Quote from EMRGLOBAL:
Wrong....you'r reading way to many mainstream press bullshit.
the restructuring of WallStreet, yes. Soon, the Markets will be over regulated with extra tax added, including the Health Care tax which is 2.9% on Interest and Dividins if it is passed. So, many more brokers, traders soon to be on their way to other jobs.
I doubt the collapse is going to happen, due to the Banks and Wallstree being regulated. ( I don't want more regulation but you can't fight it/) However, the destruction of the middle class, yes. Those who lost their jobs, may never find another or may have to work for far less. The day's of not being cash liquid and driving fancy cars, dinning out in resturants everynight, shopping at the "Stores" , buying homes, etc...all the luxary items will no longer be part of the middle class vocab.
Manufacturing may be trending to "Lights Out" opperation. I have only one client that is actually using such a opperation and he layed off 90% of his "manpower", only has 40 engineers and the rest is pure automation. This seems to be the trend that many of my other clients are talking about if:
Health Care passes,
Bush Tax cut is not kept
Fed Gov passes Carbon Tax
What many people fail to understand is that those who "Produce" will continue to. One way or the other. It isn't as if the US producers want to lay off...they are going to have zero choice. They are not gona allow their life and their dreams to be destroyed by the Fed Gov. It's pure survival mode for my clients as far as their mentality goes. They are putting up huge revenue now and profits are coming in stronger than they have in 8 years. But that is due to the "Fat" being cut out. If the OBAMANATION crew decides to put the squeez on them, they will unload even more workers, find automation and continue to produce and make money. Some may even move off shore.
OBAMANATION is hurting the very folks that voted for him and those who are in debt beyond their means. He will destroy the middle class but he will not destroy the true wealth of this country, thus the "Collapse" will not happen.
I feel for most who are in dead-end industries, those who refuse to find the light at the end of the tunnel and those who have their heads in the sand.
But as my clients, I will not allow OBAMANATION to destroy my life or my income. It's time for me to make even more money and put it to work as well as pay the taxes. I don't really have much of a choice. Thank God for OIL!