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Still Think the Economy is “Recovering”? Walmart Is Closing 269 Stores, Including These

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.

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7 comments to Still Think the Economy is “Recovering”? Walmart Is Closing 269 Stores, Including These

  • Ed_B

    “When the biggest retailer in America is struggling to stay afloat, I call BS (Baloney Sandwiches) on the notion that “our economy is recovering.””

    Agreed… only make that BULL-oney sandwiches… “and we are all gonna have to take a bite”.

    The data clearly shows that the US and world economies are not doing well in spite of all the cheer-leading that is being done in DC and NYC. Opposing the obvious truth of our economic and financial situations are the innuendos, half-truths, and outright lies of the current administration in DC, at the Fed, and on Wall Street.

    The Baltic Dry Index is rarely ever mentioned on the so-called financial news programs, yet it is a critical measurement of the tonnage of goods shipped around the world. None of the various transportation indexes are showing any growth and are, instead, shrinking. None of these bodes well for a “recovery”. Not that we needed this, of course, to know that the S has begun to HTF.

    The worst start EVER on Wall Street shows that things are coming apart at the seams. Had January gotten off to a great start, you can bet that this would have been trumpeted far and wide as “proof” of our economic recovery. To fully understand all this, all we need do is remember that famous quote of, “When things get really bad… LIE!”… and are they ever!

  • Rob

    “President Obama accuse those who criticized the financial situation in the United States of “peddling fiction.” ”

    It`s me…… Sure makes me feel great too!

  • Rob

    Is the district of criminality all on mind altering drugs ?

    Were they getting water from Flint Mich ?

    It`s like Twilight Zone,One step Beyond,The Outer Limits all rolled in to one.

  • Questionman

    Wow. just wow. you racist kunts are racist, retarded and pathetic. You really don’t know how the economy works. Just, if it goes wrong, blame the black man in office, like you racist scumbags love to do. Are you kidding me? You try to call Obama a liar, then you say that the stores are closing because they were a failed venture by Walmart, and that Walmart will now be opening 150+ supercenters. Are you so desperate to blame Obama that you pin this on him? Hate to break it to you but those 150 supercenters will employ many more people than those 250 walgreens sized convenience stores.

    The closed stores are primarily an experimental model of stores that proved unpopular. It doesn’t matter how strong the economy is, if your business model is undesirable to consumers they won’t shop. Also these stores were very closely located to other Walmart and probably cannibalized other Walmart sales more than growing customers. Finally they still intend to open 150 regular walmarts. But yea, continue prove yourself undeserving of the Web domain you spew this garbage on by blaming the black man for everything like the good little racists scumbags you are.

  • TheVirginian

    Let us not forget the Target of Canada closings all of their stores shortly after buying out Zellers from the Hudson Bay Company. …eh.

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