If you grew up during the 1980s, more often than not you probably stopped by Toys R Us to buy the latest Atari video game, Transformer or G.I. Joe action figure. Toys R Us used to be one of the most successful retail chains in the U.S. Yesterday, Toys R Us was the latest store to sink into the abyss. On Friday, Toys R Us closed their last 800 stores yesterday after filing bankruptcy back in 2017. Toys R Us, along with other former retail giants like Sears, Kmart, and JC Penney were some of the first prominent victims of what many economists have called "the retail apocalypse". This apocalypse is a merely another harbinger of the economic decay that has been eating away at the fabric of American society since at least the 1970s. Many economists blame the closing of retail stores and shopping malls on the emergence of online retail powerhouses such as Amazon and E-bay. While there is a lot of truth to this notion, a lot of people fail to notice another factor that is contributing to the retail apocalypse: The commercial real estate collapse. During the manufactured economic crisis in 2008, residential real estate was the convenient scapegoat for the collapse of the stock market. What the talking heads in the MSM forgot to mention was that the commercial real estate bubble and eventual bursting would also wreak havoc on the economy for years to come. A lot of mid-tier and family owned small businesses could not handle the astronomical costs of leasing or purchasing of commercial buildings and office space. The majority of these small businesses eventually folded. The larger mainstream chains followed suit and began to rapidly close their stores in the late 2000s in order to stay solvent. Now in 2018, the economic chickens have come home to roost. The extinction of Toys R Us is just another reminder of how this so-called recovery is nothing more than a cover story to distract us from the upcoming dystopian nightmare that will soon devour America.
0 Comments
It's been an EXTREMELY LONG time since I posted a blog, I will make this one worth your while. Surely you've been observing the so-called "peace negotiations" between the U.S. and North Korea. Don't be fooled by the theatrics. It is nothing more than a Chinese Hollywood production. This is only for ENTERTAINMENT purposes only!!!! China sees North Korea as a valuable pawn that can cause major havoc on the chessboard if they're played correctly. If you've read my "Chinese Chess Moves" article, you already know how China operates when it comes to world domination. Meanwhile, while the American public gets deceived by the peace talks via the MSM, the Fed decided to raise interest rates another quarter point (second time this year). Because the hyperinflation monster is looming, the Fed and U.S. legislators have to find out ways to keep the economic prosperity illusion going for a long as they can. As you can see, crack are already starting to show. The Ring of Fire continues to live up to it's name after the latest volcanic eruption/explosion in Guatemala back on June 3rd. Hawaii continues to be affected by their volcanic activity as well. I'm sure geologists are working overtime to try to figure out what really going on beneath the Earth's crust. I know it's been a minute since I posted any new articles. However I can assure you that more articles are on the way. I've been extremely busy on my end and have barely been able to keep up with the events around the globe. Well ladies and gents, I have to roll. Stay safe and vigilant!
|
Archives
November 2022
|