PeakOil is You
THE Unemployment Thread pt 2 (merged)
Re: Forecast: 1 million jobs lost per month
by Armageddon » Mon 08 Dec 2008, 00:38:25
Starting in March, a million losses will seem like a good month. Why March you ask ? This will give business owners a little time to digest the poor holiday sales and reality will start setting in. You don't want to know my end of 2009 prediction. I will give you a hint. Soup kitchens.
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Re: Forecast: 1 million jobs lost per month
by Sixstrings » Mon 08 Dec 2008, 00:45:38
$this->bbcode_second_pass_quote('', 'I') will give you a hint. Soup kitchens.
It's all so unreal, given the state of our self-obsessed culture. What's poor Generation Y gonna do? Browse for itunes songs on their iphone, in a *soup kitchen line*?
Will conspicuous consumption still exist? It's so much a part of our culture, it's hard to imagine it just disappearing overnight. I mean, a lot of people's very identity is all wrapped up in consumerist fashions.
The few consumers out there not already on Prozac turn to more consumption to fill that empty space inside. What will the gals do when they can't lift their spirits with a shopping spree? For that matter, what happens if the Prozac runs out?
Last edited by Sixstrings on Mon 08 Dec 2008, 01:00:34, edited 2 times in total.
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Re: Forecast: 1 million jobs lost per month
by Snowrunner » Mon 08 Dec 2008, 00:50:07
$this->bbcode_second_pass_quote('Sixstrings', '')$this->bbcode_second_pass_quote('', 'I') will give you a hint. Soup kitchens.
It's all so unreal, given the state of our self-obsessed culture. What's poor Generation Y gonna do? Browse for itunes songs on their iphone, in a *soup kitchen line*?
Will conspicuous consumption still exist? It's so much a part of our culture, it's hard to imagine it just disappearing overnight. I mean, a lot of people's very identity is all wrapped up in consumerist fashions.
It's not only Generation Y, it's Generation X as well, not to mention the Baby Boomers.
The markets and the impact they have is slowly creeping into peoples minds, but they are still lacking the "big picture" feel and like to blame a lot of the bad stuff happening on the media reporting the bad stuff (at least that's what I overhear in various places).
I noticed today that Safeway has gone on a bender in selling Campbells soup for cheaper for their members, first time I have seen them do it, not to mention that they are now selling "floats" of the stuff.
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Re: Forecast: 1 million jobs lost per month
by cipi604 » Mon 08 Dec 2008, 01:57:36
I hope I have a job in March. I'll pray if I have too!!! 
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Re: Forecast: 1 million jobs lost per month
by Tyler_JC » Mon 08 Dec 2008, 03:06:23
One Million Jobs Per Month.
I have a hard time even imagining what that would look like in this country.
Anyone who thinks we are headed for long term deflation is nuts. The Feds are going to throw everything they have (and then some!) to stop a million job losses a month. We could be looking at helicopter money in the literal sense. Direct printed cash payments to consumers in order to boost the economy.
We couldn't do it in the Depression because the Gold Standard got in the way. Not anymore...
In the words of Jim Cramer, "Damn the Weimar, full speed ahead!"
I have a hard time even imagining what that would look like in this country.
Anyone who thinks we are headed for long term deflation is nuts. The Feds are going to throw everything they have (and then some!) to stop a million job losses a month. We could be looking at helicopter money in the literal sense. Direct printed cash payments to consumers in order to boost the economy.
We couldn't do it in the Depression because the Gold Standard got in the way. Not anymore...
In the words of Jim Cramer, "Damn the Weimar, full speed ahead!"
"www.peakoil.com is the Myspace of the Apocalypse."
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Re: Forecast: 1 million jobs lost per month
by smallpoxgirl » Mon 08 Dec 2008, 03:10:15
Yeah. It's really weird right now, because theres' this huge storm blowing up on the horizon, and yet, where we're standing, things aren't bad. I don't know anyone who's hurting badly yet. There's this cloud hanging over of what's coming though.
"We were standing on the edges
Of a thousand burning bridges
Sifting through the ashes every day
What we thought would never end
Now is nothing more than a memory
The way things were before
I lost my way" - OCMS
Of a thousand burning bridges
Sifting through the ashes every day
What we thought would never end
Now is nothing more than a memory
The way things were before
I lost my way" - OCMS
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Re: Forecast: 1 million jobs lost per month
by ReverseEngineer » Mon 08 Dec 2008, 03:20:28
$this->bbcode_second_pass_quote('Tyler_JC', '
')
Anyone who thinks we are headed for long term deflation is nuts. The Feds are going to throw everything they have (and then some!) to stop a million job losses a month. We could be looking at helicopter money in the literal sense. Direct printed cash payments to consumers in order to boost the economy.
We couldn't do it in the Depression because the Gold Standard got in the way. Not anymore...
')
Anyone who thinks we are headed for long term deflation is nuts. The Feds are going to throw everything they have (and then some!) to stop a million job losses a month. We could be looking at helicopter money in the literal sense. Direct printed cash payments to consumers in order to boost the economy.
We couldn't do it in the Depression because the Gold Standard got in the way. Not anymore...
It could have been done in GD1, all they would have had to do is print dollars and rely on the Faith in the Goobermint that there was actually some Gold somewhere to back it up. Not a whole lot different than buying Gold Certificates from a company which might or might not have any Gold to sell you. If you actually relied on gold itself and tried distributing it out to 6B people, you would have to look at the coins through a Microscope.
Not a whole lot different either from relying on the Faith in the Goobermint to pay off on its Treasury Bonds. There is actualyl a better chance of that than the Goobermint being able to pay you off in real Gold.
You can't redeem Treasury Bonds for Real Money if the Goobermint doesn't HAVE real money any more than you can redeem Dollars for Gold if the Goobermint doesn't HAVE enough Gold for all the dollars. PMs failed as a standard because there simply isn't enough of them to well represent the economy and because in an of themselves they hold no real value other than the Faith people have that Gold will always hold its Value. I guess you always believe people will value shiny metal even if they are starving?
Anyhow, we should get to see some of the outcome of this soon enough. The stories are moving into the MSM along with the Denials. It won't be long now.
Reverse Engineer
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