Are they pulling the plug on what's left of the economy?

[EE_]

I think cutting off unemployment to millions will have disastrous consequences.
They have essentially given the banks and Wall Street a pass while crushing the little people. Has the final collapse begun?
Thoughts?

[Large Sarge]

they either go into hyper inflation, to ease the debt burden

or they default

neither one is very appealing, they both lead to social upheaval, possible revolution, etc

so if they see things really heating up with inflation, they do some deflationary things (cut off unemployment, etc)

if they see deflation kicking in, and default looming, well they do some inflationary things (start another war, etc)


back and forth

one day soon, one side will win out....

[Defender]

I think cutting off unemployment to millions will have disastrous consequences.
They have essentially given the banks and Wall Street a pass while crushing the little people. Has the final collapse begun?
Thoughts?
When the riots start - they will reconsider.

[Apparition]

I'd prefer ending all federal unemployment benefits now as opposed to extending them for who-knows-how-long.

We'll likely see protests and violence but it's long past due to endure the consequences and have everyone somehow learn to live within their means, for the time being.

It's pathetic that the banks received passes but that doesn't justify extending welfare benefits indefinitely--both of which are unconstitutional anyway.

[osoab]

I think cutting off unemployment to millions will have disastrous consequences.
They have essentially given the banks and Wall Street a pass while crushing the little people. Has the final collapse begun?
Thoughts?
When the riots start - they will reconsider.


They might reconsider refunding local police depts to deal with said rioters.

Once they are off the rolls they will be forgotten.

The small people won't be donating to a PAC with their UE benefits. Deibold will get the votes.

The wash, rinse, repeat of bailing out banks is now a national pastime.

[zap]

The Mexicans here are challenging anyone to become a farmworker, they are saying that the Americans can't do the jobs in the field, if they do cut unemployment off, there are jobs in the fields, If I didn't have a job I'd do it I'm not scared off work.

[Steal]

Think its more simple than that. EVERYTHING they say and do now is via looking through a looking glass at Nov elections. More voters have jobs and they all know how nasty a word deficet is. To them (potential voters) spend money you dont have, not so good. The pubs just trying to look good. Sure this bill will come up again.

[FunnyMoney]

Yes. The destruction of the economy in the USA is on track and TPTB are quite happy with the results so far. This latest catastrophe in the gulf and the subsequent bans on other drilling in the region will begin to take a big toll on the economy soon. Soon, and we're mostly there for the latest group of college grad, the war economy will be the only option. This will change the mindset of an already quite selfish and arrogant population. Protests are nothing like they were in the 1960's and I expect that as things get worse most of the country will simply bend over and take it.

I would expect more shoes to drop in the coming years. While they have pulled the plug in some respects, there's still more plugs to be pulled and a slow steady deterioration of the economy is in the cards and right in line with PTB wishes.

Gold, guns, ammo and self-sustaining activities will be taxed and regulated. Those things, as well as a real education, will become extremely difficult to attain for the average worker in the USA. But this situation will not be exclusive to the USA.

Revolt will become less a workable option as hunger takes hold. Unlike times past, the general populace has no clue who the real enemy is, they are 100% confused. Most of the people around the world are focused on themselves, instant gratification or their closest family. They will be unable to understand the true nature of things beyond the matrix and those few that do won't have the ability or resources to do anything about it as TPTB hide behind many redundant layers of protection in distant secret locations.

The collapse of the economy and in the end of society as we know it is all but guaranteed now, although the spiral down the drain will be slower than many expect.

[MNeagle]

Yes. The destruction of the economy in the USA is on track and TPTB are quite happy with the results so far. This latest catastrophe in the gulf and the subsequent bans on other drilling in the region will begin to take a big toll on the economy soon. Soon, and we're mostly there for the latest group of college grad, the war economy will be the only option. This will change the mindset of an already quite selfish and arrogant population. Protests are nothing like they were in the 1960's and I expect that as things get worse most of the country will simply bend over and take it.

I would expect more shoes to drop in the coming years. While they have pulled the plug in some respects, there's still more plugs to be pulled and a slow steady deterioration of the economy is in the cards and right in line with PTB wishes.

Gold, guns, ammo and self-sustaining activities will be taxed and regulated. Those things, as well as a real education, will become extremely difficult to attain for the average worker in the USA. But this situation will not be exclusive to the USA.

Revolt will become less a workable option as hunger takes hold. Unlike times past, the general populace has no clue who the real enemy is, they are 100% confused. Most of the people around the world are focused on themselves, instant gratification or their closest family. They will be unable to understand the true nature of things beyond the matrix and those few that do won't have the ability or resources to do anything about it as TPTB hide behind many redundant layers of protection in distant secret locations.

The collapse of the economy and in the end of society as we know it is all but guaranteed now, although the spiral down the drain will be slower than many expect.


Fabulous, succinct post. +24K! (for gold content of course)

[7th trump]

So what and let them pull it.
What they are essentially saying is to live like it was prior the enactment of the system, social security. The sooner you learn the ways of the elders the better off you'll be.
God is in control not TPTB.
Learn Gods ways and you'll be just fine!
The sweat of your brow:
Hard work and-
Honesty!

God Himself doesnt even take that away from you.
You earn it Gods way and its yours forever!

[FunnyMoney]

Learn Gods ways and you'll be just fine!
The sweat of your brow:
Hard work and-
Honesty!



While the words sound good , and there's a lot of truth there, allow me to remind you that these same ideas were presented to the newly faithful as the Roman empire fell into chaos. I hope you realize what took place in the material world after that.

[Silver Rocket Bitches!]

They will pull the plug on the economy as soon as they are done with plundering every last nickel.

[7th trump]

Learn Gods ways and you'll be just fine!
The sweat of your brow:
Hard work and-
Honesty!



While the words sound good , and there's a lot of truth there, allow me to remind you that these same ideas were presented to the newly faithful as the Roman empire fell into chaos. I hope you realize what took place in the material world after that.

Yea well there was no fullfillment of the parable of the fig tree like there was in 1948 was there?

[Twisted Titan]

Gold, guns, ammo and self-sustaining activities will be taxed and regulated. Those things, as well as a real education, will become extremely difficult to attain for the average worker in the USA.



When they tell you that you dont need it.

THATS WHEN YOU REALLY NEED IT.


T

[gunDriller]

I think cutting off unemployment to millions will have disastrous consequences.
They have essentially given the banks and Wall Street a pass while crushing the little people. Has the final collapse begun?
Thoughts?


it's definitely a dumb move.

the question is, why are they making such a dumb move ?

it may just be some politician "standing on principle", so in a week or 2 they'll add another 6 months of benefits.

all they have to do is electronically print the money, which they've already done a lot of.
it makes the people getting the money feel good. the fact that the money is declining in value is something they can live with.

so it this is the new policy, cutting off unemployment to a few million Americans, yeah, it's predictable that some of them are gonna be pissed off.

i wonder if they run simulations for these things and what the simulations say about how long before rioting starts.

[7th trump]

Because if they keep giving it away the populace will eventually figure it out that fiat reserve notes are just that....fiat and stop playing the game and that means the bankers will not be on top anymore.
There are limits on both sides of this charade.
The bankers cannot allow Dorothy to see whats on the other side of the curtain.

[Ponce]

The end will be when they get rid of the fiat and give you a "Debit-Credit Card", where most of what you do they will know.,,,,,,,

[Horn]

Get ready for the looters, and the stripping of everything standing in the street that may be valuable is some shape or form.

A fully intact traffic signal might produce some gain in certain circles...

[Horn]

Looks like I picked a great week to visit.

As Nevada’s unemployment benefits run dry, Berkley blasts Republicans for stalling


It’s shaping up as the next national political story that’s sure to have enormous implications for ailing Nevada: the blockage in Congress of funds to extend the unemployment benefits of thousands of out-of-work residents.

State unemployment officials have been bracing for the worst as Nevada’s pool of available resources has been drained rapidly by a 13-percent official unemployment rate. (Some insiders believe the actual unemployment figure is closer to 20 percent.)

I tried to bring the issue to the draw the attention of the community and Nevada’s Congressional delegation last week in a column.

Now Rep Shelley Berkley is blasting Republicans in Congress for failing to step up in a timely manner to address an issue that will mean the difference between thousands of Nevadans surviving a few more months or going homeless in a manner of days.

“With Nevada’s unemployment rate in double digits and families relying on these benefits to put food on the table for breakfast, lunch and dinner, this move will only punish those in our community who are already struggling,” said Berkley.

One source close to the story tells me many hundreds of Southern Nevada unemployment benefits recipients are living in daily-weekly rentals and will be left homeless if Congress doesn't act swiftly.

Berkley said the legislative package also slows a “devastating 21% cut in payments to doctors in Las Vegas and across the U.S. who treat Medicare patients,” according to her statement.

She said, “Nevadans covered under Medicare could find themselves unable to see the doctor if we do not put a stop to these drastic cuts. Unless we pass this legislation, seniors and other Nevadans could lose the ability to see the doctor of their choice.”

http://www.lvrj.com/blogs/smith/As_Nevadas_unemployment_benefits_run_dry_Berkley_b lasts_Republicans_for_stalling.html

[EE_]

Unemployed dumping car leases
June 28th, 2010, 7:15 am · 105 Comments · posted by Mary Ann Milbourn
The unemployed are walking away from their car leases in droves as more laid-off workers see their jobless benefits cut off, reports LeaseTrader.com.

The company, which helps match up people who want out of their car leases with those looking for a shorter-term lease, said it expects to process 7.3% more listings in June from people whose unemployment benefits have ended or are about to end.

"Unemployment benefits have been keeping millions of Americans afloat since the recession began," said Sergio Stiberman, chief executive of LeaseTrader.com. "When the clock runs out on benefits, people still jobless look to find ways of further cutting their bills. The ability to transfer a car lease contract can save a person more than $500 each month while keeping their credit intact."

The company said the majority of its lease listings are in California and other high-unemployment states including Florida, Arizona, Nevada and Michigan. California's unemployment was 12.4% in May, third highest in the nation.

LeaseTrader.com noted the surge in listings coincides with the failure by Congress to approve HB 4213, a bill that would allow extended unemployment benefits through November.

One version of the bill was approved by the House just before Memorial Day, but it has gotten bogged down in the Senate in a disagreement over how to pay for the $100 billion cost. Unemployment aid is just one of a host of issues included in the bill that have delayed its passage.

The California Employment Development Department estimates more than 234,000 laid-off workers in this state alone have had their benefits cut off since the last unemployment extension bill expired in early June.
http://economy.ocregister.com/2010/06/28/unemployed-dumping-car-leases/35647/?source=patrick.net

[cedarchopper]

They are pulling the plug on more payouts to the 'little people' so the Banksters bailout funds hold their value until they have time to reallocate them.

[wallew]

Think its more simple than that. EVERYTHING they say and do now is via looking through a looking glass at Nov elections. More voters have jobs and they all know how nasty a word deficet is. To them (potential voters) spend money you dont have, not so good. The pubs just trying to look good. Sure this bill will come up again.


Sl,

I'll take that bet and raise you one.

THERE WON'T BE AN ELECTION IN NOVEMBER.

Not going to happen.

Martial law WILL occur WAY before then.

[sunshine05]

[/quote]

Sl,

I'll take that bet and raise you one.

THERE WON'T BE AN ELECTION IN NOVEMBER.

Not going to happen.

Martial law WILL occur WAY before then.
[/quote]

what makes you think that? That's what they said in 08 too, remember?

[Buddha]

Think its more simple than that. EVERYTHING they say and do now is via looking through a looking glass at Nov elections. More voters have jobs and they all know how nasty a word deficet is. To them (potential voters) spend money you dont have, not so good. The pubs just trying to look good. Sure this bill will come up again.


Sl,

I'll take that bet and raise you one.

THERE WON'T BE AN ELECTION IN NOVEMBER.

Not going to happen.

Martial law WILL occur WAY before then.


I'll take that bet too, this is the same shit that I have been hearing since I registered at GIM back in very early 08, and had been lurking before that for several months. "oh TSHTF is comming 08 (a year later)
"09 will be SHTF" now it's "2010 TSHTF" come on what makes you think that you can come over here and act like the fucking webbots, when you are obviously lacking of understanding?