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Originally posted by David9176
Circuit City is toast as well. They employ 30,000 workers...all of whom will be in the unemployment line soon...along with the 500,000 other newcomers who join them in line.
Where ever you look today, it's not good. Whether it's a state, business, real estate, etc. It's bad everywhere and shows no sign of stopping and reversing itself.
I just don't think it's possible anymore. Have we hit the point of no return?
Originally posted by Europe
I cant wait for two years down the line, when your economy is back on track and i am gonna laugh in every single one of your nah saying, doom and gloom faces, a lot of people are getting laid off FACT even more will get laid off FACT
that still leaves (at minimum) 150 million people employed.FACT
Employed will always outnumber unemployed by a huge margin. FACT
Originally posted by redhatty
reply to post by Europe
Ya think? Check out Layoff Daily and see just how many are losing their jobs every single day
Originally posted by lunarminer
reply to post by Rockpuck
Keep your eyes open folks, this is going to get stranger and stranger. This is new territory for the US and I don't think that any of us can predict where this will go.
Originally posted by Europe
"dont be economic girly men" hahahaha, i nearly wet myself laughing at that!
Why has this come as a surprise to people? there are better things to pay for than grants for students and the likes, such as police, firefighters, hospitals and such.
Originally posted by Europe
"dont be economic girly men" hahahaha, i nearly wet myself laughing at that!
Why has this come as a surprise to people? there are better things to pay for than grants for students and the likes, such as police, firefighters, hospitals and such.
Originally posted by Europe
I cant wait for two years down the line, when your economy is back on track and i am gonna laugh in every single one of your nah saying, doom and gloom faces, a lot of people are getting laid off FACT even more will get laid off FACT
that still leaves (at minimum) 150 million people employed.FACT
Employed will always outnumber unemployed by a huge margin. FACT
Originally posted by lunarminer
reply to post by Rockpuck
If this was engineered it's been in the works for over a decade. What would be the motive?
Originally posted by MischeviousElf
Originally posted by Europe
I cant wait for two years down the line, when your economy is back on track and i am gonna laugh in every single one of your nah saying, doom and gloom faces, a lot of people are getting laid off FACT even more will get laid off FACT
that still leaves (at minimum) 150 million people employed.FACT
Employed will always outnumber unemployed by a huge margin. FACT
Please show me and us some FACTS of which I can post many, of historical events within the world economy, that show what you say to be true.
You will find the drop in Shares, jobs, commodities (copper etc manufacturing ones) that have happened in other world depressions were much less than now.
I can show you the graphs, information and historical similarities if you like.
Please show some FACTS that show where the jobs currently being lost will be replaced by, and if they are by printing money or huge public expenditures does not lead to stag or hyper inflation.
Then show me where Stag or hyper inflation has not lead an to depression's where people starved and lived in tent cities, in countries like America, Uk, france etc....or a world war happened.
Please show the FACTS that show when in the historical realities of how this has played out before, when debt, and mortgage lending was almost non existent compared to today of how this turned around in two years.
In fact where is one of your FACTS against the reality of what is happening now.
Psy op facts? as did you know the Population of the USA is 600 million?
That is a Fact. 1 in 4 working does not equal more people working than not.
Elf.
[edit on 16-1-2009 by MischeviousElf]