Posts Tagged ‘collapse’
Why do people say the economy will collapse without illegal immigrants?
Posted by admin in Finance Tuesday, 15 November 2011 01:56 18 Comments
Ok, hypothetical situation. The government grows a pair and gets rid of all the illegals. What part of the economy will collapse? Can someone be specific?
My strawberries may go up by a dollar a pound. My life is ruined. I may have to mow my own lawn. Woe is me.
Our gas prices have doubled in a little over a year and everyone said the economy would collapse. Guess what? Americans adapted.
Maybe the government can take the money they burn on social services to illegals and subsidize the industries that will be affected by the loss of cheap labor.
The Center for Immigration Services quoted that in the year 2004, the Federal Government paid $11 billion in aid to illegals, combining education, food, prison costs, et al.
The average illegal family cost the government over $3000.
This does not include any state or local costs.
The average illegal immigrant family pays 28% of the taxes gathered by legal families in the same wage bracket.
What other facts would you like me to get or straighten? Seems pretty straight forward already.
I’ll admit that some prices will increase, but the economy will not collapse. Also, there would be a positive effect on the economy from all of the money not been transferred in the Mexican economy by illegals wiring paychecks back to Mexico.
I’ve given the source of my numbers. Where do your numbers come from Lidia? And please don’t say it comes from personal observation.
Would the economy collapse if we fired all the government workers?
Posted by admin in Finance Monday, 7 November 2011 05:21 17 Comments
The average federal government employee makes almost twice the salary of an average private employee, counting fringe benefits..
This means if federal employees are cut, then half the economy will be cut.
World Economy Collapse
Posted by admin in Finance Tuesday, 27 September 2011 06:03 No Comments
The end.
The total collapse of the US economy is inevitable – Here’s why
Posted by admin in Finance Wednesday, 7 September 2011 09:25 8 Comments
If you already understand this, then use this video to help your friends and family understand. The United States is going to collapse, not just financially, but also politically and societally. This is a mathematical certainty. In this video I outline the basic facts that make the utter collapse of the dollar inevitable. My purpose is not to scare you, but to motivate you to prepare. I fully believe that the life of you and your family depends on the actions that you take now.
The Collapse of the Dollar and How to Profit from It: Make a Fortune by Investing in Gold and Other Hard Assets
Posted by admin in Finance Saturday, 3 September 2011 16:20 No Comments
Product Description
The dollar is in trouble. Its value on foreign exchange markets has been falling for the past six years, and now its gradual decline is about to become a rout. This spells big trouble for the American economy—but potential riches for smart investors. In The Collapse of the Dollar and How to Profit from It, financial gurus James Turk and John Rubino show how the dollar arrived at this precipice, why it will continue to plunge, and how you can profit from the resulting financial crisis.
The United States today is the world’s biggest debtor nation. To finance this mountain of debt, we’re flooding the world with dollars. The resulting oversupply of dollars will cause its value to decline until it is displaced as the world’s dominant currency. Precious metals will soar in value, and gold will reclaim its monetary role at the center of the global financial system.
James Turk, a leading gold authority and the founder of GoldMoney.com, and John Rubino, editor of the popular Web site DollarCollapse.com offer strategies for investing in gold coins, gold stocks, gold-based digital currencies, and other hard assets to create a profitable portfolio.
The Collapse of the Dollar and How to Profit from It is a must read for every citizen and investor.
The Collapse Of The US Economy
Posted by admin in Finance Thursday, 1 September 2011 17:12 25 Comments
theeconomiccollapseblog.com The US economy is like a rubber band that is being pulled in several different directions at the same time. Everyone knows that at some point it is going to snap, but nobody is quite sure exactly when it is going to happen. Right now, the state of the economy is not good, and it is going to get a whole lot worse. Sadly, most Americans don’t even understand the economic fundamentals well enough to be able to ask the right questions to our politicians. Today, the United States consumes far more wealth than it produces every single month. That means we are continually getting poorer. US debt is also rising at a far greater rate than US GDP is. On an individual level, if your assets were going down every single month and if you were going into more debt every single single month it would be easy to understand what was happening. However, most Americans can’t really seem to grasp what is taking place on a national level. Our politicians and the mainstream media just keep telling them that everything is going to be okay and they just keep believing it. theeconomiccollapseblog.com To learn how you can become a Christian by inviting Jesus Christ into your life, please see this article…. whatdoesthebiblesayabout.com
Stock Market Videos: Markets Collapse On Europe, Trades, Levels, Profits
Posted by admin in Finance Wednesday, 31 August 2011 07:34 8 Comments
The markets are selling sharply today on the back of comments from the ECB Chief Jean-Claude Trichet and continued contamination fears across Europe. The markets are looking to close dramatically lower on heavy volume. The bottoming tail from yesterday will be negated today unless a massive rally takes place. That is unlikely. Stocks are getting crushed across the board. Nothing is being spared the carnage. The Dow Jones Industrial Average is down close to 400 points. Watch for Europe to take some sort of step in the next 24 hours to curb this massive decline. Also, begin watching for Ben Bernanke to do something. Take the seven day free trial to the Research Center and Intra Day Stock Chat. Join the pros and make money in any market.
Iceland rejects deal to repay UK, Dutch for Icesave bank collapse, triggering more uncertainty
Posted by admin in Finance Sunday, 10 April 2011 11:23 No Comments
Iceland rejects deal to repay UK, Dutch for Icesave bank collapse, triggering more uncertainty
REYKJAVIK, Iceland — Referendum results show voters in Iceland have rejected a government-approved deal to repay Britain and the Netherlands $5 billion for their citizens’ deposits in the failed online bank Icesave.
Via:Read more on Washington Post
American Cities Go Bust! US Dollar Collapse Imminent
Posted by admin in Finance Monday, 14 March 2011 12:50 17 Comments
Overdrawn US cities could face financial collapse in 2011, defaulting on hundreds of billions of dollars of borrowings and derailing the US economic recovery. But as cities are choosing between devastation and default, analysts say really it’s about the fall of American cities and the coming collapse of the Union. It’s the reality America cannot escape, news of debt cash-strapped cities and states all over the country. All together it could amount to two trillion dollars and a bill many of them may not be able to pay. “The problem of the state and local debt is more serious than the real estate bubble,” said Michael Hudson, Wall Street analyst and professor of economics at the University of Missouri. Serious because with millions of Americans still unemployed and losing their homes, there isn’t enough taxpayer money to pay creditors. Local governments which aren’t allowed to operate in the red must come up with the cash. This means some may be choosing between default and devastation. “I think most cities will be able to avoid default by cutting services,” said Joe Weisenthal, deputy editor at The Business Insider. Cities and states coast-to-coast seem to be trying the latter route and the toll it’s taking on the streets of America is undeniable. Camden, New Jersey is the second most dangerous city in the country. You didn’t see many cops on the streets to begin with and now you may rarely see any. The city’s had to lay off nearly half of their police force. In Detroit a …
Don’t Panic! 2 Days Until collapse?
Posted by admin in Finance Wednesday, 9 March 2011 11:34 25 Comments
Nov 1,2009 – recorded 17:00 GMT Afghanistan orders closure of schools over swine flu: www.worldbulletin.net Hospitals ‘feel swine flu strain’: news.bbc.co.uk Swine Flu Fears Grip Ukraine: online.wsj.com Panic in Orissa school after 2 swine flu cases: feeds.bignewsnetwork.com Cytokine storm: en.wikipedia.org Gartner joins GAO in raising flu network congestion fears: news.idg.no PBS: The Crash of 1929: www.pbs.org Black Monday: Ancient History Or Imminent Future?: technicaltradingpatterns.blogspot.com Geithner: Economy Growing, Jobs Lag: online.wsj.com CIT, or the worlds least unexpected bankruptcy filing: ftalphaville.ft.com CIT would be the fourth-largest bankruptcy in US history: ftalphaville.ft.com CIT preparing to seek Chapter 11 bankruptcy protection as early as Sunday: www.washingtonpost.com CIT creditors back protection plan: www.ft.com The grim reality is that America is not out of recession: www.telegraph.co.uk Oh, by the way… Reinhardt picked the date it started… And I see to recall he picked the timeframe back in May? www.enterprisecorruption.com Gutted – cv1122 http Peace and Love
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