
American Job seekers wait in a queue, their resumes in hand!

A woman in France collects food from the garbage!
Friends, these sobering photographs from Reuters may well be connected. As the world’s economic and financial problems drag on and the ranks of the unemployed swell even further, the number of people foraging in garbage bins will inevitably increase.
The trend is for firms and corporations to fire workers in a recession because no one is buying their products and services so their income and profit stream diminish to a trickle. In turn, this means that less and less people can afford to buy anything and it also means that Governments have less tax money to spend on welfare support payments and the other financial demands that they face.
This progression can have only one outcome and it’s shown in the bottom photograph. Of course, the path the world was on, the craziness of stimulating excessive demand (greed) for good and services by extending credit to all and sundry whether they could pay it back or not, could have only one outcome as well. The bubble has burst and now the world is trying to pick up the pieces and put them back together.









