03 Nov “With the swiftness of a lightning strike”
Do you have a job loss survival plan mapped out? The reality in Corpo America is that you can be employed one day, thinking all is well, and be tossed out the door the next.
Charles Schwab Corp. pulled the trigger Monday on what is likely the first round of significant layoffs, with a clear indication the cuts will be deeper and higher up the chain than expected, according to several sources.
One person, quoting “reliable sources,” posted on social media that about 2,000 people were laid off today in the only round of cuts likely this year. Schwab lists 35,900 employees on its AboutSchwab website.
-RiaBiz, Ibid. emphasis mine
Yeah. Does this sound like churnin’ and burnin’, the GOAT of all job markets to you?
This is the tip of the iceberg. My friends, in my opinion, it is the tip of the iceberg. You will see mergers and acquisitions, you will see companies going out of business, you will see companies that fold to the point where nobody’s left, the entire company closes, and anybody left working for them gets a pink slip immediately. This is coming. I turn yet again to Jed Hill’s speech in Malice: “This is the here and the now.” I wish it wasn’t, believe me.
-“Saturday Broadcast 38” published on March 4, 2023. https://www.buzzsprout.com/1125110/12337394
These fat cats and CEOs count on your ignorance. They count on you playing on TikTok and worrying about who’s dating who in Hollywood and blah blah blah. So then it’s easier for them. Like taking candy from a baby.
One of the best things you can do for yourself, IMO, is to think about how to take care of yourself and your family. If you’re counting on Wall Street, The Fed, Corpo America, and/or the state to do that for you – if you think these entities have your best interest at heart and will look out for you – you’re gonna get unmercifully steamrolled. Experiencing some discomfort to prepare for a job loss or working extra hours to put a bit of money back is a lower amount of pain than the screwing the fat cats would like to give you:
“Hyper-Elites Are Desperate For a Recession Because They Want to Buy Your Assets for Cheap
Recessions are part of the business plan for the great reset to serfdom”
It’s to the benefit of the hyper-elites if you keep your head up your backside and mindlessly surf social media. When you get steamrolled, they snatch up your assets on the cheap cheap.
This also makes me think of the power brokers planning to screw you on a Friday night:
“We’ve done a lot about transparency in terms of resolution planning. It’s all out there on the website. What we want to think about and what we’re starting to work on now is how to improve transparency about our execution plans for Title II resolution. We’ve been working on these for 10 years now, and we should probably be starting to say more things publicly . . . and we’ve been thinking about this across, you know, many dimensions. First, we look at who we need to be transparent for, we think about what message these stakeholders need to hear, and it might not all be the same, and then we think about when we need to be transparent. FDIC should just lay it all out there, say what you’re going to do every step along the way, and that pre-commitment will help improve confidence. But we also need to be mindful of the need for FDIC to have operational flexibility to adjust to the specific facts and circumstances on the ground, so that, if and when we do have to have that announcement on Friday night, ideally Friday night . . .” -Susan Baker, FDIC (http://fdic.windrosemedia.com/index.php?category=Systemic+Resolution+Advisory+Committee)
Sadly, this is another example of: the information is out there if you care to look for it. Most people don’t. (And they count on that ignorance, quite frankly.) This is the same FDIC meeting where fat cats talked about people getting their news from tweets and not having the patience to understand how finance works. 😣
Wake up. Stay aware. Take care of yourself.