Great Depression - part 2?

I love being right, and who wouldn't? But sometimes, once in a great while, you hope that maybe, this time, you could be wrong. What am I talking about? Our economy, our jobs, or what used to be our jobs! The lifestyle that everyone has enjoyed for so long that, we just expect it to be there tomorrow. Will it? I am saying, probably not, and I hope I could be wrong, but let's look at one piece of data.
Of course I will have a ton of people saying that, you can't see the whole picture with only one piece of data. Well let's put it out there. The data I will discuss comes from a blog at the Whitehouse (see it here http://www.whitehouse.gov/StrongMiddleClass ) Dated Aug 11th. It is a quick read and the information is eye opening. It brings a little more credence to my fictional series I am doing on youtube.
In the blog they discuss and have a little chart on the "Income going to the top 1% of families from 1913-2007". They call it "ominous data". We will assume that there are 238 million working families, according to the recent census data. The chart in the whitehouse blog shows that 23.5% of income is made by 2.38 million families which means that 76.5% of the rest is divided among those, who are lucky enough to still be working > 235.5 million families. That's 1% of income per 3.08 million families!! Of course a majority of these families receive far less.
The last time the numbers were this high for the top 1%, was in the year before the Great Depression. In contrast, the top 1% only received 9% of the total income in 1978. Most of you remember 1978? The song "Good Times" said it all. They were good times. Most of us did more than just merely surviving. We built homes and paid a decent price. Most everything was in our reach and we had VERY GOOD TIMES!!
But like the Great Depression, things may soon come crashing down. Oh yea, everybody has made a valiant effort at trying to divert or stall another depression, but will it work? I don't think so!! Many of us have seen the market slide up and down and recently I have only seen and felt, that the market has been artificially inflated. My explanation for this is simple. over the last ten years I have seen friends, relatives, and coworkers, lose hundreds of thousands of dollars in the market. They have now turned towards "safe investments". They are only getting a small return but it is guaranteed. The working class does not want to lose what little they have left.
And this is why so many of the "EXPERTS" have been wrong on so many levels. The media hype of years ago, no longer works on the minds of the people today. We all used to rely on what we heard on the news and read in the papers. Now people do their own research on the Internet and many base their decisions on the data they see, which is not good. The experts no longer have the credence they used to.

I have said a million times over, that people need to stand up for their rights. Unfortunately they feel that it is not their problem and they should not make waves. Most people choose to ignore what they know is wrong. We have become a passive society.
Well the numbers show a different story. Remember, these numbers I am talking about are not dollars. It is the percentage. You can't say that everything cost so little then and so much more now!!! If you go by the numbers, we are due to go into a depression.... and, apparently we need to go there. Perhaps it will wake everyone up!! That's right!! I said we need to go into a depression!
If you have a big hole that you can't see the bottom of, because it is filled with water, do you know how much dirt you need to bring in to fill it? Do you just start filling it in, hoping that the next load will fill it? Or do you do a thorough job and pump out the water and assess what needs to be done to ensure it is done correctly? I like a thorough job to be done. We have dumped money into just about everything, Failing companies, banks, even to people who bought homes they could never afford. It can't keep going. We can't see the bottom of the hole but we keep dumping money in there to fill it and there is only speculation as to how close to the top it is to being filled. This money comes from you and me, Oh yea, and CHINA!! If you look at this in terms of a corporation, then China owns a good chunk of the United States with the billions lent to us to stabilize our economy.

Let them fail. ALL OF THEM!! We don't have an endless supply of money and it will run out....SOON!
I have been cautious all of my life and if I had taken the plunge for a new house or new car, I would have lost it all and perhaps my family too!! But, as it stands now... if the whole economy collapsed tomorrow, my family and I would survive, and so would many poor to the lower middle class. Why? Because we have had to survive our own little independent depressions over the years. It isn't because we saved so much! It's because we can fix that piece of crap car so we can put off buying another. We do our own repairs on everything out of necessity. We hunt and fish for our food (in season) and we survive.
For those of you who "currently" are able to still live. Those of you who don't want to make "waves" or push for major changes and accountability! Be prepared to kiss it all goodbye. It happened before, remember the Great Depression? The money is going fast and I say GOOD!!!

What will happen? Well this world still needs all the things that are manufactured, and that will continue. I don't see the same multinational companies owning everything. They will lose too. But there will be the "mom & pop" shops that will step in and provide the goods and services. They do not have investors who push them one way or another that is not good for "their" company. Mom and Pop will only take from the business, what they need to survive and they will work to ensure they have the best people working for them and those people people will push mom and pop to prosper. In contrast, the large companies have only the upper echelon they care about (the 1% previously mentioned). Big money will only look out for big money.

So go ahead enjoy what little time you may have, if you are one of the top 1% or one of those, still not concerned! It will all go away and then it will be up to the rest of us to get us back to where we should be. And don't bring your greedy, fat butts around the "restofusville", since we will be busy trying to survive and not looking for a handout, because it won't be there for us to get. You won't see us crying because you lost 15 of your 20 cars or you have been reduced to only 2 vacation homes.
When you see us come running towards you, it will be because the foreclosure and bankruptcy proceedings just put your millions in properties and personal items on the auction block for a fraction of their value, and we will now scoop up what was yours.. :-)
Certainly one piece of data won't show the whole picture, but sometimes, that one piece of data means the whole world!!!