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It Just Happened...
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)
๐๏ธ Another large retailer has decided to close down even more stores.
๐๏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.
๐ The rate of recovery is so slow that it's too late for companies to stay open.
๐๏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.
๐ฌ The mall operators can only lower the rent so much before they lose their building.
๐ฐ Small town USA small retailers are hurting, while big retailers like Walmart and Amazon will only get larger as inflation worsens.
๐๏ธ The future will determine if city buildings will be revitalized with businesses that people will want to frequent.
(6/20/2024)
๐ธ 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.
๐ The hyperinflation of commodities like copper and cocoa is just the beginning, and it's causing prices to skyrocket.
๐ 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.
๐ฌ The seriousness of the situation in Ukraine makes it difficult to joke about, as the conflict and geopolitical implications are significant.
๐ฐ 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.
๐ The US macro surprise index plunged to early 2019 lows, indicating bad news for big Tech.
๐ 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.
๐ฅ 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)
๐ฐ Greedy politicians may be preventing food prices from plummeting in the country, despite the potential for lower tariffs.
๐ฅ The multi-billion dollar avocado industry in Mexico has attracted the attention of drug cartels, leading to violence and extortion of growers.
๐ฅฆ Starting small container gardens and looking into aquaponics and hydroponics can be a way to fight back against the control of the food supply.
๐ The government wants people reliant on the government Dole and scared, rather than prepared and self-sufficient.
๐ธ The cost of food is rising, and it's only going to get worse in the coming years.
Keep Crushing It!
-Ninja Out