All we talk of at work is the factory shutting next year (or sooner.) Its to be expected of course but a bit wearing after a while. The funniest thing is the differing reactions amongst everyone. For some employees its sadness or bitterness and for some other employees elation. The HR manager summed it up as disbelief, denial, anger and then acceptance. I guess we are all at different stages of the process. For me, I think I am termed an institutionalised employee having never having had another job nor been to an interview etc. so time to join the real world from next year. Bit scary really! I really have to touch the void out there after clinging on with my fingertips to my comfort zone for so long. But you know I think the current economic climate out there is pretty inhospitable.
Someone summed up the current economic woe rather like a game of cards (Old Maid) whereby the last one holding any cards loses everything. Here are my pointers to a recession
1.Home Prices Keep Falling. Only ‘buy to let’ landlords are making money on all the misery. But they are only succeeding in rising the rents which the impacts on welfare payments and probably worst of all destroying neighbourhoods by allowing in unsuitable or uncaring tenants.
2. Small Businesses Can't Get Credit. Homebuyers can’t get credit. Nobody else wants it.
3. Unemployment has and will get worse (despite the hype most of the jobs created are worthless to the nations GDP)
4. Consumers Are Losing Faith and not buying due to uncertainty as petrol, utility and food prices continue to rise.
5. More People are on a pyramid selling scheme, sorry I mean Welfare Benefit. Soon it wont be sustainable…we are probably nearly at that point now.
6. The black market is increasing selling goods that are too highly taxed by the government2. Small Businesses Can't Get Credit. Homebuyers can’t get credit. Nobody else wants it.
3. Unemployment has and will get worse (despite the hype most of the jobs created are worthless to the nations GDP)
4. Consumers Are Losing Faith and not buying due to uncertainty as petrol, utility and food prices continue to rise.
5. More People are on a pyramid selling scheme, sorry I mean Welfare Benefit. Soon it wont be sustainable…we are probably nearly at that point now.
7. Cash businesses now dominate among the small businesses. It is now the business model of choice.
The Bottom Line
Somebody pass me a guide to surviving in a third world economy please.
Soon the opera lady will sing as bankers jump
We will descend into a moneyless anarchy
While the world will hold its breath and hope
That mans capitalist evolution may be halted
For after all the money within it is an illusion
Underpinned by exploitation of intangible desires