Road to Depression

FPSA retail store closings hit a new record high as west coast homelessness soars!

on . Posted in Road to Depression

SEATTLE, Washington (PNN) - November 6, 2017 - If the Fascist Police States of Amerika economy is doing just fine, why have we already shattered the all-time record for retail store closings in a single year? I certainly can’t deny that online shopping is on the rise, but it still accounts for less than 10% of total FPSA retail sales. No, something bigger is happening in our economy, and it isn’t receiving nearly enough attention from mainstream media. Back in 2008, a plummeting economy absolutely devastated retailers and it resulted in an all-time record of 6,163 retail stores being closed that year.

So far in 2017, over 6,700 stores have been shut down and we still have nearly two months to go.

Just within the last week, we have learned that Sears is closing down another 60 stores, and Walgreens announced that it intends to close approximately 600 locations.

Overall, about 300 retailers have declared bankruptcy so far in 2017, and we are on pace to lose over 147 million square feet of retail space by the end of the year.

Meanwhile, mainstream news outlets are reporting that homelessness is exploding out on the west coast.

For instance, we are being told that there are “400 unauthorized tent camps” in the city of Seattle alone.

But I thought that the Seattle economy was doing so well.

Down in San Diego, they are actually scrubbing the sidewalks with bleach because the growing homeless population is spreading hepatitis A everywhere.

Over the past two years, at least 10 cities or municipal regions in Kalifornia, Oregon and Washington have declared a state of emergency because homelessness has gotten so far out of control.

Does that sound like a healthy economy to you?

The truth is that the financial markets have been doing great since the last financial crisis, but the real economy has never really recovered in any sort of meaningful way.

With each passing day, more Amerikans fall out of the middle class, and the homeless populations in major cities all over the nation continue to grow.

We truly are in the midst of a long-term economic collapse, and if we don’t find a way to fix things our problems will just continue to accelerate.

So don’t be fooled by mainstream media.  They may be trying to convince you that everything is just wonderful, but that is not the reality that most people are facing.

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