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Well>>>It happened!!!!

First time in 21 years......We laid off people today and re-negotiated pay on our top performers. THIS JUST KILLS ME.......

This has shaken our company to the bone.....we have never had to do anything like this......the employees that we had to cut pay on were just thankful they were keeping their job. I thought for sure we would have a full mutiny, but it was 100% the opposite.......we are restructuring for survival.

Just giving you a heads up on how bad it is getting....

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Sorry to hear of your situation.

But as a small businessman I haven't worked in my industry since November 2007 and for me there is no unemployment. I've had to take a 60% pay cut just to find work. My reality started 1 1/2 years after 911 when the house market stared its downward trend. The sad truth of the matter is that it is worse than I think. In 1999 I took a big pay cut in order to movie to a beautiful part of Michigan. At that time for my hourly wage of $12.50 an hour I was able to buy Junk Silver at $4.20 frns for 1 face dollar. Basically meaning that I was getting 3 silver dollars an hour. As my business grew for 4 years I was up to $25 frns an hour. As of November 2007 I was receiving $1.75 in silver face value for my $25 frns an hour. If I had been working in my industry in March when it spiked over $20.75 frns I would have received $1.20 in silver face value for my $25 frns an hour. From $3.00 silver in face value to $1.20 silver in face value.

Now in 1959 Gasoline was selling for $0.20 a gallon, two silver dimes. If you track the price of those two silver dimes with the prices of gasoline you'll see that two silver dimes have been able to buy 1 gallon of gasoline since 1959 to present, plus or minus 1 or 2 cents in silver, face value. Basically $0.18 to $0.22 in silver. Following the lead and lag of the market.

Thus the Great fraud of the Federal Reserve Banking system and its Federal Reserve Notes (frns).

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You're all bankrupt corporate trusts under the S.S.N. and because the bankrupt government created corporations they, the banksters(receivers) have the RIGHT to control you. Go back to your private Christian names or natural names, if you will, and live in the REPUBLIC.

JonQ.Publik

Live Free or Die, because if you're not FREE you're dead already!

JonQ.Publik

Resistance is not futile, what's futile is non-resistance.

Live Free or Die! Because if you are not free you’re dead already!

My friend called me

She's been working at a high end salon for the past couple of years, told me they called her as she was heading in to work and told her they couldn't afford her anymore. Promised to give her great ratings when she starts interviewing for another job. Things are getting bad.

* * * * * * * * * * * * * * * * * * * * * * * * *

Craigslist and Garage Sales: Use them to save money!

Just a suggestion: To save money, my oldest child needed clothes because he was a 3T and now needs 4Ts. Went on craigslist with my specific needs and found people who needed to sell things because they need the money. I got a tall kitchen garbage bag FULL of NICE 4T-5T clothes for $20 plus 2 pair of shoes for my son. The retail value I'm sure would have been about $200. If you need clothes, household items, tools, furniture, electronics use Craigslist for your city and find GARAGE SALES posted on Craigslist so you know where they are and what they are selling. If they are in nice areas, usually the items are well taken care of. Not all garage sales should take place because some people do sell JUNK, but not all. Select your areas carefully. Sometimes on Craigslist, they show pictures of the items too. Don't waste your money going to the mall or where ever. Not to mention, No Tax. There is nothing wrong with second hand clothes, toys, furniture, etc..A valuable lesson that I'm trying to teach my kids and one I learned for myself real fast.
Also some people are willing to barter, so cash exchange, but all needs are met. Or barter your services and talents for the goods you need.

"Every generation needs a new r3VOLution"- Thomas Jefferson

One thing I learned about Goodwill...

... go to the ones near the "good" neighborhoods. You'll get better quality clothing.

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"The main thing that I learned about conspiracy theory is that conspiracy theorists actually believe in a conspiracy because that is more comforting. The truth of the world is that it is chaotic..." —Alan Moore

Exactly! And yes goodwill

Exactly! And yes goodwill and consignment shops are good and the salvation army stores if they are in the right place! And believe NO ONE will turn their nose saying "eww you shop where?" They will be asking for directions, especially when they see what you purchased for your money. Even rich people shop at these places.That's why they are rich :)They don't waste their money.

"Every generation needs a new r3VOLution"- Thomas Jefferson

Well, if

"Only a virtuous people are capable of freedom. As nations become corrupt and vicious, they have more need of masters." Benjamin Franklin
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I remember your posts correctly, at least, you sold your silver at something like $21/oz, right?

government of the people, by the people, for the people
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Think of things people will want leading into a depression

and make/market those. I've begun making extra-rugged hand carts in my spare time but those will go on hold while I test-market an item for gun owners.

Wood stoves, chimneys, chimney service and repair, chainsaws, wood-splitting tools, bullet-proofing, barrier fencing, emergency lights, entry locks and padlocks, solar-powered security systems, auto salvage, farming, gunsmithing, these are a few things that may heat up in a looming depression. Maybe you can add some more ideas.

New Hampshire and Ecuador.

I'm a metalsmith

and will be producing small weight coins out of scrap sterling silver (92.5%) and 18kt gold for barter beginning early next year.

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"the only thing that keeps the banking system from failing is general ignorance about how the banking system works."
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Feelin' the crunch

We've been waiting for our big client [read: only client] to make good on payments owed for May through September. Now after all this waiting, it appears we aren't going to see a penny more from this client (who allegedly had not received payment from his client). It's been difficult enough holding on all this time, but now, knowing that nothing more is coming...hoo, boy. Though my husband's line of work has been rather lucrative in the past, business has fallen a great deal, and now has dropped right off a cliff with nary a client in sight. Now, I'm listing things on ebay in order to buy groceries.

And the day after I realized no promised check was forthcoming...my computer died (borrowing one now). Naturally, computer repair is not at the top of my financial to-do list.

The writing has been on the wall for some time, so I'm mentally and somewhat physically prepared, but it looks like we're going to be making a sudden and quite drastic residential change very, very soon (say, within "30 days"), if you know what I mean.

I am very grateful to DP, as my education here certainly helped to get me prepared for this and other types of eventualities. I may be bidding farewell to a nice home and lovely possessions, but, I've got many (though not all) of the necessities we've so often spoken of here; I've talked with my kids in the past about possible changes, so they aren't taken totally by surprise; and keeping the Big Picture in mind makes it easier to part with things that are, let's face it -- just things, after all. I feel mostly prepared, and certainly blessed.

Oh! And Victory Garden 2.0 is sprouting!! Success in the garden at last! Good thing I planted in (portable, movable, relocatable) pots instead of in the ground!

Best wishes and warm encouragement to all who are facing their own economic downturns. Keep breathing -- we will get through this.

Fanofwalt I just wanted to say,

from one mom to another, that as long as you have your family and your health you will overcome anything. I understand because we are also on the brink but it is all good, as long as my family is together. No one can take that away from me. And yes, we all will get through this.

"For with God nothing shall be impossible"

"Injustice anywhere is a threat to justice everywhere" MLK

So far

my largest account is over 60 days out on payment, I am $150000 into this job and they just added more work. But the problem is I am about broke. I will have to start saying affirmations to get the $ rolling

You should get a meeting

You should get a meeting with your account to negotiate terms for early payment. You could offer a 2.5% to 5% discount for early payment (don't offer too much of a discount up front). If that doesn't work, you should say you will need some up front cash to continue, if their 60 days past due (?) is an undue burden for you.

If it turns out they haven't got any money, it's better to find out immediately so you can cut your losses and move on, or sue.

..................
"The main thing that I learned about conspiracy theory is that conspiracy theorists actually believe in a conspiracy because that is more comforting. The truth of the world is that it is chaotic..." —Alan Moore

Take, I have owned my own

Take,
I have owned my own business for 20 years now.. this is the first time I will be having to lay off 4 people.. I am in the same boat you are! I have never had an employee collect unemployement on me in 20 years! for the first time in 20 years I am wondering where my next job is coming from!
everything I have been preaching on here for a year now is happening. We are headed into a depression .. there is no doubt.. with all this stimulus the fed and government are putting into the system it is surly going turn into an inflationary depression just like Ron Paul has said! I can see it!

3 years ago I had 30 employees. now I am down to 5!

"When governments fear the people there is liberty. When the people fear the government there is tyranny."
-Thomas Jefferson

I am more concerned about the return of my money than the return on my money. --Mark Twain

Sierra...

If you don't mind me asking, what line of business are you in .... just generally speaking ......

no I don't mind... I work

no I don't mind... I work for home builders .. but now i'm doing more redoes with already built houses but those are falling off too!

"When governments fear the people there is liberty. When the people fear the government there is tyranny."
-Thomas Jefferson

I am more concerned about the return of my money than the return on my money. --Mark Twain

You might want to get into

You might want to get into the repo business. I hear it's picking up.

..................
"The main thing that I learned about conspiracy theory is that conspiracy theorists actually believe in a conspiracy because that is more comforting. The truth of the world is that it is chaotic..." —Alan Moore

My husband lost his job today..................

I am in a state of "shock" right now. He has worked there for over 7 years. 3 years ago he got promoted and they moved us to SC. I do contract work as an accountant and have not worked in 5 wks. I am honestly in shock! We have a 30 yr. fixed rate mortgage with Countrywide. I don't know why I'm telling Y'all this except that I hope to find some comfort here. I am trying to stay composed so that I do not freak him out but I am very scared. Please pray for us.

Your "conscience" is the measure of the honesty of your selfishness. ~Author Unknown

~Your perception becomes your reality~

Bummed out here too....

My stepfather let me go about 5 weeks ago. I have worked for him for 14 years. I have applied and interviewed for a bunch of jobs but still haven't found anything. At the interviews there are piles of applications. I am pretty concerned---and getting closer to frightened as time goes by. I have a mortgage and 4 children....things just keep getting more and more expensive. Self-worth is hurting these days when I can't even be a cashier --"over-qualified" they say. Hang in there with me. At least we have each other.

to a person chained in a cave, the shadows on the wall are reality

I know exactly how you

I know exactly how you feel!

"When governments fear the people there is liberty. When the people fear the government there is tyranny."
-Thomas Jefferson

I am more concerned about the return of my money than the return on my money. --Mark Twain

hang in there...

tighten your belts and remember, hope can never be lost...it can only be forgotten. you will pull through this. and you have friends here.

" the important thing is to never stop questioning, curiousity, has it's own reason for existing..
Albert Einstien

Thanks for sharing!

It's really very frightening how vulnerable we all are, unless we own our homes outright. I'm in a one person family, so if I lose my job, there's no backup! We'll be thinking of you. I don't believe where I'm at in rural NE is hurting too much yet ... people are oblivious. But wages are low ... so most of the jobs don't pay much. The state has been advertising their job fairs, etc. Aurora loans just announced they are hiring 40 people ... they are the mortgage paper processing company owned by Lehman but not included in the bankruptcy. But within a few weeks/months, it'll be here, too.

i buy grain from aurora.

live in cb.

http://emergency-food-storage-supply.com/index.html

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if you build it he will come..........Ron Paul 2012.
digg http://digg.com/autos/First_Genuine_Chevy_Volt_to_be_Complet...

h1chman

Just checked your website ..... great! I may be looking you up.

oh, not my web site.

ive just bought from them before.

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if you build it he will come..........Ron Paul 2012.
digg http://digg.com/autos/First_Genuine_Chevy_Volt_to_be_Complet...

Well a little update

We were very busy today.....I guess we are in a market that is not affected immediately by a stock market crash.......we were swamped. Even though we laid off people today....and lowered salaries of our employees.....we did good.....I will take it one day at a time........overall....we are down 35%...which has never happened in 21 years...

Peace

Thx for the update

Every little bit helps. I work in the schools ... so found it extremely interesting that Dallas is laying off teachers!! I do think states and cities will be very strapped and laying off ... wonder how far THAT will go before the Feds bail them out too?? Socialism, we're here.

Layoffs

Tomorrow was to be my final day, however I found out late this afternoon that I will be kept on for a couple more weeks. We've seen this (economy) coming for quite some time (years) so have had time to prepare for it. It pays to be aware and plan ahead.

Awesome

Good Job!!!

Silver Manipulation

Ever since I've been watching silver (and gold) they've been manipulated manipulated manipulated. If the powers that be can manipulate it NOW, who's to say they can't manipulate it forever? I'm becoming a believer in what a poster said a few weeks ago ... silver should never be bought for investment, it should be bought for an insurance policy. Someday (soon, who knows?) it may be what brings us through a tough time. But that's what it should be kept for, an insurance policy. Hopefully some day we can leave it to our heirs without ever having to use it. Silver should never be traded for FRN's. OK, I'm open to discussion ... but all the manipulation has really turned me off for metals, except as insurance.

READ MY POST

2 or 3 BELOW.....you can make a fortune in Metals ETF's..