by Daisy Luther, The Organic Prepper:
The economy is collapsing around us, and if you aren’t already prepared, it’s time to get with it ASAP, because Wal-Mart is closing 269 stores. If that doesn’t ring loud, clanging warning bells for you, then nothing will convince you of the need to prepare for economic collapse.
If you listened to the State of the Union address (listen for free) last week, you heard President Obama accuse those who criticized the financial situation in the United States of “peddling fiction.” However, with oil prices plummeting, stock markets around the globe tanking, and businesses shutting their doors left and right, it seems that the only peddler of false tales is our fearless leader himself. When the biggest retailer in America is struggling to stay afloat, I call BS (Baloney Sandwiches) on the notion that “our economy is recovering.”
Since last year, Wal-Mart, that ubiquitous symbol of American discount retail and bad taste, has seen its stock value plummet an almost unfathomable $80 billion.
Walmart Is Closing 269 Stores
Today, it was announced that Wal-Mart is closing 269 stores across the globe by the end of January. (Or as they like to call it, they are “sharpening their portfolio.” These stores are the ones in the United States.
Zero Hedge isn’t shy about pointing fingers toward the last straw for the struggling retail giant: “Behold: the effect of an across the board minimum wage hike.”
Even if you hate Wal-Mart and the corporate greed it stands for, another 16,000 people will find themselves out of work by month’s end.
Please follow SGT Report on Twitter & help share the message.