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The Economy is About to Come to a Screeching Halt

 
Anonymous Coward
User ID: 27586744
United States
11/14/2012 08:45 AM
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The Economy is About to Come to a Screeching Halt
Mark this down. Happening as you read this.
Anonymous Coward (OP)
User ID: 27586744
United States
11/14/2012 08:50 AM
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Re: The Economy is About to Come to a Screeching Halt
Probably won't be reported accurately because everything is "messaged" the way "they" want it to be now, but this Christmas buying season will be the worst in recorded history. It is over, people. Don't spend anything on gifts. Use the funds you have for prepping in whatever ways you see fit. The best gift you can give to your loved ones, now, is to be prepared for what is almost upon us. Let your preparations begin with the spiritual. Go to Jesus in prayer, NOW!

Ask Him for total forgiveness and help during the coming tribulations.
Anonymous Coward
User ID: 23992770
United Kingdom
11/14/2012 09:18 AM
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Re: The Economy is About to Come to a Screeching Halt
Hey OP. You are right. The shops are pretty busy here in England - all looks fine on the surface. But that's only because everywhere has massive sales already. Ask any business owner and they will tell you that it is the profit that counts - not the sales volume. In fact, if you are incurring the costs of keeping stores open late and employing more seasonal staff to cope with the queues but aren't making a decent profit margin on sales (or any profit as in many cases) then its even worse than just closing up as you will lose money even faster.

What happens in January will be even worse. Sure, there will be masses of people out buying, but only because stuff will be almost given away. If they are already heavily discounting before Christmas then they will still have to discount further in January.

Its a farce. Most retailers just simply didn't expect the crisis to be of this nature (ie. they expected it to be like previous downturns - not the final realisation that the system is a fraud). It was telling watching the press conference from the Bank of England this morning. They said that they suspected that the situation was much worse than realised because many businesses were being kept trading only because of the government aid, and that otherwise they would have closed, but that the devices for this aid were so complex that it was difficult to determine which businesses this applied to.

I think Gerald Celente was right when he said, back earlier this year, that this would be the last Christmas where most people in Europe and North America were concerned with Christmas presents, and that the following Christmases people would be just grateful to have food on the table.

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