Lee Camp Published originally on Rumble on November 26, 2022
This is not just a Recession — it is a Massive Economic Shift!
Not Just Recession—Massive Economic Shift!
Tag Archives: Welfare migration
The Consumer Economy Has Completely Collapsed – “It’s a Ghost Town” for Holiday Shopping Everywhere
Posted originally on the conservative tree house on November 26, 2022 | Sundance
“Crowds? I see nothing. I’m surprised,” retail worker Jeremy Pritchett told FOX 2. “Normally, it’s wrapped all the way around the building. Today: no one.”
That’s the typical ground report from areas all over the country. No one, literally almost no one, is doing any holiday shopping and the traditional Black Friday rush to get deals and discounts just didn’t happen. Financial media are scratching their puzzlers, perplexed with furrowed brows.
Interestingly, almost every financial media outlet is using the same Retail Federation talking point about anticipating an 8% increase in holiday sales this year. Apparently, pretenses must be maintained. Meanwhile, news crews and camera crews are having a desperate time finding any holiday shopping to use as background footage for the claims that sales are strong.
“Look, over there. There’s a person buying something. Oh, wait, no, that’s just an employee dusting the empty cash register.” At a certain point, one would have to believe reality would run head-first into the mass delusional pretending. Maybe this holiday season will be it, maybe not.
Reuters – […] About 166 million people were planning to shop from Thursday’s Thanksgiving holiday through this coming “Cyber Monday,” according to the National Retail Federation, almost 8 million more than last year. But with sporadic rain in some parts of the country, stores were less busy than usual on Black Friday.
“Usually at this time of the year you struggle to find parking. This year, I haven’t had an issue getting a parking spot,” said Marshal Cohen, chief industry adviser of the NPD Group Inc.
“It’s a lot of social shopping, everybody is only looking to get what they need. There is no sense of urgency,” Cohen added, based on his store checks in New York, New Jersey, Maryland and Virginia.
At the American Dream mall in East Rutherford, New Jersey, there were no lines outside stores. A Toys ‘R’ Us employee was handing out flyers with a list of the Black Friday “door buster” promotions. (read more)
It’s almost Kafkaesque to see how the media are continuing to maintain economic pretenses, yet the reality of a completely collapsed consumer economy is physically staring them in the face.
(Bloomberg) – Activity Light at One San Francisco Mall (4:40 p.m.) – At the Stonestown mall in San Francisco, shoppers were few and far between. The Target and Zara stores were mostly empty, and there was no line for the mall’s Santa Claus. Uniqlo and Apple were the busiest locations, but they still weren’t crowded.
[…] Crowds were thin in the late morning at the Stamford Town Center mall. Kay Jeweler, empty. Safavieh, empty. Only a couple of people waited at the checkout line at Forever 21 and just a few were in line for a purchase at Barnes & Noble.
[…] At a Target store on Chicago’s North Side, the parking lot was barely half full at about 9 a.m. local time. Shoppers were greeted with $3 ornaments and discounted Christmas trees when entering, and the store seemed calm and relatively quiet.
[…] The Macy’s in Stamford, Connecticut, was neat and orderly — maybe a little too neat and orderly on a day associated with shopping chaos. The furniture section was nearly deserted, though there were more shoppers looking at shoes. (read more)
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New Interview: 2023 Will Be A Year Of Chaos and Big Challenges for the US
Armstrong Economics Blog/Armstrong in the Media Re-Posted Sep 5, 2022 by Martin Armstrong
Watch the latest interview above or click here.
Understanding Insurrections for Dummies
How the Democratic Party Abandoned Liberals | Dave Rubin | POLITICS | Rubin Report
Re posted from the The Rubin Report Published on Rumble on May 20, 2022
Dave Rubin of “The Rubin Report” talks to Tucker Carlson, Lewis Howes, Larry King, and the Babylon Bee about why the Democratic party is turning so many liberals into conservatives in this special “best of” episode. Was Dave Rubin ahead of the curve for leaving the left? As identity politics and the oppression olympics destroy the Democratic party, many more Democrats are being turned towards conservatism and classical liberalism. Whether it’s trainings about intersectionality in the workplace or talk of reparations for slavery no one can run away from woke politics any more. Dave discusses what he learned about systemic racism from Larry Elder, and why collective guilt and victimhood culture are pushing many on a similar political journey.
Fannie Mae More Than Triples Negative Forecast for Housing Sales
Posted Originally on the conservative tree house on April 19, 2022 | sundance
Lots of people talk about an inflation driven recession. Essentially, that’s a total economic contraction in the value of goods and services produced, sold and purchased, due to rising prices. However, as CTH has been pointing out for more than six months, if you subtract the federal COVID infusion money from the overall economy, we have been in a contracting demand economy for almost nine months.
A negative GDP outcome is quite possible, perhaps likely, when the first quarter GDP figures are released on the last Friday of this month. The most recent sales and economic data shows that U.S. consumers are prioritizing spending and high priced durable good sales are negative.
Now, Fannie Mae is delivering a rather stunning shift in their economic forecast. In addition to projecting a recession for 2023, these revised home purchase figures are remarkable:
...”We have downgraded our total home sales forecast for 2022 to a decline of 7.4 percent (previously a 4.1 percent decline) followed by a decrease of 9.7 percent in 2023 (previously a 2.7 percent decline).” (link)
That is a very significant change in home sales forecast to the negative position.
We already have serious energy inflation to contend with and low wage growth. We already know a third inflation wave on highly consumable goods is coming this summer, likely around 30% or more in food prices at the grocery store.
The professional forecasts are always tilted toward the positive for this administration, so this new statement by Fannie Mae should be considered accordingly. Remember, Boy Scouts motto.
Authentic Soviet Union Recipe
Armstrong Economics Blog/Socialist Re-Posted Nov 4, 2021 by Martin Armstrong
“What will you use to peel your imaginary potatoes in the upcoming socialist utopia?” questions the Babylon Bee. Let’s hope the chef (self-proclaimed Socialist influencer) shared the imaginary potatoes and single pea instead of hoarding them like a gluttonous member of the bourgeois.
How Soviet Communism Worked
Two Generations Agreeing in Song
Armstrong Economics Blog/Opinion Re-Posted Sep 1, 2021 by Martin Armstrong
Here we have the opposite generations of artists singing songs (click on image) about the same problem. I think this is fantastic for what you are listening to is showing that the Resistance is rising. I think we are all tired of the COVID nonsense. Debating if it will kill people in 2 to 3 years or it will track people with chips and nano-technology. I believe it will impact fertility for I have been informed already that girls in their 20s have been experiencing side effects impacting their menstrual cycle changes by staff with direct experience. With both Gates & the Rockefeller Foundations trying hard to reduce population, I do not find a single world of Gates as being trustworthy nor his puppets at the World Health Organization and our most dear Saint Anthony Fauci.
These two songs are a glimmer of hope that there are two distant generations singing about the same problem. I long the Monalisa Twins and how they point out that Gates, a college dropout, has elevated himself to our global health czar with absolutely no expertise in climate or health. Yet the press he has indeed bought, run to him for his guidance on these subjects.
Then there is even resistance showing up in Rap songs such as Tom MacDonald’s Brainwashed.
This is the real agenda – not COVID. That is just the tool to scare the hell out of people to surrender all their liberty to prepare for the Great Reset. We need more singers to come out for we now have one year to defeat these people.
Australia’s Finest Politician Setting New Standards for the World
Armstrong Economics Blog/Tyranny Re-Posted Sep 1, 2021 by Martin Armstrong
This compiled video (click on image above) sums up Australia’s FINEST Politician and how absolutely insane she has become in the face of this manipulated pandemic for political purposes. I think she must have watched too many Naxi films when growing up and was deeply inspired. This is who the Australian police are protecting. Well, when Australia falls, they can always plead they were just following orders as they did at Nuremberg. Australia – really going down under this time!
Categories:Tyranny
Centinel2012 