Loko’s Domain You live and learn. At any rate, you live.

There is no easy way to say this, but given the recent events over the last several months, we are all looking at another depression very soon. There is no easy way to turn this around and it may not be possible for a very long time. The tech industry, one of the of many struggling industries, is staggering, trying not to collapse onto itself too fast and hard, but it’s happening. Corporate giants are trying to condense all of their manufacturing and corporate headquarters into a fraction of what they once were. Layoffs are also going by the thousands almost weekly.

Hewlett Packard lays off 24,600 and 5,000 employees are laid off from Microsoft while Intel closes four plants and lays off 6,000. This is chaos. History has repeated itself from one hundred years ago with attempts by DC to stimulate the economy with bandages called Stimulus Packages. Of course, these are only temporary, because bandages eventually wear out their use. A red hot injection of cash only beefs up the NYSE and the NASDAQ to the point that they will only open the next morning. The day after that is scary as hell.

In troubled times like this, it makes me wonder what generation has lived in this country that hasn’t experienced serious economic woes and several major financial crises. Every decade has had their terrifying moments when all was thought to be lost. They survived, though, but even going into this decade knowing our history, nothing could have prepared anyone for the second Great Depression we are facing head on right now. It’s here, it’s ugly as sin, and there is little anyone can do about it for several years.

The White House does not create jobs, nor can it print off money out of thin air without being charged the largest amount of interest known to man by the Federal Reserve System. The private bankers continue to grew richer while everyone else dies in a pile of soot. They don’t care about the country the own and they could care less that it’s unconstitutional and immoral to bankrupt this country, but why would they care? They are filthy rich.

In years to come, Obama will unveil plans for recovery. Sadly, no president can save the environment or save our financial welfare. I knew before that several keynote speeches he gave were the same political dribble every president spits out while on the topic of taxes and jobs. We can’t cut taxes, we can’t continue trickle-down economics, and we can’t afford a socialized health care, or want one for that matter. We can’t afford the taxes that we owe and we can’t afford tax cuts to ease the burden.

No country in the world has had their economy bounce back for longer than a week, it seems, after a cash bomb is dropped. It either seems to get worse or decays the economy at a faster pace. This cancer is spreading. Businesses everywhere are clamoring for rescue money. Even if they get their hands on the cash, how much longer can they operate? Massive layoffs, huge corporate cut backs, CEOs taking salary hits, and lost benefits. It’s a horrific thought to imagine over 400,000 people a month are losing their jobs since November.

The problem is argued that this generation does not have a Rockefeller or a J.P. Morgan to rely on to save Wall Street. The money is coming from DC and paid for in interest by our next generation. This is a vicious cycle and we are continuing to use a busted system that has never once proven to work in this country. It only gets worse and our dismal decline accelerates with every millions of dollars printed. Even if we manage to stand on our feet, can the massive amount of debt as a result of the Rescue Package be justified?

There is no use fighting it, we have to declare bankruptcy as a country because we will never be able to pay back the dozens of trillions of dollars owed. The debt that we owe to the Federal Reserve alone is goes beyond the realm of logic on how to begin to chip away at that enormous block. One can easily convert this debt data owed to a smaller portion to serve one average American. Doing so will reveal to a financial adviser that this person is beyond the term permanent debt with no escape except for faking their own death to avoid creditors.

The Tech Tracker continues to update the numbers proving that the events such as the first black president cannot stimulate the economy or Wallstreet to regain stability. The economy is unpredictable and cannot be repaired by normal methods. Though, we haven’t had a panic on Wall Street that could be considered a Black Day, but that day is soon. The stock market is like a school of fish and it can change direction in one simple motion.

The NASDAQ Under-$1 30 Day Bid Price Rule temporary suspension ended last Friday, the 16th, and the following Monday, NASDAQ started a fresh clock for all companies that close under $1 per share. There was a grace period from October 16th of 2008 until last week. Now the clock is ticking. One company that I know cut one day a week and has forced employees to work four days a week without a paid fifth day. Delphi has axed one week out of every month to cut back. Delisting seems to be inevitable no matter how many jobs, stores, and salaries are slashed. Circuit City is an example of that fact.

There is evidence to support that the Depression did not start with the stock market crash like many would believe, but for many other factors that would play into the economy. Ideally, failed banks, a stagnant real estate market, and extreme job loss is a good indicator that the good times are over and that we must watch out when we decide to walk around high rise office buildings. The outcome of a human being traveling at their terminal velocity of 120mph is usually messy.