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2014's GDP Final Revisions: -2.9%, Looks Like Another Recession
#26
014's GDP Final Revisions: -2.9%, Looks Like Another Recession
Quote: (06-25-2014 07:42 PM)Samseau Wrote:  

The ongoing depression right now is disproportionate in it's effects. Right now flyover country in America is being absolutely decimated and crushed while nearly all growth is contained to the following major cities:

- NYC
- DC
- LA
- Boston
- Chicago
- Miami
- Atlanta
- Seattle
- San Francisco

If you're outside of those cities, you're basically fucked. Meanwhile, my income so far this year looks to outstrip every other year I've been alive, while the majority of America crashes and burns.

People forget that just because it's a depression doesn't mean everyone loses. Quite the country. Usually depressions are just massive relocations of existing wealth. In present America, wealth is being funneled into major cities as middle class white America is cannibalized to support massive government programs, bailouts, and money printing.

Most of the men in this forum are located in major cities - congrats. You get to enjoy the easy pussy and easy money. But do not lose sight of the big picture. America is rapidly transforming right now into a fucking nightmare. Twenty years from now it may not even be safe to leave most city limits. Most roads in America will be completely undrivable.

Do your best to help out the men who lose their jobs to globalization, and do your best not to get fucked over in this shrinking economy.

Right on here. We are seeing the economy (and the country along with it) bifurcating along several lines which run closely parallel to each other, and which come together to form a great chasm between the two sides: urban/rural, big/small, public/private, financialized/de-financialized, government connected/non-government connected, etc...

Basically, if your business is big, headquartered in a major coastal city, publicly traded and connected in Washington, you're doing ok. You're being taken care of fairly well.

Everyone else...well, sorry. You're fucked, and it's only going to get worse.

This is what happens when the government and the Fed destroy the free market by injecting massive amounts of printed money into the financial and banking system. All the big dogs use that free money to expand and sustain their operations. Very little of it trickles down to the small and medium-sized businesses, and even less to workers. Wages for most workers have actually decreased over the past decade, despite substantial inflation.

The future of work in this country is either attaching yourself to a major corporation or hustling a variety of small-time under the table gigs. Small businesses will be forced to go increasingly cash-based and off the record and medium-sized businesses will be bought up by large corporations flush with printed Fed money before they can grow into rivals.

[size=8pt]"For I reckon that the sufferings of this present time are not worthy to be compared with the glory which shall be revealed in us.”[/size] [size=7pt] - Romans 8:18[/size]
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