Archive for November 14th, 2008

Staying Alive: CHICAGO MAYOR TELLS THE BAD NEWS

Staying Alive: CHICAGO MAYOR TELLS THE BAD NEWS
The warning is out – Mayor Richard M. Daley says a parade of corporate chief executives have told him huge layoffs are planned around the city and will carry into next year.

As CBS 2’s Joanie Lum reports, when Daley made the announcement, workers around the city felt a chill, and they are wondering who will be laid off next. The news is especially alarming because the discussion concerns not just city jobs, but the private sector. Thus, it seems the City That Works is about to become the city that gets laid off. Mayor Daley says corporate leaders told him huge layoffs will impact the city this month and next, and into the new year. He also says city, county and state governments should be prepared for their revenue to fall dramatically because of the souring economy.

“This is going to be all year, so it’s going to be a very frightening economy,” Mayor Daley said. “Each one tells me what they’re laying off, and they’re going to double that next year. We’re talking huge numbers of permanent layoffs for people in the economy. It’s going to have a huge effect on all businesses.”

The mayor said the gravity of the situation cannot be underestimated. “We never experienced anything like this except people who came from the Depression,” Mayor Daley said.

“When you have that many layoffs early – and they’re telling me this is only the beginning of their layoffs – that is very frightening.” Mayor Daley also warned that local governments will be in jeopardy and may not have enough money to meet payroll, although he is not worried about paying City of Chicago employees. In addition, the federal bailout plan is changing, and the big three automakers are all warning they could go bankrupt, and lawmakers say if the auto industry goes down, the huge number of jobs lost would cause more house foreclosures.

The Market Oracle: New Precedent for America : Financial Irresponsibility Pays

New Precedent for America : Financial Irresponsibility Pays :: The Market Oracle :: Financial Markets Analysis & Forecasting Free Website
As a desperate attempt to stop the bleeding, banks are stepping up with further efforts to protect delinquent homeowners. To date, this represents the most radical effort to stop the avalanche of foreclosures. It’s thought these ridiculous bailouts will help restore the housing market which will provide more stability to the economy. The problem is that these plans are still insufficient to make any impact. And there is nothing to absorb the massive inventory of housing.

If Washington wants to help homeowners make mortgage payments, they need to stop letting corporations send jobs overseas. Similar to the banking bailout, the latest “solution” from Washington will continue to waste taxpayer money. More important, it will reward the wrong people and punish responsible homeowners.

Ignorance Is Futile!: Celente Predicts Revolution, Food Riots, Tax Rebellions By 2012.

-Celente Predicts Revolution, Food Riots, Tax Rebellions By 2012. « Ignorance Is Futile!
“There will be a revolution in this country,” he said. “It’s not going to come yet, but it’s going to come down the line and we’re going to see a third party and this was the catalyst for it: the takeover of Washington, D. C., in broad daylight by Wall Street in this bloodless coup. And it will happen as conditions continue to worsen.”

“The first thing to do is organize with tax revolts. That’s going to be the big one because people can’t afford to pay more school tax, property tax, any kind of tax. You’re going to start seeing those kinds of protests start to develop.”

“It’s going to be very bleak. Very sad. And there is going to be a lot of homeless, the likes of which we have never seen before. Tent cities are already sprouting up around the country and we’re going to see many more.”

“We’re going to start seeing huge areas of vacant real estate and squatters living in them as well. It’s going to be a picture the likes of which Americans are not going to be used to. It’s going to come as a shock and with it, there’s going to be a lot of crime. And the crime is going to be a lot worse than it was before because in the last 1929 Depression, people’s minds weren’t wrecked on all these modern drugs – over-the-counter drugs, or crystal meth or whatever it might be. So, you have a huge underclass of very desperate people with their minds chemically blown beyond anybody’s comprehension.”

Utah Preppers: List Universer - Top 10 Tips To Prepare For A Depression :: http://www.utahpreppers.com

Utah Preppers :: List Universer - Top 10 Tips To Prepare For A Depression :: http://www.utahpreppers.com
There is a chance that the world could be heading in to a depression, so it seems appropriate to make a list that will come in handy should that eventuate. We all hope that it won’t be the case, but there is no reason at all to not be prepared just in case. Hopefully at least one or two of these tips will be useful to you all.

The Aspiring Survivalist: Russia’s Parliament Voted Today to Extend the Presidential Term From Four to Six Years

The Aspiring Survivalist: Russia’s Parliament Voted Today to Extend the Presidential Term From Four to Six Years
Just today, Russian parliament overwhelmingly voted to extend Vladamir Putin’s term in office from four years to six years. Apparently this vote is changing the very Russian constitution, and if you read between the lines, this shows that if such an overwhelming majority voted for Putin’s term to be extended, that many of those in power in the parliament have been ‘bought’. You can read the entire story here.

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