Everyone Needs To Start Worrying About The Economic Apocalypse - Episode 1281a
Retail is imploding on itself, more stores are now declaring bankruptcy, other stores are showing major losses and stores are continually closing. Ford is letting go 10% of employees and these individuals are the salaried personnel. Housing starts declines once again and sinks deeper into the abyss. Industrial production surges, but this will not continue because the surge was due to the auto manufactures and now we have an oversupply of vehicles. One belt one road trade system has been initiated back in 2013 during the time when the US was pushing the TPP and TTIP. The economic apocalypse is upon us and the system is collapsing right in front of our eyes.
Hi, Dave, I followed you over here. This looks like a great place for your videos. So glad there is an alternative to youtube. I hope they go broke.
The automotive industry is another industry where fuzzy math is used. Dump the cars to the dealers at full price, increasing the car manufacturer's revenue, and increasing the car dealer's balance sheet with increased inventory. Then quietly offer incentives to the customer to increase the car dealer's revenue.
Welcome to Steemit!
Youtube R.I.P.
In my area, a small midwestern city, the auto dealerships are at breaking point with lot space. The GM dealer ship next to my work has actually temporarily parked about 25 new 2017 SUV's in the Lowes parking lot across the street because there is no physical room for them to be parked on their own lot. There is no way they are going to move that many vehicles without some new 10 year/0% financing. They are all going to just sit there while people buy a 4 year old car just off lease for a few thousand dollars instead. What a complete waste of resources and money.
lol. I am starting noticed that in my area as well. Go to my local Walmart ,like what is all these new ford's doing here;)
Welcome to Steemit Dave, your hard work is greatly appreciated!
My only comment would be is that it would be great to have links to some of the sources as I send your videos to many friends and family and they constantly pull me up on the sources.
Last one was for the IMF suggesting to Germany that they were going to impose capital levy's on positive bank accounts. I could only find something on Armstrong Economics and nowhere else online.
I have total faith in your reports but need a bit of assistance spreading the word!
Welcome Dave! Nice to see you here too!
Really excited to see you here. With those of you caliber joining in there will be no stopping Steamit.
New listener, love your shows for the past couple of weeks. I think an important thing to also consider is what Mike Maloney pointed out that a majority of baby boomers are approaching or in retirement where they will be forces to sell off parts of their 401k.
The retail, auto, real estate, student loans, credit card debt are a complete mess with defaults going on in every sector. We need to all start preparing and helping each with good information to help and protect each others families.