The retail apocalypse continues
To believe that online shopping somehow created this drastic decline in business for so many chains that often don't even sell the same products that Amazon does is simply ludicrous.
A lack of cash creates a retail apocalypse
Nowhere has the underlying cause of the retail apocalypse become more apparent than in welfare and unemployment statistics of America. One out of three Americans is no longer in the workforce - not working and not looking for work. While this number has ticked down slightly during the last year, it seems to not be enough to change the overall situation. Furthermore, someone working part-time at Burger King would technically be in the labor force, but they wouldn't be able to buy anything.
Half of all Americans receive some sort of check from Uncle Sam each month. Many of these are social security recipients, and so they're not on welfare per se. Yet half of the American tax dollars now go to support those who can no longer support themselves. Programs such as Medical and EBT (food stamps) and Section Eight Housing have not been alleviating poverty in the slightest, as evidenced by the fact that an increasing number of people have come to rely on these programs for basic survival. It's no wonder we're in the midst of a retail apocalypse.
The retail apocalypse goes beyond politics
By creating endless currency units out of thin air, thereby debasing currencies, monetary policy decreases purchasing power for the entire world. Bailing out big banks who function as parasites of the real economy by extracting wealth in the form of fees and fraud further depletes the supply of real goods and services. Nowhere has this become more evident than in the collapse of M2 money velocity.
Offshoring of jobs also played a large part in this retail apocalypse. The actions of politicians appear to have led to the decision to create so-called free-trade agreements that allowed jobs to be sent elsewhere. But who do politicians really take their orders from? Why does every politician promise certain things during a campaign, only to reverse course once in office? Could it be that once elected, they learn who their true masters are (the bankers)? Have remarkable and honorable American presidents like Lincoln, Jackson, Kennedy, and Reagan been victims of forces beyond their control?M2 money velocity completely disagrees with the Fed that QE helped the economy (it was just a backdoor bailout, nothing more). pic.twitter.com/b00j6pbMMA— Cory Venable CMT (@CoryLVenable) January 3, 2018
Ecological factors also play a role in the retail apocalypse
The fountain of youth and prosperity we once had in mother Earth is becoming a well run dry by our own making.
All in all, the retail apocalypse continues unabated. How much longer before nothing is left?