The Great American Economic Collapse of 2008 has officially began today.
The Jobless Report of 6/6/2008 stated the unemployment rate has soared to 5.5%. last month, it was 4.4%.
This is only the official rate, as many people who lost their jobs, have simply taken crummier ones.
The US housing market is in Depression, says the CEO of Toll Brothers. Oil will spike to $150 per barrle by july 4th, says another expert.
Lately, articles point to the fact that many Americans cannot afford the basics anymore.
Think aboit it! Can you feed your family on $8 per hour? How about $15? I know at least 20 families, whose principal breadearner makes only $15 per hour. The live on spaghetti, hamburger meat, veggies once per week, no Internet, no TV, no phone, no more car. Just pay rent, utilities and barely eat . Is this the America of the Future?
Have the Terrorists Won? I definately think so. They have destroyed our way of life. It will take years, maybe even decades, to somewhat recover.
Yet, there will be very few of those that will thrive through all this. Hopefully, I will be one of them.
But, those of you that are reading this can only blame yourselves! You allowed our politicians to outsource your future offshore. You shop at the criminal outfit, Walmart! You hound eBay for bargains, buying below wholesale. What did you expect to happen? Are you a manager that is contributing to this? Your boss made you do this, right?
Well, guess what! You are stupid, if you agreed with anything in the above paragraph. YOU have cauded the US to collapse. Maybe, you were approving the loans for 100% bad credit, no money down. Maybe, you were outsourcing software to India. You may have been selliong on eBay.
This is what caused the problem. You gave control to the rich, slowly; because you listened to their hype, or should I call it; best practices! Oh, yes. I just love that corny phrase; BEST PRACTICES!
Well, kiss your financial future good bye. That include your retirement, house, savings, and whatever health you have left. The Indians and Chinese will gladly buy your hosue for pennies on the dollar from the bank and then rent it back to you for twice, what you are paying now, in five years from now. Get ready to work 60 hours per week to make ends meet, until you die. Yes, until you die. No retirement for you, dummy!
Oh! Remember the SUV you purchased? If your are lucky and still own it; that is now your home. Park it behind your employer's building and enjoy playing tag in the parking lot. Maybe, you are parking it in a Walmart parking lot. If you are lucky, that Walmart is open 24 hours, so you can use the restrooms.
My, fellow Americans and morons. Enjoy the ride! After all, you created your future!