Once again, guess who? managed to hijack a thread.
Back on message: The latest phony jobs report cannot forestall what is coming -- another major step-down in the standard of living here.
The US economy has actually contracted during the last 10 years. There is no recovery. Manufacturers are drawing on existing stockpiles of raw materials, which are not being replenished because of low demand.
When the dollar caves -- the shyte will really hit the fan. Unemployment will get worse. Prices will increase.
One in six Americans are already dependent on food stamps --- 50 million people. As things get worse -- this number will increase. Imagine!
There will be 50-75-100 million people on the street, most unemployed, many homeless, and all hungry.
And according to PCR -- no policy solution for the spreading economic tsunami.
No wonder the expansion of FEMA camps and Homeland Security.
When will this happen? No one knows -- but probably sooner rather than later. W*gs calls this "paranoid insanity." No, this is the ugly reality the mainstream media is not telling us about.
Coming soon to a neighborhood near you.