I know this is off topic for my blog, but I thought I would bring this news to your attention.
Sometimes I write on this blog that we are heading into a depression (if we are already not in one). From foreclosures to unemployment, Main Street is getting hit from all economic angles and this story is further proof of my theory.
I am seeing more and more stories about old men robbing banks. I know this may sound weird, but this trend is increasing big time and I attribute these bank robberies to the economy. This is a disturbing new trend.
LA Times:
For the second time in three days, a San Diego bank has been hit by a robber in his 70s. The cases are not related, officials said.
A short, heavyset man using a cane and dressed in a red Hawaiian shirt presented a demand note to a manager this morning at the Bank of America branch in the City Heights neighborhood. The robber threatened to detonate a bomb in a briefcase unless he received the money.
When the manager left, allegedly to get money, the robber walked out, leaving the briefcase in the bank.
“Depression,” relative proportion, 30 Million Americans out of work, spiraling deficits, bank bailouts, hundred of thousands of foreclosures and many more coming and now we shall start to see the societal impact as well as strain on our court and penal system.
I am neither an economic analyst nor do I care to be an alarmist but when are we going to face the facts that the good old days are gone at least for some time?
There will always be pockets that thrive in any situation; however, this financial situation is global and much more dispersed due to technological evolution.
Compare the impact around the world to what has happened in the depression and I believe you will find the concentration of relative proportion. Let’s not be all doom and gloom, there remains much positive elements that we can build on. For starters, let’s keep our elders out of prison. It hurts when we see them bagging groceries at the market when they should be enjoying their golden years. Golden years… remember those? Something many of us may have been looking forward to. Robbing banks should not be a method of obtaining 3 squares a day and at least a bed to lay your head in.
For some it may be better than $6.50 per hour at the local Wal-Mart while your bank is evicting you and is dishing out billions in bonuses so their executives so they can live it up in foreclosed mansions.
Simply put! Age discrimination in the labor market ie; hire em young burn em out with impossible workloads and go on to the next mass of young needy fools! Never hire older folks!It’s a no-no! Government,Wall street,corporate america,have all sold out on the american people.We are a shop keeper for other countries.Sad as it is, one day if we continue with the current trend, there may be a bright spot! We will become the newest economically buregeoning, exponentially and emerging third world nation