Tuesday, December 12, 2017

A SIGN OF THE TIMES: THE RETAIL BLOODBATH CONTINUES


The traditional American place the shop, the local mall, is quickly becoming a thing of the past. Online shopping, and discount giants such as Walmart, have made enormous progress in taking business from traditional brick-and-mortar retail outlets. This Christmas season is witnessing countless more retail chains filing for bankruptcy.

The conventional wisdom from industry insiders is to blame Internet sales and discount outlets; however, there may be a more serious problem than most realize. The US economy is in a giant inflation bubble that has affected every aspect of our lives: from shopping patterns, to the way we pay for medicine and higher education. Middle class wages have not kept pace with the rate of increase in the cost of living over the past 30 years. There is ample evidence that good paying jobs are difficult to find for most Americans. This is one major part of the reason people are beginning to shy away from expensive mall retailers in favor of discounters, the prices are simply too high for most consumers.

If we look at average rental costs in a mid-sized town such as Fredericksburg, Virginia, we can see how even successful mom and pop businesses are closing due to exorbitant rents. The owner of the former Blackstone Coffee shop in Eagle's Village confided to friends that the rent on his small location had risen to over $10,000 a month, at which point he closed that location. The business had been successful, it was very popular with consumers, and was always busy. However, we must consider how much the business would have to charge per cup of coffee just to keep up with the rising costs associated with running the business.

If one little coffee shop was facing rent of over $10,000 per month, it is difficult to imagine how much a giant sized mall anchor store such as Macy's is paying per month. Add in other rising prices, such as: insurance, utilities, labor costs, etc. and it becomes impossible for mall retailers to lower their prices in order to remain competitive with online retailers that are not burdened by the same costs.

Thursday, December 7, 2017

WHY DOES THE WORLD CONTINUE TO HONOR THE MANIAC SID VICIOUS?

A PICTURE OF SHAME

Why does anybody in their right mind continue to honor this drugged up maniac, that killed his girlfriend? He did nothing in his life but cause trouble for everybody around him.

What did he do in his life? Shot up a lot of dope, sang a few songs, killed his girlfriend, and died of an overdose at age 21.

What did he contribute to society? Zero.

How much did he cost society? Plenty. He was a burden to society. The police had to constantly chase him around: the murder charge, and charges of assault and other violent acts.

With hindsight being 20/20, he should be remembered with infamy, as being nothing more than a piece of filth.

Monday, November 27, 2017

INFLATION


There is an economic phenomenon called "inflation". 
This picture is the perfect representation of what happens when inflation is allowed to grow out of control over a period of several decades. The cost of living rises so high that people are unable to afford life's necessities.

Sunday, November 12, 2017

MORE PROOF OF THE US GOVERNMENT'S ECONOMIC INCOMPETENCE


Doug Casey hits the nail on the head with this one. 
We have received ample warning about the difficult times ahead, it should come as a surprise to no one when the US dollar goes over the cliff. The only thing we can do is to prepare for what lies ahead. Get out of the Stock Market, and get away from Wall Street. Mutual funds, annuities, IRAs, 401ks, and other paper assets will quickly become worthless, or will be seized by government order. Turn any financial assets into physical assets by purchasing gold, real estate, businesses, guns, or anything else you can physically touch. When the crises comes, the US government will be desperate for cash, bank accounts and other sorts of financial savings will be targeted for confiscation. Money will not be safe.

Trump can not doing anything, nor could Hillary or anyone else have done something if they'd won the election. This problem began decades ago, and no short term solution can stop the US dollar from getting abandoned by an international marketplace that's grown tired of Washington's incompetence. 


https://www.lewrockwell.com/2017/11/doug-casey/doug-casey-on-the-destruction-of-the-dollar/