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Have you ever heard of mob robberies? What happens is that dozens of young people storm a store at the same time, take whatever they want, and then storm out as powerless store clerks watch helplessly. Most of the time these "mob robbers" end up getting caught, but unfortunately "group crime" is a trend that is rising. Is it a sign of the times that large groups of people are starting to recklessly invade retail establishments? Is this the future of America?
As I have written about so frequently, the U.S. middle class is being destroyed by this economy and large numbers of our young people are losing hope. Frustration and anger are rising from coast to coast and millions of Americans are losing faith in the system. The thin veneer of civilization which we all take for granted is already starting to disappear. So what is going to happen when the economy collapses? As our economic system fails, mob robberies and rampant looting are only going to become more common. Let us hope that the economy can hold together for at least a couple more years, because once society falls apart things are going to get really, really ugly in our major cities.
....Both economic and regulatory factors combined to spur the explosion in large takeovers and, in turn, large LBOs. The three regulatory factors were
the Reagan administration's relatively laissez-faire policies on antitrust and securities laws, which allowed mergers the government would have challenged in earlier years;
the 1982 Supreme Court decision striking down state antitakeover laws...; and deregulation of many industries, which prompted restructurings and mergers.
The main economic factor was the development of the original-issue high-yield debt instrument. The so-called "junk bond" innovation, pioneered by Michael Milken of Drexel Burnham, provided many hostile bidders and LBO firms with the enormous amounts of capital needed to finance multi-billion-dollar deals.... www.econlib.org...
thousands of homeowners complain that a few months after making reduced monthly mortgage payments their banks avoid permanent loan modifications. By now, it's no secret that home loan servicers are making money on foreclosures rather than approving home loan modifications. www.suite101.com...
“Simply put,” says Parker, “the government bailout of AIG has actually encouraged foreclosures because the taxpayers continue to fill AIG’s coffers with enough cash to pay out insurance on defaulted home loans.”
...CDS premium revenue is not restricted to those who might have actual losses or real assets to protect. You can bet as much as you want and create as many CDS as you want....
Originally posted by Danbones
Mob Robbers And Rampant Looting: Is This The Future Of America?
Speaking as a half indian:
I don't know about the future, but it certainly describes America's past.
Originally posted by ironfalcon
Mob robberies and rampant looting are the inevitable consequences of a collapsing economy, incrementally destroyed by design, in order to tear down the United States economically.
Inevitably, the trend will relentlessly continue on a downward spiral.
The golden age of the U.S. economy of the 1950s and 60s is long gone, and chances of a new economic heyday or renaissance are virtually nil; the globalist elite control the economies of their subject nations, period, through controlling boom and bust cycles, credit issuing, liquid asset purchases and sales, etc.
Someday, you might have to turn to looting, just to make it another day, or another week, or another month, let alone another year.
Originally posted by Segador
Believe me, as soon as it hits the fan I am out of New York.
Originally posted by HenryPatrick
and once everything totally collapses these mobs will turn to cannibalism to survive and they will taking more than goods, they will taking lives...you will have to join a mob yourself to survive, and society will evolve into small warring villages...back to the beginning...