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Economic Apocalypse: Don’t Believe It? Check Out These Recent Mind-Blowing Facts! And, It Is Coming VERY SOON! (Video)
Revelation 6:6 And I heard what seemed to be a voice in the midst of the four living creatures, saying, “A quart of wheat for a denarius, and three quarts of barley for a denarius, and do not harm the oil and wine!”
There are those who believe the U.S. economy is getting better, but unfortunately, this is far from the truth. Major retail chains are closing their doors all over the United States of America. If the economy is improving, this would not be the case.
Because millions of people prefer to shop online for convenience, the rise in internet retail, such as Amazon, have greatly affected this outcome. However, this alone does not account for the loss the economy is suffering as a whole. There are many reasons why we are seeing a great retail ‘apocalypse’.
Mind-Blowing Facts About the SOON COMING American Economic Apocalypse!
Believe it or not, retail professionals state that the internet alone only accounts for approximately 20 percent of this decline. The vast majority of this decline is a result of the slow, steady death of the middle class U.S. consumer. For five years in a row, median household income has dropped, yet the cost of living and bills just keep piling up. The amount of disposable income the average american has available is continuously shrinking at an unprecendented rate, which is not good news for the retail industry. Unfortunately, this is only the beginning of the coming economic hell.
Retail experts now project that the pace of store closings is going to accelerate over the course of the next decade.
Below is a mind-blowing list of facts regarding the U.S. retail apocalypse, and keep in mind as you look it over, it isn’t just going to get worse, but it is going to get worse VERY SOON!
01. Right now, approximately one billion square feet of retail space is sitting vacant in the United States.
02. Just last month, Radio Shack announced they were going to close over one thousand of their stores.
03. Just last month, Staples announced it was going to close 225 of its stores.
04. For 13 quarters in a row now, same-store sales at Office Depot have declined.
05. J.C. Penny, who has been slowly dying for years, recently announced their plans to close 33 more of its stores.
06. Add to that, J.C. Penny lost 586 million dollars during the second quarter in 2013 alone.
07. Since 2010, Sears has closed down approximately 300 stores, and CNN has been reporting that Sears is expected to shutter another 500 Sears and Kmar locations soon.
08. For 27 quarters in a row now, overall sales numbers have declined at Sears.
09. Target has recently announced that it plans on eliminating 475 jobs and will refrain from filling 700 empty positions.
10. It has been projected that Aéropostale will close approximately 175 stores over the next few years.
11. Macy’s announced that it will be shutting down five stores, as well as eliminating 2,500 jobs.
12. By 2016, the Children’s Place will be closing down 125 of its ‘weakest’ stores.
13. In Canada, Best Buy recently closed approximately 50 of its stores.
14. Blockbuster, a video rental giant, completely shut down every one of its stores.
15. It is projected that U.S. supermarket sales will drop by 1.7 percent this year as the overall population increases.
16. Fast food chain giant, McDonald’s reported that sales at established U.S. locations dropped down 3.3 percent in January.
17. American TV, a home appliance chain in the Midwest, plans on shutting down all eleven stores.
18. Walmart is apparently strugging at the present. A prominent Walmart executive recently made a shocking statement:
David Cheesewright, CEO of Walmart International was speaking at the same presentation, and he pointed out that Walmart would try to protect its market share in the US – where the company had just issued an earnings warning. But most of the growth would have to come from its units outside the US. I mean, via these share buybacks?
Alas, outside the US too, economies were limping along at best, and consumers were struggling and the operating environment was tough. “We’re seeing economies under stress pretty much everywhere we operate,” Cheesewright admitted. —CK Quarterman
19. A recent CNBC article titled, “Time To Close Walmart Stores? Analysts Think So”, recommended Walmart close approximately 100 ‘underperforming’ supercenters in rural lcations throughout the U.S.
20. Retail consultant, Howard Davidowitz projects that up to at least half of all shopping malls in the U.S. might shut down within the next 15 to 20 years.
Within 15 to 20 years, retail consultant Howard Davidowitz expects as many as half of America’s shopping malls to fail. He predicts that only upscale shopping centers with anchors like Saks Fifth Avenue and Neiman Marcus will survive. —CK Quarterman
Unless the U.S. economy begins producing large numbers of steady, good middle class jobs, things are not going to improve, unfortunately. And, this just isn’t happening.
During the month of February, we were told that the U.S. economy added 175,000 jobs, which sounds great until you understand that it takes nearly that many jobs alone, each month, just to keep up with the population growth. According to CNS News, the percentage of unemployed Americans grew faster than the number of employed Americans in February of 2014. And, according to the Bureau of Labor Statistics (BLS), the number of unemployed individuals age 16 and up increased by 223,000 in February.
Also, in February, there were 10,459,000 people, age 16 and over, who were unemployed, which was up 223,000 from the previous month when there had been 10,236,000 unemployed.
In the meantime, the labor force participation rate remains at a 35 year low, and a staggering 70 percent of all Americans who do not belong to the labor force are below the age of 55 years old. This is absolutely outrageous!
What’s more, things appear even more depressing when you check out the labor force participation rate for males alone. In 1950, the labor force participation rate for men was approximately 87 percent. Sadly, today it has plummeted below 70 percent, which is a brand new all-time record low.
Unfortunately, jobs have become scarce. There are not enough available jobs per person in the United States of America. Check out the below chart to see the actual percentage of working age American citizens that have a job, and see for yourself how drastically it has changed since the turn of the millenium.
There is no doubt the employment-population ratio has greatly declined druing the last rececession, and it has continued below 59 percent since the latter half of 2009. This confirms that an economic recovery is not in the cards. If we were going to have a recovery, we would have surely had one by now.
Due to the fact that just are not enough jobs, more highly educated workers are taking the jobs that were once held by less educated employees, and then knocking them out of the labor force altogether. And, as a side note, many of our jobs are being taken by foreigners who will work for less wages.
The following is an excerpt from a recent article in Bloomberg News:
Recent college graduates are ending up in more low-wage and part-time positions as it’s become harder to find education-level appropriate jobs, according to a January study by the Federal Reserve Bank of New York. The share of Americans ages 22 to 27 with at least a bachelor’s degree in jobs that don’t require that level of education was 44 percent in 2012, up from 34 percent in 2001, the study found. Due to the fact that there are not enough middle class jobs to go around, the middle class has been steadily shrinking. In 2008, 53 percent of all Americans considered themselves to be “middle class”. Today, only 44 percent of all Americans consider themselves to be “middle class”.
This is a phenomenal shift in only six years!
Regardless of what we are being told by lying politicians and deceitful mainstream media, something is obviously fundamentally wrong with the current state of our economy. The majority of people do actually realize this.
According to recent surveys, only 35 percent of all U.S. citizens believe they are better off financially than they were even a year ago. And, according to a recent NBC News/Wall Street Journal poll, a staggering 28 percent of all U.S. citizens believe this country is headed in the right direction.
It’s truly frightening, but what you see right now is the best it will ever be. We are on a precipice of a great economic collapse, and it is quickly approaching! When it strikes the majority of the middle class, it is going to get even worse.
SOURCES FOR THIS ARTICLE:
The writer does not understand stock economics. Most of those stores should of never opened, but because of shareholder pressure and “stuck” prices many were forced to over expand.
I have seen some stores open where they NEVER should have been. I mean, c’mon a huge Office Depot store in a small town???? When there is one only a few miles away, anyway?
Looks good on the balance sheet, terrible on the cash flow. In this case it would be a normal retraction but because the left is running the store now (the illegal know-nothing sodomite) it is a free for all economics, or “free-fall” for short.
BRACE yourself for impact. It will get a lot worst because of “turbulence”.
People are working less and getting paid less, and they can’t afford to buy stuff. It is just that simple.
Part time, low wage jobs. Or no job at all. It is just that simple.
Really? Then a pay raise should solve everything! You are sooo brilliant!
http://m.youtube.com/watch?v=cpiz2-0eDy0
An economic collapse is just part of the plan. http://goo.gl/ZmHdEJ
Don’t you find it strange that the “up-scale” markets will survive? And that Tiffinys of New York is having a landmark year?
So, the person who down voted my comment doesn’t agree that the elite are doing just peachy, and the gap between them and the rest of us is growing ever wider?
I’m just stating facts. Ask any banker.
It’s not coming, it’s here already, just in case you missed the millions in America now living tent cities.
What has one in a long line of deliberately created economical depressions,… that’s where your government deliberately gets you all too scared of losing what little you have left, while they take what little you have left,.. what has it got to do with spirituality?
Your god is politics? Mammon?
I would say that with all of these hundreds of ads popping up on BIN all the time now, our economy must be doing pretty well.
Too much wordy ….. KISS …… If the economy is SO good ….. why are FOOD BANKS, Homeless Shelters, etc. all BEGGING for help!?!?!?!?
Are you starving and destitute? BAR-B-Que a Politician or a Banker …. They are FAT and JUICY.
” BAR-B-Que a Politician or a Banker …. They are FAT and JUICY.”
The whole world is going through an economic change, the old way are not meshing with the new, economic turbulence and resets are to be expected, once the greed and leeches are slowly purged from the system it will calm. Otherwise it if fear and stupidity takes over a collapse could be brought on and this does no one any good. Before writing fearporn stories about economics it may be better to do your study on the subject a bit better.