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The daily bleeding of thousands of jobs will soon turn our economic crisis into a political crisis. The street protests, strikes and riots that have rattled France, Turkey, Greece, Ukraine, Russia, Latvia, Lithuania, Bulgaria and Iceland will descend on us. It is only a matter of time. And not much time. When things start to go sour, when Barack Obama is exposed as a mortal waving a sword at a tidal wave, the United States could plunge into a long period of precarious social instability.
The daily bleeding of thousands of jobs will soon turn our economic crisis into a political crisis. The street protests, strikes and riots that have rattled France, Turkey, Greece, Ukraine, Russia, Latvia, Lithuania, Bulgaria and Iceland will descend on us. It is only a matter of time. And not much time. When things start to go sour, when Barack Obama is exposed as a mortal waving a sword at a tidal wave, the United States could plunge into a long period of precarious social instability.
While the O.P's scenario seems a bit extreme, it could happen. I suggest that President Obama pass the best bill for job creation that he can envision, regardless of opposition from the right, and show this country that we CAN create a much better balance between management and labor than we have seen thus far! Henry Ford really had this one right, and I am continually amazed that his example is so thoughly ignored by just about every major employer!
What a great read! I think its a bit long to get a good dialogue going! The unforunate thing is that most who post here are not interested in anything that is not summed up and spoon fed to them! Is there anyone else that bothered to read the article?
Here's an interesting read along these lines from Howard Kunstler. Kunstler's forecast 2009 (http://www.kunstler.com/Mags_Forecast2009.html - broken link)
What a great read! I think its a bit long to get a good dialogue going! The unforunate thing is that most who post here are not interested in anything that is not summed up and spoon fed to them!
I will admit to not following the link (was there one??)
I usually don't even open a post that starts with such (virtual) histroncs
Laugh all you want. I've made myself, name and life long liviing investing and studying the economy. We have doomed ourselves this time. While I have no crystal ball to state just how bad, "BAD" will be. I predict something from "The great depression was a cake walk, to Jimmy Carter's 1970s." It will fall some place between there. And, as you know, that is no good place to be. The die is cast folks, there is not silver magic bullet. If you did not plan and prepare for the storm that is coming, you are likely going to find yourself living in a tent city and standing in daily soup lines within the next 12-24 months.
And on another note, the wierd thing about all this? A thing called 2012 and the great Mayan calender, stating we will enter a new awakening. My wife is a 100% practicing Shaman Mayan decent, full blooded. She has always said the date should not be taken literal, but a marker for a new era that will be forced upon the entire world. We are in the mysts of that now.
Fasten your seat belt, it's going to get interesting.
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