Update: If you happen to think that the economic collapse is limited to the US here is some more information. In the UK the house market is still teetering on the brink of collapse and there are people who actually advertise one of their kidneys to get out of debt. Unemployment and foreclosure based on the same smart politics of outsourcing the real producing jobs are on the rise
You’re not kidding!
This must surely be the understatement of the century and so typical for the NZ mainstream press.
From the recession is over to the green shoots to the Oh oops job woes stunt recovery what a bunch of crock.
The reality is this:
- 35 million people are on food stamps. That is a whopping 12% of the US population and the number is rising.
- More than half a million people a months are losing their jobs and there are no jobs to replace them with because al production jobs have been outsourced to China, Mexico and other third world countries.
- The real unemployment figures are much higher than the official ones because they don’t show those who are not actively looking for jobs and those who are only partly employed who wish to be fully employed and those who are unemployed but have rub out of the right to unemployment benefits. The real figure is more like 15.4 % and rising.
Alls this while the police is acting more and more as military against the US population and in fact the military is active on the streets of the US cities policing the population in contravention of the Posse Comitatus Act and the elite 1% reaps 2/3 of any financial gain and the wealth difference between that 1% and the bottom 90% is now about as worse as in the late 1920, Yep, that would be the great depression.
So to say that the US Job woes stunt the recovery is to say the least somewhat understated. Try Economic Armageddon for more of a real feel and be afraid, be very afraid.