The Israel Deception

Is the return of Israel in the 20th century truly a work of God, or is it a result of a cosmic chess move to deceive the elect by the adversary?

Showing posts with label spending. Show all posts
Showing posts with label spending. Show all posts

Wednesday, March 1, 2017

World's largest retailer Walmart pushing customers towards eliminating use of cash in their stores

As governments around the world mull over, or actually start to implement the elimination of physical cash, the world's largest retailer Walmart is now jumping onto this bandwagon.

In a new initiative announced on Feb. 28, the retail giant updated their mobile app with a new feature meant to entice customers to perform their pharmaceutical and money changing activities online, with the carrot incentive of no longer having to wait in line to fill out their documentation or to pay for these services.

Image result for walmart cashless
Walmart yesterday launched a new initiative in its drive towards zero-cash at its stores. 
The world's largest retailer has added a new feature to its mobile app, which would allow its pharmacy and money services customers to beat long queues, The Street reported.
Whether it was about refilling a prescription or wiring money, all tasks could be done without paperwork and checking prescriptions before stepping into the store, the report said. 
Walmart said while customers would still need to visit the store to pick up prescriptions and verify payments made through money services, express lanes would be set up to cut waiting times to as little as 40 seconds as against six to 11 minutes at present.
The app and express lanes would be introduced at 1,200 locations in March,  and extended to 4,700 US stores by the fall. - Domain B
In 2016 Walmart introduced an app called Walmart Pay in which customers would no longer need to use physical cash, or even receive a physical receipt when checking out as they would pay and document their purchases completely on their smartphones.

While cashless retail shopping is not widespread in the U.S. at this time, a growing number of countries in Europe are nearly 100% cashless, with many of their own retailers no longer even accepting physical cash as payment for items or services.

Friday, November 27, 2015

Higher inventories, earlier discounts, and consumers saving rather than spending makes for a bad holiday season

For retailers, the period between Black Friday and the end of the year can sometimes constitute 70% of their yearly revenues.  And at a time when the economy desperately needs a boost, this year is turning out to be not so kind to stores that are already discounting items 10 days before Black Friday is set to begin.
This week, a number of economic data points are forecasting not just a bad holiday shopping season, but a horrendous one.  And with the El Nino keeping Autumn weather rather warm in most parts of the country, the talking heads on Wall Street and at the Fed cannot use the weather as an excuse this time around.
But there is no need for excuses as the primary data is showing three important factors for low turnouts at the stores.

Read more on this article here...

Wednesday, November 25, 2015

Higher inventories, earlier discounts, and consumers saving rather than spending makes for a bad holiday season

For retailers, the period between Black Friday and the end of the year can sometimes constitute 70% of their yearly revenues.  And at a time when the economy desperately needs a boost, this year is turning out to be not so kind to stores that are already discounting items 10 days before Black Friday is set to begin.
This week, a number of economic data points are forecasting not just a bad holiday shopping season, but a horrendous one.  And with the El Nino keeping Autumn weather rather warm in most parts of the country, the talking heads on Wall Street and at the Fed cannot use the weather as an excuse this time around.
But there is no need for excuses as the primary data is showing three important factors for low turnouts at the stores.

Read more on this article here...

Sunday, October 11, 2015

Besides banning cash, banking cartel begins to drop hints of ending capitalism entirely

In capitalism, one of the most important fundamentals is that of price discovery being a natural occurrence determined between supply and demand among producers and consumers.  But for centuries this natural facet of free markets has been stymied due to political agendas, and corporate manipulation.
And with the advent of central banks, who have used their power over money supplies and interest rates to skew the natural course of all price discovery, and determine winners and losers in the ‘free markets’, their inevitable failures are now leading financiers and economists within their sphere to blame the tools of the market as the problem, and not their own actions and policies.
Which suddenly leads us to their next scheme, and one that is an attempt to stave off the bubbles and debt traps they have created for themselves and all of society… the ending of both cash and capitalism completely, and moving towards a 100% mandated economy run by a combination of the state and the banks.
In essence, the implementation of fascism.

Read more on this article here...

Friday, November 15, 2013

Home ownership quickly becoming unaffordable as mortgages rise to 40% of household spending

The bursting of the 2007 housing bubble occurred because of many factors, but a primary reason for the collapse was due to the inability of Americans to afford the cost of rising mortgage payments.  When the crash occurred, the average amount of household income being spent on mortgages and rents was at or above 40%, and it led to a wave of foreclosures that are still haunting the market to this day.

Yet thanks to Federal Reserve policies of Quantitative Easing, and the drive to re-create the housing bubble once again, history is now repeating itself as consumer costs for a residence, both in home ownership and in rents, are reaching that magical number of 40% just six years after the last crisis.




Read more on this article here...

Tuesday, May 8, 2012

Europe isn't spending less, they are just spending less on their own people

European austerity is a relative term for the nations and people of the European Union.  On one hand, it represents a pullback from massive borrowing, spending, and public benefit programs, but it can also mean simply a pullback on where the money goes without cutting spending at all.

It appears now that austerity in Europe really is no more spending on the people, and instead giving money to banks, governments, and corporations, at the expense of the very populations who are barely surviving in desperation mode.


When you were a child and did something wrong, the worse possible words your mom could say were "wait til your father comes home!" and that dreaded anticipatory angst is what Europeans must be feeling now as the threat of austerity hangs like the sword of Damocles over their heads. The reason we say this is that in fact, as Veronique de Rugy of National Review Online notes, the 'savage' spending cuts in Europe have yet to show up anywhere. All the rhetoric of how Europe's austerity has failed, all the hand-wringing and election-winning, and yet all the major nations are spending more than pre-recession levels; France and the UK did not cut spending at all, and even in Greece and Spain cuts have been small (and any meaningful reforms failed to be implemented). In fact, the epicenter of the current meltdown - Spanish banking - has seen only de-minimus headcount reduction over the past few years - so who is tightening their belts? The trouble, of course, is that while the threat of austerity has struck fear in the hearts of every European voter, the action of raising taxes has hurt just as much and perhaps the "trumpeting the failure of austerity as a reason to go full-Keynesian again" chatter will recede as facts overtake fallacies. As Mark Grant recently noted, there's a big divide between austerity pledged and austerity implemented, as it appears its more about raising taxes than cutting spending. - Zerohedge



As you can see, nations like Spain, Greece, and Italy have not curtailed their spending at all, just moved where the money was going to.  In this case, it away from public benefit programs and more towards the banks, corporations, and crony capitalists who helped create the problem in the first place.

Thursday, March 1, 2012

Obama content in American's suffering over gas prices to achieve green agenda

On March 1st, Energy Secretary Stephen Chu uttered what most Americans believed, which is that President Obama has no thoughts on resolving high gas prices because to do so would interfere with his green agenda.

According to Politico, Chu admitted to a House committee that the administration is not interested in lowering gas prices.

Chu, along with the Obama administration, regards the spike in gas prices as a feature rather than a bug. High gas prices provide an incentive for alternate energy technology, a priority for the White House, and a decrease in reliance on oil for energy. - Yahoo News

Besides the Obama Administration, many Democrats have the same lack of compassion for Americans who are watching their disposable income shrink with each dime hike in prices.  Nancy Pelosi fell back on to the old rhetorical blame speculators instead of recognizing the growing inflation taking place due to Congressional, Executive, and Fed spending.

The American people speak loudest when markets or government try to dip into thier pocketbooks, and the President unwillingness or inability to deal with soaring gas prices will change many voters minds in the coming November elections.

Thursday, October 20, 2011

Tax the rich until they are penniless... and it still wouldn't cover the budget for 1 year

Class warfare has little to do with revenue collection, but more with political and Machavellian doctrines.  Our politicians in Washington, especially liberals like Harry Reid, Nancy Pelost, and Barack Obama who are advocating a tax the rich scheme to pay for their social programs have done little, zip, nada research to see just exactly what would happen if we taxes and even confiscated the wealth of the rich in America.

Even the poor people of the Occupy Wall Street revolution, who themselves are being fed gourmet food in New York City, do not have a clue as to what they are protesting against.

This fantastic video shows just how inane the argument is, and that the reality of the situation isn't a revenue problem, but a spending problem in Washington.

Thursday, September 29, 2011

Consumer belief in the economy reaches second weakest in history

When consumers are happy with their job situations and the economy, then consumer spending seems to go hand in hand with that happiness.  However, besides the fact that consumer confidence on jobs reached a low not seen since 1983, we now discover that consumer comfort is at a near record low as well.

As ES levitates 20-30pts off overnight lows on 'incredible' macro data and 'hope' in Europe, Bloomberg's Consumer Comfort Index just printed the second-lowest reading ever as 93% of those surveyed had a negative opinion of the economy. In almost every demographic, sentiment has fallen to near record lows (except we do note that in the last week those earnings 75k or more modestly improved their outlook though still drastically low). Perhaps the most critical sub-index, given the dependence on a consumer who is not paying his mortgage and living off food stamps, is the Buying Climate, which has only been lower during Q3 2008. We assume the congressional 'super-committee' is paying attention. - Zerohedge

(Chart courtesy of Bloomberg)

So tell us readers... what do you think this chart foretells for the Christmas season, which is just 3 months away?