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America; Decending to 3rd World Status?

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Mike Folkerth
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But wait…who supports that safety net? The remaining job holders; so with no jobs is there a safety net? The short answer is no.

I want you to do something for me. Come on, pacify me for just a moment. I want you to pretend that you are unemployed. Not only unemployed, but unemployable, as in there are no jobs available. How long would it be before you reached third world status?

Don’t just dismiss this as, “It won’t happen to me.” That is what the 25,000 people being furloughed (as we speak) from Chrysler thought. Or the 30,000 from GM. I could go on, but it’s plain that industry is leaving the U.S. daily. See the first paragraph of this post.

What would you do? Where would you go? I can tell you; in a short time you would go broke and reach third world status. Scary huh? But you say you’re in management and life is good. Here’s a prediction. I hope I’m wrong. I believe the next huge round of layoffs in the U.S. will be in upper middle management. Companies in trouble (like say banks) jettison their heaviest baggage first.

The #1 job in the U.S. is that of a sales clerk. Number two? A cashier.

The basic employment in the U.S. is not creating wealth, it’s creating debt!

Think about all that I’ve just said. These may be dark thoughts, but unfortunately, all too true. Third world status is just a pink slip away. And what are your main stream politicians doing for you? They’re helping you pack for the trip!

We need a radical leadership change. Consider Congressman Ron Paul, or another candidate that expresses some hope for Middle America.

“If you find you’re on the wrong train, get off at the next stop, it’s a much shorter trip back home.” ── Mike Folkerth

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Mike Folkerth is the author of "The Biggest Lie Ever Believed" and is not your run-of-the-mill author of finance and economics. The former real estate broker, developer, private real estate fund manager, auctioneer, Alaskan bush pilot, (more...)
 
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