Retail Apocalypse: Why Are Major Retail Chains All Over America Collapsing?
If the economy is improving, then why are many of the largest retail chains in America closing hundreds of stores? When I was growing up, Sears, J.C. Penney, Best Buy and RadioShack were all considered to be unstoppable retail powerhouses. But now it is being projected that all of them will close hundreds of stores before the end of 2013. Even Wal-Mart is running into problems. A recent internal Wal-Mart memo that was leaked to Bloomberg described February sales as a ‚Äútotal disaster‚ÄĚ. So why is this happening? Why are major retail chains all over America collapsing? Is the ‚Äúretail apocalypse‚ÄĚ upon us? Well, the truth is that this is just another sign that the U.S. economy is falling apart right in front of our eyes. Incomes are declining, taxes are going up, government dependence is at an all-time high, and according to the Bureau of Labor Statistics the percentage of the U.S. labor force...
Actually that just extended an exemption from state laws that was started in 1992. You should consider the parable of the talents. The ones who given the talents and made more did it through trading or taking a risk with their master's money. Our Lord did not call it gambling. Even the guy who hid the money was upbraided for not putting it at risk with the exchangers to gain interest.
according to what I'm reading, Congress gave Wall Street an exemption to anti-gaming laws to allow this new form of speculation to occur. (yr 2000)
would have traditionally been called betting or gaming, which in Christian vernacular is "gambling", and what happens when one gambles? they usually lose everything they started with. but in this case, it was other people's home loans. the market, then had a false increase in value, not based on usable worth of property but on the rise of speculation and the increase of buying, and selling off the temporary bubble.
things turned out just as one would expect in this kind of scenario.
the answer to this was QE, which looks to me printing trillions out of thin air on the public treasury to those who created the derivitive market.
now people are saing QE is over and many countries trying to downplay trade in dollar (world currency) to yuan. some say that US is paying 100 million in trade debt to China daily, the greatest trade deficit ever known to man.
basically, what we've got is the world currency status of the dollar. with such a great reputation, you think this will continue?
now look, the retail jobs. just tell the kids, there's a job for them at the end of the rainbow. better start using that land!
Creature flows well. I recommend you read it. At last read chapter ten, if you don't read anything else.
Put simply, wealth is anything that satisfies human desires, like food, water, shelter, entertainment, etc. Money is an item that may be exchanged for real wealth. The traits of specie make it ideal to serve as money. The dollar today is just paper with pretty green ink on it. The trouble is that the pretty green paper only comes into existence when borrowed.
Kyle wrote: I've read most of Secrets of the Federal Reserve. I have also read Secrets of the Temple in it's entirety. Yes, Griffin quotes a lot of these sources. Wouldn't that have to be your 7.425 grains (2 cents)?
I guess it would be...well said. I had the Secrets of the Temple on my shelf for a long time but could never bring myself to read it because of who the publisher was. I don't think I've read The Creature From Jekyll Island but I've seen so many documentaries with G. Edward Griffin I feel like I've read his book. Regardless, pretty riveting topic and central to understanding how the world operates is answering the simple question, "What is a dollar?".
True Wealth... Genesis 13:2 - And Abram was very rich in cattle, in silver, and in gold.
Kyle wrote: I would start with The Creature From Jekyll Island by Ed Griffin. From there, I would read Modern Money Mechanics published by the Federal Reserve.
Just my 371.25 grains here but... Before G. Edward Griffin there was Eustace Mullins and the Secrets of the Federal Reserve. Pretty much all works that have come since on this topic, have merely jumped on the shoulders of the one who did all the heavy lifting.
jpw wrote: US -- am I reading this article right?.... basically...can you explain this to me in a way that will make sense?
Thanks for your response. To answer your question, actually no I cannot. The reason being is that is not what the article said. "Awaiting the conclusions of the Financial Crisis Inquiry Commission and other careful studies would empower Congress to make informed decisions rather than simply throwing a regulatory blanket over anything called a derivative. Congress and the CFTC cannot design a useful ‚Äúbuilding code‚ÄĚ until they understand the role, if any, that derivatives played in the crisis." Basically the article is saying that derivatives have not proven to be the culprit they are made out to be and that there is already sufficient regulation in place. It did explain what a derivative is and how it is used. I thought the writer made an excellent case to stop the upcoming regulatory boondoggle being proposed in congress and pushed by the administration.
the problem with trading a man's debt on his loan to foreigners unbenownst to him is that the gov didn't regulate this fair practice well enough? if only good home loans were traded as commodities on the market unbenowst to the borrower, then this would have turned out well?
can you explain this to me in a way that will make sense?
an owner takes care of his grape fields well and is very successful.
he then leaves his fields to a hired hand for a hundred years, telling him that during that time he will not come back to check on the fields...
the owner's ancestors come back and find the fields ransacked.
this is the story of america.
the derivitive market needs to be understood, so does the money system, the FED, who they are and how they came about, and how Greenspan would say basically that he answered to no one. Jekyll Island is a good place to start.
our home loan debt was traded as commodities on a market. who actually owns the loans on the foreclosed homes?
where have the trillions gone? Even Congressmen have not been allowed to know. who will step up and ask for repayment? who are our "owners"?
The news item asks: "If the economy is improving, then why are many of the largest retail chains in America closing hundreds of stores?"
The answers may be in the question. Is the economy improving? Wouldn't an improving economy lessen the crisis need in Washington, thereby reducing their need to "fix" it? How to never let a crisis go to waste, if the crisis is ended?
jpw wrote: US -- who created the derivitive market on housing loans? are you not a missionary, Christian?
Yes, thanks for your response. I guess we will disagree on where to place the majority of the blame. I see it as mainly a government regulatory problem. Yes, we are all missionaries in all places we go, but I don't have the ability or the finances to go to all the world myself, but giving to missions allows me to help send the gospel to the four corners of the world. It seemed like you were making a statement against sending missionaries over there when there is so much over here that needs to be reached. If I misunderstood what you saying, my apologies. I agree we have a vast mission field right here in our own country.