DEBT, MARKETS etc.

[Dana]

http://globalresearch.ca/index.php?context=va&aid=17451

"The incidence of unemployment may be lessening, but it isn’t going away. Those of you who keep your ear to the ground know that real unemployment is 22.5% and in cities like Detroit it is somewhere near 45 to 50 percent. This is the result of free trade, globalization, offshoring and outsourcing. No city in America has been deprived of their livelihood more than Detroit. Yet, this is only the beginning. If allowed to continue 30 percent more of our jobs will be allowed to leave America, making our country an economic basket case over the next 20 years. The $25 billion that our federal government is about to loan to the states will help keep unemployment paying out and save some 40 states from going into bankruptcy. That will keep some Americans going but not for long.'

Gosh, another wacky ride this year?
Georgia's forecast seems to indicate it too tho things level off toward the end of the year, according to her scope.

D
Hey, is her forecast any more wrong than Allan Greenspan's???

[Canadian]

I think in Canada too it is higher than we are told. Seems many places only hire part time, there are many under employed and people making not much above minimum.

This is the result of free trade, globalization, off-shoring and outsourcing.

Yup and the same here. Business just moves their shop to China, India, Philippines, Mexico and anywhere else there is cheap labour, lax labour and environmental laws and were politicians and authorities are subject to bribes.

These are only good times for big Corps and the CEO's (who never learned their lesson from the collapse in 08-09) but not the people. You will see more and more people have 2-4 part time jobs, pay higher taxes, losing their homes more bailing out the rich,

Canada is headed for the same housing issue the US had as soon as interest rates go up, many will be screwed and unable to pay..

I keep having that flash back to that open house Bush had in my mind when I read articles like this about the time Bush congratulated that Women for working 3 jobs to get by and how she was great or something like that blah blah..

Here is the exact quote:

"You work three jobs? … Uniquely American, isn't it? I mean, that is fantastic that you're doing that." —to a divorced mother of three, Omaha, Nebraska, Feb. 4, 2005

Link and audio clip

The thing about debt, is there a real future for young people in Canada? yeah if they go to University they may get a job or career they want but they will also be saddled with huge University debt unless they come from money.

Saddled with 10-30,000 in student loans like how do you pay that off and save for a house while paying huge rent? rents are no longer cheap. Houses are not cheap in Metro Vancouver or even in places like Kamloops or Kelowna anymore. Then there are the people that should be going to university but can not due to lack of money....and so many manufacturing jobs from assembly to forestry to phone customer service agents being outsourced...it does not seem pretty when it is all added up...I think it will only change when there are so many 'poor' people and people going without then the rich and elite will get the Queen Marie Antoinette treatment...

[Toby Fourre]

Detroit now has half the population it had when American cars were popular.