The Coming Economic Depression 2010

Hard hit Canadian, American cities contracting out police, garbage, other workers

“We’re on the cutting edge here. We’re the tip of the spear,” said Magdalena Prado, Maywood’s community-relations officer, who works for the city as a contractor. In Canada, “I’m gonna go over this with a fine-tooth comb — it isn’t over,” an angry CUPE Local 82 president Jim Wood said of the staff [...] Related posts:

Newark’s budget forces toilet paper cut

“At the news conference Booker also quoted as saying, “Call me Mr. Scrooge, if you want, but they’ll be no Christmas decorations around the city.” The average taxpayer sees government waste every day, yet the politicians are blind to it. It’s not a matter of cutting a hundred million here and there. It’s a matter of stopping [...] Related posts:

UK Police forces lose 60,000 officers

“Up to 60,000 police officer jobs could be lost in the next five years as the government seeks to eliminate the national debt, according to research published today.” What are some solutions to this budget crisis? make the existing officers more effective. Stop the theatrics involved in a pulling over a motorist to issue a [...] Related posts:

Historian warns of sudden “US empire” collapse

“By combating our crisis of private debt with an extraordinary expansion of public debt, we inevitably are going to reduce the resources available for national security in the years ahead,” Ferguson said. Where would we be without such geniuses to inform us of what’s been perfectly blatantly obvious to all but the most idiotic of politicians, [...] Related posts:

Central banks start to abandon the U.S. dollar

“.. just last week, the United Nations released a report concluding that the dollar should no longer be the world’s reserve currency because it is not stable enough. The dollar is down 5% over the past month, and even currency traders don’t see it as a safe haven any more.” The US dollar would almost certainly [...] Related posts:

Argentina Redux: Was US social security stolen?

Over the past 25 years, five presidents, and the members of Congress, have participated in the great Social Security scam. All Social Security contributions made by working Americans, except the amount which was needed to pay current retirement benefits, has been funneled into the general fund and used for non-Social Security purposes. [...] Related posts:

Is China to blame for the coming depression?

Mr Obama, debt is the problem, not China. The American government debt is well over $50,000 per American citizen (unofficially it’s in the 100,000’s per person). Western governments seem to think that it’s acceptable to go into deep debt today, cause inflation tomorrow, then repay the debt in the next decade with inflated dollars. China is [...] Related posts:

Many are prepared for disaster scenarios

“”We’re hitting on all cylinders as far as symptoms that have led other great powers to decline or collapse: resource depletion, damage to the environment, climate change, those are the same things that affected other great societies,” he said.” According to the Washington Post: From the outside, Jerry Erwin’s home in the northwestern US state [...] Related posts:

California lays off cops; officers won’t respond to minor crimes

Batts said the 80 officers slated to be laid off – mostly new officers – are “pretty sad and pretty depressed,” and those feelings are shared by the Police Department as a whole. Sadly during the coming economic depression we’ll be seeing more and more of our men in blue being laid off to [...] Related posts:

Obama’s debt commission warns of fiscal ‘cancer’

“I don’t know that I’ve every heard a gloomier picture painted that created more hope for me,” said Arkansas Gov. Mike Beebe (D). I have no idea what’s going to happen on Election Day but it’s going to be disruptive . . .,” he said. “It’s going to be a big wake-up call around the [...] Related posts:

As United States Collapses, Media Worships LeBron James

“Already long ago, from when we sold our vote to no man, the People have abdicated our duties; for the People who once upon a time handed out military command, high civil office, legions — everything, now restrains itself and anxiously hopes for just two things: bread and circuses” — (Juvenal, Satire 10.77–81) By Alex Jones [...] Related posts:

Canadian PM declares ‘we don’t have an economy anymore’

Free Trade is not about manufacturing. It is about allowing the Rich Folks unfettered access to banking centers and investment houses off shore. It is about the establishment of a world government with common humans nothing more than livestock to be used. Free Trade is an “Impossible Ideal”. It was a lie! A Charade because [...] Related posts:

Double dip really means depression

One of the fundamental problems is that the central government, the central bank, and the commercial banking sector are the three essential components to “managing” an economy. The first two inherently have to manage for the long-term and in the interest of stability. The third is a shareholder driven, profit maximization, quarterly return oriented, private [...] Related posts:

BP hired cleanup fishermen but never intended to pay

“Briet said he hasn’t heard from BP or its lawyers. He said the claims people have been given so much conflicting information about the process [getting paid] that they can’t provide answers. “They couldn’t tell me,” he said. “And I said, ‘I’ve got 500 people I’m meeting on Saturday. They want to know what [...] Related posts:

Ghost malls salient feature of depression

“Less than 400,000 square feet of new strip mall space was added in the second quarter, so increases in the national vacancy rate are coming from existing properties bleeding out, not from new properties,” Calanog said. July 7 (Bloomberg) — Vacancies at U.S. neighborhood and community shopping centers moved closer to the highest on record in [...] Related posts: