America’s “Food Lines” Are Being Measured In Miles As Desperation Sets In All Over The Country

When I repeatedly warned that a large portion of the population was completely and utterly unprepared for any sort of a serious economic downturn, I was not exaggerating one bit.  A survey that was taken last August found that 59 percent of Americans were living paycheck to paycheck at that time, and that wasn’t going to be a major problem as long as the paychecks kept rolling in.  But now we have seen the biggest spike in unemployment in the history of our country, and millions of workers suddenly don’t have paychecks coming in anymore.  In just a matter of weeks, economic desperation on a massive scale has erupted from coast to coast, and the stress that this is putting on food banks and other charities that work with the poor has been unprecedented. (Read More...)

U.S. Job Losses Accelerate: Here Are 10 Big Companies That Are Cutting Jobs Or Laying Off Workers

Job cuts and layoffs are coming fast and furious now as the U.S. economy really starts to slow down.  We haven’t seen anything like this since 2008, when millions of Americans lost their jobs in just a matter of months.  Things are certainly not that bad yet, but there has been a very noticeable shift over the last couple of months.  Back during the summer, everyone was talking about how well the U.S. economy was doing, but now things have dramatically changed.  At this point, economic activity has slowed down so much that even Jim Cramer of CNBC is admitting that the U.S. economy has “cooled”.  If current trends continue, things will certainly get even worse, and the job losses in this article will be just the tip of the iceberg. (Read More...)

Do NOT follow this link or you will be banned from the site!