Rollin' Like Sisyphus

No Joke

Posted in A Chronicle Of Decline by Huckleberry on July 31, 2014

The Economic Collapse blog ponders the return of a variation on Yo Mama jokes:

Some of my favorites were “your Mama is so broke she went to McDonald’s and put a milkshake on layaway” and “your Mama is so broke your family ate cereal with a fork to save milk”. Unfortunately, the facts that I am about to share with you are not funny at all. In fact, they are quite sobering.

The whole thing is worth a read, as it provides a sweeping barrage of data points so fierce that it utterly obliterates the “recovery” lie and pulverizes it into a fine mist.
My personal favorite:

9. Americans are so broke that many of them can’t even afford to shop at Wal-Mart and dollar stores anymore.
Discount stores are slowly dying. Yesterday, Dollar Tree announced it would buy Family Dollar, a chain that is in the process of closing hundreds of stores and firing workers. Other discount stores have been struggling as well, writes Heidi Moore at The Guardian. Fashion discounter Loehmann’s filed for bankruptcy, while Wal-Mart’s sales have declined for the past five quarters. “There’s just not enough money deployed by American families to keep all the discount chains in business,” Moore writes.

When a significant portion of a population can’t even afford cheap crap, it’s just about time to call it curtains.


3 Responses

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  1. El Borak said, on July 31, 2014 at 18:27

    Five silver quarters are worth $19.47…

    And that’s with a significant downside manipulation of the price orchestrated by the Silver Users’ Association that has melted down nearly every one of those billions of silver coins withdrawn from circulation by the USG since 1965.

    In 1968, the US Strategic Silver Stockpile was 165m ounces. By 2002, it was zip, zero, zilch. The Treasury’s stockpile has been reduced from 3.5b oz in 1940 by 99.5% to 7m oz today. Don’t hate me because I hate conspiracy theories, hate the fact that this one was never hidden enough to qualify as a conspiracy.

    Silver ought to be twice today’s price, and it will be soon enough. Though suffering another birthday today, I remain confident that I am yet young enough to see it.

  2. El Borak said, on July 31, 2014 at 18:28

    Moderation? Lol. I could only wish that my own blog was popular enough to need it…

    • Huckleberry said, on July 31, 2014 at 20:32

      Very weird.
      No idea why this got caught in the filter that I don’t have. The only restriction I have set is for X-rated content.
      I guess silver is hotter than we thought.

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