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Retailers Are Failing, Countries Are Moving Away From The Dollar & Drug Cartels Are Abusing Avocados...

The Daily Ninja 6/21/24

Updates From The Economic Ninja

(6/20/2024)

  • ๐Ÿ›๏ธ Another large retailer has decided to close down even more stores.

  • ๐Ÿ›๏ธ The struggle and closure of major retailers like Macy's and Bed Bath and Beyond can't solely be blamed on Amazon, as they also faced challenges like bankruptcy.

  • ๐Ÿ“‰ The rate of recovery is so slow that it's too late for companies to stay open.

  • ๐Ÿ›๏ธ JC Penney's closure is a big deal for mall operators, as anchor stores like it are essential for drawing in customers and smaller businesses.

  • ๐Ÿฌ The mall operators can only lower the rent so much before they lose their building.

  • ๐Ÿ’ฐ Small town USA small retailers are hurting, while big retailers like Walmart and Amazon will only get larger as inflation worsens.

  • ๐Ÿ›๏ธ The future will determine if city buildings will be revitalized with businesses that people will want to frequent.

(6/20/2024)

  • ๐Ÿ’ธ The potential impact of countries moving away from using the US dollar for oil purchases could lead to a massive wave of inflation in the United States.

  • ๐Ÿ“ˆ The hyperinflation of commodities like copper and cocoa is just the beginning, and it's causing prices to skyrocket.

  • ๐Ÿ“ˆ Rising costs of goods due to inflation and supply chain issues are impacting consumers, including higher prices at Walmart and for products like Coca and Kit Kats.

  • ๐Ÿ˜ฌ The seriousness of the situation in Ukraine makes it difficult to joke about, as the conflict and geopolitical implications are significant.

  • ๐Ÿ’ฐ The speaker suggests investing in assets like gold, silver, and Bitcoin as a way to protect against the potential instability of the US financial system.

  • ๐Ÿ“‰ The US macro surprise index plunged to early 2019 lows, indicating bad news for big Tech.

  • ๐Ÿ“ˆ The treasury department printing money in the form of bonds and buying long-dated bonds from failing banks is contributing to the collapse of the economy.

  • ๐Ÿ‘ฅ It's about all of us going after the ones that would want to do damage and harm to our children, our finances, and ultimately to our collective minds.

(6/20/2024)

  • ๐Ÿ’ฐ Greedy politicians may be preventing food prices from plummeting in the country, despite the potential for lower tariffs.

  • ๐Ÿฅ‘ The multi-billion dollar avocado industry in Mexico has attracted the attention of drug cartels, leading to violence and extortion of growers.

  • ๐Ÿฅฆ Starting small container gardens and looking into aquaponics and hydroponics can be a way to fight back against the control of the food supply.

  • ๐Ÿ›’ The government wants people reliant on the government Dole and scared, rather than prepared and self-sufficient.

  • ๐Ÿ’ธ The cost of food is rising, and it's only going to get worse in the coming years.

Keep Crushing It!

-Ninja Out

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