck. Oh, how luck we were. We had a 500 dollar Volkswagen and we had 200 dollars in our pocket and were able to make it to California. What happened after we got there was sad in a way, but we made it out of there and made a success of our lives. But it did take getting through 4 years of Jimmy Carter. Thankfully in California we had Ronald Reagan as a governor and his policies did much for the poorer population, if they took advantage of them, like we did.



posted on Jan, 4 2008 @ 09:50 AM
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reply to post by Key-Minder
 


Let see the firgures as Decemeber, perhaps Mr. Bush needs a class in economy.

The euro rose to 1.4746 dollars at 2200 GMT after 1.4721 late Wednesday in New York.

The dollar was trading at 109.30 yen, down from 109.59 on Wednesday.

When the dollar gets down is less attractive to investors, making the dollar even more weeker than we want it to be.

In december only 40,000 jobs where created 173,000 in November. Market analysts had forecast a figure of 45,000.


The total number of people collecting unemployment insurance rose for a fourth straight week, to the highest since October 2005, the report also showed.


www.bloomberg.com...

The problem with this is that our government do not take into consideration that this a nation of 300 billion people 40 thousand jobs on service sector do not fed a family of 4 anymore.

This numbers do no reflect how many unemployed adults with family are out there, neither how many college students graduate and can not find a job, neither how many high school students no college bound are trying to find a job.

Do the math you do not need to be a mathematician to understand that 40 thousand jobs is nothing but lose change in a nation of 300 million people.

Now from that amound how many good skill jobs are outsourced to India and Palistan over US college graduates?

The figures are a shame to what is call the land of opportunity .

Let look at exports even with a week dollar,


The Institute for Supply Management (ISM) said Wednesday that its index of US manufacturing activity dropped to 47.7 in December, the lowest level since April 2003 and down from 50.8 in November.


blogs.wsj.com...

We have a trade deficit, that means that our goods are not in demand in countries that already have surplus of goods.

Why buy American goods when their own goods are cheaper? Trade unfair practices and a government that is doing no a darn thing to fix it is the one at fault in our nation.

Bush will do what Bush is good at,take the reports that look good to him and lie to the American people one more time.



posted on Jan, 4 2008 @ 11:42 AM
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Having been in the construction related field for over 30 years,I remember the recession of the 80's housing went up etc,but not at the rate it has now,I was fortunate to get divorced and had to sell off 2 of my homes,I made close to a million dollars off them,when in total I had only paid 150,000,I feel sorry for my kids,I guess all I can do is wait for real estate to fall and buy them each a house,in the mean time,I'm wondering if my dollars will be any good in the future



posted on Jan, 4 2008 @ 11:49 AM
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reply to post by Oldtimer2
 


That will be the best thing you could do for your children, if you have the cash you will be fine and it your children will have 100 % investment back once the market problems starts to reverse few years in the future.



posted on Jan, 4 2008 @ 02:47 PM
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reply to post by jackinthebox
 


Thanks for the encouragement. Right now I don't even have an official diagnosis
since the tests have all been nerfed by the CDC and routinely come up negative, especially for late stage Lyme disease.


I think I'll be on antibiotics for a looong time.
Meanwhile I'll have to figure out how to make a living in an economy destroyed by our criminal leadership. Did you guys notice the latest job report? They are finally starting to acknowledge the recession. They will lower rates and forever trash our currency. It will make the Peso look like a safe haven before it's done.



posted on Jan, 4 2008 @ 05:57 PM
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I will like to fix the error I made on my post, we have 300 million people in the US accounted for not 300 billion.



posted on Jan, 5 2008 @ 05:02 PM
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I am v. impressed with the quality of writing here.

pjconcrete : the march on Wall St is a good idea. It is exercising the democratic right of free speech and freedom of assembly. But the poster from NYC wrote that protest groups are frowned upon and fading away. So in order to assemble and protest, to use your democracy, you may well be risking another Kent State type of incident.

I am Canadian and the Montebello summit near Ottawa last summer had protesters galore outside, they were allowed to assemble, out of view, of the politicians attending. Also, be very aware, there were police agitators in the crowd. Real policemen in street clothes that tried very hard to foment violence and thus start a riot. The protesters screamed out what was happening, and 'Get a camera in here", and flipped up the bandana masks on them. To maintain peaceful protesting and not respond to provocation took real strengh and courage.
This is likely what will happen in future protests, create an excuse for a serious crackdown.
The poster who said "the fix is in (its Hillary).." yes, I agree. I still think that we don't have to go along with it. I have made my (consumer) footprint on the earth very small indeed. And it is going to get a lot smaller but now due to necessity, not choice.
I once looked up how much profit a bank makes. It is obscene and criminal. There should be a cap on high-end incomes and profits, the surplus to go to low-end housing. The individual or corp. to receive heaps of respect and goodwill for being bountiful. Sort of a potlach. An excuse for another awards show.
Ramen Noodle Lady : hang in, It is not whether we win or lose in the short term. It is in continuing the struggle that we triumph as human beings. I've been looking for a non-embarassing job for 7 months. Just something where I could hold my head up.

Yeah, I remember tuna.

We should be kind to everyone we meet, for we are all fighting a hard battle.



posted on Jan, 7 2008 @ 07:00 PM
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Look what showed up today on Yahoo News of all places.

promo.realestate.yahoo.com...

NEW YORK (CNNMoney.com) -- The United States is deep in its worst housing slump since the Great Depression, and according to a new report, it's not going to get better any time soon.

Ok doubters, even the MSM is picking up on this now!


In a new survey, Moody's Economy.com says many metro areas will record losses of 20 percent or more during the downturn, with the national median price for single-family homes dropping 13 percent through early 2009. Factoring in discount offers from sellers, the actual price decline would be well over 15 percent.

Houses here that were going for 300,000 here on the barrier island are now down to 180,000. That's alot more than 20%.


One such place is Punta Gorda, Fla. In Moody's outlook, prices there will undergo the steepest correction of any U.S. market. From their peak during the first three months of 2006, to their bottom, forecast for the second quarter of 2009, prices will decline 35.3 percent. That's in nominal dollars; adjusted for inflation, the loss will be even greater.

And how about this little nugget.

The housing slump will have a substantial impact on the overall economy, according to Moody's, which says it will depress real gross domestic product by more than a percentage point this year and by 1.5 percentage points in 2008.

Ok, so if a month ago they were expecting a growth in the GNP of around 3%, not taking into account inflation, then the new number if you take into account the 1.5% decline from money not available due to home value decreases then the growth for the GDP is 1.5%. With inflation taken into account, the growth is -1.5%.

Of course that also doesn't take into account that people can't get credit as easily, so there's less to spend. At least the oil companies will still make money I guess.


By the way, I found a job as a sales rep for Chemlawn. Not near what I was making before the bottom dropped out, but I'll be able to eat anyway.


Has anyone else noticed how the price of gold has gone up like crazy over the last couple months? Another sign of upcoming turmoil.



posted on Jan, 7 2008 @ 09:21 PM
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Well..

I was at my company's district meeting today, and one of the people from the crowd asked the CEO a question, it was, what was his personal take on the US economy.

His response (and note this is a Fortune 500 company)

Recession. No doubt about it.

Comforting to say the least.



posted on Jan, 7 2008 @ 10:40 PM
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reply to post by Rockpuck
 


As a nation we will survive, but how many people will be losing everything, their life savings and retirement accounts and American dreams, that is going to be the down fall of it.

But we will survive, the key is no to allow our nation to be run by corporate greedy politicians on agendas anymore.



posted on Jan, 8 2008 @ 12:10 AM
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reply to post by Rainy Day
 


I'll have to disagree with you on the profit caps. That would seal the fate on any economic recovery and is not needed. All that is needed is for the government to do it's job and create a fair marketplace, where the best ideas and best products win the day. It is not the governments job to protect the obscene profits of criminal, mob-like monopolies. One of those monopolies happens to be China Inc. They enjoy 30% tariffs against the import of American goods and they get to run slave labor camps in order to steal all of our manufacturing and even our engineering. The other monopoly is the oil company cartel. But that is another story.



posted on Jan, 12 2008 @ 01:28 PM
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reply to post by SevenThunders
 


To expand on that, I mean a system of percentages where the chief makes no more than forty times as much as the lowest paid worker. Or fifty times, or ten times as much, something where the numbers workout. This way the chief stays rich, he's happy and has incentive, and the lowest paid would also move up the scale of income, because their income increases at the same percentage rate.
This isn't my idea I heard it a long time ago. I think it is a good one. I also think it is unlikely to be adopted. Smacks of socialism.

About China : China is a sleeping tiger. I lived in northern China for five years. They require joint-venture companies, means half foreigner /half Chinese national - owned. Chinese quality goods are really shoddy. I am surprised they got something into space! But soon the factories will know how to make goods to foreign standards, they will have all the factories and technology and cheap labour.
I think it likely that the Chinese gov't will "nationalize" all industry on Chinese soil. This a lot of foreign investment. The West doesn't understand that it is considered honourable to lie, cheat and steal in business or other dealings in Chinese culture. Especially if it is a foreigner (white or black or Indo, for they are all Chinese!) they are dealing with. But it doesn't matter, honesty is a novelty. Of course there are good and bad everywhere, but a lot of bad people there are in the gov't and big corps and mafia. (Same as here...)
Contracts in China are like leaves on a tree, always changing. It is this way too, Chinese people love owning or receiving as gifts, American goods. The people are nice and do want to be friends, they have a bad gov't.

So a recession in the West would get massively worse if China decides to nationalize all foreign interests, foreign ownership, wouldn't it? They can do that with communism.



posted on Jan, 12 2008 @ 01:40 PM
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Originally posted by Rainy Day
To expand on that, I mean a system of percentages where the chief makes no more than forty times as much as the lowest paid worker. Or fifty times, or ten times as much, something where the numbers workout. This way the chief stays rich, he's happy and has incentive, and the lowest paid would also move up the scale of income, because their income increases at the same percentage rate.


Yeah the founders of ben and jerry's ice cream supposedly had this system. However this type of thing never counts the real money in executive benefits: Stock. They were still making millions, their *salary* was the 40x.



posted on Jan, 12 2008 @ 01:46 PM
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reply to post by Mainer
 


I say let them have their stocks. Regular employees can play the market too if they want to, though obviously on a micro scale by comparison. Something needs to bring about some measure of equality, even in a capitalist economy. There is no excuse for have people living in tents and suffering malnutrition in the richest country in the world. Not even if they are lazy drunks who don't want to work. (Which anyone who knows anything about poverty knows substance abuse can actually be caused by poverty.)



posted on Jan, 15 2008 @ 12:16 AM
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I find it interesting how people want to put blame for things like this on the shoulders of others. The blame in a majority of these hard luck cases rides onthe individual, not China, trade policies, or whatever leader is in office.

I was a victim of my own actions years ago, and it wasn't much fun digging myself out of the hole I had constructed. I had thousands in credit card bills, nothing in my bank account, and a job that wasn't going to be around much longer. It has taken years to get out of that mess and I still have a bit of work to do.

I also know many people who are or where out of work and kept living as though they would have a job making as much or more then they were making before. Not one of them ever found that job. I took drastic action by moving out of my 882sqft apartment and moving into a run down house with 3 other guys (kinda like the house in the movie Fight Club).
I hated living there, but I was only paying 188 dollars a month.

I don't feel sorry for the people with kids either. I hate when people bring children into a discussion to try to make others feel guilt or pity. If you can't feed them, then don't breed them. Having kids is like buying a house, each one comes with an 18 year mortgage, so plan ahead.

As for the subprime loans, and the housing "crisis", all I can say is that some people bought homes based on hope. Hope that the economy and their jobs would continue to grow. Hope that housing prices would continue to go up in their neighborhoods. Hope that they could always pay the bills. Hope in relation to money and economics is gambling, and that is exactly what some people did.






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