Get Ready For Great Depression 2 (Here Are The Top Reasons Why)
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Posted By: Siebra Muhammad on January 13, 2009 Peace To All: The following is part of an essay posted on the site www.globalwatch.com. Please take a moment of your time to reflect on the severity of the statement: Get Ready For Great Depression 2 (Here Are The Top Reasons Why) US population: 305,217,230 (as of Sept. 2008, increasing at the rate of 2.8 million per year) Number of American adults: about 230 million. Current US Employed (non-farm W2 payroll): 132.6 million (2/05) Net non-farm jobs lost since President Bush took office: 1.29 million By comparison the Clinton Administration created 23 million additional jobs over eight years. Current US Employed working part time because unable to find full time work: 4.4 million Total number of US workers unable to find either PT or FT work: 10.3 million (NYT 12/7/08) Unemployment rate: 6.1% (August, 2008; increasing trend, 5.7% in July) Young adults (age 16-24) unemployed, out of school, losing hope: 5.5 million The percentage of men aged 25 - 54 who have gone an entire year without work: 8% Illegal Immigrants residing in America: 8-20 million (obviously displacing many US workers) The latest estimates as to the rate that illegal immigrants are arriving is now 3 million per year. Most of these immigrants are poorly educated and illiterate, severly impacting our education system and social infrastructure. US manufacturing jobs lost 2001-2005: approximately 2.3 million ! Due to NAFTA, CAFTA, outsourcing to China, etc. Total Information Technology jobs lost up to 2005: one million Net new W2 payroll jobs created or lost (per month): 121,000 new jobs created in July 06 124,000 new jobs created in June 06. 75,000 new jobs created in May 06. ... 159,000 jobs lost in September 08 240,000 jobs lost in October 08 533,000 jobs lost in November (1.91 million total lost this year.) 524,000 jobs lost in December; 7.2% unemployment rate Net new monthly job growth required so that there will be sufficient jobs for arriving immigrants/graduates: 150,000 (In other words we need to be creating about 2 million new jobs per year just to stay even with population growth.) Weekly new applications for unemployment insurance ("jobless claims": 312,000 (week ending 8/3/06) 322,000 (week ending 8/10/06) 312,000 (week ending 8/17/06) ... 435,000 (week ending 8/15/08) Compare to two years ago, directly above!! 425,000 (week ending 8/22/08) 445,000 (week ending 8/30/08) 451,000 (week ending 9/06/08) 498,000 (week ending 9/27/08) 478,000 (week ending 10/04/08) 529,000 (week ending 11/22/08) 509,000 (week ending 11/29/08) 575,000 (week ending 12/6/08) -- Largest number in 26 years!!! 554,000 (week ending 12/13/08) 586,000 (week ending 12/20/08) -- Largest number since Nov. 1982!! 492,000 (week ending 12/27/08) -- Good, a shrinking trend; let's hope it keeps shrinking. 467,000 (week ending 1/3/09) -- Continuing to shrink. Workers continuing to draw unemployment compensation: 4.61 million (as of 12/27/08) Current Worker Productivity: +8.1% (The higher this number the fewer workers are needed.) Personal bankruptcies for the 12 months ending March 31, 2005: 1,618,062 (an increase of 2.8% over previous 12 months) The three worst states in terms of current (3/27/05) unemployment: Michigan, Rhode Island, South Carolina. The four best states having gained the most (or lost the fewest) jobs since 2007: Texas, North Dakota, Wyoming, Alaska. Average Annual Legal Immigration: 1 million (most need jobs when they arrive) Average Annual Net Illegal Immigration: 500,000 (estimate) H-1B Visa holders resident in the US displacing high tech US workers: 900,000 US Citizens entering job market each year (graduation from H.S./college etc.) : approx. 1.4 million US workers leaving the job pool each year (due to retirement, death, emigration, etc.): ? Disabled US workers and family members drawing disability (SSDI): 8 million. Americans living in poverty: 37 million (13 million are children), may go to 50 million under the current recession!! (NYT edtrl, 11/27/08) Persons currently on Food Stamps: 31.6 million (NYT 12/7/08) Americans in jail as of Dec. 31, 2003: 2,212,475 Estimated number of American drug addicts: 11 million Americans currently without health insurance: 45.7 million (down from 47 million), NYT 08/27/08 (Some of these may be on medicaid.) Mortgages delinquent or in foreclosure (CNBC, 9/19/08): 5.0 million Current Federal Minimum Wage: $5.15 (recently increased) Nominal work week: 40 hours. (We recommend it be reduced to 32.) Number of mortgages (commercial and residential) outstanding: $14 trillion (Bernanke, 9/24/08) Brothers and Sisters please make copies of this message and pass it on. It is important that you keep at least one copy for yourself. We must began to prepare ourselves for what's coming down the pike. One Love, Siebra If you enjoyed this article, Join HBCU CONNECT today for similar content and opportunities via email! |
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Siebra Muhammad
A Registration Clerk/Specialist, New Orleans Public Schools Other College... class of 2001 Member Since November 2008 |
Comments
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Some folks love this type of 'warning" I for one, know how the game is played. The game is changing and new paradigms are being created,this woe is me stuff is toxic to positivity and has if anything great potential for bringing about change. Ask and you shall receive and God is greater than man..that is why we Christians believe and say, "Greater is He that is in me, than he that is in the world." God Bless.
Wednesday, January 14th 2009 at 12:08PM |
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There's a great possibility America is in trouble. With financial markets in ruin and it's credit industry in shambles we're not gonna see the money change anytime soon. Unfair trade inbalance has put America in serious debt to China 1.5 trillion dollars. The Chinese newspaper have called the financial crisis, "The Death of America". Anyone thinking America will change back to normal after the stolen election of 2000 and 911 and the collapse of it's financial market are dreaming. With the election of a black inexperienced president who has hired all the people from his rivals the Clintons the situation is very bleak. Things will simply not be the same anymore and America is losing it's high status which is that same thing as falling. Whether or not that leads to a great depression or worse break up of America is all a possibility and we should prepare for both as well prepare for prosperity.
Wednesday, January 14th 2009 at 8:40PM |
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The election of the first official African American as president of the Unites States of America is an event worth notice. Obama Barak, an almost unknown Senator from the State of Illinois seemingly ran a gallant race against very popular and well financed opponents. After winning the Democratic nomination against New York Senator and former first lady Hilary Clinton, Barak went on to challenge the Republican Party nominee Arizona representative Senator John McCain. With McCain facing the Obama Barak who was much younger, charismatic and the first African American nominee of the Democratic Party, an unprecedented move was made by the Republicans. Alaska Governor Sarah Palin was asked to accompany John McCain as his Presidential running mate. A win by McCain would make Sarah Palin the first female Vice President in U.S. history. The 2008 Presidential race marks a turning point in the political landscape in America and the world. There has not been the level of excitement and interest created by this election since John F. Kennedy who became the first officially Catholic President. The Catholic Church has a very interesting history especially as it relates to politics in America. The reason that John Kennedy was the first Catholic President of the U.S. was based on spoken and unspoken policies of the government regarding the Church. The policy regarding the separation of church and state was specifically created with the history of the Catholic Church in mind. Religious freedom has been one of the most coveted privileges of America and because of it peoples from all over the world has sought refugee here. The Catholic Church also called the Church of Rome has a long and bloody history of suppression of human rights, especially through the use of violence. Over the ages and through many political struggles, the Roman Catholic Church has become the single most powerful institution in the world. It operates as a paradox seemingly something that it is not. Headquarter in Rome, the Vatican is the smallest sovereign nation on earth but it has more citizens than any other country. According to doctrine, anyone becoming a member of the Catholic faith also becomes a citizen of Rome. Catholics are represented in every race, creed and culture in the world. It is a multiethnic religious community. The Church is also the wealthiest organization on earth. Within the Vatican are the priceless treasures of the ancient world many of which are on display for tourist to see. Along with these treasures the Catholic Church is touted as owning more real estate around the world than any other single entity. America has a trade deficient that amounts to trillions of dollars. The country is known for borrowing money to support the American economy. Under the Presidential administration of George W. Bush the deficient grew to levels not seen in previous administrations. America has exceeded its ability to pay the interest of the borrowed money and thus has gone into the process of foreclosure. The entity holding the debt on America is the wealthiest nation in the world, the Vatican which is run by the Roman Catholic Church. The election of Obama Barak is symbolic of the new administration which is totally run by Rome. American through default has being brought into the New World Order. No longer a sovereign country, the United States will come up under the umbrella of the Roman Empire along with Canada and Mexico comprising a single entity, like the united Europe The new American currency has already been minted. The process of the takeover started with the founding of the Federal Reserve Bank. Although it has an official government name, it is a private held institution. Most Americans are use to paying income tax once a year to the government through the Internal Revenue System, that money goes out of the country to the Catholic Church to pay on the deficit. The Internal Revenue System, Federal Reserve Bank and Postal Service are owned and run by the Church of Rome. Since people have been taught that there is a separation of church and state, the Catholic Church had to hide its identity to the average on looker. The United Nations is the secular arm of the Church by which it governs the world. Through the U.N. policies are set and implemented around the world. Obama Barak did not put himself in office. The Roman Catholic Church did. From the Civil War which was a conflict between the Catholic Church firmly planted in the North and represented by the Federal Government to the Protestant Church of the South represented by a Confederacy composed of Freemasons in the South an invisible war behind the visible one has always been present. Even the Civil Rights Movement which was planned and financed by the Catholic Church reflects the on going struggle for power. In almost every major march headed by Martin Luther King, the United nations Flag was shown prominently. According to long time Protestant doctrine, black skin is classified as an abomination. In the Catholics defeat of the Protestants, an abomination will be the new President. Under Obama Barak, America will be an Obama-Nation! Compared with Martin Luther King, Obama is the drum major that is leading in a new way, a new world order. Just as the Civil Right participates which included many Catholics marched under the United Nations Banner so will the United States under Obama Barak. Dadisi Thursday, January 15th 2009 at 12:41AM |
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