Quote from: triffid on October 22, 2013, 08:51:37 PM
The real problems of government largess, money printing, artificial interest rates, asset bubbles and debt have not been addressed at all. Rather, Washington has merely agreed to perpetually extend its lines of credit and to have the central bank purchase most of that new debt.

Exactly, triffid.
The Fed. Reservce is buying securities at the rate of $40 billon/month using freshly printed money for that purpose alone.   Assets aquisition by the Gov't and fat cats is a prelude to the collapse of the economy.
       However, can they eat a steel can of beans?   A bar of soap?   Drink a gallon of gasoline?   Idiots.   Stockpile your staples and foodstuffs, in hiding, and sharpen your edged weapons.   If you can own a gun, get one and make sure you have ample supplies of good ammo for it.

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Instead of placating the fears of our foreign creditors we have cemented into their minds that the U.S. dollar and bond market cannot be safe repositories of their savings. The eventual and inevitable loss of that confidence will ensure nothing less than surging prices and a complete collapse of our economy.

Right again.   A recent article in the locally S.F. available El Reportero weekly newspaper indicated that the bond market in financial derivitives described being, 'credit default swaps', has collapsed and it's worth about 20 times the value of the all the Gross Domestic Products (GDP) for every last country in the entire world for a year.
       In due course, money men and market analysts are going to realize this crap will be ending permanently, NO.      Matter.     What.   At that time, the first paragraph of this post will become highly relevant.

--Lee

Here we have proof that over half of McDonalds fast food employees do not make enought money to support their families from one job at McDonalds.They have set up a website"McResource" to help their employees get food stamps and other assistence. http://fox13now.com/2013/10/23/mcdonalds-helps-workers-get-food-stamps/  How nice it is to tell future generations that jobs in fast food have no future except for dependence on government aid.For over half the people in that field simply cannot make enough money to raise a family!triffid

News of the McResources Line comes a week after a report found that more than half of fast food workers have to rely on public assistance programs since their wages aren't enough to support them.

The report estimated that this public aid carries a $7 billion price tag for taxpayers each year.
A separate report by the National  !important]Employment Law Project released on the same day showed that McDonald's alone was responsible for $3.8 billion of that $7 billion alone.

The recorded phone call supports what the reports found and also the claims of hundreds of fast food workers that their pay is too low, they don't get scheduled for enough hours and they get no benefits. Since last November, workers have organized protests around the country, including New York City, Los Angeles, Memphis and Detroit calling for a minimum wage of $15 an hour and the right to organize without retaliation.
Earlier this year, McDonald's came under fire for releasing a budget planning guide for its employees. The sample budget it provided didn't account for either food or gasoline, a big expense for low income workers. The budget also left room for an income from a second job, which many called an admission by the fast ]food giant that its workers can't live on wages from one job at McDonald's.

I have never worked in fast food but if I were a young person I would take the above post as a warning not to look at fast food as a good career.Managing might be different?But I don't know.Here in st.louis,"White Castle" has a union and pays above min wage.triffid

http://www.npr.org/2013/08/09/210253451/the-changing-story-of-teens-and-cars
More teens today are waiting longer to get their drivers liscense.triffid