by Michael Snyder, The Economic Collapse Blog:
You have got to be pretty sick to want to damage the U.S. economy just so that you can make President Trump look bad. Whether you agree with President Trump’s policies or not, we should all want things to start moving in a positive direction. For the past several years, economic conditions have steadily deteriorated, and now we are at a real crisis point. It is literally going to take a miracle to turn our economic momentum around, and there are those that want to make this task even more difficult by purposely sabotaging the system.
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On February 28th, a shadowy group known as “the People’s Union” is planning an economic blackout for 24 hours…
Consumers are rallying to speak through their wallets – or lack of spending – as a way to protest the retreat by some companies from DEI initiatives and President Trump’s actions to eliminate federal DEI programs since taking office. They are calling on consumers to boycott specific retailers and for one day later this month, to refrain from spending any money at all.
Numerous social media accounts are sharing the message of a 24-hour consumer spending blackout planned for Feb. 28. Consumers are encouraged not to spend money in stores or online for the day and if they have emergencies or essentials they need, they are encouraged to support a local small business.
By giving this boycott an excessive amount of coverage, the mainstream media is going to greatly increase the impact that this boycott has.
The People’s Union is also planning another economic blackout from March 7th to March 14th. That one will specifically target Amazon…
The People’s Union economic blackout is on February 28, and the group is also staging an Amazon boycott from March 7 to 14. During the economic blackout, participants are pledging to not make any purchases, either online or at brick-and-mortar stores.
Of course there are many Democrats that had already pledged to spend as little money as possible while President Trump is in the White House.
They hate him so much that they are willing to cause pain for the entire country just so that they can make him look bad.
Sadly, this is happening at a time when thousands of retail stores are already shutting down.
As I discussed earlier this week, over 7,000 stores permanently closed last year, and it is being projected that 15,000 more stores will permanently close in 2025.
Every day, there are more headlines about our ongoing retail apocalypse. For example, we just learned that Joann has decided to close approximately 500 stores…
Now, Joann has confirmed that it plans to close 500 of its roughly 850 stores nationwide.
“This was a very difficult decision to make, given the major impact we know it will have on our Team Members, our customers and all of the communities we serve,” Joann said in a statement to USA TODAY on Wednesday. “A careful analysis of store performance and future strategic fit for the Company determined which stores should remain operating as usual at this time.”
And Walgreens continues to push ahead with their plans to shut down more than 1,000 stores by 2027…
Walgreens is pressing ahead with plans to shut stores
The struggling pharmacy giant previously announced plans to close over a thousand stores by 2027. The latest scale-back doomed five locations in California.
Store managers in Whittier, Los Angeles, Orange, Placentia, and Stanton, California received notice that their stores will permanently shutter.
Needless to say, this is not normal.
Meanwhile, on Wednesday we learned that the official rate of inflation has started to tick up again…
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