When I declared a National Emergency because of the oil prices back on April 21, 2008, I predicted that the speculators and gougers would put us in a great depression. I hate to be right, but I was. Some would argue that we are not in a depression, I would say otherwise. We are real close to calamity.
I know I may just be a simple California Motorcycle Accident Lawyer and Biker Lawyer, but I studied business in College before going to law school. It did not take a rocket scientist to see what was going on.
Now here we are, a new year, a new President in office, and California is approaching 10% unemployment. Today Harley Davidson Motorcycles announced lay-off’s, Microsoft announced layoffs, and we have lost approximately 500,000 jobs in the past month. Every day more and more doom and gloom are announced on the news.
The State of California has a huge budget deficit which they have announced will force them to write IOU’s for tax refund checks, etc., because they have no more money. My fiancé went with a group of other union representatives to Sacramento yesterday to rally the government not to cut programs for the poorest Californians there are.
It is so bad that many counties including Los Angeles are going to lay off employees that work for social services, and who give out food stamps and provide emergency services for the poorest of the poor with children. Imagine, they are going to lay off the people who provide aid to people who are destitute with no food or shelter. This is as bad as it gets.
I am usually a positive guy, but I can see the writing on the wall. The State of California is going down, and the nation is going down. How far, god only knows.
I am going to try to break down the economic crisis the way I see it into simple terms that everyone can understand. International Corporations, Robber Barron Speculators, Gouging Oil producing nations and speculators, and lack of balls on the part of our government over the past 8 years has pretty much destroyed our government and country.
We learned a long time ago that unregulated capitalism leads to lack of real competition, and the rich ultimately taking advantage of the poor. The people who have been in power over the past eight years sold our nation to the devil. Communist China owns our ass.
What is money? Money is something that someone is willing to accept in return for goods and services. A US dollar is simply a piece of paper. It is printed by the US Government. A hundred dollar bill is only worth a hundred dollars if someone is willing to provide goods and services in return for it, otherwise it is a worthless piece of paper. Our money is fast becoming worthless on the world market.
Our nation is still the same nation that won WWII. We have vast resources, tremendous expertise, and one hell of a strong work force. None of that has changed. The only thing that has changed is that our government, International Corporations, Robber Barron Speculators, Gouging Oil producing nations and speculators have sold us a pile of shit for the past eight years.
To get us out of this mess we are going to have to approach this crisis like we did the Manhattan project in WWII, and WWII itself. Our nation’s survival hangs in the balance.
Folks we have to approach the economic crisis like it is an utter emergency because failure to do so is not palatable. We could lose our way of life, or worse, our nation.
I have some solutions in mind to fix our economic crisis. Many would think that they are radical. If there is someone out there who reads my mayday distress call and wants to hear my solutions, let me know. I sure would like to hear about yours.
By California Motorcycle Accident Attorney and Biker Lawyer Norman Gregory Fernandez, © 2009
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