Retail shops probably closing because online shopping has soared. I'm a senior without a car (gave it to a grandson), so I shop online 90% of the time...love having product delivered straight to my door! I'm a city boy, but I've taken a few precautions as time and money permitted.
RE: Who is prepared for the collapse coming?
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Who is prepared for the collapse coming?
I think main stream media likes to blame the demise of retail stores on internet shopping just to hide the real facts about why retail is tanking. Too many outlets. Too much overhead. Too highly leveraged because of cheap easy money. Too many people who can no longer afford to be casual consumers. Harry Dent coined the moniker "demographic cliff". It's when the largest generation (baby boomers) stops spending their money because they're entering retirement. That surely is beginning to have an effect on the economy. Also, consumer debt is in the trillions of dollars. I've paid down debt and continue my preparations. Not sure where it will get me, but if nothing else, it's a hedge against inflation while I'm still earning a decent wage.
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Perhaps, but, as my example shows, online shopping is big. I have reduced my debt to zero, and acquired real assets. My weakness is living in the city, but I'm too old to move, so must simply hope for the best. Sold my last mining shares today (at a whopping profit) and invested the return in silver Eagles.
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I thought the exact same thing and then i realized all these retail stores had massive online stores also. I also found out that online shopping was down in the 3rd & 4th quarter of 2016 and first quarter of 2017. I was want to help families as we are going to go through a tough recession. Have a blessed evening with your family.
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