I was at Wally-mart Friday. The third of the month is payday for a lot of retirees and entitlement folks but the store was deserted. Out of twenty check-outs only one was open. We found avocados that sell for 88 cents for 25 cents,and tomatoes that usually go for $1.59 a pound were 33 cents a pound. I have heard that reduced demand caused by massive un-employment creates surplus that in turn makes prices drop causing deflationary depression. I am no economist but it looks like Sammy might be taking a hit.
Mom came home from her work at the flea-market Saturday and said another of the sellers had lost his weekday job,couldnt pay the rent on his $600.00 a month apartment so he now is on the street. Large shopping centers and big chain-store buildings on San Antone's west side are boarded up. Many of the smaller cities around here have police on quotas working speed-traps trying to boost city income.Dallas has proposed a $25.00 fee for a garage sale http://www.foxbusiness.com/markets/2010/09/02/cavuto-fee-garage-sales/
I think of inflationary depression like a bloated Rush Limbaugh, I think of deflationary depression like a Karen Carpenter. However you think about it, it aint pretty.
I guess it's hitting you guys first. Up here, food has gotten more expensive. not cheaper and you are getting less product for that money.
ReplyDeleteWalmarts are jam packed even with so many people out of work or soon to lose their jobs around here. I think it's the only store most can afford to shop at these days. Which isn't that exactly what Sam was hoping for?
On a personal note, my friend has had the Sword of Damocles hanging over his head for a few months now. He works as a data systems analyst for a major oil company. They had a meeting where they told them that most of their jobs were being outsourced and some kept . However, they have not told them WHICH jobs. Meanwhile they are being forced to train the new employees from India.
Is that cruel and unusual punishment or what? Kinda like Chinese water torture. I suggested the 100 should walk out enmasse. He said he'd like to but no one else would follow since most of the men know that jobs are scarce and they have families to support.
So there ya have another microcosm of how the amerikan worker is being screwed and our economy and middle class is being flushed down the toilet..
whoa... I think you gotta be an idiot to train your replacement.
ReplyDeletehaven't these Americans heard of the rights of Labor?
I am sure I lost my job partly because i refused to train the new gal - after they refused to give me the position permanently (I had been doing the job for six months). So they hired in two new people and I refused to answer any questions they posed.
lol
All I did was hurry up the process of firing me - and so they're now paying my unemployment
and lemme tell ya... I seriously needed a month off.
ReplyDeleteit's been nice... especially knowing they're paying my unemployment.
This is like they say "Getting you accustomed to servitude"
ReplyDeleteAnybody and everybody should consider what they can do for themselves. Trade, sell, produce, manufacture or consult. Once the hammer falls on you be ready, forget income taxes and learn something about strawman, sovereighnty, government free money, etc.
We have got to stand up, get smart and get tough.
When the dominos fall, even the bigger boys and girls will tumble.
I agree with both of you. However, I am divorced and single and my kids are adults. Even though I have a mortgage and my own bills it would be an easier decision for me to walk out.
ReplyDeleteWould I be so willing to walk out on a job if I had a family to support? I don't think an unemployment check would feed the kids and keep a roof over their head. Jobs are very scarce these days. Entire lives have to be restructured starting now and that's not easy with mouths to feed.
I actually did risk being fired in my very first job which I started in at the age of 17, for speaking up for another employee who was being harassed by the boss. I had been working there for three years. After that my supervisor made my life a living hell. After using up most(not all) of my sick and vacation days (which I was entitled to use) they fired me. Gee, I wonder why?? No great loss. I worked for the govt for a colonel, a major and my immediate supervisor who was a woman who was a former sargent in the army who still thought she was one. Some fun huh? lol I hated that job anyway. No worries, the economy was good back then and I was very young and found another job outside the city and closer to home pronto.
Unfortunately, working family men and women are trapped and enslaved by the system. A system that has taken the bulk of our jobs away. Unless, we ALL unite and stand up for each other and agree to walk the hell out TOGETHER when confronted with such bs, nothing's gonna change. The corporate bastards will continue to use and abuse their employees.
If those 100 all walked out before any training at all transpired, I wonder what would have happened? Remember when Reagan fired those air traffic controllers?
Rady, I'm glad you're enjoying your time off and are getting back some of the hard earned money you put into the govt for all these years. Cause sure as hell when the time comes there won't be much SS or medicare for us because the bastards have stolen all our $$$.
We're definitely in a depression.
ReplyDeleteShadowstats has the real unemployment rate pegged at 22%. That's one in five out of work.
Mr0btuse lost his own job with corp amerikkka in 2004, after 25 years with the same company and stellar reviews. They simply unloaded anyone close to retirement age. Illegal, yeah. But too hard to prove without a government willing to enforce the law.
Mr0btuse now freelances and collects a meager pension while his wife still works (at a very good job--thank dog).
House prices continue to plummet in our area. That's the real sign of deflation I see.
I appreciate the news from street level. The MSM would have everyone believe all is hunky-dory.
ReplyDeleteJapan is in just as much trouble as anywhere else, but folks are too ashamed to let on how much they are hurting, but some statistics leak out now and then. More than half of young people aged 20-35 in Japan are dependent on their parents. Forget marriage, much less children! I've got a few friends in that age group, all working part time or temp. Their parents hope their daughters will find a husband and clear out, but the pickins? Grossly obese mothers boys, also dependent on their folks!
I keep reading here, but am scarce around COTO because I'm so busy, mostly farming. Not for profit, that's a pipe dream in today's economy, but let's take a look at North Korea, because that is probably very much what our future looks like. The news yesterday was that even if you have money, you cannot buy rice there. No one who has it will sell it.
You have to look at the basics of life. The real basics.
Come back soon !
ReplyDelete