You Ain't Seen Bad Yet But It's Comin' - Page 2

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[ARCHIVED THREAD] - You Ain't Seen Bad Yet But It's Comin' (Page 2 of 50)

Posted: 6/22/2009 1:13:43 PM EDT

[#1]

I just can't decide. Should I keep the cash and 'hope' things work themselves out

or go buy a motorcycle?

The motorcycle is something that will be 'useful and durable' and easy on gas since gas prices will
probably go through the roof too or even become scarce.

If I keep the cash at least I could buy food so long as someone will still take the dollars and will be exhausted in time anyway.

Decisions, decisions....

Posted: 6/22/2009 1:15:48 PM EDT

[#2]

Quoted:
I just can't decide. Should I keep the cash and 'hope' things work themselves out

or go buy a motorcycle?

The motorcycle is something that will be 'useful and durable' and easy on gas since gas prices will
probably go through the roof too or even become scarce.

If I keep the cash at least I could buy food so long as someone will still take the dollars and will be exhausted in time anyway.

Decisions, decisions....

I feel pretty stupid for buying a $60 pair of golf shoes. I keep wondering if that money would, one day be the difference between being well fed or going hungry.

Posted: 6/22/2009 1:16:34 PM EDT

[#3]

Quoted:
I have several neighbors who grew up during the depression. A couple of them say what's coming is going to be worse.

Obama and crew have done everything they can to make things worse. The porkulus bill won't create a single job. All its going to do is keep some people employed that otherwise would have gotten layoffs.

Now Big Ears wants to spend another 2 trillion dollar on a doomed at the start socialized medical program while putting cap and trade taxes on energy to fight "global warming". To top it off the drilling and clean coal he was so for during the campaign have been pushed off the agenda. How about all those nuke plants he said would be a way to go? We're going to build one for the arabs but not here.

When unemployment hits 20% the shit is really going to fly then. Guess we'll see Obama trying to put the corncob back in the pig at that point.

Quoted:
I feel he will be a one term President.............people will get fed up with the promises that go unfulfilled( promises that he could never deliver)

I would give anything for you to be right...I just can't get over the stupid fucks that thought everything would be handed to them.

HH

Posted: 6/22/2009 1:17:05 PM EDT

[#4]

I really thought things were improving last month. Now I don't think we have hit bottom yet.

Posted: 6/22/2009 1:17:26 PM EDT

[#5]

Quoted:
it's all part of the plan, google "cloward-piven" strategy and you'll see it all detailed there. the half-african intends to destroy the middle class to usher in his workers paradise.

+1, everything is going EXACTLY according to plan. I just wonder if the productive go Atlas Shrugged before Obama has full implementation.

Posted: 6/22/2009 1:18:02 PM EDT

[#6]

Quoted:
And people painted some of us as doom and gloomers when we called the recent uptrend in the DOW a "suckers rally".

There are some stock market types that don't want any of "them negative waves" harshing the market's buzz...

As if us merely talking about it are enough to continue dragging the market down.

Posted: 6/22/2009 1:18:39 PM EDT

[#7]

Quoted:

Quoted:
For a president promising change, he has no working knowledge of calculus.

I'll go one further.

Our President has no working knowledge of working.

But his wife held a patronage job for which she was totally unqualified but raked in around 300 grand a year.

Posted: 6/22/2009 1:20:26 PM EDT

[#8]

You know,those who felt they would get " my mortgage paid" or " I dont have to pay my car payment" were very ignorant, but we will all have to pay for their lack of knowledge for awhile ........but in the end, even they will turn against him for not providing all he promised.........I am already hearing many grumbling voices from ardent supporters that I work with, and the chorus grows with each undelivered promise

Quoted:

Quoted:
I have several neighbors who grew up during the depression. A couple of them say what's coming is going to be worse.

Obama and crew have done everything they can to make things worse. The porkulus bill won't create a single job. All its going to do is keep some people employed that otherwise would have gotten layoffs.

Now Big Ears wants to spend another 2 trillion dollar on a doomed at the start socialized medical program while putting cap and trade taxes on energy to fight "global warming". To top it off the drilling and clean coal he was so for during the campaign have been pushed off the agenda. How about all those nuke plants he said would be a way to go? We're going to build one for the arabs but not here.

When unemployment hits 20% the shit is really going to fly then. Guess we'll see Obama trying to put the corncob back in the pig at that point.

Quoted:
I feel he will be a one term President.............people will get fed up with the promises that go unfulfilled( promises that he could never deliver)

I would give anything for you to be right...I just can't get over the stupid fucks that thought everything would be handed to them.

HH

Posted: 6/22/2009 1:23:21 PM EDT

[#9]

Quoted:

For a president promising change, he has no working knowledge of calculus.

Here be Maobama's calculus...

Posted: 6/22/2009 1:25:05 PM EDT

[#10]

I think we're in for much more trouble. The question is if the old tricks that haven't ever worked in the past will somehow magically work this time.

Dejà vu All Over Again. Once More.

By Bill Bonner
Rarely has The Daily Reckoning been criticized for understating
trouble. But trouble keeps getting ahead of us. We can barely keep up
with it. So often have we anticipated 'disaster' or 'catastrophe' that
the words now fall like empty shells. We light the fuses; they don't go
off. Alas, we have become alarmists with no bell or siren. We break the
glass and pull the lever every week, but no sound is heard...except the
familiar words whispered with in a hoarse, weary voice...watch out!
So today we turn to the dead for eyewitness accounts:
Otto Freidrich described the period of German hyperinflation and its
effects: "... People carried wages home in huge crates; by the time
they could spend even their trillion-mark notes they were practically
worthless... There was not a single girl in the entire middle class who
could get married without her father paying a dowry... They saved and
saved so that they could get married, and so it destroyed the whole
idea of remaining chaste until marriage...the girls learned that
virginity didn't matter anymore."
"Against my will," wrote author Stefan Zweig "I have witnessed the most
terrible defeat of reason and wildest triumph of brutality in the
chronicles of history." Zweig lived through the hyperinflation in
Germany during the '20s and sold stories to survive. Later, he moved to
Brazil and blew his brains out.
Brutality triumphed because civilized life was smothered by inflation.
The Treaty of Versailles condemned the Huns to pay more than 47,000
tonnes of gold in reparations. Taking that amount of real money out of
the economy left the Germans with no choice. They had no money left.
They had to create it. Result: hyperinflation. The size of the
banknotes rose with the crisis. In 1922, the highest denomination was
50,000 Mark. By 1923, the highest denomination was 100,000,000,000,000
Mark. By December 1923 the exchange rate was 4,200,000,000,000 Marks to
1 US dollar."
The German middle class was wiped out. More importantly, the handrails
and guideposts wobbled, so there was nothing to hold onto and no way to
know where you were going. Businesses, banks, military, police, even
the government itself - everything tottered and fell down. In the
tumult, war-hardened rabble rolled towards Herr Hitler like loose nuts.
"In economics," begins the Wikipedia description, " hyperinflation is
inflation that is very high or out of control... Hyperinflation is
often associated with wars (or their aftermath), economic depressions,
and political or social upheavals. In both classical economics and
monetarism, it is always the result of the monetary authority
irresponsibly borrowing money to pay all its expenses."
Who's the biggest borrower today? The United States of America. At 12%
of GDP, its deficit is more than twice as large as that of France. It
already owes Japan and China as much as Germany owed its former enemies
in reparations - adjusted to today's money. But America's debts are far
grander than those of Germany in 1923 - even relative to the size of
the US economy. Where Germany owed a little over $1 trillion; America -
if you include private debt, official government debt, off-budget
obligations and internal commitments - owes 100 times as much. And the
United States keeps borrowing more. In a single year - 2009 - it will
borrow $1.3 trillion, again, just shy of the debt that sank the Weimar
Republic.
While the private sector during the bubble years brought U.S. debts to
a record 3.7 times the entire nation's output, now it's the public
sector that does the borrowing. The Obama Administration is adding to
the accumulated U.S. debt at a suicidal pace - four times faster than
the record set just last year. And America's central bank hands the
borrower a loaded pistol; it is adding bank reserves - which allow the
money supply to expand geometrically - at a 4,500% rate.
That last number is not a typo. It's an alarm. If the Federal Reserve
were a heart patient, the defibrillators would be on already. If it
were a normal bank, it would be closed down immediately.
But neither Karl Helferich nor Ben Bernanke set out to ruin their
economies. Central bankers don't do it intentionally; they do it
inevitably. Not because they want to, but because they have to. Like
the Germans in the '20s, America has no politically acceptable way to
pay her growing debts - except by printing more money. And now, her
leading intellectuals urge her on. Cometh the hour when the feds begin
to think about cutting back on their program of inflation, cometh the
experts who will tell them to keep at it.
"The crisis seems to be easing, and a chorus of critics is already
demanding that the Federal Reserve and the Obama administration abandon
their rescue efforts," writes Nobel winning economist Paul Krugman in
the New York Times this week. "Those demands should be ignored. It's
much too soon to give up on policies that have...pulled us a few inches
back from the abyss."
"It's dejà vu all over again," he concludes, referring to the Japanese
in the '90s and the Americans in the '30s. In both cases, he thinks
their economies died because they turned off the juice too soon. But
people come to think what they must think when they must think it:
"To follow the good counsel of stopping [the inflation machine] would
mean... that in a very short time the entire public, factories, mines,
railways and post office, national and local government, in short, all
national and economic life would be stopped."
Karl Helferich, Chairman, Central Bank of Germany, 1923.
Dejà vu, all over again. Once more.

Posted: 6/22/2009 1:27:23 PM EDT

[#11]

I can see this happening...out of work, no skills, no money, no payments, electric turned off, water turned off..evicted from your place....they're gonna be pissed.

HH
––––––––––––––––––––––––––––––––––––––––––––––––––––––––-

Quoted:
You know,those who felt they would get " my mortgage paid" or " I dont have to pay my car payment" were very ignorant, but we will all have to pay for their lack of knowledge for awhile ........but in the end, even they will turn against him for not providing all he promised.........I am already hearing many grumbling voices from ardent supporters that I work with, and the chorus grows with each undelivered promise

Quoted:

Quoted:
I have several neighbors who grew up during the depression. A couple of them say what's coming is going to be worse.

Obama and crew have done everything they can to make things worse. The porkulus bill won't create a single job. All its going to do is keep some people employed that otherwise would have gotten layoffs.

Now Big Ears wants to spend another 2 trillion dollar on a doomed at the start socialized medical program while putting cap and trade taxes on energy to fight "global warming". To top it off the drilling and clean coal he was so for during the campaign have been pushed off the agenda. How about all those nuke plants he said would be a way to go? We're going to build one for the arabs but not here.

When unemployment hits 20% the shit is really going to fly then. Guess we'll see Obama trying to put the corncob back in the pig at that point.

Quoted:
I feel he will be a one term President.............people will get fed up with the promises that go unfulfilled( promises that he could never deliver)

I would give anything for you to be right...I just can't get over the stupid fucks that thought everything would be handed to them.

HH

Posted: 6/22/2009 1:28:14 PM EDT

[#12]

Quoted:

Quoted:
I just can't decide. Should I keep the cash and 'hope' things work themselves out

or go buy a motorcycle?

The motorcycle is something that will be 'useful and durable' and easy on gas since gas prices will
probably go through the roof too or even become scarce.

If I keep the cash at least I could buy food so long as someone will still take the dollars and will be exhausted in time anyway.

Decisions, decisions....

I feel pretty stupid for buying a $60 pair of golf shoes. I keep wondering if that money would, one day be the difference between being well fed or going hungry.

If it gets to that point, the golf shoes will have more utility than a few sheets of worthless green paper.

Posted: 6/22/2009 1:32:37 PM EDT

[#13]

Sooner it starts, the sooner it's over.
There is no avoiding it now. So BRING IT already. Tired of waiting.

Posted: 6/22/2009 1:32:52 PM EDT

[#14]

Quoted:
I'm ready, are you?

Luckily, yes I am.

Posted: 6/22/2009 1:35:05 PM EDT

[#15]

Precisely...............with the rallying cry of "Where's my check"?

Quoted:
I can see this happening...out of work, no skills, no money, no payments, electric turned off, water turned off..evicted from your place....they're gonna be pissed.

HH
––––––––––––––––––––––––––––––––––––––––––––––––––––––––-

Quoted:
You know,those who felt they would get " my mortgage paid" or " I dont have to pay my car payment" were very ignorant, but we will all have to pay for their lack of knowledge for awhile ........but in the end, even they will turn against him for not providing all he promised.........I am already hearing many grumbling voices from ardent supporters that I work with, and the chorus grows with each undelivered promise

Quoted:

Quoted:
I have several neighbors who grew up during the depression. A couple of them say what's coming is going to be worse.

Obama and crew have done everything they can to make things worse. The porkulus bill won't create a single job. All its going to do is keep some people employed that otherwise would have gotten layoffs.

Now Big Ears wants to spend another 2 trillion dollar on a doomed at the start socialized medical program while putting cap and trade taxes on energy to fight "global warming". To top it off the drilling and clean coal he was so for during the campaign have been pushed off the agenda. How about all those nuke plants he said would be a way to go? We're going to build one for the arabs but not here.

When unemployment hits 20% the shit is really going to fly then. Guess we'll see Obama trying to put the corncob back in the pig at that point.

Quoted:
I feel he will be a one term President.............people will get fed up with the promises that go unfulfilled( promises that he could never deliver)

I would give anything for you to be right...I just can't get over the stupid fucks that thought everything would be handed to them.

HH

Posted: 6/22/2009 1:36:44 PM EDT

[#16]

Quoted:
I really thought things were improving last month. Now I don't think we have hit bottom yet.

There is still way to much bad debt that has to be written down/off. Way to much.
Unemployment is still rising.
Foreclosures in my neck of the woods have leveled...just because no more can be
processed each month.
The number of empty homes that haven't been through the FC process is staggering.
I am guessing it matches the number of current foreclosures on the MLS at least.

Our local freight volumes have been flat going on three years. I see no reason for any
increases soon.

I have always said it will take until 2012-2015 to write down all this bad debt and remove the huge
overhang of homes. I have buckled down for the long haul.

Chris

Posted: 6/22/2009 1:38:48 PM EDT

[#17]

Quoted:

Quoted:
I just can't decide. Should I keep the cash and 'hope' things work themselves out

or go buy a motorcycle?

The motorcycle is something that will be 'useful and durable' and easy on gas since gas prices will
probably go through the roof too or even become scarce.

If I keep the cash at least I could buy food so long as someone will still take the dollars and will be exhausted in time anyway.

Decisions, decisions....

I feel pretty stupid for buying a $60 pair of golf shoes. I keep wondering if that money would, one day be the difference between being well fed or going hungry.

Its times like this I wish I had a crystal ball. I have a huge chunk of cash in my safe, makes me wonder if I should just invest in a couple years supply of food and household stuff instead.

Posted: 6/22/2009 1:43:29 PM EDT

[#18]

This country is headed for a disaster of Biblical proportions.

Posted: 6/22/2009 1:49:38 PM EDT

[#19]

Quoted:

Quoted:
I just can't decide. Should I keep the cash and 'hope' things work themselves out

or go buy a motorcycle?

The motorcycle is something that will be 'useful and durable' and easy on gas since gas prices will
probably go through the roof too or even become scarce.

If I keep the cash at least I could buy food so long as someone will still take the dollars and will be exhausted in time anyway.

Decisions, decisions....

I feel pretty stupid for buying a $60 pair of golf shoes. I keep wondering if that money would, one day be the difference between being well fed or going hungry.

Its times like this I wish I had a crystal ball. I have a huge chunk of cash in my safe, makes me wonder if I should just invest in a couple years supply of food and household stuff instead.

When inflation returns as it certainly will, it will hit the economy at the speed of light and there will be little time to react.

While I wouldn't recommend that you piss away what you've got set aside; if there's anything that you think you'll really need in the future I wouldn't put off buying it right now.

Posted: 6/22/2009 1:53:32 PM EDT

[#20]

Quoted:
This country is headed for a disaster of Biblical proportions.

Dogs and cats, living together... mass hysteria!

Posted: 6/22/2009 1:56:28 PM EDT

[#21]

Quoted:

Quoted:
Whatever happened to all of those new jobs that the Halfrican was going to conjure up?

We're on an elevator ride straight to hell.

http://news.yahoo.com/s/nm/20090622/pl_nm/us_obama_unemployment_2

I could have swore that I read somewhere that un-employment was already at 10.6%....can anybody make up thier mind or report the actual Truth??

the chart only goes up to 10.0%, that would be off the chart.

Posted: 6/22/2009 1:57:53 PM EDT

[#22]

Quoted:
Sooner it starts, the sooner it's over.
There is no avoiding it now. So BRING IT already. Tired of waiting.

+1. There's no way to get out of this painlessly and the sooner we start the economic and social rehabilitation process the sooner we can get back to where we should be.

Posted: 6/22/2009 2:00:14 PM EDT

[#23]

Quoted:

Quoted:
I have several neighbors who grew up during the depression. A couple of them say what's coming is going to be worse.

Obama and crew have done everything they can to make things worse. The porkulus bill won't create a single job. All its going to do is keep some people employed that otherwise would have gotten layoffs.

Now Big Ears wants to spend another 2 trillion dollar on a doomed at the start socialized medical program while putting cap and trade taxes on energy to fight "global warming". To top it off the drilling and clean coal he was so for during the campaign have been pushed off the agenda. How about all those nuke plants he said would be a way to go? We're going to build one for the arabs but not here.

When unemployment hits 20% the shit is really going to fly then. Guess we'll see Obama trying to put the corncob back in the pig at that point.

That's what happens when you have a subversive who wants the system to collapse sitting in the Oval Office.

This whole damn thing reads like a cheesy political thriller novel.

He is just speeding up the devaluation and eventual collapse of the dollar. They want to create a new currency. Why do you think they have been having these global financial summits.

Posted: 6/22/2009 2:14:47 PM EDT

[#24]

I thought of the most harmless thing I could.....The Stay Puft Marshmallow Man.......

Posted: 6/22/2009 2:21:18 PM EDT

[#25]

Quoted:

I thought of the most harmless thing I could.....The Stay Puft Marshmallow Man.......

Posted: 6/22/2009 2:21:54 PM EDT

[#26]

Quoted:
Foreclosures in my neck of the woods have leveled...just because no more can be
processed each month.
The number of empty homes that haven't been through the FC process is staggering.
I am guessing it matches the number of current foreclosures on the MLS at least.

NYTimes- My Personal Credit Crisis

Written mid-May, Finance reporter goes too big on a house, gets hammered by the economy. Hasn't made a single payment in eight months, JP Morgan Chase hasn't foreclosed and nobody at the bank wants to talk to him.

Posted: 6/22/2009 2:23:41 PM EDT

[#27]

Official 15.1% unemployment in Michigan, unofficial probably closer to 20%. Lots of degree'd people making less then $10 an hour also.

Posted: 6/22/2009 2:27:07 PM EDT

[#28]

Quoted:
And people painted some of us as doom and gloomers when we called the recent uptrend in the DOW a "suckers rally".

And it is all gone....and then some.

I had a few co-workers ask when they should get back into the market.

I told them when the shooting stops and the fires are all out.

Posted: 6/22/2009 2:38:06 PM EDT

[#29]

Quoted:
NYTimes- My Personal Credit Crisis

Posted: 6/22/2009 2:39:23 PM EDT

[#30]

Quoted:

Quoted:
Whatever happened to all of those new jobs that the Halfrican was going to conjure up?

We're on an elevator ride straight to hell.

http://news.yahoo.com/s/nm/20090622/pl_nm/us_obama_unemployment_2

I could have swore that I read somewhere that un-employment was already at 10.6%....can anybody make up thier mind or report the actual Truth??

Politicians tell the truth? there's a real knee slapper for ya.

Posted: 6/22/2009 2:41:10 PM EDT

[#31]

We are on the verge of a first class, A#1, dyed in the wool, bona fide collapse that will make the first depression look like a laugh riot. Anybody that doesn't see this coming is either on an LSD trip or has an IQ equivalent to their shoe size. It's coming. The lucky ones are the dead! I am tired of saying it.

Posted: 6/22/2009 2:42:32 PM EDT

[#32]

Quoted:

Quoted:
I have several neighbors who grew up during the depression. A couple of them say what's coming is going to be worse.

Obama and crew have done everything they can to make things worse. The porkulus bill won't create a single job. All its going to do is keep some people employed that otherwise would have gotten layoffs.

Now Big Ears wants to spend another 2 trillion dollar on a doomed at the start socialized medical program while putting cap and trade taxes on energy to fight "global warming". To top it off the drilling and clean coal he was so for during the campaign have been pushed off the agenda. How about all those nuke plants he said would be a way to go? We're going to build one for the arabs but not here.

When unemployment hits 20% the shit is really going to fly then. Guess we'll see Obama trying to put the corncob back in the pig at that point.

That's what happens when you have a subversive who wants the system to collapse sitting in the Oval Office.

This whole damn thing reads like a cheesy political thriller novel.

He is just speeding up the devaluation and eventual collapse of the dollar. They want to create a new currency. Why do you think they have been having these global financial summits.

http://riverdaughter.files.wordpress.com/2008/11/tinfoil_hat_girl.jpghttp://riverdaughter.files.wordpress.com/2008/11/tinfoil_hat_girl.jpg

Posted: 6/22/2009 2:47:17 PM EDT

[#33]

Quoted:
I'm ready, are you?

As ready as I could be before I lost my job a month ago. I'm in a better position than most will be and live a debt free lifestyle though.

If you haven't put food, water, medicines etc. away while you have a job and are seeing figures like these, you are a damned fool.

Posted: 6/22/2009 2:47:39 PM EDT

[#34]

Quoted:

Quoted:
I and another buddy have been talking for months about how bad it could get. You're right––we ain't seen nothing yet.

HH

I have applied for no less than 30 jobs in and around D.C., for anything from facility maintenance to transportation not a call one I'm so fucking depressed.

Trust me on this one. You are definitely not alone. The town I live in is at 10.9% unemployment and the county next to me is at 16%.

Around 100 resumes out an no calls. Sounds like par for the course right now.

HR isn't even bothering to send those form letters telling folks they are declined for the job.

You know what really pisses me off:

Our county workers still continue to get raises, ride around two to a pickup, hide and do nothing, and still want more money.

It pays to be a member of "the party", comrade, no?

Posted: 6/22/2009 2:54:40 PM EDT

[#35]

Quoted:

Quoted:
I just can't decide. Should I keep the cash and 'hope' things work themselves out

or go buy a motorcycle?

The motorcycle is something that will be 'useful and durable' and easy on gas since gas prices will
probably go through the roof too or even become scarce.

If I keep the cash at least I could buy food so long as someone will still take the dollars and will be exhausted in time anyway.

Decisions, decisions....

I feel pretty stupid for buying a $60 pair of golf shoes. I keep wondering if that money would, one day be the difference between being well fed or going hungry.

If they are leather and you boil them long enough, you could eat them!

Posted: 6/22/2009 3:04:41 PM EDT

[#36]

Quoted:

Quoted:
And people painted some of us as doom and gloomers when we called the recent uptrend in the DOW a "suckers rally".

And it is all gone....and then some.

I had a few co-workers ask when they should get back into the market.

I told them when the shooting stops and the fires are all out.

And they may not have even understood what you meant, either.

Posted: 6/22/2009 3:10:50 PM EDT

[#37]

Grim picture

http://tigerhawk.blogspot.com/2009/06/grim-economic-chart-of-day.html

The amount of growth it will take for the unemployment rate to return to 6% at any different finishing point.

Posted: 6/22/2009 3:15:52 PM EDT

[#38]

Quoted:

Grim picture

http://tigerhawk.blogspot.com/2009/06/grim-economic-chart-of-day.html

http://farm4.static.flickr.com/3387/3650482224_4322b8cdb0.jpg?v=0

The amount of growth it will take for the unemployment rate to return to 6% at any different finishing point.

Those numbers are frightening and neigh impossible to achieve.

Posted: 6/22/2009 3:17:47 PM EDT

[#39]

Quoted:

http://i177.photobucket.com/albums/w233/venemanuarizonaedu/Obamadecreasesunempoloyemenyby-12.jpg

Obama is a follower of the Cheaper Than Dirt School of Economics.

Posted: 6/22/2009 3:18:13 PM EDT

[#40]

Quoted:

Official 15.1% unemployment in Michigan, unofficial probably closer to 20%. Lots of degree'd people making less then $10 an hour also.

i didnt realize how bad it was getting in the Western PA area, till last week my company had an opening for a CSR and 100 applications came in, some from out of state for a $10 /hr +benefits job. over half the people had degrees. my eyes opened up just a bit further.

Posted: 6/22/2009 3:21:07 PM EDT

[#41]

Quoted:

Quoted:
Official 15.1% unemployment in Michigan, unofficial probably closer to 20%. Lots of degree'd people making less then $10 an hour also.

i didnt realize how bad it was getting in the Western PA area, till last week my company had an opening for a CSR and 100 applications came in, some from out of state for a $10 /hr +benefits job. over half the people had degrees. my eyes opened up just a bit further.

A local doctor placed an ad for an office worker and received over 700 job applications.

Posted: 6/22/2009 3:27:17 PM EDT

[#42]

Quoted:

Quoted:
Official 15.1% unemployment in Michigan, unofficial probably closer to 20%. Lots of degree'd people making less then $10 an hour also.

i didnt realize how bad it was getting in the Western PA area, till last week my company had an opening for a CSR and 100 applications came in, some from out of state for a $10 /hr +benefits job. over half the people had degrees. my eyes opened up just a bit further.

A local doctor placed an ad for an office worker and received over 700 job applications.

There was a new Buffalo Wild Wings that opened in Janesville, WI about 2 months ago.

There were over 3,000 applications filled out. Town size: 60,000

Posted: 6/22/2009 3:28:43 PM EDT

[#43]

Quoted:

Quoted:
I have several neighbors who grew up during the depression. A couple of them say what's coming is going to be worse.

Obama and crew have done everything they can to make things worse. The porkulus bill won't create a single job. All its going to do is keep some people employed that otherwise would have gotten layoffs.

Now Big Ears wants to spend another 2 trillion dollar on a doomed at the start socialized medical program while putting cap and trade taxes on energy to fight "global warming". To top it off the drilling and clean coal he was so for during the campaign have been pushed off the agenda. How about all those nuke plants he said would be a way to go? We're going to build one for the arabs but not here.

When unemployment hits 20% the shit is really going to fly then. Guess we'll see Obama trying to put the corncob back in the pig at that point.

That's what happens when you have a subversive who wants the system to collapse sitting in the Oval Office.

This whole damn thing reads like a cheesy political thriller novel.

He is just speeding up the devaluation and eventual collapse of the dollar. They want to create a new currency. Why do you think they have been having these global financial summits.

http://riverdaughter.files.wordpress.com/2008/11/tinfoil_hat_girl.jpghttp://riverdaughter.files.wordpress.com/2008/11/tinfoil_hat_girl.jpg

Better get you some more son, that hat aint gonna last you through the Obamacide.

Posted: 6/22/2009 3:31:31 PM EDT

[#44]

Every year, some get a little nevous around October concerning the stock market. This October could be extra special.

Posted: 6/22/2009 3:34:21 PM EDT

[#45]

Quoted:

Quoted:
I have several neighbors who grew up during the depression. A couple of them say what's coming is going to be worse.

Obama and crew have done everything they can to make things worse. The porkulus bill won't create a single job. All its going to do is keep some people employed that otherwise would have gotten layoffs.

Now Big Ears wants to spend another 2 trillion dollar on a doomed at the start socialized medical program while putting cap and trade taxes on energy to fight "global warming". To top it off the drilling and clean coal he was so for during the campaign have been pushed off the agenda. How about all those nuke plants he said would be a way to go? We're going to build one for the arabs but not here.

When unemployment hits 20% the shit is really going to fly then. Guess we'll see Obama trying to put the corncob back in the pig at that point.

That's what happens when you have a subversive who wants the system to collapse sitting in the Oval Office.

This whole damn thing reads like a cheesy political thriller novel.

This is exactly the point... It seems like Obama doesn't give a damn... because he doesn't. His polcies ARE DESIGNED to eviscerate America, to make recovery impossible, and to install the federal government as sole authority over all.

The new slavery is economic, slavery, and it's being imposed on you as we speak.

Posted: 6/22/2009 3:37:22 PM EDT

[#46]

Quoted:

Quoted:
I just can't decide. Should I keep the cash and 'hope' things work themselves out

or go buy a motorcycle?

The motorcycle is something that will be 'useful and durable' and easy on gas since gas prices will
probably go through the roof too or even become scarce.

If I keep the cash at least I could buy food so long as someone will still take the dollars and will be exhausted in time anyway.

Decisions, decisions....

I feel pretty stupid for buying a $60 pair of golf shoes. I keep wondering if that money would, one day be the difference between being well fed or going hungry.

The Directors Cut of The Road Warrior has the deleted golf tournament scenes.....

Posted: 6/22/2009 3:48:50 PM EDT

[#47]

Quoted:
[/url]

Obama is a follower of the Cheaper Than Dirt School of Economics.

OMFG!! i'm in the floor.
bravo. good sir.

Posted: 6/22/2009 3:50:20 PM EDT

[#48]

I started saying this 10 years ago to friends "get ready because it's all gonna come to a pit in hell quick". With me it was due to my business.... Seeing 20 year old kids in the same trade coming to my shop making $40K a year driving a $35K truck and paying me $5K in bolt on bullshit for their car. Next they came around after getting a re-fi on the house due to the bubble and getting a $45K sandrail from us to put in their new $30K toy hauler and drinking $50 a bottle Black Label like it's free while living in a $300K house (still making $40K). I watched a few guys from going on a decent path to being in over $250K in debt in a year at the top of it all. It is really kind of sad what my gen has done with themselves......

Posted: 6/22/2009 3:50:38 PM EDT

[#49]

Quoted:

Quoted:
Official 15.1% unemployment in Michigan, unofficial probably closer to 20%. Lots of degree'd people making less then $10 an hour also.

i didnt realize how bad it was getting in the Western PA area, till last week my company had an opening for a CSR and 100 applications came in, some from out of state for a $10 /hr +benefits job. over half the people had degrees. my eyes opened up just a bit further.

A local doctor placed an ad for an office worker and received over 700 job applications.

There was a new Buffalo Wild Wings that opened in Janesville, WI about 2 months ago.

There were over 3,000 applications filled out. Town size: 60,000

WOW!

Its funny I was laid off back in January and spent a month sending off resumes. Got a offer took the job, took a better paying job two weeks latter, turned down two other offers then took a even higher paying job after one week at my last employer. Now I have my former employer offering me more money to come back. I told him he has to beat my current wage by 5% thinking he would shrug me off. His reply was "let me talk to accounting and see if I can beat that".

I'm guessing a lot of IT guys and other various chair warmers are the majority of people looking now.

Posted: 6/22/2009 3:53:35 PM EDT

[#50]

Quoted:
I really thought things were improving last month. Now I don't think we have hit bottom yet.

Until the bad debts are written off, we won't hit bottom or start to recover. Bush and Obama never grasped that. Those $900,000 homes in California six hours outside of LA that were sold on a 120% note with an exploding interest rate to an illegal alien need to be written off. Bush and now Obama don't even want this to happen. They market will make it happen whether they like it or not (see Timmaaah's attempts to make the bond market cooperate over the last five weeks).

[ARCHIVED THREAD] - You Ain't Seen Bad Yet But It's Comin' (Page 2 of 50)

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