Walmart-owned Sam’s Club plans to open about 30 new stores over next five years – Melissa Repko – CNBC
Nasdaq closes 1.7% higher as Tesla pops, Dow adds 200 points – Samantha Subin – Alex Harring – CNBC
Does anyone with a brain really think that our economy, or the global economy, is crashing into a recession? We keep getting told that it is, to “prepare for hard times”, “get ready for hardship”, “major food and goods shortages are coming”.
The only thing causing shortages that I can see are all the arson attacks and bird flu infections going on at chicken farms. That and the artificial beef shortage caused by the artificial feed shortage caused by the artificial fertilizer shortage. What’s made the most impact is the sudden high price of eggs, but chickens go from chick to laying hen in 6 months and to meat birds in 4 months. The beef shortage hasn’t hit yet because cattle raisers have been culling their herds due to the feed shortage, so beef is actually cheaper than it was months ago.
You never hear a word now about the global shipping “backlog” of ships backed up for months at ports. The “Global Shipping Disaster” seems to have silently faded away. The supposed lack of truckers has gone along with the diesel fuel shortage.
What should we make of all this? The Walmart people are no fools and they see prosperity ahead. Sams Clubs are like Costco, they’re Members Only, big discount stores that sell a huge variety of stuff at a near-wholesale discount, and Walmart is looking to open 30 of them. That’s a huge investment.
Tesla Motors has been dropping the prices on it’s cars and trucks with the result that sales have increased and its stock value has gone back up. Tesla cars have been priced out of the range of the majority of us but with lower prices they’ll sell a lot more cars.
New discount stores and discounted car prices indicate to me that less people are expected to make high wages now and in the future and that merchants are going to start appealing to the less affluent for sales. That means that there will be more products coming from China, not less, and that China will have to take less profit and pay lower wages. They may do more business but they’ll make less money.
Shipping from the Far East is expensive, which is why those container ships are so huge. The greater the volume the less cost per each. Even so, once they get here they have to be unloaded, loaded on a waiting truck there at the port exclusively for one particular container out of thousands, by huge, extremely expensive machinery, then driven hundreds of miles to their destinations, then the container must be returned….. It’s an expensive process, which encourages factories here to start up production again, which creates more jobs. Factory assembly line jobs, the kind that pay minimum wage.
The whole general drift of all this is that average wages have gone down and are expected to stay low compared to the Pre-Covid Lockdowns Era, but that the shortages our MSM and Great Leaders have been trying to terrorize us with are not going to happen unless they hit us with the occasional fake one to maintain a level of uncertainty and panic among the sheep.
Meanwhile, our population will steadily decline as they keep injecting and infecting us with their latest poisons and mutated diseases. We’re not going to be subjected to a massive depression with soup and bread lines. That was a disaster for the rich back in 1929 which they have no intention of ever seeing repeated. They’re going to continue to enjoy their great wealth as they steadily reduce our numbers, in a very regulated way.
I hope the first large group to be eradicated is The Homeless. Those people are the bottom rung of a 20 foot ladder standing 10 feet deep in shit. No doubt their elimination from the cities will be tied to another Constitutional Rights removal that we will accept as the price for clean streets once again, under the principle of never letting a good crisis go to waste.
No guarantee this will actually happen, of course, it’s just my hope that this human trash is first to go but Big Brother may prefer to let them remain as an aid in keeping us producing citizens down and controlled. Don’t want us getting too prosperous again, after all.