The Greater Depression is HERE. The time to prepare for coming dark days is over. The time to protect your family and wealth is NOW. Fortunately, there is still time.
Banks are failing at rates even higher than last year. Despite the assurances from the White House that the economy and employment are growing, UNEMPLOYMENT is already at a level unseen in the U.S. since the Great Depression, and the situation is getting worse.
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Fuel Cost Hikes Mean Job Losses
As a followup to yesterday’s post about America’s desperate need for a revitalized passenger rail system, comes this article at Bloomberg.com today:United Air Parent UAL Posts Wider Loss on Fuel Costs.
United became the fourth major carrier to announce this month that it was deepening its plans to cut capacity. Each $1 increase in a barrel of oil raises annual costs by $60 million at United, the world’s second-biggest airline.
This is a serious problem, since fuel prices are nowhere near the top, and these difficulties will continue for a long time.