We Are in Unchartered Financial Waters! every day we encounter challenges that have become the new standard. Although we previously perceived it as a crisis, we now acknowledge it as the new normal and must adapt accordingly. Given the current economic difficulties that the country is experiencing in 2024, how can we enhance our earnings during this period of adjustment? I cannot let my $680,000 savings vanish after putting in so much effort to accumulate them.
Keeping some gold is usually a wise decision. You would be better off keeping away from equities for a bit or, even better, seeking advice from an expert given the current market conditions and everything that is at risk with the current economy.
You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a CFA, even though I was skeptical at first, and I beat the market by more than 9%. I thought it was a fluke until it happened two years in a row, and so I’ve been sticking to investing via an analyst
My CFA ’Melissa Terri Swayne’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
Thank you for saving me hours of back and forth investigation into the markets. I simply copied and pasted her full name into my browser, and her website came up first in search results. She looks flawless.
I feel ya, man, its so very depressing and theres nothing but more failure on the horizon. I have no fking clue how the young-uns are gonna survive since all they want is to play games on computers until they become rich rappers somehow.
For boomers and senior citizens, the current market and economy are unnecessarily harder. I'm used to simply purchasing and holding assets, which doesn't seem applicable to the current volatile market, and inflation is catching up with my portfolio. My biggest concern is whether I'll survive after retirement.
Yes, gold is a great investment and a good bet against the devaluating dollar, been holding some for awhile now, I’m grateful my adviser’s moment by moment changes in the market are lightening quick, cos who know how much losses I would’ve had by now.
‘’Aileen Gertrude Tippy’’ is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.
@@improvisedsurvival5967 The trick is you don't go after the rich people. The rich people have the legal means to make collecting their real taxes a pain in the ass. However, you could shake a few bucks out of millions of people and get the same amount without the hassle.
@@jamesmeagher7912 You (of ALL people!) don't need 'documents'. Hell, you can't even SPELL so you probably don't READ well, either. Prove it to yourself by comparing prices and the way you're treated when you have a refund, overcharge, defect or other problem. And stop acting like BS (Big Shot) online. All it does is make you look small... especially when you're semi-literate.
No it's not. Only people that are keeping up with Joneses are there. And they can only blame themselves. No one forced them to buy, buy, buy ,buy. On credit, credit, credit.😂
@TommyD-fo7ye: "He fails to mention..." so says Walmart. Bullshit! Walmart's PR department issued that statement intentionally to mislead the public. Walmart's business is declining heavily because "online shoppers" can get stuff at the same (or less) prices without going anywhere and do it from the comfort of their home. Walmart's biggest problem is "high overhead", that is big box stores and huge parking lots. These were great before online shopping. But no longer are. They are expensive. Note: Europe doesn't allow any Walmart stores. PS: I'm a 1986 graduate of business school with a GPA of 3.4. And I've been watching Walmart for over 20 years. Walmart will be filing Chapter 11 protection from creditors in less than ten years, and a few years later will file Chapter 7 bankruptcy.
@@FritzSmith-h4g so says someone who doesn't have a clue. Chicago Walmarts were losing $10 mil a year. They bought out a 50's shopping center in my city maybe 15 yrs ago and built their store, and Lowe's built on the property. Both closed within 2-3 yrs. 30 yrs ago a Target was built on the outlot of that center. Not only did it close in 2 yrs they torn the building down. They closed a Supercenter a few years ago, and the shoppers there found this big market to go to, and now they have armed security, and are considering closing early. This is on the County line where Sam's has to relocate to. I wonder how long they'll last. The Walmart that they recently closed looked like a hell hole inside They also closed a small grocery store recently. With their smaller margins they couldn't withstand people running out with. full baskets.
It's been ten years since I tossed all my credit cards and I live cheaper and happier without the nuisance of dealing with false charges, phones that aren't answered, snotty service reps, long waits, call-backs that never happen, erroneous billings, junk mail and aggravations!
I’m 73, never had a credit card, just a debit card. My accountant mum taught us to save our money & buy only what we could afford. I’ve had a wonderful life, traveled all over the world, am now retired in Europe…because I can’t afford to retire in my own country! So much better lifestyle over here than in America anyway.
@@lzrd8460 Struggle is becoming normal in USA, unfortunately. If you like in Europe, it’s your lucky charm ☺️. Be blessed, healthy and happy! Have a great weekend!
I worked for May Co, for 26 yrs. I worked for Robinsons May, G Fox, Lord And Taylor, and Filenes. The last May Co store I worked for ,was Filenes, at the Danbury, CT mall. We went bankrupt, in 2006. May Co went out, FIlenes was liquidated, and Federated Macy's took over. I took early retirement
Or maybe it's because TAXES on the rich have gone from 90% to a token 28% & half of them pay only 0%!! The increasing tax burden also helped to kill the middle class!! So let's RAISE taxes on the top 5%!! Vote BLUE to get your life back!!
The dirty secret is that the very government spending that is consuming society like an ulcer, gets magically counted as part of gdp. For that reason, the public is not having the proper discussion: has marginal productivity of [federal] debt gone negative? Some have not heard that idea before, so the plain english version... a dollar borrowed causes the economy to shrink instead of provide an anemic 0.2% growth or some such as it did before the threshold was crossed. What it looks like in a boots on the ground way is borrowing more cannot even serve existing debt interest due in full, and therefore makes the debt problem ever bigger. And then the music stops. I think the US may have silently crossed the rubicon at the end of 2023 - note the fed threw up its hands and stopped raising rates. The last time they gave up on program was 2005, when M3 disapeared from all efforts. BLS numbers have been garbage for decades - and that discussion likely only begins in earnest when a number of countries just dump bonds en masse. They have a place to run to now for international settlements, and its brics.
I would almost agree with you, but doesn’t it seem strange that the recent prime day generated a profit of over $4 billion in online sales. I think people are spending their money in a different way.
@@lisalang7802 it is possible to live on under a thousand dollars a month , just need to go back to the old ways of making do with what we've got. Borrow from family - my parents never bought a stick of new furniture in their lives. They had eleven kids and more were foisted upon them. Many family members loaned them furniture, for decades sometimes! And we rarely if ever felt like we had to go without. My parents paid the mortgage first, relied on gathering what food they could, and canning some of that, freezing a little, growing their own plus raising animals on a friend's farm. Life can be easy if you trust providence. Thrift stores and discount stores were all we ourselves could afford, and then relatives stepped in to make the difference taking us out to fancy places, taking us clothes shopping before a wedding, hairstyles at the beauty salon on the night before these weddings... Providence comes when you truly trust in God!
Yeah, I got clothes and shoes that are hardly worn, some not and it's because I'll stand out. Gonna wait til I use the passport for vacation/slash new place to dwell
YES!!!! I have complained about that for years....haven't had to shop there now for a long while now....64 y.o. and I take no OTC meds, make most of my own beauty products now, and eat as much organic foods as I can....
No store can survive the amount of shoplifting by certain Citizens who think they should be able to take it for free! Chicago is closing 4 out of 8 Walmarts by people in those Ghetto areas! I loved it when a Citizen said: "Guess Walmart doesn't want Black People to eat!" NO, Walmart doesn't want you to not eat! Walmart wants you to pay for the food being stolen, because Walmart had to pay for it, to put into their stores for you to buy it!
You mean the 👉 unhealthy frozen food they want you 🥶 to eat 🤮 !!! Stay safe 🙏 make your own food !! Walmart food is not 🚫❌👎 good 😊 for your Health ??? Just like 🐈 😺 cat food !!!
I'm not surprised about CVS closing. CVS refused to transfer my prescription to another pharmacy closer to my home. That practice is illegal. I called my doctor and I explained my situation. They called my new pharmacy with the prescriptions that I needed.
People cannot afford to buy what they used to. Everything costs 35% more. No extras just necessary food and toiletries. If something doesn’t change it’s going to get much worse.
It won't change and it will get worse and worse. The sad thing? The government will continue to say everything is all right. It's not and if anyone believes it they are delusional.
Thank God I didn't try and go the reproduction route, I might have wound up forced into criminal activity to make it and that is not role model activity. 👍
No! You can thank Joe Biden and his massive money printing campaign that is devaluing our dollars. People on fixed incomes are buying much less which has a ripple effect and is spiraling into a recession because boomers are one of the largest segments of our society and they are now retiring and living on fixed incomes. If you keep electing Democrats you will continue to get high inflation and a declining economy.
@@kevreilly7 Your both right. Many people have sold out on God for money and fools don't want God so it is easy for them to sell their souls for the dollar bill.
We live in an era of consumerism and it's all about desire-based consumerism and it has nothing to do with things we actually need. People are starting to realize this!
Was Raised To Always Buy What I Needed And Not What I Wanted By My Parents And Grandparents. They Also Showed Us That Example For A Lifetime. 3 Out Of 7 Kids Have Been Doing Fine Even In These Expensive Times. God Be Praised For Great Parents & Grandparents..😊
The nation is being gutted for the Great Re-set. LONG term planning, the '70's saw the off shoring of a nation that became a consuming nation. Of CHEAP plastic goods sold in Big Box stores. The FED is gangster run. Paying intrest on funny money printed out of thin air. Digital currency is the end. The state does not your opinions-shut off your card/'chip-starve.
I disagree 100% with you - we live in an era of socialism quickly heading to communism. Taxes keep going up up up, and people demanding more more more entitlements (Social Security, Medicare, foreign aid, pork budget, cancel student debt) . It's not sustainable. We live in a society where the Government says, take the vaccine, shut your business down, or we'll force your business to shut down and throw you in jail. I disagree with you - there is nothing wrong with buying products and goods - it is what built society. We have an entitlement issue that is addicted to socialist programs with people pushing more for an authoritarian communist government.
@@worldlife9834lol. We have more people % wise in jail than Russia. And yet we call Russia a dictatorship. By the way with all them laws I'm 💯% positive you are a criminal as well. Just didn't get caught yet.
Speaking as an American just like the rest of you guys, this is of course worrying. I don't why they are not mentioning theft and shoplifting which is a big reason why stores are pulling out. Tell you what, be watchful for some kind of change coming because how long can this continue?🌿
Praise Jesus Christ! Please read in The Holy Bible John 14:6, John 10:10, Mark 8 :36, Hosea 4:6, John 3:16-17, Matthew chapter 24 and Revelation 21:8. HALLELUJAH! God bless.
I worked (briefly) at a Target store several years ago. We were told that 85% of their shrinkage was do to employee theft. I was on my own in electronics on Black Friday morning. I assured the dozens of customers, that I was going to get more help. I then walked straight out the front door for the last time. Eat that Target!
Kroger executives admit in internal emails that they increased prices well above the increase in their own costs. They are under investigation. And some people say price gouging isn’t a thing.
It'll take a while longer before the obama😈/biden😈 diabolically destructive democratic party😈. " New World🌎 " disorder ideology syndrome conspiracy theory fully takes effect-!!!😉
It's a lot higher than that. Just add on all of the individual states debts from paying lifetime free ride pensions to retired workers. More like $75 trillion dollars with the Pensions they handed out
While most retail stores will go out of business, others will try everything possible to remain open and innovate until they too will have no choice but to close their stores and give the ax to loyal employees no matter how long they have been there.
The bleeding out continues 👋🏼 A certain person sounded the change about 12 years ago look up who said this and you’ll understand why it is happening. FUNDAMENTAL TRANSFORMATION 🥀🔥
The , Catastrophic Depression that is moving along will take hold ,horribly. Please, Prepare hard and Pray HARDER. All love and good in, Christ. To you all. Amen 🙏
Pray hard for food to feed your family. See what happens. Pray hard for money to pay your bills. See what happens. Pray hard that you don't get sick and wind up in hospital. See what happens. God is an uncaring God.
I used to do loss prevention for Rite Aid! The company has been a MESS since its inception!! The way their real estate is delegated under several different companies:Rexall,Douglas Drug,Adams corporation,Brooks Pharmacy!! Walgreens found out that they COULD NOT buy most of Rite Aid’s pharmacies because of this Dilemma!!
I am retired. I have to pay back the cost of living raise all Americans got. I have to pay the Medicare bill from January that was paid by my Medicaid. But they took my Medicaid away in June so they are having a field day penalizing me left and right. Please don’t trust social security for your retirement , they rob you and say it’s the law!!😮😢
We have one Costco store here in Newfoundland. It is taking in MILLIONS of $$$$$ every week. Now, Costco will raise their membershit fees by 7$ per card. Their meat and vegetables are priced to outrageous levels. Poor customer service, no community involvement. Just TAKE TAKE TAKE.
Bro, learn to think for yourself. This is just simple cause of effects of shit brewing for a long time. -low wages = can't afford to shop -no foot traffic = less profit = job cuts + store closures = more unemployed = less people that can afford to shop This is what happens when you have a economy of only rich & poor. The middle class is the backbone of an economy. We live in a time where ai, robots, performance metrics, skeleton crew workforce, lack of starter homes for low income earners, jobs being sent over seas, & a lack of good paying jobs., When most of the jobs are retail, restaurants, or warehouse work... no one is getting ahead.
@@shaymalchione809crazy brainwashed fool. The reduction in taxes only helps the worker. Fiat currency causes prices to rise. Look at the Roman Empire and you will see similarities.
I'm surprised that Giant Market is still in business. Their prices are way too high on everything. I only buy what I can't buy at Walmart at Giant. There POS system is more complicated that it has too be. They don't have an express POS. They give you stupid questions asking for a donation. Not going back.
High Price Stores that are being Robbed Right in front of Mgt.Knowing POLICE Rarely Respond Are Closing Either Very Early or Just Going Out of Business😮 4:24
Some companies & corporations cut head count and expect the same labor output but don’t pay that 1 employee enough to do that 3 person job!!!#UnderPaid#OverWorked#BurnedOutEmployees#LowMorale
CVS bought Long's here in Hawaii. They are everywhere. They have closed many minute clinics. It will be quite difficult if they go bankrupt here as they are the primary store of their type in the islands.
I really don't care about all the big box stores, small one will coming back all over the place. No more chains same goes for Restaurants and Fast Food places. I will not miss them.
going back to regional department stores would be more sustainable than nationwide. if Wal-Mart owned stores in 4 - 6 states, Target in 4-6 states, with other stores doing the same, then they wouldn't have to spread there resources over such a large area and let others shoulder the burden. privately owned retailers could form to make up the rest. ditching online for physical stores would help alot. stop buying online so much. that is the big problem. online shopping needs to go the way of the DoDo.. locally made, locally grown, locally sold
The flip side of extreme inflation is deflation and we're starting to see it as Ikea, Michael's, Walmart and Target roll back prices. Another indicator is fast food chains offereing $5 meal deals. If you can remember back to 2008-2012 there was $5 footlongs and other $5 deals. We're facing the stock market and average wages falling by 50-75%
it better to cut out the middle man and brand names. China need sell directly to any country consumers the same stuff, way cheaper. Stop making middlemen RICH.
Rite Aid is the flag bearer of the old Thrifty's Drugs. I only mention this because if they close, that's the end of the cheap and tasty Thrifty's Ice Cream counter inside them.
Oh but Brandon says the economy is great! People have money but don't like the prices.... he says corporate greed is to blame, not higher costs like fuel, rent, wages, taxes and everything else it takes to run a business these days. Brandon says: "let them eat cake"
Actual retail outlets will continue to decline at least those that sell more expensive things that take some time to decide on. They have to warehouse items, display them, staff to sell & stock shelves, and lease or buy locations. With things like Amazon they don't need a lot of this. Walmart can compete as it can turn many into warehouses & sell online. They will just be grocery stores with fewer on floor sales. They do have massive distribution centers & transportation networks. Only thing missing is like Amazon vans but, there's usps, FedEx, and more in place doing nothing except door to door transport. The malls are in transition to living centers or closing. There's your 15 minute cities. We are changing like it or not.
The decline started during the Reagan years when wealth was shifted from the middle class to the wealthy. A CEO used to make 10x his average worker’s salary, but now makes hundreds of times more. Tax rates and loopholes benefit the wealthy. Why is this a surprise?
Businesses move out of our country when taxes get too high..Mass Exodus of the fortune businesses means a much smaller base, which means we pay more. Raising taxes on wealthy individuals means they pass those taxes on to the consumer of their product. We need government to get smaller, video gamers to get jobs, losing youth to drug addiction and overdose.... This country needs to get back to God. He is punishing the world for its sinfulness and sloth. When we start putting His ways first, He will show us ways to live better once again.
Agreed. I have cancelled my Amazon and stopped shopping there. We have a gigantic "dollar store" that pretty much sells anything you might need, especially cheap chinese junk.
And Corporate greed, facts are the profits for Walmart and other large retailers have never been higher... Big box brick and mortar stores are dead as corporate profiteers and their shareholders win.
OMG! Listening to this slow deep voice makes me just sit near the fireplace and sip on hot tea…and slowly fall asleep. Just keep talking. I don’t know what you are saying but its soothing.
We Are in Unchartered Financial Waters! every day we encounter challenges that have become the new standard. Although we previously perceived it as a crisis, we now acknowledge it as the new normal and must adapt accordingly. Given the current economic difficulties that the country is experiencing in 2024, how can we enhance our earnings during this period of adjustment? I cannot let my $680,000 savings vanish after putting in so much effort to accumulate them.
Keeping some gold is usually a wise decision. You would be better off keeping away from equities for a bit or, even better, seeking advice from an expert given the current market conditions and everything that is at risk with the current economy.
You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a CFA, even though I was skeptical at first, and I beat the market by more than 9%. I thought it was a fluke until it happened two years in a row, and so I’ve been sticking to investing via an analyst
Could you possibly recommend a CFA you've consulted with?
My CFA ’Melissa Terri Swayne’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
Thank you for saving me hours of back and forth investigation into the markets. I simply copied and pasted her full name into my browser, and her website came up first in search results. She looks flawless.
I have never saw the country in the shape it is now in. I am 75 years old.
I feel ya, man, its so very depressing and theres nothing but more failure on the horizon.
I have no fking clue how the young-uns are gonna survive since all they want is to play games on computers until they become rich rappers somehow.
I'm glad I'm 74 I'm on limited time there is no future to look forward to
@@misterserious3522😅
Back in the 70's was mild compared to this S$#t show,,,its getting scary out there
You have never seen…
For boomers and senior citizens, the current market and economy are unnecessarily harder. I'm used to simply purchasing and holding assets, which doesn't seem applicable to the current volatile market, and inflation is catching up with my portfolio. My biggest concern is whether I'll survive after retirement.
Just buy and invest in Gold or other reliable stock , the government has failed us and we cant keep living like this.
Yes, gold is a great investment and a good bet against the devaluating dollar, been holding some for awhile now, I’m grateful my adviser’s moment by moment changes in the market are lightening quick, cos who know how much losses I would’ve had by now.
Please can you leave the info of your lnvestment advsor here? I’m in dire need for one
‘’Aileen Gertrude Tippy’’ is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.
Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.
This is the result of career politicians who can't even manage a lemonade stand are voted in to run a country.
Some people think this incompetent gov has the ability to come after everyone. They wouldn’t know how to if they wanted.
@@improvisedsurvival5967 The trick is you don't go after the rich people. The rich people have the legal means to make collecting their real taxes a pain in the ass. However, you could shake a few bucks out of millions of people and get the same amount without the hassle.
Because circus clowns decided to change careers and went into politics. 🤣
Our country, if fear will never be what it was!
Thanks Biden
Imagine if they held an election and nobody wanted the job!
Oops... isn't that what's happening now?
GNC can't pay their bills but can pay their top executives 4 million dollars in bonuses. How does this make sense?
CEO:Crook Every Opportunity!’
Ask Trump. Those are his kind of people. He doesn't care about the workers.
Any outfit selling organic, nutrition or vitamins is a fraud looking for a place to collapse.
GNC was the only stores still open in malls.
Walmart closing high theft stores.
That's why they're starting to lock everything up
Walmart is a high theft operator on its own.
@@lancasterritzyescargotdine2602Post REAL documents to read and not sensatilism rantings!
@@jamesmeagher7912 You (of ALL people!) don't need 'documents'. Hell, you can't even SPELL so you probably don't READ well, either.
Prove it to yourself by comparing prices and the way you're treated when you have a refund, overcharge, defect or other problem. And stop acting like BS (Big Shot) online. All it does is make you look small... especially when you're semi-literate.
@@jamesmeagher7912 Grow up and learn how to spell properly, if you expect respect.
I am 50 years old, I remember the good times of the 80's and most of the 90's.
Things were always better when we were kids, no matter what age you are.
@@lancasterritzyescargotdine2602 Not like now the police state......
This country is in real deep, deeper and the deepest 💩 than ever before. ☹️
No it's not. Only people that are keeping up with Joneses are there. And they can only blame themselves. No one forced them to buy, buy, buy ,buy. On credit, credit, credit.😂
#LetsGoBrandon
If you only look at your own country and not the entire world you’ll never truly understand what’s going on.
He fails to mention that many of Walmart's closings are because of retail theft.
@@TommyD-fo7ye until now.
You're not speaking of Portland Oregon ( 5 ).-???🤔.
This is very true people steal things and alot of Walmart stores are closing
@TommyD-fo7ye: "He fails to mention..." so says Walmart. Bullshit! Walmart's PR department issued that statement intentionally to mislead the public.
Walmart's business is declining heavily because "online shoppers" can get stuff at the same (or less) prices without going anywhere and do it from the comfort of their home.
Walmart's biggest problem is "high overhead", that is big box stores and huge parking lots. These were great before online shopping. But no longer are. They are expensive.
Note: Europe doesn't allow any Walmart stores.
PS: I'm a 1986 graduate of business school with a GPA of 3.4. And I've been watching Walmart for over 20 years.
Walmart will be filing Chapter 11 protection from creditors in less than ten years, and a few years later will file Chapter 7 bankruptcy.
@@FritzSmith-h4g so says someone who doesn't have a clue. Chicago Walmarts were losing $10 mil a year. They bought out a 50's shopping center in my city maybe 15 yrs ago and built their store, and Lowe's built on the property. Both closed within 2-3 yrs. 30 yrs ago a Target was built on the outlot of that center. Not only did it close in 2 yrs they torn the building down. They closed a Supercenter a few years ago, and the shoppers there found this big market to go to, and now they have armed security, and are considering closing early. This is on the County line where Sam's has to relocate to. I wonder how long they'll last. The Walmart that they recently closed looked like a hell hole inside They also closed a small grocery store recently. With their smaller margins they couldn't withstand people running out with. full baskets.
1. Rue21 2. Express 3. Family Dollar 4. CVS 5. Foot Locker 6. Rite Aid 7. Macy 8. Foxtrot 9. Walmart 10. TJ Max 11. Office Depot 12. Fred's 13. Claires 14. Pet Smart 15. GNC
Walmart will never die
@@Jordan-co2re: That's what people thought about Sears.
Thank you because I’m not about to sit here and listen to a robotic voice!!! 👍 👍
He forgot Red Lobster.
@@Jordan-co2re
Never say never.
Walmart put plenty of little businesses out of business 40 years ago. No sympathy here.
I only have sympathy for the laid off employees whom can't find other employment-!!!😭.
It’s not getting better anymore, so learn how to survive without spending money
It's been ten years since I tossed all my credit cards and I live cheaper and happier without the nuisance of dealing with false charges, phones that aren't answered, snotty service reps, long waits, call-backs that never happen, erroneous billings, junk mail and aggravations!
I’m 73, never had a credit card, just a debit card. My accountant mum taught us to save our money & buy only what we could afford. I’ve had a wonderful life, traveled all over the world, am now retired in Europe…because I can’t afford to retire in my own country! So much better lifestyle over here than in America anyway.
@@lzrd8460 Struggle is becoming normal in USA, unfortunately. If you like in Europe, it’s your lucky charm ☺️. Be blessed, healthy and happy! Have a great weekend!
I worked for May Co, for 26 yrs. I worked for Robinsons May, G Fox, Lord And Taylor, and Filenes. The last May Co store I worked for ,was Filenes, at the Danbury, CT mall. We went bankrupt, in 2006. May Co went out, FIlenes was liquidated, and Federated Macy's took over. I took early retirement
Thanks to our politicians spending money like a reckless child. Now we are all paying the price.
Consumers too.
Or maybe it's because TAXES on the rich have gone from 90% to a token 28% & half of them pay only 0%!! The increasing tax burden also helped to kill the middle class!! So let's RAISE taxes on the top 5%!! Vote BLUE to get your life back!!
Why we need to vote these installed fake representatives out
Very true and they're all up in Washington in their million-dollar condos
The dirty secret is that the very government spending that is consuming society like an ulcer, gets magically counted as part of gdp. For that reason, the public is not having the proper discussion: has marginal productivity of [federal] debt gone negative? Some have not heard that idea before, so the plain english version... a dollar borrowed causes the economy to shrink instead of provide an anemic 0.2% growth or some such as it did before the threshold was crossed. What it looks like in a boots on the ground way is borrowing more cannot even serve existing debt interest due in full, and therefore makes the debt problem ever bigger. And then the music stops. I think the US may have silently crossed the rubicon at the end of 2023 - note the fed threw up its hands and stopped raising rates. The last time they gave up on program was 2005, when M3 disapeared from all efforts.
BLS numbers have been garbage for decades - and that discussion likely only begins in earnest when a number of countries just dump bonds en masse. They have a place to run to now for international settlements, and its brics.
Inflation inflation inflation . We now only have money to pay for rent , food and gas . We all about to be homeless soon !
I would almost agree with you, but doesn’t it seem strange that the recent prime day generated a profit of over $4 billion in online sales. I think people are spending their money in a different way.
Praying for you 🙏
Being homeless is
no joke. I'm a
former homeless
vet & a mother of
2 teenagers.
Trump 2024, the only way out
@@lisalang7802 it is possible to live on under a thousand dollars a month , just need to go back to the old ways of making do with what we've got. Borrow from family - my parents never bought a stick of new furniture in their lives. They had eleven kids and more were foisted upon them. Many family members loaned them furniture, for decades sometimes! And we rarely if ever felt like we had to go without. My parents paid the mortgage first, relied on gathering what food they could, and canning some of that, freezing a little, growing their own plus raising animals on a friend's farm. Life can be easy if you trust providence. Thrift stores and discount stores were all we ourselves could afford, and then relatives stepped in to make the difference taking us out to fancy places, taking us clothes shopping before a wedding, hairstyles at the beauty salon on the night before these weddings... Providence comes when you truly trust in God!
The world of greed is way out of control now!!! 👎🏼
You said it man.
Along with a whole lot of people going insane too.
And America is the world leader. THIS is what happens when capitalism is allowed to spin out of control.
That's what happens when people forget about Jesus and follow after ill gotten gainp
All humans are greedy.
Most people don’t dress nicely these days, so clothing stores are struggling.
Less people are traveling for vacation, especially going overseas.
Yeah, I got clothes and shoes that are hardly worn, some not and it's because I'll stand out. Gonna wait til I use the passport for vacation/slash new place to dwell
Pajama bottom sales are up 😂
@@anomaly2990 and tents
I'm in Southern California, where everyone wears t-shirts as clothes. 😢 I'm not talking underclothes, I mean as an actual outer top.
Pretty sure CVS is going out of business for overwhelming costs of printing 27 mile long receipts
😅
Rite Aids are closing all around me in Michigan
YES!!!! I have complained about that for years....haven't had to shop there now for a long while now....64 y.o. and I take no OTC meds, make most of my own beauty products now, and eat as much organic foods as I can....
😁
Hahaha IKR, ALOT of stores with these insanely LONGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGG receipts smdh
No store can survive the amount of shoplifting by certain Citizens who think they should be able to take it for free! Chicago is closing 4 out of 8 Walmarts by people in those Ghetto areas! I loved it when a Citizen said: "Guess Walmart doesn't want Black People to eat!" NO, Walmart doesn't want you to not eat! Walmart wants you to pay for the food being stolen, because Walmart had to pay for it, to put into their stores for you to buy it!
You mean the 👉 unhealthy frozen food they want you 🥶 to eat 🤮 !!! Stay safe 🙏 make your own food !! Walmart food is not 🚫❌👎 good 😊 for your Health ??? Just like 🐈 😺 cat food !!!
I'm not surprised about CVS closing. CVS refused to transfer my prescription to another pharmacy closer to my home. That practice is illegal. I called my doctor and I explained my situation. They called my new pharmacy with the prescriptions that I needed.
People cannot afford to buy what they used to. Everything costs 35% more. No extras just necessary food and toiletries. If something doesn’t change it’s going to get much worse.
It won't change and it will get worse and worse. The sad thing?
The government will continue to say everything is all right. It's not and if anyone believes it they are delusional.
Everything is gonna double in price over the next 12 months
Thank God I didn't try and go the reproduction route, I might have wound up forced into criminal activity to make it and that is not role model activity. 👍
People that were living within their means had no problems and still have no problems.
@@steglash4045no it won't.
We traded peace and prosperity for this! Not kidding.
WE TRADED GOD FOR THE MIGHTY DOLLAR 💵💵💵💵
We?? Speak for YOURself. The fools may have....
No! You can thank Joe Biden and his massive money printing campaign that is devaluing our dollars. People on fixed incomes are buying much less which has a ripple effect and is spiraling into a recession because boomers are one of the largest segments of our society and they are now retiring and living on fixed incomes. If you keep electing Democrats you will continue to get high inflation and a declining economy.
@@kevreilly7 Your both right. Many people have sold out on God for money and fools don't want God so it is easy for them to sell their souls for the dollar bill.
We live in an era of consumerism and it's all about desire-based consumerism and it has nothing to do with things we actually need. People are starting to realize this!
Was Raised To Always Buy What I Needed And Not What I Wanted By My Parents And Grandparents. They Also Showed Us That Example For A Lifetime. 3 Out Of 7 Kids Have Been Doing Fine Even In These Expensive Times. God Be Praised For Great Parents & Grandparents..😊
The nation is being gutted for the Great Re-set. LONG term planning, the '70's saw the off shoring of a nation that became a consuming nation. Of CHEAP plastic goods sold in Big Box stores. The FED is gangster run. Paying intrest on funny money printed out of thin air. Digital currency is the end. The state does not your opinions-shut off your card/'chip-starve.
I disagree 100% with you - we live in an era of socialism quickly heading to communism. Taxes keep going up up up, and people demanding more more more entitlements (Social Security, Medicare, foreign aid, pork budget, cancel student debt) . It's not sustainable. We live in a society where the Government says, take the vaccine, shut your business down, or we'll force your business to shut down and throw you in jail. I disagree with you - there is nothing wrong with buying products and goods - it is what built society. We have an entitlement issue that is addicted to socialist programs with people pushing more for an authoritarian communist government.
I was always anti consumer
A bunch of overpriced junk.
Theft is a ongoing problem with retail stores. Nobody stopping theft cost retailers millions.
take a look at some of Cash Jordan's videos in NYC, he has several on this topic.
@@neohistoryfan1014 It's all over the United States. Our jails are too comfortable and expensive.
Ohh and retailers that sell you junk that breaks right after warranty expiration is not theft? And selling for a huge markup, is not theft?
@@worldlife9834lol. We have more people % wise in jail than Russia. And yet we call Russia a dictatorship.
By the way with all them laws I'm 💯% positive you are a criminal as well. Just didn't get caught yet.
@@rightsdontcomewithpermits7073 Did you graduate high school? Businesses must earn profit to pay rent and employees.
Amazon throws a party every time a big box store chain goes out of business
Amazon will buy out Target and Kohl’s eventually!! Amazon has a controlling stake in Kohl’s as we speak.
Speaking as an American just like the rest of you guys, this is of course worrying. I don't why they are not mentioning theft and shoplifting which is a big reason why stores are pulling out. Tell you what, be watchful for some kind of change coming because how long can this continue?🌿
The fact that companies file for bankruptcy multiple times says it all
Unless you're Donald Trump, and filing bankruptcy is just a fun board game.
Praise Jesus Christ! Please read in The Holy Bible John 14:6, John 10:10, Mark 8 :36, Hosea 4:6, John 3:16-17, Matthew chapter 24 and Revelation 21:8. HALLELUJAH! God bless.
I worked (briefly) at a Target store several years ago. We were told that 85% of their shrinkage was do to employee theft. I was on my own in electronics on Black Friday morning. I assured the dozens of customers, that I was going to get more help. I then walked straight out the front door for the last time. Eat that Target!
Walmart was greedy. They overbuilt. They were too greedy to pay their employees appropriately.
Online shopping is the trend today, because prices are cheaper than retail stores.
If this is not the Great Depression 2.0, I dont know what is!
When more fast food outlets are going out of business, they are directly helping to solve the obesity problem. 🤣🙃🤣
Plus the price of a better meal at a diner or pub is getting close to fast food. Makes no sense to waste hard earned money for a sloppy boring meal
Hopefully I’ll always have Cheetos 😂
It's in Bible that gluttony is sin, but there is much larger percentage and that scares Christians so they just target LGBT and small minorities
Skinny healthy people are more successful and earn more than fat people.
Food gets expensive, prosperity returns.
All grocery stores should be replaced with WinCo Foods stores and all junk food joints should be replaced with In 'N' Out stands.
Kroger executives admit in internal emails that they increased prices well above the increase in their own costs. They are under investigation. And some people say price gouging isn’t a thing.
Ur either rich or poor there’s no middle class
It'll take a while longer before the obama😈/biden😈 diabolically destructive democratic party😈. " New World🌎 " disorder ideology syndrome conspiracy theory fully takes effect-!!!😉
Notice have often retail theft is mentioned as a factor in store closures, especially in areas with weak prosecution like San Francisco.
Major problem not discussed here. A certain "demographic" stealing stores blind. And the police not doing anything about it.
Uncle SAM is under 34 Trillions DEBT and increasing....😢😢😢
Struggling to pay the interest on this massive debt.
@@bromion5123 Lol they should just print 34 trillion that will solve the issue.... I'm sure of it.
Stop voting democrat
Yet we (our government) can afford to support foreign countries' wars!!!
It's a lot higher than that. Just add on all of the individual states debts from paying lifetime free ride pensions to retired workers. More like $75 trillion dollars with the Pensions they handed out
In a significant financial maneuver, the Walton Family Holdings Trust has offloaded more than $1.5 billion worth of Walmart stock
There better not be any liquor stores in this video.
i think liquor stores will be the last to go LOL, when the world ends ill be drinking
No worries, vices of every sort are the only growth category,
I actually need to stock-up on Vodka and Bourbon this weekend.
Gotta make those expensive extracts for baking! ❤
@@misterserious3522 They are called sin stocks, they do well in a down market compared to other investments.
That would be the best thing for the country.
They're probably closing the stores in libral strongholds because they can't sustain being regularly robbed.
More monopolies and less competition means higher profits in fewer businesses that employ less people, buy local and shop local from locals
Berkshire Hathaway is really the only true monopoly besides Google and the Chinese government
While most retail stores will go out of business, others will try everything possible to remain open and innovate until they too will have no choice but to close their stores and give the ax to loyal employees no matter how long they have been there.
The bleeding out continues 👋🏼
A certain person sounded the change about 12 years ago look up who said this and you’ll understand why it is happening.
FUNDAMENTAL TRANSFORMATION 🥀🔥
With stealing an over priced rent space businesses can’t afford to stay open .
I don't think it's theft. I think it's outdates business practices. I feel like these stores are using theft as a scapegoat.
I jus don't know how we will survive without all this grossly marked up Chinese clothing? What will we wear??
😂 Too funny!
Cheap clothes are made by MANY countries around the world, including the USA.
bro shirts are $6 bucks at target.
Who does the mark up? Give your head a shake. If it wasn’t for the Chinese, you will be running around naked.
Try Goodwill or The Salvation Army.
I asked a Walmart manager today if they were getting wiped out. He said no. Do you think he knows?
I heard there were some corporate layoffs at Walmart today but the stores are always busy here in NJ/NY.
The , Catastrophic Depression that is moving along will take hold ,horribly. Please, Prepare hard and Pray HARDER. All love and good in, Christ. To you all. Amen 🙏
Pray hard for food to feed your family. See what happens. Pray hard for money to pay your bills. See what happens. Pray hard that you don't get sick and wind up in hospital. See what happens. God is an uncaring God.
Whipped out by WHO?? Every Walmart parking lot is packed all day !!
The kidz took over the mall and the rest is history
Aint safe no where
Dont you mean 'youfs' or "teens'?
Ask em how much of there own stock they bought back after price gouging americans for the last 4 years while racking in millions.
Don't mind me folks, I'm just here for my daily dose of DOOOOOM!!!
Horrible situation...😮
The hard working poor has done gone massive frugal let the rich money bags 💰 keep America alive
How? By paying 100,000,000 dollars for a gallon of milk?
I used to do loss prevention for Rite Aid! The company has been a MESS since its inception!! The way their real estate is delegated under several different companies:Rexall,Douglas Drug,Adams corporation,Brooks Pharmacy!! Walgreens found out that they COULD NOT buy most of Rite Aid’s pharmacies because of this Dilemma!!
I hate Macy. Nowadays they sell junk at their stores. I haven't came back for 15 years!
Yeah, bought a pair of Lucky Brand jeans. Wasn't so lucky. Very cheap. I only purchase through Lucky Brand Store. Lesson learned.
I am retired. I have to pay back the cost of living raise all Americans got. I have to pay the Medicare bill from January that was paid by my Medicaid. But they took my Medicaid away in June so they are having a field day penalizing me left and right. Please don’t trust social security for your retirement , they rob you and say it’s the law!!😮😢
thanks for shoplifting us all into this situation! thanks for defunding police so this could happen!
And nobody
get punished.now they want to close the prisons. Arm yourself.
And stealing anything over $900 becomes a misdeamor. Under $900 they won't do anything
They defunded the police because we cannot afford to pay them lifetime free ride pensions.
FJB
I second that
Bring back mom & pop stores!!
Big chain stores can go bankrupt and I will not give a damned!!
We have one Costco store here in Newfoundland. It is taking in MILLIONS of $$$$$ every week. Now, Costco will raise their membershit fees by 7$ per card. Their meat and vegetables are priced to outrageous levels. Poor customer service, no community involvement. Just TAKE TAKE TAKE.
Maybe some CEOs could sell a plane, or yacht. Heaven forbid!
This is what Built Back Better looks like 🤔
No this is what tax cuts for rich trickle down bs looks like thanks Reagan & Trump!
@@shaymalchione809 NO!
Bro, learn to think for yourself. This is just simple cause of effects of shit brewing for a long time.
-low wages = can't afford to shop
-no foot traffic = less profit = job cuts + store closures = more unemployed = less people that can afford to shop
This is what happens when you have a economy of only rich & poor.
The middle class is the backbone of an economy.
We live in a time where ai, robots, performance metrics, skeleton crew workforce, lack of starter homes for low income earners, jobs being sent over seas, & a lack of good paying jobs.,
When most of the jobs are retail, restaurants, or warehouse work... no one is getting ahead.
@@shaymalchione809crazy brainwashed fool. The reduction in taxes only helps the worker. Fiat currency causes prices to rise. Look at the Roman Empire and you will see similarities.
identical twins
If these weren’t so greedy they would have customers
You’re kidding me 😂
Who is John Galt?
Only educated, well read, intelligent people know who John Galt is. People like PacmanBrunner don't have a clue.
I'm surprised that Giant Market is still in business. Their prices are way too high on everything. I only buy what I can't buy at Walmart at Giant. There POS system is more complicated that it has too be. They don't have an express POS. They give you stupid questions asking for a donation. Not going back.
High Price Stores that are being Robbed Right in front of Mgt.Knowing POLICE Rarely Respond Are Closing Either Very Early or Just Going Out of Business😮 4:24
Some companies & corporations cut head count and expect the same labor output but don’t pay that 1 employee enough to do that 3 person job!!!#UnderPaid#OverWorked#BurnedOutEmployees#LowMorale
Supposed to quiet quit.
On line shopping is also the cause of many stores having to close.
I try to buy in my local stores.
CVS pharmacies and Walgreens are the only ones i care about so far in this video.
CVS bought Long's here in Hawaii. They are everywhere. They have closed many minute clinics. It will be quite difficult if they go bankrupt here as they are the primary store of their type in the islands.
They'd rather loot then buy, so of course more stores will close !!!
Saw the videos on YT. Bloody ridiculous.
Let's hope walmart is the FIRST TO GO!!! THEY SUCK!!!
High rent is killing retailers
I really don't care about all the big box stores, small one will coming back all over the place. No more chains same goes for Restaurants and Fast Food places. I will not miss them.
I've cut way back on spending, pouring more into our mortgage to pay it off faster, putting money in savings.
I Don't Buy Anything On Line. 😠
going back to regional department stores would be more sustainable than nationwide. if Wal-Mart owned stores in 4 - 6 states, Target in 4-6 states, with other stores doing the same, then they wouldn't have to spread there resources over such a large area and let others shoulder the burden. privately owned retailers could form to make up the rest. ditching online for physical stores would help alot. stop buying online so much. that is the big problem. online shopping needs to go the way of the DoDo.. locally made, locally grown, locally sold
The flip side of extreme inflation is deflation and we're starting to see it as Ikea, Michael's, Walmart and Target roll back prices. Another indicator is fast food chains offereing $5 meal deals. If you can remember back to 2008-2012 there was $5 footlongs and other $5 deals. We're facing the stock market and average wages falling by 50-75%
How about big democratic cities not precutting shoplifters, or shoplifting gangs?
We stopped shopping at stores that want "self checkout." Many people have been prosecuted for making a mistake. I am not a trained cashier 😢😢😢FJB
I refuse to deal with these crooks, also!
Chilling. I can always count on you for the most ominous videos on you tube.
it better to cut out the middle man and brand names. China need sell directly to any country consumers the same stuff, way cheaper. Stop making middlemen RICH.
Amazon causes some of it not a fan miss sears and roebuck!! And k mart much better than wall Mart.
Walmart had ran most Mom & Pop stores to close down. Amazon will/is doing the same to Walmart!
Honesty is not the best policy in modern day America.
$10 dollar tennis shoe for ah hundred bucks? Please. Are you for real?
Rite Aid is the flag bearer of the old Thrifty's Drugs. I only mention this because if they close, that's the end of the cheap and tasty Thrifty's Ice Cream counter inside them.
Thrifty's was always my favorite drug store and I love their award winning ice cream.
Oh but Brandon says the economy is great! People have money but don't like the prices.... he says corporate greed is to blame, not higher costs like fuel, rent, wages, taxes and everything else it takes to run a business these days. Brandon says: "let them eat cake"
The last time I posted my opinion of Brandon, I got blocked for hate speech.
Actual retail outlets will continue to decline at least those that sell more expensive things that take some time to decide on. They have to warehouse items, display them, staff to sell & stock shelves, and lease or buy locations. With things like Amazon they don't need a lot of this. Walmart can compete as it can turn many into warehouses & sell online. They will just be grocery stores with fewer on floor sales. They do have massive distribution centers & transportation networks. Only thing missing is like Amazon vans but, there's usps, FedEx, and more in place doing nothing except door to door transport. The malls are in transition to living centers or closing. There's your 15 minute cities. We are changing like it or not.
The decline started during the Reagan years when wealth was shifted from the middle class to the wealthy. A CEO used to make 10x his average worker’s salary, but now makes hundreds of times more. Tax rates and loopholes benefit the wealthy. Why is this a surprise?
Businesses move out of our country when taxes get too high..Mass Exodus of the fortune businesses means a much smaller base, which means we pay more. Raising taxes on wealthy individuals means they pass those taxes on to the consumer of their product. We need government to get smaller, video gamers to get jobs, losing youth to drug addiction and overdose.... This country needs to get back to God. He is punishing the world for its sinfulness and sloth. When we start putting His ways first, He will show us ways to live better once again.
The Family Dollar is opening new stores all over Rhode Island
Family Dollar is a legitimate loss for America. Thank you Amazon.
😂 no it is not. Moving manufacturing was a legitimate loss for America.
Agreed. I have cancelled my Amazon and stopped shopping there. We have a gigantic "dollar store" that pretty much sells anything you might need, especially cheap chinese junk.
Thank China where half their vendors come from.
True the higher the rent the less spent on the market!
Foot Locker has been operating in the "red" since the day it opened its doors. Poor management.
A large mall north of Seattle closed all the doors. It's strange to see a mall with no cars.
HOW ON EARTH DOES A CHAIN LIKE DOLLAR TREE GO OUT OF BUSINESS, IF A CHAIN THAT SELLS THOUSANDS OF ITEMS UNDER 4$ CAN'T SURVIVE...WHAT'S NEXT!!
People realize that these stores have been buying cheap China junk then marking it up 5 times what they paid . Now we just order ourselves
And Corporate greed, facts are the profits for Walmart and other large retailers have never been higher... Big box brick and mortar stores are dead as corporate profiteers and their shareholders win.
Seems Bidenomics is working to plan. But, Kama lama.Ding dong will turn everything around🙄😂
Say goodbye to staples
OMG! Listening to this slow deep voice makes me just sit near the fireplace and sip on hot tea…and slowly fall asleep. Just keep talking. I don’t know what you are saying but its soothing.