(Another warning sign to my friends and blog-sphere friends).
In my book â€œRepursury,â€ I have listed Walmart as a â€œhybrid subsidy,â€ because the United States Government subsidize Walmart’s work force as well as Walmart’s clients with food-stamps. So the US government subsidizes Walmart business models and infrastructure.
If you ever lived in a small town, a Walmart comes to destroy the local economy and after all the mom-n-pops stores are closed, there is no more room for expansion, Walmart will close the store and move to another area. In other words, when there is no growth to be made, Walmart will close its store.
So, it appears that Walmart is loosing confidence in the United States market and appears that it was not really impressed by Obama’s speech in the recent State of the Union Address. Although Obama said that the economy is strong, Walmart still decided to close 154 stores in the United states and a total of 269 around the world.
I have been gloomy about the economy for a while; in fact, on July 2015, I posted two videos about a hyperinflation that it is about to come and how it will affect global and personal economics. The videos are calledÂ the Collapse of the Petrodollar Part1, and the Collapse of the Petrodollar Part-2, later in 2015 I posted The Petrodollar Collapse Part 3. On â€œPart 3â€ I did not make predictions but I only stated some of the predictions that I’ve made on Part 1 and Part 2 and they are already reality. How does Walmart fits in the video predictions that I’ve made?
Simple! Walmart did not get to grow for having bad economists working for them. I have been predicting a hyperinflation on the order of at least 1000% to come to The United States to catch up with the United States’ Debt ratio per gold reserve. Gold parameters are not being used now, but it has been in used before (for hundreds of years), and I postulated that China and Russia will bring this standard back because by doing it, it will destroy the U.S. Dollar. Even the cleverest economist will not get it right 100% at 100% of the time, Alan Greenspan and Ben Bernanke were discredited after the 2008 Great Recession. Japan has been discrediting Keynesian Economics for the last three decades, because Keynes’ logic has been applied and Japan has not recovered.
If a person is a good economist, the person could become a professor, a better economist will write books, but the best economists are employed either by hedge funds or Walmart. In a hyperinflation of 1000% that I have been predicting, folks will buy 90% fewer items. Therefore, there are two ways Walmart can close its stores: via bankruptcy (in a not so distant future) or anticipating an economic collapseâ€”close its stores.
â€œNever believe anything in politics until it has been officially denied;â€ is a very old quote. Our economy is in peril, Obama made it official in during the State of the Union Address by denying it and Walmart is making it real by closing their stores.
I want to close this economic update with these words: banana and asparagus. I was just kidding, I really want to close with this thought: We live in an economy based on greed, we do not live in an economy based on ethics. Therefore, our economics will go through a jubilee of destruction. Just imagine the economics of greed as bacteria in a petri-dish, eventually the food is exhausted and all the bacteria die. Should the future of our economics be the same as lectured by Adam Smith and John Maynard Keynes? Are we ready for something new? In â€œRepursury,â€ I wrote that in our human history we never had, neither pure Capitalism nor pure Communism. For instance, when the governments bail out banks, it is not Capitalism it is Communism for the rich. This next jubilee of destruction will certainly come before 2018; this new warning should not be all negative; but an opportunity to design a better system of economics with less greed, no wars, enduring peace, more space travel, and fewer Walmarts.
Here are three reports of Walmart closing its stores.
New York Times