Posted on 08/16/2015 9:53:41 PM PDT by Jack Hydrazine
Gregory Mannarino-Extreme Debt Will Cause a Global Meltdown and China’s Currency Devaluation
https://www.youtube.com/watch?v=M-eC7kFUrPc
China’s currency devaluation and recent problems are a huge flashing warning sign says financial writer and trader Gregory Mannarino. He contends, “China is in big trouble, and they are broadcasting to the world that they are in big trouble. They have taken over their stock market. They are not allowing certain trades to take place. They are not allowing shareholders to have more than a 5% stake in a company to sell it, and they are forcing brokerages to buy stock. That’s incredible. So, they are broadcasting that they are in a lot of trouble. This is a global problem, and it’s not just limited to Greece or Puerto Rico. This is a global problem and it is going to be a global meltdown, the likes of which people cannot even fathom.”
Read More: http://usawatchdog.com/debt-problem-will-swallow-the-earth-gregory-mannarino/
And there are no taxes online.
93 million Americans aren’t working. The unemployment numbers are a total sham as those not ‘looking for work’ or ‘disabled’ aren’t counted.
It’s about a third of working age Americans not working.
Malls,as you pointed out, have become places for ‘youths’ to assemble and hang out.
The strip mall: You go in, shop, leave. Malls are becoming thug central. Sad really.
While hunting through retail sector stocks, I found Big Lots looking better than most of the rest, which came as a surprise. Lately the big touting is for Amazon and how its first quarterly profit in years (or is it ever?) shows that its going to destroy Walmart. ;’)
Nordstroms realeased great results for last quarter, but it’s looking like they are a rare exception.
Malls have been dying a slow death for decades.
Why should Big Lots be a surprise with this economy? Don’t you know which demographic they cater to?
Those with hardly any money. And THAT demographic is growing by leaps and bounds!
I haven’t shopped in or bought anything in malls for years, except the occasional book but only because they moved the bookstores into malls. They have outside entrances so you don’t have to actually go into the mall to enter the bookstore, otherwise I would never go there. I have always found them creepy but they went far beyond that in recent years.
There is nothing there I really want or need and I’m not a ‘browser’ type shopper anyway.
This is more about retail collapsing in favor of online shopping. Retail is collapsing in most sectors and in many countries. Not just the US.
I’m a buyer, not a shopper. Never liked malls. Why should I pay for their exorbitant rent. I used to shop in stand alone stores and strip malls. Now I shop online....amazon, and specialty sites. Cheaper and way less aggravating. Even reloading components. When I do go to stores it’s clubs like Costco and home centers like Home Depot (I do frequent my local hardware store for small hardware etc and even some power tools as he takes care of me personally and fixes what he sells and I like to BS with the guys there)
They built too many between 1981 and 2000. Since 2000 several have closed. Some because the location got worse and others because there just wasn’t enough shoppers and some place else took away shoppers. Also a lot of stores in the malls either left or ended or were closed. So that hurt the concept. Malls got a bad wrap with the violence it brought as well.
Long sentence. I see a couple problems that I see as liberal symptoms.
young people unable to buy a home – saddled with $1 trillion of student loan debt
People who can't afford a student loan have only themselves to blame for being saddled with the debt. If you can't afford it, don't go to college. Stay out of debt.
Boomers who never saved for their retirement
Sadly, in most cases that is their own fault, not anyone else's fault. No one stays young forever, and the future will screw you if you don't prepare for getting old.
real unemployment north of 15%, a massive level of under-employment
In the old days people were happy to have any kind of work. That's just the way it was. Young people now lust for the fancy jobs that mostly didn't exist in old days. And a lot of them want to receive handouts and not have to work at just any job.
What remains of your sentence is:
With real median household income at 1989 levels, middle aged parents struggling to take care of their aging parents and struggling children, the mood of the country is decidedly dark and getting darker by the day.
Parents should take care of their aging seniors and help struggling children. Again, that's just the way it should be. However, it is a challenging financial burden that wasn't as severe in the past as it is now.
So what this comes down to, is that household income is shrinking relative to costs. This is the sole issue that is angering the public against a government that makes a bad situation worse in each additional year. Rebellion is justified.
Um, whut ? Amazon kindly collects the almost 10% sales tax in my state, which sent my purchases from them to almost zero.
Meanwhile Goodwill is building and opening stores like crazy. Hard to compete with a COGS near zero.
>> The unemployment numbers are a total sham
Yup.
Malls were going out of favor no matter how the economy was going.
I sold about $50,000 worth in vacations today.
What does that tell you about the economy?
The Economic Recovery Is Complete & Utter Fraud
Well DUH...
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