Thursday, February 17, 2011

You know things are bad in America...

When you see Americans filling jobs applications at McDonald!

I have been living in my current city for close to 5 years now and there was a time when you couldn't phantom of seeing  a " Native born American", regardless of his race, working at McDonald. Nowadays though, things seems to be changing rapidly as more and more " respectable" jobs are vanishing the horizon. A lot of Americans, mostly young teenagers, are taking those " burger flipper's" job. They might be forced to keep them for a very long time as the future is very far from bright!

Thanks to the destructive monetary policy of the US Federal Reserve and the slew of regulation that choke entrepreneurial expansions, more and more American companies prefer to expand oversee in emerging economies rather than deal with administrative shenanigans in the " States". Consequently, official unemployment in the US is at a record high while the unofficial numbers tell us that we are in the midst of a " Depression"!

Thank you Mr Ben Bernanke!

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