02-02-2009, 11:34 PM
The Coming Depression
Monday, Feb 2, 2009
Pushed past their breaking points, people are robbing banks to pay the rent, setting homes on fire ââ¬â even taking their own lives.
The body count is still rising. For months on end, marked by bankruptcies, foreclosures, evictions, and layoffs, the economic meltdown has taken a heavy toll on Americans. In response, a range of extreme acts including suicide, self-inflicted injury, murder, and arson have hit the local news. By October 2008, an analysis Here of press reports nationwide indicated that an epidemic of tragedies spurred by the financial crisis had already spread from Pasadena, California, to Taunton, Massachusetts, from Roseville, Minnesota, to Ocala, Florida.
In the three months since, the pain has been migrating upwards. A growing number of the worldââ¬â¢s rich have garnered headlines for high profile, financially-motivated suicides. Take the New Zealand-born ââ¬Åmillionaire financierââ¬Â who leapt in front of an express train in Great Britain or the ââ¬ÅGerman tycoonââ¬Â who did much the same in his homeland. These have, with increasing regularity, hit front pages around the world. An example would be New York-based money manager René-Thierry Magnon de la Villehuchet, who slashed his wrists after he ââ¬Ålost more than $1 billion of client money, including much, if not all, of his own familyââ¬â¢s fortune.ââ¬Â In the end, he was yet another victim of financial swindler Bernard Madoffââ¬â¢s $50 billion Ponzi scheme.
WISN-TV uncovered a host of similar tragedies including:
* A 21-year-old Milwaukee man who shot himself in the face after ââ¬Åhe ran out of unemployment [insurance].ââ¬Â
* A 43-year-old West Allis man who hanged himself in his basement with a belt. ââ¬Å[T]he mortgage payments are behind,ââ¬Â his girlfriend told the police. ââ¬ÅThere are astronomical medical bills.ââ¬Â
* A 40-year-old Milwaukee woman who overdosed after having ââ¬Åfinancial problems.ââ¬Â
* A 24-year-old Milwaukee man, ââ¬Åfired from his job three weeks before,ââ¬Â who suffocated himself with Saran Wrap.
* And a 38-year-old Milwaukee man who shot himself in the head. Heââ¬â¢d lost his job six weeks earlier.
http://www.prisonplanet.com/people-robbi...ssion.html
Monday, Feb 2, 2009
Pushed past their breaking points, people are robbing banks to pay the rent, setting homes on fire ââ¬â even taking their own lives.
The body count is still rising. For months on end, marked by bankruptcies, foreclosures, evictions, and layoffs, the economic meltdown has taken a heavy toll on Americans. In response, a range of extreme acts including suicide, self-inflicted injury, murder, and arson have hit the local news. By October 2008, an analysis Here of press reports nationwide indicated that an epidemic of tragedies spurred by the financial crisis had already spread from Pasadena, California, to Taunton, Massachusetts, from Roseville, Minnesota, to Ocala, Florida.
In the three months since, the pain has been migrating upwards. A growing number of the worldââ¬â¢s rich have garnered headlines for high profile, financially-motivated suicides. Take the New Zealand-born ââ¬Åmillionaire financierââ¬Â who leapt in front of an express train in Great Britain or the ââ¬ÅGerman tycoonââ¬Â who did much the same in his homeland. These have, with increasing regularity, hit front pages around the world. An example would be New York-based money manager René-Thierry Magnon de la Villehuchet, who slashed his wrists after he ââ¬Ålost more than $1 billion of client money, including much, if not all, of his own familyââ¬â¢s fortune.ââ¬Â In the end, he was yet another victim of financial swindler Bernard Madoffââ¬â¢s $50 billion Ponzi scheme.
WISN-TV uncovered a host of similar tragedies including:
* A 21-year-old Milwaukee man who shot himself in the face after ââ¬Åhe ran out of unemployment [insurance].ââ¬Â
* A 43-year-old West Allis man who hanged himself in his basement with a belt. ââ¬Å[T]he mortgage payments are behind,ââ¬Â his girlfriend told the police. ââ¬ÅThere are astronomical medical bills.ââ¬Â
* A 40-year-old Milwaukee woman who overdosed after having ââ¬Åfinancial problems.ââ¬Â
* A 24-year-old Milwaukee man, ââ¬Åfired from his job three weeks before,ââ¬Â who suffocated himself with Saran Wrap.
* And a 38-year-old Milwaukee man who shot himself in the head. Heââ¬â¢d lost his job six weeks earlier.
http://www.prisonplanet.com/people-robbi...ssion.html