US, world headed for 25 year depression: Jim Rickards

US, world headed for 25 year depression: Jim Rickards

“When I use the phrase 25 year depression, it sounds extreme but it’s not. We had a 30 year depression in the United States from about 1870 to 1900…The Great Depression lasted from about 1929 to 1940. The U.S. is in a depression today.” Well, it's been in the works for

Read More

Canadian banking haven myth exposed

Canadian banking haven myth exposed

"One of the reasons that Canadians (and international commentators, other finance ministers and global financial institutions) buy this Canadian banking fairy tale is the way the government accounts for the money borrowed to support the banks." The sorry spectacle of Conservat

Read More

Get rid of your mortgage, loans, because interest rates set to rise

Get rid of your mortgage, loans, because interest rates set to rise

Get rid of your loans, guys and gals, because we are going into a high interest rate period. Very high. It will be the equivalent of going into the double digit interest rates we had in the 80s where many people threw their house keys at the bank and we had record numbers of ba

Read More

E-cigarettes save lives, money

E-cigarettes save lives, money

"We know that cigarettes have thousands of chemicals in them and we know that they are killing us. They have been for over a hundred years. So now, the e-cig industry comes along with only one or two chemicals in their mixture and people are freaking out over these as well. Whe

Read More

US inches closer to big bank charges

US inches closer to big bank charges

Federal prosecutors are nearing criminal charges against some of the world’s biggest banks, according to lawyers briefed on the matter, a development that could produce the first guilty plea from a major bank in more than two decades. In doing so, prosecutors are confronting

Read More

Canada’s home sales top predictions; why a real estate crash is inevitable

Canada’s home sales top predictions; why a real estate crash is inevitable

“The assurance of relatively low borrowing costs has likely given home buyers confidence while rising home values have kept new listings at a healthy level. Stable employment has provided some assurance to owners and buyers alike.” Our website is back after many months of

Read More

Comparing today’s recession/depression to the 1980 recession

Comparing today's recession/depression to the 1980 recession

"Much like today, Americans were concerned not only with high unemployment but increasing budget deficits in the early 1980s. A September 1983 Gallup poll found that three-fourths of the public agreed that the federal government's budget deficit was a great threat (42%) or some

Read More

Why savers are getting screwed

Why savers are getting screwed

"Without the intervention of economic policymakers, interest rates would be naturally higher. That would increase the cost of borrowing for businesses and consumers, but there would be some offsetting economic benefits. Savers are getting screwed by the current monetary policy

Read More

Geithner admits USA bankrupt to US Senate

Geithner admits USA bankrupt to US Senate

"Never in our history has Congress failed to increase the debt limit when necessary. Failure to raise the limit would precipitate a default by the United States. Default would effectively impose a significant and long-lasting tax on all Americans and all American businesses

Read More

World economies on verge of currency revaluations to deal with debt

World economies on verge of currency revaluations to deal with debt

"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning." -- Henry Ford Basically what the world central banks are doing is increasing their money by devaluin

Read More

Is Obama the next Mugabe of Zimbabwe?

Is Obama the next Mugabe of Zimbabwe?

"America, Britain, Japan, Germany, France, Sweden, Holland, Norway, Canada and Australia make up the Fishmongers Group and their meeting on Tuesday will deliberate on the state of the inclusive government, debt relief, public finance administration and the controversial economi

Read More

US raiding foreign countries with dollars, not soldiers

US raiding foreign countries with dollars, not soldiers

""The United States is going to China and saying: we want you to commit economic suicide, just like Japan did. We want you to follow the same thing: we want you to revalue your currency, we want you to squeeze your companies, we want you to go bankrupt,” says Michael Hudson,

Read More

Content By: The Coming Depression Editorial Staff (dates cited below)
Copyright: include link to this article on top of reproduction if you use it.
Bookmark and Share
(No Ratings Yet)
Loading ... Loading ...

unemployment rate up

“The length of these benefits is unprecedented, they are already over three times longer than the longest previous extension of benefits. The benefits are also larger, with health insurance also being subsidized for the first time.”

Marx and Engels were right… the end of capitalism is finally here.

Now if we only had elected officials who represented us and not the wealthy elite, the banks and their corporations we’d be able to get our way out of this mess with little disruption to the lives and livelihoods of the tax payers.

Naturally the wealthy elite would lose their largess and actually have to work for living for once and give up their excessively lavish lifestyles but the we’d be able to feed, clothe, house and maintain the health and education of everyone on the planet.

But that is not how this cookie will crumble. The wealthy elite will use the police and the military to hold onto everything they have stolen from hard working tax payers to prop-up their ponzi scheme.

Unemployment used to be national emergency

We shouldn’t care what anyone says — we should have 100% employment. Everyone should have a job, even the disabled. Think about it. How hard is it to stuff envelopes or other piece work? Enough of this legislated poverty BS or how employment affects our dollar value or the global economy spread the wealth and jobs BS. if unemployment is the price we have to pay to have a strong economy in a global market or whatever then I don’t want any part of it. We are supposed to have plenty to go around aren’t we? So we shouldn’t care what the “experts” say; we should be getting everyone a job it’s not like there are not enough able bodied people out there out of work. We shouldn’t believe that people are unwilling to work, that’s just the spin we put on it to account for the hundreds or thousands of unemployed people in every major city.

How many of you have had a position open up at your workplace and walk by some panhandler and not say a word to him or her? Instead you keep you mouth shut and keep on walking by; a sad truth. Looking at our cities we can see plenty of people who walk from one end to the other picking bottles and cans hauling bag loads for a few dollars, They work harder than many of us yet many of us treat them like dirt (easy to pass them off as drug addicts it makes us feel better).

We really need to get our heads out of our rear ends so we can see what’s really going on, put aside our inequities or political beliefs and get everyone working. Indeed, if everyone had a job there would be much fewer people to blame for our problems.

Related posts:

  1. 1.5 Million Californian workers lose unemployment benefits“Some 200,000 jobless Californians have already lost their unemployment benefits, and that figure is expected to rise to 1.5 million by the end of the year without an extension from...
  2. More than 1 Million Jobless lose benefits March 1 2010“Right now, the 1.2 million workers who will lose benefits in March are being held hostage by partisan attempts to delay and block this critical legislation,” said Christine Owens, executive...
  3. 23 states report higher unemployment for SeptemberMeasuring unemployment is an art which can lead to highly variable rates. Unsurprisingly, the U.S. government uses a method that excludes millions of Americans who seek employment. The lower rate...
  4. Glitch will cut jobless benefits for millions“It’s a horribly complicated system, and most people didn’t pay attention,” Mr. McDermott said of the need for quick Congressional renewal. Too bad the sheep still “don’t get it” because...
  5. Unemployment: the unreported truth and emergency unemployment claimsThe vision victory channel talks about how the emergency unemployment claims data shows that the people who ran out of benefits has went from 5.6 million to 5.9 million in...
  6. Is 10 percent unemployment the new normal? Fed says so“Get used to a “jobless recovery.” The Federal Reserve says the nation’s unemployment rate will stay around 10-percent this year, and eight-to-nine-percent in 2011.” “Unemployment will linger” and, it must...

This entry was posted on Friday, August 6th, 2010 at 4:26 pm and is filed under Scams. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

1 Comment

  1. August 7, 2010 @ 11:25 am


    I agree with your starting points, but not where you end up. We should have about 10% employment, not 100%. There is simply NOT that much work that actually needs to get done. Most of the “work” that gets done is making totally useless crap that people buy on impulse, and ends up in the trash weeks, days, or even minutes later. Whatever brief moment of entertainment it gave the purchaser, it harmed everyone else in terms of reduced resources (particularly oil, water, and energy). Increased productivity means exactly what it says. Less people required to do work. Also, we should face up to the reality that, quite frankly, some people are NOT good at work, and should be kept out of the job market. We’ve all worked with such people, haven’t we? I’m saying that fully 90% of the people currently working could all quit tomorrow, and nobody would bat an eye, other than the artificial economic fallout due to less “widgets” being sold.

    Posted by Randy

Leave a Comment

Please note: Comment moderation is enabled and may delay your comment. There is no need to resubmit your comment.


Under the 'fair use' rule of copyright law, an author may make limited use of another author's work without asking permission. Fair use is based on the belief that the public is entitled to freely use portions of copyrighted materials for purposes of commentary and criticism. The fair use privilege is perhaps the most significant limitation on a copyright owner's exclusive rights. "