Hey Defender:
I read your post and I am sorry for you that you are caught in this situation. I hope you land on your feet safely and quickly!
by Defender 16 Replies latest jw friends
Hey Defender:
I read your post and I am sorry for you that you are caught in this situation. I hope you land on your feet safely and quickly!
Hi Defender,
I'm so sorry to hear that you and ChuckD are in the same boat that my husband was in for so long, and just got out of!
People say that the economy isn't in a recession...but you wouldn't know it living in this state. We are in full blown chaos here and it isn't looking to get better anytime soon.
My husband worked for a fledgling design company with 17 employees last year: that number got cut by 10: then by 3, and mine survived up until the very last round of lay-offs. He was called back, because they got a 'big' job: two weeks later, the job was yanked and that was it, back to the unemployment line.
Overall he was laid off all but 2 weeks between Easter and now. He just got hired by a much bigger company (and one that is diversified, not totally invested in the auto industry, which is business suicide these days) and he starts next week. We were just about to lose our medical insurance, and with me that is a big concern. I am so grateful that we won't lose it now.
Anyway, I just wanted to let you know that I know what you're going through. It's scary: especially if you have a family to support.
I hope that you will land on your feet and quickly find yourself in a new position. Keep us posted.
*hugs*
essie
Hitech and telecom are just the first wave of an oncoming financial tsunami-like crash. Anyone who believes the nonsense of an imminent recovery is a fool. Last year Wall Street was touting tech stocks all the way up until the blow out. It was the largest swindle ever perpetrated on the suckers. Since then we have heard them lie over and over again that the next quarter would see the rebound. No one wants to know the truth: the productive economy is in virtual freefall and no one can stop it. When once the accelerating collapse of the industrial base reaches a certain point, the speculative financial bubble can no longer be sustained. As an example: The telecom industry as a whole is 350 billion dollars in debt and is defaulting on it's bond obligations at a record pace. That puts banks and brokerages and bondholders in jepordy. And because of the collapsing speculative bubble and loss of corporate profits, the tax base of states and the federal government erodes. Just last fall in the United States the big debate was what to do with all that surplus money the government supposedly had laying around, now, as of yesterday, the politicians are saying they are busted and going to have to dip in to the Social Security accounts to keep things going. At every turn is hysterical denial of the cold hard facts. Only a handful of people get it: the global financial system is finished.
/ You Know
You Know:
I think you had better slow your momentum in this discussion. I have been warning friends in and outside of the hall about the technology stocks that would eventually blow up like balloons and then pop for the last 4 years!
As a matter of fact, a newbie CO appointed in Georgia who came from my hall frequently availed himself of my technical and financial services, as is common in the borg.
Now, before I engage you in this discussion, I want you to understand that my approach is based on my education (B.S. Business Management - Pomona College-CA, M.S. Computer Information Systems - Roger Williams University) and my 11 years in technology management, 7 years of finance and 3 years in government service.
Here goes;
While it may appear "prophetically convenient" to capitalize upon the hi-tech stock failures as part of a composite sign of the end, it is not a valid application.
Firstly, westernized nations are peaking technically and financially now and are economically over inflated, however, what many fail to realize is that the under developed nations and third world nations have yet to build, expand, and upgrade their economic, technical and communications infrastructures.
For example, although the US holds roughly a population between 250 - 300 million people (legally documented), the potential for computer hardware and software manufacturers make sales has already peaked in this country. Innovations and improvements continue on a steady stream, therefore it is IMPROBABLE that all US inhabitants will access technology thru a personal computer. Some will use micro devices and PDA's etc..
This means OEM's (original equipment manufacturers) will need to sell their wares overseas. Now, examine the chinese population. What is the potential for computer sales there? How about India, the third world nations in Africa and Asia?
So, in conlcusion, the economic "turnaround" is indeed ahead. The adjustments in manufacturing, market structure, market values, world trade policies, world banking and currency fluctuations, are ALL PART OF THE GLOBAL GROWING PAINS IN MOVING FROM A PAPER AND CURRENCY BASED WORLD SYSTEM.
There are millions of humans without any technology or ability to access public information. That alone is a giant behemoth of opportunity.
Also, I do not know if you are able to travel overseas on a regular basis. But, if possible visit southern europe, and watch the buildup of new communications infrastructure, you will realize the explosion has merely shifted locations.
For example, in MILAN and ROMA this past year, the Italian Government finally did something smart by upgrading directly to FDDI (fiber optics) rather than continuing to upgrade the existing POTS (plain old telephone service) copper based cables. The race for hi speed access has taken root. HFC (hybrid fiber coax) also known as cable modem service is already spreading into the country side.
The growth in Germany, Ireland, England and most of northern europe dwarfs what is going on in Italy. We are actually moving closer to 1984 than you think.
To utopian reformer:
I want you to understand that my approach is based on my education...
Yes...but are you presently employed? LOL! The fact of the matter is that the present system is run by people with impressive resumes,' yet it is becoming more obvious by the day that most of them don't have a clue what's really going on in the world, much less how to fix it.
While it may appear "prophetically convenient" to capitalize upon the hi-tech stock failures as part of a composite sign of the end, it is not a valid application.
That remains to be seen. From my spot in the crow's nest, we are just on the fringes of the outer squall line. The REAL storm hasn't even hit---yet. Do really really think that the world is going to see Jesus' coming like a thief in the night?
Firstly, westernized nations are peaking technically and financially now and are economically over inflated,
That's not true. The Western nations have allowed their economies to crumble. The physical infrastructure has been in a long, slow, decay for decades. What passes for the economy is largely unproductive paper shufflingly and financial speculation.
however, what many fail to realize is that the under developed nations and third world nations have yet to build, expand, and upgrade their economic, technical and communications infrastructures.
That's true. Most people on the planet don't even have telephone service. And they likely never will because those nations have been buried under a mountain of debt.
Now, examine the chinese population. What is the potential for computer sales there? How about India, the third world nations in Africa and Asia?
There's no question that that region has tremendous potential for development. That's where the majority of mankind live. So yes, the untapped markets are enormous. That is not to say though that the potential will be realized. There would have to be some radical structure changes in the money system and in the political system as well.
So, in conlcusion, the economic "turnaround" is indeed ahead.
Talk about jumping to conclusions! LOL! You are overlooking the fact that the system is totally bankrupt. That presents a problem that cannot be wished away so easily. / You Know
Greetings:
As far as employment is concerned, I am a manager in a government technology department. I posted this information last month.
Onto specualations, you are forgetting the most important impetus to third world development: the need/greed factor. Plainly stated, the rest of the world does resent western society, especially the US.
This resentment translates politically into the establishment of needs and greeds for ambitious statesmen, ministers, officials, rulers, leaders, etc..
Eventually, modern revolutions will occur with the minimal of violent force and progress economically and technologically to culmination.
Keep your eyes on the Korean Situation, the situation in Taiwan.